Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-09-02

And why does he want commission
He has paid only half his election debts
He has paid the sugar trust and the
other beneficiaries of the new train
steal, but he has not paid his friends
in Wall street. They want the green
backs and the treasury notes to 60,
and they must go if they are to be re-
warded according to contract.
/ believe Mckinley has conscience
yet, but he must go on, no matter how
reluctantly. He would eva6e, or at
least divide, responsibility for this con-
templatcd monstrous outrage upon the
people If he can. Hence he wants
commission of business men.
wonder if the recent Indianapolis
business mems convention was not ar
ranged as a part of the presidential
programme. 1t was OPPORTUNITY held.
and the presidents message follows the
resolutions of the convention as one
act of a play follows another act. Ii
is like a sequel. No one can doubt
what such a commission appointed by
the president would advise congress to
do. 1t would advise what Gage adj
vises. And how convenient and how
helpful it would be for the president
to put himself behind the opinions of
this august body of millionaires.
How rapidly strange things come to
amaze US. Let US quote the president
again, when he says: Our money is all
good. The soundness of our currency
is nowhere questioned. No loss can &C.
cur to its holders" With such cur
rency it would seem that there could
be but one real question remaining,
and that the question of amount. Have
we enough? should be the only ques'
ton left. We could not now have too
much, for then the president would not
admit that it is so good. Nor do be-
lieve the president, although recent
convert to the gold standard-and new
converts are usually the most unrea-
sonable and impetuous-wouldc contend
that we can have too much good money,
the soundness of which is nowhere
questioned, and the holders of which
are free from all danger of loss. We
can have too little of such money, but
not too much.
An adequate volume of money in"
creases it's value by increasing its pur-
chasing power. In this view it roay be
said that the less the volume is the
better the money is. Increase of vol
ume lowers the purchasing power of
money, whether used to purchase Ia
Dor or labor's product. But as long
as our money is good, sound, etc.; as
long as it comes up to the Mckinley def
milton of what our currency now is,
certainly we have not too much. Now,
more, 1 hold it to be indisputable that
as long as our money can be kept up to
that standard, the more we have of it
the better for the country. Along this
line, few months ago we were con-
tending that we had not enough. We
were fighting for more. Now we are
brought to face this new issue, which
Mr.. Mckinley, under the inspiration OF
New York bankers, is bringing to the
front-not more, but less.
The immediate fight now on is not
to get more. but to keep what we have.
That is the issue Mr.. Mckinley and Mr..
Gage are making. That is a strange
shifting of scenes, isn't it? But thai
will be the issue until 1900.
And then?
The old fight over again-fercer than
ever, and, I believe, with a different
ending-St. Louis Republic.