The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1896-09-08

only money Lenders ana Deaiers ku
Credits Fatten.
In attempting to maintain an incon-
sistent and untenable position McKin-
ley is frequently absurd. but he was
never more absurd than in repeating the
Wall street imbecility that if free coin
age makes money more plentiful it will
be ''just as hard to get as ever" unless
it is deprecated, says the st. Louis
Post Dispatch.
1t is not necessary to answer or 10
notice those who assert that the Demo
cratic party proposes to use the mints
and the power of the government in an
attempt to give unearned money to any
person or to any class Of persons. 1t pro-
poses to stop such frauds-frauds which
are now perpetrated in the interests of
the Rothschilds, the Morgans, the Bel
monts and other treasury robbers who
are Mr.. McKinley's earnest supporters
in the demand for what they and he
call "honest money"
The Democratic party proposes to pay
off the national debt, to abolish the COR
poration currency based ON it, to supply
the place of all corporation paper with
silver and gold. freely coined, and to
supply the business men and workers
of the country with sufficient medium
of exchange to increase the volume Of
business and to allow closer approxi-
nation to q cash basis than can ever be
possible while tho currency is controlled
by European and Wall street money
dealers, whose business is dealing in
credits-who, in order to take the lar
gest possible tolls from trade, are inter-
ested in forcing the country's supply of
cash as low as possible.
If, as between the corporation note
and the hard money dollar coined sby
the people and costing them nothing for
its issuance, Mckinley favors the CDR
poration note which gives those who
issue it control both of the trade of the
country and of its politics, let him say
so, but he need not think that the mis-
cradle and imbecile subterfuges of the
professional robbers who have been
will enable him to conceal from the
people the true nature of the issues in
volved in this campaign.
With the gold of the country cornered
by foreign spectators and bond syndi-
Gates or held in the vaults of the ma
tional banks and with greenbacks also :
held out of circulation because the treas
ury treats them as gold certificates, we
have not now in actual circulation as !
much money per capita as we had in
1875. Yet in 1875 the cotton crop was 5
only $3.50, 600 bales, while last year 1t
was 9,e92, 600 bales, or nearly three
times as much.
This immense increase in all lines of
production must be followed by cor
responding increase in the medium used
for the exchange Of products, or produc-
ton is checked, civilization and progress
are impeded, producers are impoverished
and only money lenders and dealers in.
credits fatten.
The volume of money must increase
not only with the increase of population,
but in a ratio measured also by the ratio
of increased production to increased
population. Every new machine, every
new railroad, every new state opened,
every new invention in mechanics, ev-
cry thing which increases the volume Of
products to be distributed, makes neces-
sary larger supply of the agent of
their distribution-tha is, of money.
When the supply of money is kept be-
low the demands of increasing, produc-
ton, we have what is called "overpro-
duction THAT is to say, with people
starving to death by the score and the
hundred in the great oenters of popula-
ton, we are obliged to burn our bread
stuffs because there is not money enough
to move the crops the moveA
ment Of our crops is controlled by money1ro
brokers in Wall street who in their turn
are controlled by money brokers in Lon
don.
This condition of affairs is intolerable,
and the American people will not toler-
ate it longer When Mr.. Mckinley reads
the returns in November, he will see
that he cannot deceive the people of
Ohio or of any other state populated by
intelligent Americans. They have been
robbed and oppressed SO long that it has :
educated them, and they will back theirrf
education with the ballots through
which they propose to stop the plumber
Of the treasury by the London and Wall
street bankers who are supplying the
money for the Hanna corruption fund
III there Is a monopoly in this country