Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-08-07
"hoMEsrr MONEY.
Gold Hss Doubled tn v,lue whu, silver
tlas kemalned q bnut thn snn,a


Is, In purchasing power COMPARED.
with the gold dollar OF ls73 the cold
ooilar OF lSV6 rs worth nearly goo cents
Men DO not manufacture dollars for
themselves; they produce other thin0s.
ana the things thus produced they ex-.
change for dollars" In other words
they buy dollprs with commodities
and they now have TO give twice aS
many commodities in exchange for n,
dollar rs they did IN 1873. On the Other
hand, silver has maintained practical
stability of purchasing power. and an
ounce OF II will exchange for very,
nearly the same quantity OF commodi-
Ties us II would in the year last named.
Briefly stated, gold has doubled In
value, white silver has remained very
henriy the same And yct the hon
est money people, claiming 10 repre-.
sent the financial Intelligence aud In
tegrity Of the age, stand ND In tbey
p broad liyhto of day and la defiance OF
e~ory pSnripio Of nstural Justice, as.
we'll as OF common sonse. vociseroo,lV,
claiming that the 200cont dollar Il the,
"honost~ dollar aud that the silver
dollar Is only worth 40 centN
How long will the American people
permit themselves. u be fooled by such
rotr II the rcld dollar had quadEupled,
( In value, or had Increased ten-fold, the
champions Of that swollen, distorted
and cXtOrtiounte dollar could and
would be making the Same preposter..
GUS claim.
We are perfectly familiar with tho
goidite's answcr tn this With endless
reitorution he declares that no harm is,
done, because II mau must sell for
less, he can also buy for loss, aud thus
keep even. Can hep How much hns'
Mr. Clevcland's snfary beon reduced2
Or MIR Carlislo's2 Or n. Uuncd Statesi
senator's2 Or the salary OF any other
public oflicial9 How mnch less does IL
cost TO run the United States govern
ment, snyipg nothing about bond
issues to ma ntain gold reservo2 How
much have taxes been reducod2 Hows
much have the notes aud bonds of the
country been discoupted because of,
TN" gre1ter value OF the money In
which they must now be paldp
IL the man who raises whcnt or cot
t"n, or produces iron or wool. can
keep even" on his lossos ny making,
rs pnroenses more cheoply. how about
the man who loaned IA dollar worth,
iOo cents and now collects one worth
twice as much? Does he not "A great
deal more than keep evcuP Does he
not In fact double his moucs2 And II,
So, does he not neceSsarliV 10 Il 70 the
detriment 81 somebody else2 49,.
II money grows Ia velue g. 1. net os
plain as light TINT the mon ,1h0 owns.
or controls great deal of it has an
advantage over those who have but
p'tle OF IL, or none az all2 WA IA ba.
seriously claimed that To double tho
wealth of man who has 81. 600 Oo3 In
money, by doubling its purchasiny
; power. VIII add anything Ia tho worid's
real wealth? Surely not. Then II a
man wealth DC doubled in that wnv
Others must certainly loo by the same
process.
The argument Of tho gold monouo,.
ollist on this poiut bears upon i,s fac,
tho evidence OF insinceritv and even,
dishonesty. AZ 20 make money 'dcnrern
ooes no harm. why are they 80 certain
that cheaper" money will ruin THO,
country? II IL be sound argument 10
say that dear" money Injuries nobody
because the person who sells for "A low
price can also buy for "a low price. WHY
vs. not the converse equally true? If.
money be made cheaper, md as n re-
suit one has 10 pay higher price for
whht he buys, he can also get higher.
price Tor what he sells, aud thus ''lsecp
even. That Is the incxornble logic OF
the gold defenders position, bat he
either cannot or will not see it, Dear
money Is all ri9ht-thc dearer the bet
taF. hut cheap" money Is dishonest
sdih reinoaS The moment chenp
money Is mentioned he begins TO paint.
pictures OF people paying double price
for what they buy, and getting moth
T. xyh IA.
looking what ought 10 be self-cvident.
that when prices rise they no an for
both buyer opd seller The kernel OF
the whole question IS This: Higher
prices will beneat the producer aud
debtor; lower prices will bc 20 the ad-
vantage of the non producer and cred
tor, aud the champion of honest" (?ll
money Is always for the rich idler aud
against the Impoverished toiler, for.
ue millionaire money lender and
against the herd-presscd, struggling
debtor
But tho gold advocate says, neither
VIII the r-euaDsetizing of silver, mahiag,
dollars more abundant, add anything
10 the worlds. real wealth." Right
here his philosophy is at fault Ia the
hrst pincc, just and equitable cheap,
entn@ OF money will deprive the strictly
ia"neycd classes of the unholy advan-
tage which they now possess, and di-
VIDE wealth more equally by giving
the debtors aud producers a larger
slacc OF 1t than they are now getting.
La the second piece. by raising prices
sne increasing profits it will encour-
a9e nr stimulate production, thus
addiag enormously to its aggregate
and making, the world, as "a, whole.
Vas'iy richer The gold chslppion in~
sis;s ihs't overproduction is the,caase
OF the tron.le, ana all sorts of schemes
are proposed hy which production may.
DC Limited. just how production can
be limited without checking the in
crease OF the worlds wealth, no gold
standard economist has ever vet under
taken to explain. And vet il Is The
onsy remedy aGggestsd by the friends.
ot that system. --National Bimetallist
"b'So"S~d of Them IN hort 0rder~
Speaking OF the merits of the gold