Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1896-08-27

da4d tdEmeTs are opposed to the gold stan
Since they sell at wholesale and buy at re-
gained 81 Failing oT prceS 5dsf shs ehhs
! they have found that certain fixed charges
per ns aie1gh f it re9urss
more farm products now than formerly to
Debts have. not fallen The farmer s who
sfSousk It is sH n be MEL to dRyus as
formerly to obtain . the dollar with which
prices. and besides these Items there arg
complaint against the gold - Standard
The wage-earners have been injured by a
selves upon the subject with great emPha-
or the i sbgdlIk rs Pn Of the freg
and unlimited coinage of gold and silver az
ali or nearly all the leading labor organiza-
tons, and presented to Congress;
standard raises the purchasing power of the
| dollar it also makes it more difficult to OBJ
that employment is less permanent, loss of
work more probable and Unemployment less
| certain. gold standard encourages the
| boarding of money, because money is rising
It also discourages enterprise and paralyzes
con the other hand the restoration of b bi-
canse when %i prees are steadS OF rsng
| money can not afford to lie idle IN the pa NIX
g gedie consttate e coRsiderabIe majority
| of the people of the country: why Sno ino
financial legislation? monetary. system
which is pecuniarily advantageous to a few
| SyndicateS has far less to commend IL IMAM
| system which would give hope and en-
enlargement to those who create the ma
| tons wealth.
our opponents have made special I ap1 neal
policies' but TT these a policy Holders know that
since the total premiums receivea sI I011st
| be of more beneft to the companies than to
its policy holders -. -o.-,,-o.s.d nv
| our opponents for the depositors in SAYINGS
banks. They constantly parade before these
ard, but these appeals will be in vain Pc
cause savings bank depositors known I 5;IssI
danger that they will lose their deposits
eoiiecs their ' Assets and they st further
| know that if the gold standard is 70 con-
| to withdraw their deposits in order to pay
ut is only necessary to note the increasing
number of failures in order to know tnat
a gold standard is rqinous to me mere anus
| don't make their profits from the people
t the peope to whom they sell their goods
If the people can not buy, retailers can hot
sale merchants and manufacturers must go
| into bankruptcy. Those who hold as per-
and irltI of other enterprises3T do not include
| those who speculate in stocks or use stock
| holdings as means of obtaining an inside
| advantage in construction contracts, are
Injured by gold stan6ar6 he Of tbesg
enterprises without reducing their liabili,
Salaries s and fixed Charges have been salts
| fed, the stockholders must bear the bur-
| equations depend upon business conditions,
| and the gold standard both lessons the
amount and the greatest permanency OF
'Finincial salaries, except the salaries of
those who hold office for life, must in the
| long run. be adjusted to the conditions of
emit financial policy continues we must ex--
pect the contest between the taxpayer and
professional classes in the main receive
their support from the producing classes.
Wealth. have mot sttempted to- describe
classes-in fact, I have only had ,, time to
to apply the principles to his own occupa-
| ton. It must also be remembered that 1t
their earning into real or personal property.
This being true, in considering any tenn
system under Which the dollar rises in its
he doar can nd by oF Pe 6a
merly, unless prosperity sells for less than
portion of those who may find some pecuni-
| airy advantage in gold standard will dis
cover that their losses exceed their gains
Banks Are Not Debtors.
TT is sometimes asserted by our oppon-
ents that a bank belongs to the debtor
class, but this is not true, of any solvent
The veII-beins of ment published by a
| the nation, aye of solvent bank shows
| civilization itself, lnt9 me assets Elk
depends upon the 49, =; &c &c, I,.I;fo
| prosperity of the the bank owes a
masses. large amount of
positors it not only has enough on
but m0n fao to dnoGs to
cover its capital and surplus. When the
by making. Short time loans and taking
good security. avoids losses. but when
to lose more because of bad debts than it
| can gain by the increased purchasing
| 1T must be admitted, however, that some
1 Wi he banking hrISinRSG
and these may make enough in the negotia-
Iegimate banking business. AS long as
| human nature remains as 1t is there will
by the public opinion or legal enactment.
Those who see pecunlary profit for them
| ton
Jefferson has stated that one of the main
| from injuring one another, and never was
It is not strange that those, who have made
profit by furnishing gold to the govern
financial policy which viii keep the gov
qp9 fRe them eli ne
vast majority of the people of the United
Soey mat in beha Use of a fa
| people would make our government indie
Let me say a word now in regard to
med by a gold standard. and who favor it.
Fights OF others but beca9se their pP eircu nm
stances which surround them blind them to
g6a ask you to consder t 5e0h
| OF the gentlemen whose long public service
| and high standing in the party to which
| they belong viii protect them from adj
| verse criticism by our opponents. In 1869
Senator Sherman said: The contraction
| of the currency is a far more distressing
SPd oter natons have gone through that
| operation before. 1t is not possible to take
| that step without the SOrest distress. To
| every person, except capitalists. out of debt,
| or a salaried officer or annuitant, it is q
4 tod af DANCER IaSStfIda NJ frad
| fail of wages, suspension of enterprise,
| bankruptcy and disaster. 1t means ruin to
all dealers whose debts are twice their
| business capital. though one-third less than
| their. actual property. 1t means the fall
| great reduction of taxes What prudent
road, a factory, or a barn, with this GER
tain fact before him?
| s'As have said before, the salaried off,
i referred must be the whose sal