Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-11-04

effective mint demand for the present
supply. In other words, the United
States, of all heretofore wheat export
ing countries, is the only one that has
an available supply for sale, while all
the heretofore exporting countries, in
addition to the countries that generally
import wheat, are buying IN our mar
ketS.
No. People,
Argentine is buying of US for her. 4.042.OOC
Austria Hungary is buying of US
Belgium IS buying of us for her s.Sss,s7s
Brazil is buying Of us for her,. g. ooo, geo
China is buying of US for her. .SeS 0O0, 0Oc
Denmark is buying of US for her.. 2,1S5,000
France is buying of us for her. 500, goo
Germany is buying of US for her. so o0O.0 900
Great Britain is buying Of US for
Portugal, Russia, Spain, Switzerland,
Sweden, Greece, Turkey, with their vast
populations, are all seeking food sup
plies in the United States, while India.
with a population of 2ss, 900, 900, of
which more than 10000, 900 have starved
to death in the last few months, is look
ing to the wheat growers of this coun-
try to supply food to prevent the abso-
lutte starvation of 90, 0OO, 900 more of her
people. For the lack of wheat enough
people this year in India have starved
to death to populate eight such states
as Kansas as thickly as Kansas is pop
ulated to-day. Crop failure in all the
countries mentioned, potato rot in Ire
land and famine in India have produced
the rise in the price of wheat.
On the other hand, but in obedience
to the same great law of supply and
demand, the closing of the worlds
| minis to silver, one after another, has
lessened the demand for that metal and
lowered its price-the statute law of
| most of the countries heretofore men
toned declaring against silver and in
favor of gold alone as standard money.
The fruitfulness of the seasons is in
the keeping of an overruling Provi-
dence, while in all nations statute laws
are the work of man.
In the last few months statutes have
struck down silver in South American
republics, Japan and other countries,
and put gold in its place, thus creating
a new demand for gold and doing away
| in those countries with the mint use
| or demand for silver-by statute in
creasing the value of gold and by stat
ute decreasing the price of silver.
= Statutes bolster gold. They prohibit
all other precious metals from enter
| ing into competition with it. None
| other can be coined as standard money.
All others must seek the general mar
ket and depend upon the uses available
| TO them in the arts and industries to
| fix their values. The statutes say to
| gold: "You need not depend on the
uses to which you can be put in the
| arts and industries to fix your value;
we are enacted to create a demand
for you, by saying that you alone, of
more than 60 precious metals, shall
| be used as standard money. The others
must depend on the arts and industries
| for their demand and value. Hereto
| fore we have allowed silver to COM
| pete with you, so that when the cred
| itor boarded and cornered you the debt
| or might turn to it and lessen the de-
mand for you and increase the demand
| for silver; but now we viii strike down
| silver, and thereby increase the de-
mand for you and initiate your value.
| In this way we will make you dishon-
est money, that win rob every debtor
| for the benefit of his creditor. As
| thief you will never cease to steal for
| the creditor by robbing the debtor and
cient to supply hundredth part of
| the money needed in the business af-
| fairs of men, yet the monopolies, the
trusts, the syndicates that made us
will so regulate that the gulf that lies
between the money necessities of the
world and your supply will grow wider
| and wider, and your statutory, fictitious
value will grow greater and greater,
while the value of all other commodities
viii surely grow less and less"
Bryan defines an honest dollar. His
definition suits us:
81 am on sound and scientific ground,
therefore, when / say that the dollar
approaches honesty as its purchasing
power approaches stability. If bor-
row $1,000 to-day, and next year pay
the debt with $1,000 which VIII secure
exactly as much of all things desirable
as the $1,000 which borrowed, 1 have
paid in honest dollars. If the money
has increased or decreased in purchas-
ing power, / have satisfied my debt
with dishonest dollars. While the gov
eminent can say that a given weight
of gold or silver shall constitute dol
lar, and invest the dollar with legal
tender qualities, it cannot fix the pur-
chasing power of the dollar. That must
depend upon the law of supply and de-
mand; and it may be well to suggest
that this government never tried to
fix the exchangeable value of a dollar
until it began to limit the number of
dollars coined"
A stable dollar, however. is not what
the money-lender wants, but dollar
whose purchasing power is constantly
Increasing.
But YOU answer: 81 am bimetallist.
know that the single gold standard is
against general prosperity, and so does
my party; and for thatreason the Plies
ident has sent a commission to Eu-
| rope 20 promote international bimetal-
ism" Ny friend, in international di-
plonacy. force is the only commission
that is recognized. Commissions are
not worth the paper on which iswritten
their delegation of authority unless
force is behind them. Tallyrand said:
Treaties are supported by powder and
BALL. and Bismarck recognized the
same principle which he said they all
rested on blood and IRON BY this is
not meant that bimetallism should be
established by physical force; but by it
is meant that we should say to the world
that we are ready and intend 10 freely
coin both gold and silver, and use them