People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1896-07-30

the boarding Of money, the greatest Of
necessities, and diverting it from the chan,
nels Of trade, by which the people and the
nation are made to suffer for it, and to
pay black nail in order TO get it, you should
demand the repeal of those laws. And, if
there Is not enough money to answer the
normal requirement. you should see that
more money is made. You should not
leave 1t to selfish class Of money dealers
to say what those laws should be.
Money Is Made by Law.
A cattle man in Kansas who owns l00M
head of cattle knows that if one-half the
other cattle in the nation were wiped out OF
existence his cattle would be worth far more
TO him after that calamity happened than
they are worth now. The money dealer
knows this principle and he applies it to
his business.
Cattle are raised by nature and the sup
ply is regulated by the demand. All arc
free to raise cattle who wish to, but money
is an artificial substance and is made II
law. The money dealer knows this and ha
goes where the money is made and getl
those laws made to suit his business. /,
would be q great temptation to the cattle
lLldll IL llt lldu Tic DOWcI " ucSlIOl ldll
cattle Of the world.
The temptation has been too great for the
money dealer to resist.
Bimetaliism Defined.
We believe that bimetallism, that relief
on two metals for money is better policy
than one that relies on only one metal.
We do not pretend to say that the intelli.
nf I'D e.
system than both of them, but we do say
that to demonetize either of these metals
Is step backward and not a step forward.
Bimetallism is the right TO use either
gold or silver as primary money. Thus,
under such law, If our trade relations OF
the laws Of other nations take our gold
away, then We have silver, and no serious
Injury occurs. And the same saving prin.
ciple applies If our silver should leave US
and gold remained.
The vital principle in bimetallism IS the
right to use either metal II production
grow less on one, we have the other and
the two together furnish a more stable
supply Of money than either alone can
furnish. With only one of them for money,
the contraction and expansion of the
worlds supply, alternating as they will,
makes an uncertain and unstable supply.
VI the two metals, dollar for dollar. l(
parts silver to one part of gold, silver is the
most useful of the two, is applied to the
most uses, and is the most serviceable Ia
mankind Of the two metals
The principle that it is safer to rely fol-
money on two metals than on one is a prin.
ciple that we carry into everyday life. We
rely on wheat, corn and rice for bread,
on beef, pork and mutton for meat. II one
IS scarce, We use the other
Under free coinage OF both metals. sill.
yer and gold are in competition with each
other to supply the demand for money.
So long as pork and mutton are In COM
petition with beef, for meat, beef oanno4
rise unduly In value and threaten the
health OF the nation. And gold could not,
as 1t is doing now, threaten The credit OF
this great nation II silver were In oornpetL
ton With II as money
You hear us called 'stver men" ASH
We were opposed to gold? We are callsi
silver men. because silver Is the metal de.
moheti7ed. and we are trying TO resore II
to equal rights with gold We are In favor
or putting the white metal on an equality
with the cdred metal To DO this, does moi
mean that we PVT the county upon q sil.
yer basis. 1t means the right to make pm.
mary money from aekSr metal, and In
this way one relieves uke strain upon the
other.
AS we have two eyes, ore 10 relieve the
strain upon the other: two esrs, one to re.
lieve the STRAIN upon the othor, and for the
same reason two openings IN the nose: tive
lobes to the tvngs. and two rc1zatckes to the
heart; 30 b eais s-sat necexssy for money
supplied ~ having two n1e<a&s, one to re-
lleve the strain upon the Other. And, hav.
Ing the right 70 use the eWp, does not NEAR
monometallism.
Whist Recommendation d.
The right to use only one metal as pri.
mary money. as Is tire trw now. Is mon.
ometalllsm. II is hhe man with one arm
one leg. or one lung. Ncnomctsllisrn is Q
one-lung monetary system.
Bimetallism Is the rfgiht 10 use either o.
both Of two metals. Only one may be In
use at q time. or partially one and mostly
the other. II one grows scarce, OF ks cor
nered by SPECTATORS, we may vee the other
II under bimetaliism. one Is 10 use mort
than the other, It is because 1t Is the mos,
accessible, and this fact mag save oui
monetary system. II gold leaves US and
goes to Europe. under bimetalism, It doe,
not hurt us. 1t. gold. would IN such case
with silver taking its place with Isl, q
to swell the supply Of primary money In
Europe and increase the price OF products
in the worlds markets. and thereby in.
crease the price OF our exports 10 those
same markets Under bimetallism, the ex.
portation Of gold does not hurt Us. Under
gold monometallsnl Its expectation de-
prives US Of the only primary money metal
we have Bimetallism rs the right to use
either metal as primary money. And that
was the law up to lSS
Option of the DebeoN
Under this timetable law, uhedebtor had
the option as to which Of the two metal.
he would pay In. Thus the demand wal
regulated by the debtor. The government
exercised the same option as to lis cred
itors. The demand was thus applied Il
the metal that was most plentiful II sill
yer became the cheaper by slight fiuctu
alton, the demand was thrown upon II
thus restoring the parity between the tive
metals. If gold was the cheaper, 4 wa
used, and the demand brought Il back
There Is no better recognized principl,
/ than the law Of supply and demand reg
ulating values II was the law to which bi
metallism was adjusted, and 10 make
self-operativs, the option was given to tn
debtor, who would always put the deman,
q the more accessible or cheaper metal
and this prevented any material huctua
ton in the commercial value Of the tw
:. metals.
We have had the effect Of this law in tn
a official report. Of governments foi 20 year
!, prior to 1873, ard the fiuctuation, one della
!. as compared with the other, was never
J. exceed three per cent
I What sixteen to One Means.
u Under this law, with US, sIlA grains Q
# pure silver were put in dollar, and, q /
y grains Of pure gold weresput In dollar.
U gold dollars to weigh as much as one 81
/ yer dollar That is what sixteen TO on
d means In other words. anyone hringin
l. s7lA grains OF silver to the mint had
d coined into dollar. and anyone brinsln