Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1896-03-20

ID. FREE TRADE, Or hEUlPhOCiTf WIFI
ALL BIMETALLIc NATIONS.
It is clear to the simplest, as wei
as to the greatest. mind that the pres
emit low prices of all commodities il
the result of the scarcity of metallic
money, or the money of ultimate re
demption. There is now no such
money in the country but gold, and
of this There is not annually pro
duced in the country the one-fOurth
part enough to pay even our indebt
edness to England for interest alone
How then, can we obtain gold for
the people to useY There is none
left in the country and being on a
gold basis is an entirely fictitious
and imaginary position. We are not
in reality on a gold basis at all, but
while pretending to be so, all our
home and much of our foreign trade
is transacted by barter and through
the use of paper and silver. There
is no gold to carry on business with
and we are compelled to do it in
other ways by mutually agreeing that
silver and paper are mOney-or in
ether words, on fiat money, because
legally there is no other money but
gold and all we produce Of this metal
will not pay the annual interest of
what we owe England, much less the
principal. How absurd, then, it is
for anyone to pretend that we are
doing business upon a gold basis |
II is not done and cannot be done.
What objection, then, can there be to
again legalizing silver money, the
money that has always been the con-
stitutional money of the Nation from
its origin up to 1873 when the great
fraud of demOnetizing it was com
mitted, / was about to say by Con-
gress but it was by the deceitful cor
rupt and selfish manipulation Of the
plutocrats OF our great commercial
cities who owned all the gold and
the bulk of the government bonds,
who used Congress to double the
valuation of their bonds at the ex-
pense of all other commodities fthe
Nation. They putgold up by put
ting every other commodity the
country owned or produced, down.
Gold being scarce, and all other
money destroyed by law, its relation
to wheat, corn, cotton and other
things was so changed that two BUSH
els of wheat Was required to buy or
procure a gold dollar when before
one bushel was sufficient. So it is
with all other things including labor,
twice as much for the dollar as ever
before. This is the reason our farms
will not sell for half their cost to-
day. Farmers are ruined for the
enrichment of the bond-holders and
the gold owners.
But poor, simple-minded people |
who know little or nothing about the
subject exclaim for "bonest money. F"
This is the cry that has been put
into their mouths by their pluto
cratic deceivers. 1t is cry of de-
fusion, and all who utter it are de-
luded. The most dishonest dollar in
the whole universe is the gold dol
lar, because there are promises
abroad in the world to pay billions
of them while there is not teBth |
part of this amount in existence and |
no possible means OF obtaining the
metal to make them out Of The ex-
istence of such paper promises is a
lie; living. con tinuous lie.
Silver, just like corn, has gone
down in price in relation to gold, be-
cause it has been demonetized by
law. Corn has sunk in value, in re-
lation to gold from seventy-five cents
to thirty-five cents; so has silver be-
cause it is no longer money, but
like corn, or wheat, or
cotton. But these things have no
more gone down than gold has gone
up. Gold now is the only legal
money and it is scarce and conse-
quently high, so that 1t takes now
two bushels of wheat to buy gold
dollar where formerly one bushel
would buy the dollar. Silver is a
commodity now and not money,
therefore like all commodities it has {
appreciated in relation to gold; gold,
.he only money, going up in the
,ame ratio as commodities go down.
I'D then is the dishonest dollar be- {
,ause it requires two days work to
,btain it where formerly it required Q
nut one. 1t is stealing from the
,oor for the benefit Of the rich and b
ne rich call it "honest" and expect '
he poor to repeat The ery.
Huk osAeEa aaEsxon want % anrich ! .