Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1896-09-30

have two relieve the strain upon the other.
two for the reason. obes the lungs,
physical is dual construction. We have
head but two lebes the brain: body but two limbs
to support it. Bimetasm was financial system,
but based on two metals
WHAT MONOMETALLPSM is.
The right to only metal rs primary money. as
is the law now. is monometallsm. 1t is like with
one arm, one leg, one lung Accommodation is
lung monetary system. We called silver men, but
that does not it, If gold had been demonetized
we would have been called gold men. We in favor
OF the Of both metals.
We do not pretend to claim that better financial
tenn may be established by the wisdom of mankind
but do that to demonetize either of these metals
is step backward and not step forward (Appause)
Bimetallism is the right either both of two
metals Only one may be in use at time or partially
and mostly the other If scarce, is
nered 10y Speculat tors may the other. II under
bmetalliSm, is in than the other it is be-
it is the most accessible, and this fact may
monetary system If gold leaves and goes Eu
under bimetaism, it does not hurt It, gold
would. in such with silver taking its place with
usl to swell the supply of primary money in Europe
and increase the price of products in the worlds
and thereby increase the price of exports in those
markets. Under bmetallism. the expectation of
gold does not hurt Under gold monometallsm it's
expectation deprives us of the OILY primary money
have Applause) Bmetallism is the right either
metal as primary money. And that the law up to
1873.
OPTION OF THE DEBTOR
Under this bimetaic law the debtor the option Of
which of the metals lie would pay in Thus the de-
ma4ld was regulated by the debtor The government
exercised the same option it's creditors. The de-
mand thus applied the metal that was most pen
tiful. If silver became the cheaper by slight
ton, the demand thrown it. thus restoring the
parity between the metals If gold the cheaper
it used, and the demand brought There is
better recognized principle than supply and
demand regulating values 1t the law o which hi
metalsm adjusted and it sefoperative the
option given to the debtor who would always put
the demand the accessible cheaper metal
and this prevented any material huctuation in
mercial value of the two metals.
SUPPLY AND DEMAND.
To understand effect the deman nd thus shifted
by the debtor it is consider supply OH
which the demand operates. All the gold in world
coded be $4 0000OO000. That you may more readily
understand what this quantity of gold means L will
state that if it all cast into block would 20
in the cube Of twenty-five feet 1t could stored in
single bank building in this city of Springfield and
leave ample room for the transaction of all business
Of the bank building in which it You can
make calculation this you ha We your
boys make it for you Take $50 gold piece YOU cal
find Qaughterl and measure it, allowing
for alloy and will get the result have
take the weight of cube foot of gold 10 25S
ounces multiply the number OF by the number
of gold dollars in ounce. at % .: grains gold to
dollar and you will get the dollars in cube
foot of gold. Ely dividing the number of gold dollars in
cube of gold into the 81 OF gold in the
world available for use money, you will get the
result have STATED. tAlr Harvey here handed by
the U. S. Express Companys agent $500 In $50 gold
pieces. and he made the calculation a blackboard in
the presence OF the audience 1t money drawn by
him from the bank for the purpose.)
SILVER IN THE WORLD
All the silve the world, available for use as money
is like II, conceded, $4,OOOUO0UOO BY SIM
liar process vi calculation il will found that il win
gu-all silver in the world available for us. ~
money-n the Cube of sixys feet This is the supply
of the metals in the world which the demand
debtor would operate, at the present time IL we
had bimetallisfn.
considering, therefore, the enectof bmetallic In
given by unsefsh wisdom forefa theirs we
apply law of supply and demand Under this law
the TWO metals varied in commercial parity more
than per cent and this slight fuctuation or oscillation
was elasticity that bmeallic system gave to our
finances basel thereon.
FLUCTUATING SUPPLY OF THE METALS
From 1892 the date OF first coinage act to 1850 the
worlds supply Of the metals 81 Of silver to 81
of gold Or by weight the worlds production Of the