Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-17
DEAR MONEY BKINES LOSS AND SUI
FERING.

ly, edited by Col. c. l.. Poorman, OF
Bellaire, having among its contributors
financial writer's of national reputation,
is one of the ablest and most forclble
publications of its kind in the country.
In the current issue is an article based
on news item from the Chicago
Tribune in regard to the visit of Mr..
Bryan to Mexico. After describing the
enthusiastic reception of Mr.. Bryan.
when he reached Mexico, the item adds:
Before leaving San Antonio, where he
spent four hours this morning Mr.. Bryan
changed $500 of American bills INTO Mex
lean money. He received of the latter
81, 900 and forcible cheap money object
lesson
mo one" comments the Bimetallist,
disputes the proposition that our mon
measured in it's purchasing power, as
the Mexican money is, but there is very
serious doubt as to whether the advan-
tage, because of this fact, is with the
Americans and their country. Twenty
five years ago there was no such differ
ence in the relative value or purchasing
power of the money of the two countries.
They were exchanged about even, and
in their purchasing power were equal.
Now, either our money has become
dearer, or more valuable, or the Mexican
money has become cheaper, or less val
liable. If our money has become dearer
requires those who want it to give
more of the products Of toll for it than
formerly then it's approaching value
has compelled every debtor, every tax
payer, every holder of an insurance pol
icy, every contributor to church, secret
society, or benevolent purpose, to pay
more, measured in the value of pro-
ducts, in which they must all pay, than
before the increase in the value of
money. and these classe.s- constitute tho
great majority Of our people, there can
be no compromising benefits to credi-
tors office-holders, and annuitants
that can, by any possibility, justify the
wrong and robbery inflicted upon these.
lWCAly yOdIo dSO, duuS Jul
Ohio contemporary, "the Mexican dollar
bought about about as much of the pro-
ducts of toll as it does now, and even in
this country it buys about as much now
as it did then so that, measured in its
purchasing power in the products of
toll it is no cheaper now than it was
fhpp while bo doll will
plrcl ase nearly twice as much iron,
cotton cloth, clothing (notwithstand-
ing ten cent tax has been placed upon
wool to secure the farmers vote) steel
rails, and even wheat when there is not
crop failure, and all other products
unless the prices are arbitrarily con-
trolled by trusts and combinations, as
at that time. 1t must be apparent, then,
that our money has, for some cause,
been constantly approaching in value.
and no greater curse was ever, or ever
can be, inflicted upon poor, energetic,
struggling people, in debt to the full
value of all they possess for the means
with which they can do business. than a
constantly increasing measure of value
The cost of all the wars of the Repub-
lie upon the energy of the people was
trifle compared with their losses in
the approaching value of their debts
and the depreciating value of their
property and products in which they
must pay them, because of the con-
stantly increasing value of the standard
by which the value of the debts and
property and products are measured.
No people ever prospered on constant
ly falling prices, no nation ever will,
and the worlds history tells us in all
nations and all ages that the prosperity
all came in periods of advancing prices,
or cheapening money, and their adver-
sity and distress came with falling
prices or approaching value in the me-
dunn of exchange"
The Bimetallist quotes eminent histo-
rians on this point, and concludes:
We might add pages of quotations from
eminent writer's to show the disastrous eff
fects of constantly rising standard of
value, but these would not tell the story