Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-10-14

Statutes bolster gold. They prohib-
it all other precious metals from en-
tering 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
tix 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 Ak your value;
we are enacted to create demand for
you, by saying that you alone, of moro
than go precious metals, shall be used
as standard money. The other must
depend on the arts and industries for
their demand and value. Heretofore
we have allowed silver to compete
with you, so that when the creditor
boarded and cornered you the debtor
might turn to itand lessen the demand
for you and increase the demand for
silver; but now we will strike down
silver, and thereby increase the de-
mand for you and initiate your value.
In this way we will make you dis
honest money, that will 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 producer. In volume you are not
sufficient to supply hundredrh part
of the money needed in the business
affairs of men, vet 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 which grow
wider and wider, and your statutory,
fictitious value will grow greater and
greater, while the value of all other
commodities will surely grow less and
less"
Every monetary statute enacted IN
this country during the last IS years
was for the purpose of filching values
from property and giving it to gold; to
rob the American debtor and paoducer
fot the benefit of American and Euro
pean shylocks. AS an example of such
tendencies, recall that when Cleveland,
in his message to the special session of
congress, informed the people that his
administration would be forced to issue
bonds to buy gold, he told congress in
that message that if it would repeal
the law which required the bonds is
sued by the United States to be made
payable in COIN, reserving the people
the right to pay in either gold or sill
yer, and pass law authorizing him to
issue bonds payable, principal and in'
terest, in gold only, that the investors
would take such bonds at per cent.
per annum, but if he were compelled
to issue bonds payable in coin, as the
law provided, investors would demand
per cent, and thus cause the people
to pay on the bonds in contemplation
of issue, over 811, 100000 per annum,
for the full term of the bond issue, for
the privilege of retaining the option OF
paying said bonds in either gold or sill
yer.
Congress refused to repeal existing
law, or enact q law authorizing the
bonds to be made payable in gold
alone. Hence the bonds issued by the
Cleveland administration were made
payable in coin, reserVing to the gov
eminent the option to pay them in
either gold or silver, as is reserved the
option of paying all other bonds ever
issued by the United States.
And now it is sought by indirection
on the part of the Mckinley admins.
tration to bring about a condition that
will cause these very bonds to be paid
in gold alone, Notwithstanding the ex.
ira per cent that was deliberately
charged because the people desired the
option of paying in dollars of either
the one metal or the other.
In such transaction the people are
not only robbed of the extra l per
cent per annum, but they are being
forced by the single gold-standard the
DRY to add TO the principal of each
bond at least 30 per cent This is rob.
berry of a nature that would make the
transactions of the Younger, James
and Dalton gangs eminently respecta,
bic.
1t was meant to teach him by thiE
picture that bimetalism would cause
the price Of all commodities to rise so
that labor and all products Of mans
industry would double in price, and
that therefore products and property
would buy two dollars where before
they would buy but one; and it was
argued that labor would be the last to
receive the benefit of this rise, aud
would therefore be injured.
Famine in other countries has been
the means OF demonstrating to our far
mers the advantage of an increase in
tho price Of food products, and they