The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-20
ge daiea ay Eagle Sunday gloriuo September 20 1895.

nually only the gold that is produced,
less what is used in the arts. In other
words, there is added only one-half a.
much as there used to be, while the
population is increasing at more rapid
rate than ever. The necessary conse-
quence Of this is and will be that if this
gold standard is maintained prices must
go on slowly and steadily falling
throughout all the years to come. So
that the decentralization Of silver tend
ed not to only reduce prices and thus
paralyze the enterprises and the indus
tries Of the world, but it also creates a
condition which must give US a slowly,
but steadily increasing paralysis.
OPENING THE MINIS.
'Opening the mints to silver will add
to the stock Of primary or legal tender
money and this win again be loaded with
credits which will make possible an in
crease Of business twenty times as great
as the increase in money. We some
times hear it asked: How will you get
that money into circulation? or what
good will this increase in money do you
If you have not anything to get it with.
II you have no property or any cola =
eral?' That question is purely Ameri-
can and shows that in some things at
least we are yet new.
1t needs but a moments reflection to
see that the additional money will get
into circulation just as the money that
is in circulation got there, and that
when men again coin silver bullion into
dollars or get certificates for it, which
are legal tender, which can be used in
paying taxes, which can be used in pay
ing duties at the custom house. which
can be used in paying debts, they are
not ging to let that money lie idle be-
cause it viii not make it profitable any
longer to have it so. Money will cease
approaching in value then and they will
go TO building houses, building shops,
building railroads, manufacturing and
doing business; they will start actively
In a Thousand channels and a thousand
fields. That will be the result. There
viii be an imemdiate demand for brains
and muscle. There Will be an immedi-
ate demand for engineers, for skilled
men, for clerks, for mechanics and for
day laborers, and instead Of laborers
being Obliged to tramp around over the
country in search of work they cannot
find they will be sought for at their
homes and requested to come over and
go to work The man who has nothing
to sell except his muscle Will find
marfiet for that muscle The man VINO
has nothing to sell except skill will
find a market for that knowledge and
very soon the whole community will feel
the vivifying and the e1ectrifying effect
of an increase of blood and vitality in
its veins
CHINA AND INDIA.
China and India have lately been held
I'D TO US as horrible examples of the
condition that we will reach If we coin
both gold and silver. I have pointed out
TO you the effects that a reduced vol
ume of money has upon the prosperity
Of a country, that, as nhe volume grows
smaller and smaller. the people sink
lower and lower. In China the amount
of money in circulation is only about
$3.50 per capita, in India about SO per
capita and while many things in both
countries and in other countries that
have but little money in circulation have
contributed TO the present unhappy con-
dition of the people, the most potent of
all causes has been the inadequate cir
culation of money, and if this gold
standard Is 70 be maintained for the
world, if as 1 have said, our population
IS to go on increasing at enormous rates
all over the world and the volume of
Of our country will be directly toward
the same conditions that exist in China
and India
LOCAL. CREDITOR.
But, says someone, if you add silver to
he volume OF money wild you not be !
njuring your own local creditors who |
nave money loaned out? / say no, en- |
oha ticaIly no. No creditor, be he banker |
An wild home
fit or profit by having universal bank |
ruptcy all around him. Every creditor, |
be he banker or merchant or private IN |
1ividual, does profit by having general
around. 1t opens new chan |
1els for his capital, 1t creates demand |
TOR his money and he profits by general
There is just that difference |
between falling and rising prices. Fall !
ng prices not only injure the debtor but |
f long continued they in the end destroy |
he creditor, while rising prices help |
he debtor by producing general prosper |
ty increase the prosperity Of the credt- |
or.
MASSES AGAINST CLASSES.
In all ages and in all countries the |
men who are in the wrong deprecate |
discussion. In no country have diShon- |
st policies sought the sun, and no or !
,anization of highwaymen has at yet |
,etitioned for electric hight. The man |
Who has no argument SeizeS the nearest |
.pithet and hurls it These observations |
ire singularly applfca ole to the gold I
standard movement. 1t is the hyena |
hat has sucked the blood of commerce
md left the PROSTATE form of labor
" the roadside. 1t has rendered this
latfon helpless, and when the people try
o learn the cause of their distress,
when an effort is made to diagnosis the
"a tient, then there Is a fierce howl. 1t
anne into the world with a Stealthy
read and rs seeking TO maintain itself |
" still more stealthy and dark deeds.
Every man who does not at once con-
EIDE TO II the sole right of travelling
lpon the highway is assaiied with
lerceness that is calculated to frighsen
he timfd and all others who are in any
gay dependent The gold standard peo-
lie find that the facts are against them.
hey are obliged TO resort TO deception
and sophistry to prevent the people
rom putting an end to this policy;
therefore,. they deprecate discussion.
Unwilling to confess the truth they
ak about rousing the masses, etc. The
ight is as old as human greed; as old
s human selfishnesS. For twenty years
'rior 10 1861 the slave power deprecated
iscussion, even In the north where there
we're no slaves, and they put their OBJ
ection on the ground that II prejudiced
he masses against the classes There
lever was Yet a wrong or a great abuse
'ut what objected TO investigation and
discussion. Prior 10 1861 the slave hold
IS were assisted by the hanging-on class
hat aggregation OF human beings who
re born 10 the obsequious. and today
he gold standard people are again
by the hanging-on class.