The herald., 1896-10-24

the difference between the investors
income and expenditure accounts he
does not want a greater volume Of cir
culating money, for in proportion as 1t
was increased would commodities,
which are the product of labor, ad-
vance in price and thus keep a larger
amount of his income in active circula-
ton. In the light of these facts 1t is
easy enough to see how absurd 1t Is to
talk about so-called international BIZ
metallism. So long as we have to pay
trade balances to Europe, Europe will
refuse to agree to a monetary system
that advances the price of farm and
other articles of consumption by de-
priving money Of opportunity to de-
mand a premium on itself.
It follows, therefore. that the only
way this country can maintain prices
Of labor's product at a point where la
Dor would have fair and just compensa-
ton is by increasing the amount Of cir
culating money and making it obliga-
tory on the part of investors to accept
it for interest and dividends and also
obligatory on the part of commerce to
receive it in the settlement of trade bal
ances. This the Democratic party, by
and with the aid of the advocates of the
free and unlimited coinage of silver of
all other parties, proposes to do. We are
told that such a procedure would dis
turb the business situation and cast a
shadow upon the nations money. If to
give labor plenty of work at good wages
and to open up all the highways of COM
mercia1 and Industrial activity with an
ample volume of money to meet all the
requirements of trade and traffic would
be to cast suspicion upon the country's
money, why, let the shadow be cast, and
the quicker the better.
Now. the only question at issue is this:
The business world, as to the United
States, has not an adequate supply of
money. The consequence is that labor,
industry, agriculture and, in fact, all
are not only seriously handicapped be-
cause Of the insufficiency of money in
circulation, but what money there is
reaches the people through toll gates
which the syndicates have erected all
along the lines of business operations.
The people know that silver was put out
Of the way for the express purpose of
giving the money syndicates full con-
troll Of all money seeking the avenues of
business, to the end that they might tax
all lines Of business for their own use.
These syndicates produce nothing. They
wax fat upon the necessities Of the peo-
pie for money to carry on their several
vocations. The issue the people are
forcing Is, hence one that contemplates
increasing the volume of the nations
money to the full amount Of dollars
that could be coined under law that
would oblige the mints to receive silver
for coinage upon exactly the same terms
that are accorded to gold.
The people know by experience that
their business enterprises are in need
of Just that much more circulating
money, and they do not care whether the
material Of which silver dollars are
made goes up or down in price in the
commodity market. They know that
when the government opens the mints
to the free and unlimited coinage of sill
yer, all such dollars will have a full,
complete and an abiding value of 100
cents for the payment of debts and in
the transactions of current business op-
erations; and more still, the money of
the country would then be in the chan
nels of trade instead of in the dark
vaults Of money spectators.