Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1896-10-15

Cne DallOOn as IL goes OuI OF slSnC.
We want to bring the gold dollar
down, we want to get this dollar
down to earth again, where instead
of soaring above the people it will
pass among them and do the work
that money was intended to do.
Why, if they are going to have the
gold standard and dollar is to 60
on rising in value, if they are
going to have gold standard SO
that the dollar will keep on
devouring more and more of tho
products Of labor, then, my friends,
I think We ought to change the
emblems on the dollar and make it
show it's real character.
Take away the emblem of the
Goddess Of Liberty and E. Pluri-
bus Unum, and substitute the
efigy of the horse leech and under
it write 'Egive, give, give" On the
other side an open grave and over
it take another suggestion from
Solomon: 1T saith not, It is
enoughw That describes the gold
dollar, because my friends although
that gold dollar will now devour
twice as much as it did twenty
years ago its hunger is not satis-
fed. It wants more. It is all
appetite.
My friends, what is an honest
dollar? Not dollar that rises con-
stantly in value. And those who
have been calling the gold dollar
an honest dollar either do not
understand what an honest dollar
is, for if they understood what
an honest dollar is, they
love that the more as it
becomes more dishonest. An
honest dollar is dollar that will
preserve it's averaging purchasing
power-don't understand me to
say that you can prevent fuctua.
tions in relative prices-because if
there is an abundant crop Of wheat
this year, and small crop next
year, there will be difference in
prices even under a just standard.
An honest dollar is dollar which
remains stable in it's purchasing
power. A dollar which buys too
much is just as dishonest as a
dollar that buys too little, but the
advocates of the gold standard re-
gard it as an honest dollar because
Of those who support it. These
are the ones who stand behind the
gold dollar and they profit more as
the gold dollar goes up, and their
idea of honesty is anything that
helps them, and their definition of
dishonesty is that which does not
help them. How can you keep
the purchasing power of the dollar
stable? How can you keep it un-
changeable? Simply by having
enough dollars to keep pace with
demands for money, enough dollars
to keep pace with the population
and industry. We are not having
that now throughout the world.
The legislative demand for gold
has raised the price of gold and
shutting the mints to the free
coinage of silver has lowered the
price of silver and thus you have
driven the metals apart, and
then having given gold
monopoly of mint privileges.
You turn around and wonder
why it is that gold has lowered
above silver. Put them upon an
equal basis and let them 60 to the
mints side by side as they used to,
and such legislation will decrease
the demand for gold and lower its
price, and increase the demand for
silver and raise it's value until they
meet at l6 to l as they were be-
fore.
Our opponents say, supposing
denomination was wrong, that it
would be wrong to change it and
go back. I say we are not through
with the evil effects Of the gold
standard We have not reached
the end. We have not got to the
bottom yet, my friends, for no
matter how far you go under the
gold standard; no matter how long
you sink, below you there is
another depth that is yawning to
receive you. There is no end to the
gold standard. If you make that
the only object to be desired
all mankind will stand around and
bid for gold, and that man who
will offer the most products OF
human toll will get the gold, and
until somebody is willing to offer
more than he. That is what it
means. It means that gold be-
comes our God, that money be-
comes the master. The few who
hold the gold grow rich and those
who own property and must change
~ for moDav orOw moor The rich