The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1896-01-20


enhancement of gold show that such losses
on cotton alone amount to $N.50O000, ana
ON wheat alone, in sixteen states, 10 soo'-
$4,000. aSgregating on these two products
$l55.5J0.000 against $l3,000,000 sustained by
western mine owners"
&.a When goldites point to Mexico ana
China silver standard countries ASK
them what about gold stan lard i1Sypt
and Turkey and Liberia. Ask them also
If il is not the standard of manhood lud
race and climate rather than the Stlnoafd
of value that makes the differences between
al thoss countries and ours.
y. When they ask you If You want cheap
enough to you. and that CHEAP dollar is
simply one that you do not have 10 give
up such large amount of labor or pro-
ducts to yet your hands on.
Tel thcm. also, that while silver dollars
may be bulky, very few of Us VIII noed
wheniharrows to carry around what we get
of them, and that a gold dollar IS so IL
tie that il gets lost in a poor mans pock-
ct and its lees are too short 70 80 ;iounu
the corner to pay an honest debt, ana II
always runs and hides in time of need.
80. That as il is only the real or primary
money whose free coinage is provided lot
~ law that constitutes the measure OF
values" by which is determined the price
Of lab n ana all it's products, and as the
amount of the precious metals IN me
IS. in round numbers, $S,3o~0,Wo. about
equally divided between gold ana SllNc,
the natural effect OF the lmonetizatoa
of silver would be to lower the level OF
general prices about 81 per cent.
81. That gold being the standard and sole
unit of value" whatever Increases inc
value of gold necessarily increases the
Nalue of 25.S grains Of gold, when con-
stitutos the unit of value" and whateV-
or enhances the purchasing power OF
gold dollar necessarily enhances the Dnr-
chasing power of every dollar OF rcpreSen-
tatve money based on gold, or silver dol
lar artificiaiiy held NJ to gold 10y mort
cages upon the people IN the shape OF
government bonds.
-. That it therefore follows that no plan
that looks TO an increase of circulation by
means of state bank or national bank
notes, or by an enlarged use or the
"frcest possible use of silver, without re-
storing its ancient functions as standard
money and unit of value can be of
any real and permanent benefit TO the
people. If you want to benefit the people
You must increase the volume of real
money or broaden the base Of your money
of ultimate redemption, ana that can only
be done Icy the free coinage of silver or
restoring it's ancient function as "a unit
Of value"
SO. That money is bought and sold the
same as commodities and its value or pur-
chasing power is determined by the law OF
~uppiy arg demand, with the Inference
however, tlat money, being the universal
medium of exchange and standard of val
ue. without which mon cannot procure
what they want nor pay their debts. ) all
ways N state OF constant demand. such
as nothing else is. Consequently. the small
or the supply of real or primary money in
proportion % the amount Of 0cb-s tG DE
palp anu AMOR ana coihhouitieS 70 hc tA-
chaiie'u LOT - 'he greater meIo"es w
puIci dSlHE power on every upldr ana 'h1
IoNer the price or iabor anu OF al COM
modltleS.
~ Ihat business investments derive
their prolits from inc prices oDtalncd IRON
uleT pfoiucS or output anu that Us doi,
iiIS I'iri'dS' ~ N1iu1 dhU ~ 10 i''
IN price as Hoiiars decrease IN h1ihn'i;
Whatever dimlElshcs inc Noluine OF f,"l
money Or prevents X cApdHdii- 20 hr'P
pace WIN ihe grown OF ihc country ana
the demands OF tf4dc tGuIS 70 STOP invest
ments ana ihduce inc hoardlhS oI money
ana pic,hora ~ \ ~ t'e money cghtoIS
20 seek investment NJ EoNefhInclt bonus
Or STOCK Eambiing rather IMAM IN the chan-
hClS or icgiun2t" enterprises.
80. ihat with dollars constantly lncreaS-
lHE IN Naiue, ana "ihef thlaaS decreasing, a
man VIII LOT reno on or invest IN land or
business plant, Tor Tear lhat he VIII not he
anne 70 get MS money htck or rea!lHe on
ms investment. lie would rather invest ia
government bonds az low rate Of inter-
est, or lock his money up and profit 10y It's
enhancing Waite than 70 take the risk Of
LOSING any uart o; h.s futening dollars
30. That with not enough gold in the
whole world % pay the interest on the
amount OF the debts owed, and most of the
great nations all grabbing for y. Iat there
is, the vaxG Of gold is constantly enhanc-
inc, and "refore the single gold standard
not ONLY Fongs erelv debtor. but inJicts
injury - every productive enterprise