The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1896-07-09
MANITowoc, Wis, July 9th. 1896.


silver men ask for a special privilege.
You admit in your answer to my question
and also admit that the gold men with
their 200 cent and still increasing dollar,
have special privilege.
You however state (my questisn was
not in that direction) that this special
privilege extended to gold is unavoidable.
On that l disagree, for the reason that,
in my opinion, it can be avoided as soon
as the American policy of independence,
1776 like, is adopted for it does not follow
that because other civilized countries
have gold (or silver as their basis OF
money, the United States must also stay
in the same barbarlc rut gold and silver
AS money is a relic OF barbarism) any
more than the United States should have
adopted q monarchial form of govern
ment in 1776 because other civilized
people permitted such.
/ The value of gold is established by law,
therefore the commercial value to the
value of coin will not fall below the price
that Is 22.3 grains of gold hos the value
of one dollar in this country, the value of
money however is regulated by demand
and supply" if the supply of money is
greater then the demand for it, It's value
/ depreciates whether such money is made
of gold, silver or paper; if the supply of
money is less then the demand for il, It's
value appreciates whether such money is
made of gold, silver or paper, by taking
/ only gold as basis of money, scarcity
/ OF money is created and an extraordinary
/ demand for both gold and money. This
/ does not increase the value of gold to the
dollar, that remains by law, 22.3 grains
/ but such money to every thing else, in
other words money monopoly is estab
lished which will be controlled by few
/ for the interest of few and will assist
the already rapid accumulation of wealth
/ in the hands Of a few. To prevent this
some say: We must give equal privilege
4 to silver: this will cause a greater supply
of money and prevent the gold dollar
/ froGl further enhancing in value COM
pared with other things.
! Now, L am opposed to special privileges
, to any one citizen or class of citizens if 1t
can be avoided ard therefore / join issue
with those that say: "The government
should issue all money direct without the
intervention of miners anu bankers, this
money should have the same basis as
! that of our bonds which is the whole DO.
| session of the United States and includes
all the gold and silver and should be
made payable for all debts pu0lic and
private" This would give the money
/ monopoly to all the people, it would be
monopoly on a similar plan as that,
which the United States has, IN managing
the post office.
! The money should be brought in circu-
latlon by purchasing railroads, mines,
&c. &c. OF gold and silver mines were
owned by the United States, the coinage
of that product then, would give no class
special privilege or advantage as you
say Is unavoidable)
The common objection to this kind of
money Is: I've want gold, to do business
With other countries CA high protection
list will always be the first wanting gold
TO do business with other countries. J
What will hinder those, who want gold
from buying all the gold they need them
| selves, from the miners or whoever has
it, they will be only too glad To sell as
they need money TO buy provisions &c,
From above do not infer that believe
the money question TO be the only cause
that produces the present revolutionary
condition In this and every other country
talthough 1t IS the ca-se that revolution
ICES our present political parties) and is
worth while to consider nay! The main
cause is the accumulation of wealth In
the hands of Il few, money monopoly will
only assist this causes degradation of
humanity and will destroy the liberty
and equality of the people and ell
There is only one remedy and that is;
The collective ownership by all the peo-
pie, of the means of production and dis
trlbutlon.' by which at the present time
Is meant, when an industry becomes SO
centralized as to assume the form of a
trust or monopoly and hence a menance
to the best interest of the people such
industry should be conducted by the
government for the interest of all the
people.)
Now If you Mr.. Editor are consistent
democrat, which you claim to be. ioin rs
IN bringing about equal rights to all
special privilege TO none"
Thanking you for the attention you
gave my question and for the space. I
hope You will kindly allow this communl-
cation in the Pilot" | am your for
American Independence and Progress.
HFSRy SToUzp