Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-05-30

dollars. contained in primary, actual or
redemption money one half. This re-
ductioD in the supply of primary, ac-
tual or redemption money, while the
demand for primary, actual or re-
demption money remained as great, or
greater, than before the demonstration
of silver, destroyed the former equation
between supply and demand as regards
primary, actual or redemption money,
together with all other kinds OF money
interchangeable and redeemable in pri-
mary, actual or redemption money on
the one hand, and property and labor
on the other The natural effects of
this contraction Of the supply OF pri-
mary, actual or redemption money one
half, the demand for primary, actual or
redemption money continuing as great,
or greater, than before characterization
of silver by reason OF the increase in
business, is to dishonesty, artificially
and unnaturally appreciate, or increase,
under the natural law of supply and
demand, the exchange power or pur-
chasing value of the gold unit, or
dollar, as compared with property and
labor, including the quantity of metal
contained in the silver unit, or dollar.
We are now measuring, under the law
of supply and demand, the exchange
value OF the quantity of metal in the
silver dollar, as well as all other kinds
of property and labor, by the suAoly
or number of units, or dollars, contain
ed in this dishonest, artificially and I'M
naturally appreciated gold dollar, or
unit, instead of measuring them by the
supply or number of units, or dollars,
as contained in both gold and silver, as
primary, actual or redemption money
as prior TO the decentralization of silver.
We have. in fact. by the dsmonetiza-
ton of silver. which contracts one-half
the former supply or number OF units
in primary, actual or redemption mon
ey, created an entirely new and differ
ent standard measurement of exchange
values (the same as if the law should
suddenly declare the yard stick should
be " in stead of sc inches in length,
and all prior debts being payable by law
in yards of property by destroying the
former equation between supply and
demand with reference to primary. &C
tual or redemption money on the one
side and all other kinds of property and
labor on the other, including silver, and
silver, in consequence being reduced
from standard money metal to COM
modify, The same as other commodities,
is measured and exchanged. under the
system of exchange values, by the new.
different and appreciated gold standard
measurement of exchange values. The
standard or system of exchange values
is entirely a creation of the law, in or
der TO measure and exchange honestly
between man and man, the relative ex-
change value, not the intrinsic value.
OF property and labor, based upon the
natural law of supply and demand.
Property and labor PRIMARILY are the
base of money. and the money is only
used as to measure the relative value,
under the natural law of supply and de-
mard. of the property and labor ex-
changed. The gold standard does not
increase existing Indebtedness as legal
IN expressed in dollars, or units. but it
does increase existing indebtedness
very largely as measured in property
and labor without corresponding de-
crease in the cost of production. These
are the true reasons why we have to-
day the so-called fifty cent silver dollar
and the so-called one hundred cent gold