The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1898-02-25

| ''-'SNAN W VAC V@ieSS Slaves ". 1dDOi XII
the class who own the gold and the
obligations payable in gold" The po-
litical power Of this class is embedded
in the Republican party. There is no
longer any question or doubt on this
subject, since Mckinley and all of his
Cabinet have proclaimed it, and in
dorse the 42orl1 Of the eleven Indian
apolls contention monetary comLlis-
sion consDnators.
The method to ensiave the people I'M
der the old feudal and knight!y regima
was to claim a divine right TO tax and
ens!ave the masses for the aggrandize-
'heht OF their masters. The monetary
system Of these modern barons of
m2Hmcn is fer the same object.
There is a clear distinction be-
tween the functions Of money as STAN
o2Fd or value and medium Of eX-
chanse, say the conspirators, but they
lall to point out the necessity for such
adherence, except that bank issued
money can never be anything but a
promise to pay" money. From these
premises they argue or assume, that
government cannot make STANDARD"
money out Of anything but gold. The
term STANDARD money" is only an in
genlous juggle for the term legal ten
DER. They assume to deny the sover-
e1sn power Of government to "coin
money and regulate the value thereof"
oy Claiming in this enlightened age
that money is only a commodity hay
ing a certain fixed value, and that gold
has fixed value, hence it is the divine
~ appointed money metal! Prior to
1873 silver possessed this fixed value
IN france. In the United States it was
three per cent above the gold value,
and was royal STANDARD" money ev-
eryWhere in the world. A change in
the minting laws of three or four great
nations altered the value OF silver at
once. These stubborn facts upset the
hlmsy theory of the goldites.
The function to transfer values is the
only legitimate function money pos
sesses, and that is given it by law.
Money is a creation of law as Aristotle
proclaimed three thousand years ago, a
TACT that had never been questioned till
Satan raised up the modern gold-bug
plutocracy An to transfer value and
record price is all the work money ever
did or ever can do.
Gold as a commodity is used to bal
ance accounts between traders of DIFF
ferent nations, and so is every other
commodity
1t is not used to transfer values be-
tween citizens of the same country, but
must first be stamped into money by
the government. Pound gold coin
into a shapeless mass, and no trader
will accept it in satisfaction Of bis bill
No bank will credit it on a depositor's
account. And yet the Shylocks have
the brass to gravely tell the people
that all money must have commodity
value equal to it's money value! When
ever their claims for money are put to
the test of analysis every one fails. and
proves their claims to be sophistries
and tissue of falsehoods.
Redemption" is another fake, like
the chained lions in Pilgrims Progress,
utterly harmless. Money must be re-
deemed, declare the conspirators one
and all. And it must be redeemed in
gold. One simple fact refutes this the
DRY. There is not one dollar of gold
to redeem with, to twenty or probably
a hundred of the kind to be redeemed,
it redemption were legitimate factor
IN the money problem. Redemption is
a bankers fake. His bills are not
money at all, and have to lean on some
thing for support, hence the senseless
claim Of redeeming true money.
Money is a medium of exchange. A
exchanges merchandise with B for
B has the merchandise and A
has received the recorded value in the
shape of money, and the same, or SINH
lar transactions is repeated million
times. 1t is going on every hour in
the day from years end to years end,
and the identical same money is doing
the work. Where does the "redemp-
ton" come in, and what object can
there be in redeeming money? Exact
ly the same object that two men have
who are playing poker One calls
the other when he believes he has the
Of him. This redemption
game was played by Pier
pont Morgan and Cleveland. Morgan
came down with flush hand Of green
backs. and Cleveland pretended he
couldn't see Morgan, and went out and
borrowed two hundred and sixty-two
millions, giving Morgan notes payable
in ten to thirty years on the govern
ment. Cleveland, unlike most players.
was richer after losing than hefnre