The Indianapolis journal., 1897-11-25
THE LATEST MIsINFoRMATIoN.

Our money is based upon the bonds of the
government paying and per cent. inter-
est That would not be so bad if the money
with which to pay the interest on these
bonds was collected from the wealth of the
country, but it is not; it is collected from
the labor and the poor of the country by
imposing a duty of cents on tin cups and
like articles used chiefly by the poor.
This and much more in the same vein was
spoken by a young man on Broad Ripple
car the other day. He was not an unintel-
ligent appearing person. and there was no
other indication of insanity about him
than in his remarks from which the fore
going is quoted. He did not appear dem
agogue, but person who honestly believed
what he was saying. Such an unbroken
tide of misinformation is phenomenal.
Where did he obtain it? Is it possible that,
presuming upon the impotency of the best
public school system in the Nation, new
set of knaves have started over the coun-
try to create a new crusade for a debased
currency? There are in the country
limited number of persons with that alert
ness of intellect in some directions which
is noted in those mentally unbalanced who
really believe, against history and world
wide experience, that government can coin
money with printing press in unlimited
quantities which will be as good as the
best. But, while these persons exist, there
is reason to believe that the number of
people who believe such a heresy is very
small compared with that of fifteen years
ago, when fiatism swept the country like a
prairie fire. Fiatism has been substituted
by a heresy nearly as fatal and less honest
the free and unlimited coinage of silver.
1t is not worth while to waste space in
exposing the ignorance involved in the
young mans remarks. His TRADE was di-
rected against the national banks The
dimensions of his ignorance are indicated
in the fact that the circulation of the ma
tional banks is $215, 100000, while the total
of money in the country is $2,22O,0 900. The
standard silver dollars are more than twice
the amount of the notes issued by national
banks.
The Scent tax upon tin cup seems to be
a revision of that Ohio falsehood told by
Democratic agents in 1890, who, under the
guise of tin peddlers, demanded a double
price of country people for tinware because
of the then recently enacted Mckinley law.
1t seems impossible that any person who
does not insist upon being ignorant can be-
lieve that tin cups or tinware have been
imported to this country in recent years so
that the duty would be added to the foreign
cost. As matter of fact, the increased
duty on tin in 1880 did NOT enhance the
price of tinware, while the present effect
of it is an abundance of American tin plate,
now selling at a lower figure than it did
when the British product controlled the
market of the United States. Tin cups and
tin dinner pals were never cheaper than at
the present time.
Is it possible that the pestilent dema-
gogues have devised a new set of lies along
the line of the remark quoted and have
already taught their dupes to parrot them?
It would be interesting to learn from differ
ent parts of the State if this story of the
money and the tin cup is the latest output
cf the political fake factory.