People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1896-06-04

deceive the people, or who are themselves |
deceived, as 10 our true condition. Those |
who hang out false lights and lure the ship |
Of state on TO rocks. are the worst enemies |
of a republic. The damage they do is ire
parable. Vain boasting and pride as to a |
nations condition, like in individuals. goes
before a fall. Il is this vain bcasting that |
has aided in the overthrow of all republics |
Its use now will result in the overthrow OF
this present government of the United
States. Be warned in time that the down. |
fan Of all past republics was preceded by
refusal to recognize existing evils.
They Say Silver VIII Run Gold Out.
They say that to remonetize silver will
run gold out OF the country. Gold is not
In circulation now. II is cornered. The
merit of bimetailism is to recognize the fact
that from time 10 time one or the other OF
these metals will leave US, and the fact that
we have the other with US is what would
save our financial system. II there are
causes tending to take gold away from US.
It Will go whether silver is money or not.
: We have no silver now az real money, and
yet gold is leaving us. They stopped the
coinage Of silver even as credit money two
years ago, and yet gold has since left US
faster than ever
Over Production of Silver.
They say silver was demoneti.ed on 40
count OF overproduction. At the time sill
Yer was demonetized, the world was pro
| ducing 81 cents In silver to one dollar In
| gold less silver than gold. In the % year.
since then the world has produced about
| equally dollar for dollar of silver to GOLD.
| world 10 IN L..
80 cents worth OF silver 10 one dollar OF
| gold.
Silver's Coinage Since 1873
They say: 80 many hundred million,
Of silver has been coined since 1879" and
ask: why are you not satisfied with such
Rr enormous coinage?"
The answer is this: All the silver coined
since 1873 has been credit money, prao-
tically redeemable in gold II has not added
dollar TO the primary money OF the ma
ton. The more you issue OF Il In this form
the worse 1t Is for the stability Of our finan-
cial system. II the proportion Of credit
money is already disproportlonate to the
quansty of primary money. What was
needed was It's recognition as primary
money, in competition with gold. As credit
The Act of 1878.
But" they say. by the Bland-Allison
act Of 1878, silver Is now full legal tender
money"
The answer is this; BY that act silver wai
made legal tender only In the sense that
4 lgreenbacks are full legal tender. II was
left crippled by limited coinage Free
coinage was not given TO Il, as enjoyed BY
gold. None Of those rights were conferred
on 1t enjoyed By gold and that are necessary
under true bimetallism TO restore parity
in commercial value between tho two
metals Nor was full legal tender given to
It. A clause Was inserted:
UNLESS OTHERWISE PROVIDED IN THE
CONTRACT"
This gave the money power an opportunity
to continue their war on silver. The ooun-
try was flooded with notes for you to sign
payable in gold and when the law thus con-
ferred the option on the creditor, as to
which metal he would demand, another law
In bimetallism was violated. Where before
1873 the debtor had the option, gave It to
the weaker metal, II either was, and thus
maintained the commercial parity, the
Bland-AlliSon act gave the option TO the
creditor, who would always demand the
deSrer metal. and the dearer It became the
more apt he would be to demand IT, In
stead Of the government debating what
was money, by this act. the creditor was
: allowed TO dictate, and since then the
money lenders have bound this country
1 and its people up in billions OF dollars worth
OF bonds, notes and mortgages. payable in
I gold. The debtor. as a rule, has no option
when ne goes to sign note Tor borrowed
money. Al such time, money is such q
necessity to him. that he is putty In the
hands Of the money lender.
4 Nor does he, as a rule, know that he n
:, assisting In pillng the demand on gold
and further increasing Its value. He 4.
hopeful and expects the tomorrow TO TAX,
I care OF Itself. When be goes 10 pay III.
Z debt, he finds that dollars have risen ant
! that prices have fallen. and that he hal
to give up more Of his property than eve
. In exchange for gold. or It's equivalent.
9 Improved FacilItieS-
They say improved faciltias and no
? Demonstration Is responsible for Low
o prices.
/ The answer to that Is this; Yrom 1890 I,
y lMs was a period OF great Improvement /,
y inventions and improved facilities. create
py Tar than for the same psrsod either be
: Tore or since. and yet In the face Of i'm
proved facilities. psicas advanced II i'm
proved facilities have lowered prices sine
H7a why did they not 90 It before ls1s
u Cost Of peoduoasu Is not what make
prices.
2 What makas pnioas b thk: II Is tn
relative quanfitt of the two, monsy an.
? property, and the demand for eaoAA
The Quansity % Money.
They say we have as much monar nOu
!, per capita as In na Tho answer Is th,ss
Is uus wa hsrs In gold and az forms o
credit money a. much per capita as We ha,
IN ISla But over two-thirds Of this mona,
!, Is credit money. and less than ono thr,
: Is gold or primary money. II Is therefor
, topheavy. II shakes confidence in Il ali
Primary money hxes the sea level OF usIcse
= and VIII support oaly an equal osantit,
!. OF credit money: eny greater issus OF credS
|, money does not hslp tbs situathn, but O.
!, me contrary, n 10 harmful We hs-s lec
A Than one-half az nrch primary mona,
pow as We bad per ospka 10 @i
! We have only ban as much sound mon,
| O. III 100 w HeQ You CO0sfue
. the money hoafdsd Up In bank vault,
!, not to go again m circulation, except m IN,
= form OF loans which is hurtfi. there is no
= TO exceed five dollars per capita In circula
, ton to-day m the United States. II is no
= money to loan that gives a healthy tone Il
. business; Il Is money-seeking investment
!. -purchases-that benefits trade.
A Cost Of Producing Silver.
B They say 1t oosts less to produce silvel
}. now then formerly, and that makes 4
d cheaper. When man makes that state
4 ment to you. put this question to him: Doe.
II not also cost equally less to produce gold
!. Wages and wage-Esrners
They say wages have not declined
Store clerks In the city Of Chicago In lsT
got 81 week. about an average Of that
They are now getting on an average sbou
six dollars a week
CnorganiZed labor has fallen proportion
etely. II is only organized labor that hai
held I'm rricos and n has dona that IN .u,,