The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1898-09-01
THE GOLD STANDARD

And Its Disastrous Consequences the
World Over.
Let facts be submitted to a candid people
Declaration of Independence.
The gold standard has proved curse
to every country which has adopted it.
This is history, and we only need to
point to Germany, and the United
States which started upon this robbers
highway in 1873.
Other countries which Joined the
cavalcade more recently, nave found
and encountered similar results of
financial calamity and suffering. Dis.
aster everywhere has followed this gold
worship, and it ever will. aye cannot
serve God and mammon."
On the other ha ld, by contrast and
actual demonstration, these countries
that have adhered to the double stan.
dard have continued without encoun-
tering financial and business distur.
bance, and have enjoyed fair share OF
prosperity. In this connection we may
cite France and Mexico.
Germany, in spite Of the billion in
demnity extracted from France, did not
escape the penalty for adopting the
gold standard. And Japan is enduring
the same result, Notwithstanding her
indemnity extraction from China. And
Chile too, is in serious condition
financially, owing to her late adoption
of the gold standard.
This gold worship business is attended
with fearful consequences. 1t is not q
golden calf that has been pushing thi:
juggernant car, but full grown bull
monster driving this death Car over the
bodies Of poor humanity.
Even gold organs, unwittingly oI
course, at times give their case away
As an example we take the following
from a late issue of the New YORK
Tribune;
Notwithstanding the large amount o.
its Chinese indemnity, japan finds itsel
in financial straits and lacks capital tc
carry on its largely increasing volume
of business Business people in al
parts of the empire are making urgen
appeals TO the government for relief
But with the purchase of new warshipl
and other expenditures, the imperia
treasury finds the demands upon it al
and more than 1t is at present capable
Of meeting, and is considering new
| schemes of internal taxation to makl
up the deficiency. Germany found it
self in financial crisis only few year
after the payment of the huge Frenci
| indemnity, the lesson of both cases be
ing that the booty of war does no
always pay it's cost nor provide an in
exhaustible fund for the nation that get
| it.
When the usurersget their clutch upol
a land, farewell prosperity, go far rs tn
mass Of the people are concerned. Col
standard is only playing into the hand
of the usurers, and they generally aC
complish their work by cirCumventlon
trickery, bribery and fraud.
Chile was the last country TO adop
the gold standard, and our gold organ
rejoiced exceedingly, and with resound
ing pride. In this the Mancheste
Guardian, an English journal, remarks
The financial collapse OF Chill is
practical illustration in support of tn
arguments OF those who maintain tina
open mints for the free and unlimite
coinage of silver are necessary for th
continuance Of the solvency Of man
nAtionalities. II is singular that th
financial collapse OF Chila should hav
followed 80 quickly on the abandon
ment Of her silver currency and th
adoption OF a gold one, and compares
to the disadvantage Of Chill, with tn
contrary course adopted by her north
ern neighbor, Mexico, whose mints hay
remained open and free for the twenty
five years during which the mania 10
currency legislative changes has prs
vailed, commenced by Germany In 1877
II ID fair to suppose that ChilPs emba,
ssssments asise from the tall In price