Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1896-10-29
DE MONEY.

rANlA OAkL h-NSH VI C-NA-
Money is the blood of commerce, the lifegiying fluid Of
civilization, the vital organism Of our social existence.
You can do without wheat. corn, beef, or any other single
commodity classed among the necessities of life, and
yet be healthy and happy; but you cannot imagine your
self a part of civilization and do without money. With
out money society would go back to barbarism. 1t is one
of the most important factors we have i'll civilization,
and NAV well be termed the blood of civilization. 1t is
an Indispensable necessity to civilization.
One of the rules that should be applied to any neces-
sitv is that there should be n normal quantity of it. There
is n necessity for so much bread. There is also a neces-
sjty for n normal supply of money. II there were laws,
other than the la ws of barter, encOura ging the hoardlnS
of wheat. that operated to store it away in elevators
while people suffered for the want of it, you would be in
favor of repeating those laws. If there was not enough
Of it raised to feed te people, You would be in favor
Of raising more of it. II we have laws that encourage
the boarding of money, the greatest of necessities, and d.
vertinc il from the channels of trade. by which the PEG
pe and the nation are made to suffer for it, and 10 pay
blackm~x in order to get it. you should demand the re
neal of those laws. (Applausel And. if there is not
enough mOrey to answer the normal requirement, you
should see that more money is made. You should not
leave it TO a selfish class to say what those laws should
be.
MONEY IS MADE BY LAW.
A cattle man in Kansas who owns 10000 head OF cattIe
knows that if one-half the cattle in the nation were
viped out of existence his 10000 head of cattle would be
wertb far more to him after that calamity happened
than they are worth now. The money dealers know
this nrincipie ana they apply IL 10 uSl"SH
Cattle are raised by nature and the supply is regulated
by tile demand. All are free to raise cattle who wish TO-
Int money is an artificial substance ana Is maze Dy law.
rho money dealer knows this and he goes where the
nancy is made and gets those laws made TO suit his bllsl-
ness. 1t would be a great temptation TO the cattle man
if he had the power TO destroy half the cattle in the
world. Tue temptation has been too great Tor the money
dealers to resist. tApplauseJ
VIA IL TO L leans
gold standard business man, proprietor of a large
n.nufactory. recently asked me what IL 10 l meant. l
concluded that l would find out what he thought 1t
meant. asked him. He replied; My understanding
is tbat YOU people want sixteen silver dollars coined to
everv cold dollar Uaushter) This was an average
business man. As a rule. they have been studying their
ORDINATIONS. and know but little about the laws that pro
vide US with money.
What il means is TINS: Ii means the Tree col'"iSe Oh ON
metals. with the pure gold in the gold dollar weighing
,anr-SfXtecnth as much as the pure silver in the silver
dollar. What our forefatherS meant when they sad 10
n " that it took sixteen gold dollars 10 weigh as
r,uch rs one silver dollar. 159S to l is the exact ratio, but
ve saw 1G TO l for convenience. AT this relative weight
tha two metals to be coined into money as it comes to
the mint, and is banded back to the person bringing the
uot,I II does not contemplate an equal proportion. dol
for dollar. Of the two metals in circulation as money.
There may be little of one and much of the other. or vice
yrrs, Or none of one. and all of the other. The ratio
of 16 70 l simply has reference to the relative weight
OF the dollars coined from the two metals.
~IMETALLIS DEFINED.
Rinetarism is the right to use either cf two metals for
,,n,,v-oOId and silver. The essential principle in bimet-
o2lism is the right TO use either metal for money. Under
Surh i law. if our trade relations or the laws OF other
, ,tiops take our gold away, then we have silver. and no
ser;,,,s injury occurs. And the same saving principle
,nn,ies IL our silver should leave and gold remained.
rrbs vital principle in bimetallism is the right to use
either metal. II production grows less of one, We have
rhe other. and the two together furnish a more stable
.pnnIv OF money than either alone can furnish. With
AMY of them for money, the contraction and eX-
mansion of the worlds supply, alternating as they viii,
makes an uncertain and unstable supply. OF the two
metals. dollar for dollar, sixteen parts OF silver 10 one
of cold. silver is the most useful of the two, is applied
10 the most uses, and is the most serviceable to mankind
OF the two metals
Under free coinage of both metals. silver and gold
are in competition with each other TO supply the de-
mand for money. So long as pork and mutton are in
with beef, for meat, beef cannot rise IN
duly in value, and threaten the health of the nation. And,
gold could moi, as it is doing now, rise in value and
threaten the credit of this great nation if silver were
in competition with it as money. (ApplaUse)
The idea Of relying on two metals for money, rather
than on one, and thus having one relieve the strain upon
the other, is taught US by the simple law Of nature. We