The Red Cloud chief., 1896-08-21

money which calls for redemption III
something else, therefore "intrinsie'
value and commercial valac do not
enter into money, aud MS soon as We
have "a financial system which con
forms to these facts we will be out OF
the clutches Of the "moncy changer
Mr.. Knight says, "thcre have been
disasters of the ages, much worse
made hy poor money than ever by fall
ing prices" viii he please give MS a
few instances. Mr. X. has never sen
any poor money neither va, lie ever
seen a "lifty five" cent dollar. On the
other hand, we have IN instance where
the sixty millions Of ur grccnbacks
which became money rose 10 u pre-.
MUM over gold
ANswERs.
First-I will answer Mr.. X, first
question concerning Mexico by asking
why is it that the United States, which
is on II gold basis has ~ gold in circu.
la,iong Gold is boarded because all
other kinds of property is dcpreciating.
Mr.. X. aud all other gold theorists re-.
fer to the little republic OF Mexico and
her conditions as proof Of the sound
ness Of their logic. Very well. ! have
before me two letters from Mexico
One is by the president of the Mexican
Central railway to Il friend in Kansas
City. He saws, IL would like to call
your attention to these facts. That
business failures in Mexico are almost
unknown. We have no strikes, such
rs are certainly disturbing commerce
in the United States. Such Il thing as
CoSy's army is never dreamed Of.
There is work for every II who wants
it at wages to enable them to supply
all necessary wants. Our banks are
paying from IA to II per cent dividends
per aunum. Manufacturing enter.
prises whose profits are known are
paying from 10 to 20 per cent and pri-
vate concerns who do not publish the
per cent of their profits are known Ia
be prospcring.'
The other letter j. from Mr.. otto
lleckclman, an American engaged in
business in the City of Mexico, to the
New York World. He says, "Irur,
Mexico today i, on II free silver basis,
but instead Of misery aud depression,
She presents to the world "a condition
of conspicuous prosperity unprccc.
dcutcd in her history believe these
answer the questions concerning Mex.
leo, so far as results 60.
Second-Om mortgages, stocks, etc.
that are made payable in gold can
more easily he paid in gold then than
now because gold will circulate; but
the just remedy will be "A rcconstruc-
lion of the federal court by men who
are not owned soul and body by cor.
pOratiOns, and a reversal of the decis.
ion which legalizes contracts which
call for payment in gold.
Third-lf there should be any rush
Of silver here at all, which there will
not be, it will only have the effect OF
putting gold in circulation mot at 4
.%"emium) Gold hides only in times OF
panic or war, then appears again when
not 50 much needed. Yet its advo
Gates ps oclaim it the only honest money
ALL other kinds being hypocritical and
dishonest. IL there was ever "A dishon.
est dollar ON earth it is The gold dollar
There have been already more prop.
erty and more homes destroyed by tn,
attempt 10 put this country upon Il
gold basis than w"r" DESTROYED hy tn,
late rebellion, and Gol only knows
when the end will be.
When viii tn" American people
arise and proclaim industrial iudrpcu,
icncc from Great Britain and plac,
themselves in n position 10 lcgisiarr foI
the great common people instead OF
legi>lating for the gold gamblers n,
they have been doingy
ID, II. CARPENTER.