Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1898-07-07
The Cause of Free Silver.
CONFLICTS WILL CONTINUE.
30 Long as Money Sharks Corner
Money Contentious Between Em-
pIoye and Employer VIII Last.

pIoye and Employer VIII Last.
Superficial thinkers write and talk
about a conflict between labor and cap
ttal. They class all employers of labor
as capitalists and the employees as la
borers. This classification is erroneous
and misleading. All persons engaged
in productive pursuits or commercial
enterprises belong to one class and all
persons engaged in dealing in money
and securities belong to another class.
In the prosecution of business and in
dustrial pursuits of every kind there
must be employers and employees, all
working to the same end, and conflict
between them is unnatural and unfor-
tunate, because their general interest
is the same. The manufacturer must
have laborers and the laborers must
have manufacturers, to the end that
The business to be managed and the Ia
Dor connected Herewith performed.
A conflict between employers and en-
ployes and conflict between union and
non-union workers are conflicts be-
tween men who have general interest
in common. When times are hard and
prices fall we regret to see divisions
and contentious between those work
ing for the common good of all. The
contention between employees and en-
ployers and the contention between the
unemployed and the employed divide
the forces of the great mass of mankind
struggling for justice and equality
against the money type which preys
upon them all alike. There should be
no contention between the industrial
classes to give the common enemy a
chance to divide and conquer.
Dealers in bonds and spectators in
money also have a common interest, but
their interest is Numerically opposed
to the interest of the producers and the
men in business. They all deal in the
same kind of property. and they COM
bine for the purpose of enhancing the
value of money which is the property
in which they deal. The bonds and Sc
curities in which they invest and trade
are simply money futures. If they can
increase the value of money then en-
rich themselves without cost or sac
rifice. Inasmuch as the purchasing
power of each dollar depends upon the
number of dollars in circulation they
accomplish their purpose by making
morcy scarce, which according to the
law of supply and demand makes
money dear. Why does the broker buy
up and corner a stock if he does not do
it to make stock dearer and compel
others who are obliged by contract to
deliver stock to him to pay higher
price for it? This is why the owners of
money and obligations payable in
money unite in solid combination and
extend their operations throughout the
civilized world. The sole purpose of
their combination is to reduce the vol
ume of legal tender money to the COM
modify gold. They know very well if
they can wholly demonetize silver and
confine the standard money of the
world to gold alone their property
lgold) must continue to advance, while
the price of property of all other classes
must continue to decline.
There are So 600, 00O, 900 of full legal
tender silver and So, 500, 000, 900 of I'M
covered paper money in the world,
which must be destroyed before the
gold standard can be finally reached.
This furnishes the dealers in money
a certainty of a continual rise in the
purchasing power of their money for
centuries to come if they can maintain
the gold standard. Nobody would COM
plain of this if it affected only the deal
ers in money and bonds, but unfortu-
nately it affects the whole human fam
lily which is engaged in business or pro-
ductive enterprise of any name or ma
ture. Money is the instrument of pro-
duction, the tool of industry, the me-
dunn of exchange. the measure of time
contracts, the pricing instrument of all
property, and without constant sup
ply equal to the legitimate demand in
dustrial enterprise cannot prosper.
Contraction cuts down the profits of the
manufacturer, forces them to discharge
their employees or reduce their time, or
cut down their wages. The reduction
in the number of employees creates an
army of idlers who must suffer for
bread. IF those engaged in productive
enterprises, including manufactures
and traders of every description as well
as laborers. would see their own inter-
est they would unite and demand of the
government a sufficient supply of
money to secure stability of prices.
They would not allow the money sharks
to enhance the value of their property
and injure or destroy the business of
the great mass of mankind engaged in
producing wealth.
1t must be remembered that the
money type has been in all ages heart
less and cruel. The pursuit of wealth
by usury benumbs the moral sensibili-
ties and converts a person who would
be kind and benevolent into
a Shylock and fiend. For all practical
purposes a usurer. although neither he
nor those with whom he associates.
realize the baneful part he is playing,
is an enemy of the human race What
is required is combination of business
men of all descriptions and laborers of
all grades against the common enemy
who juggles with money upon which
life in association depends.
"a feast is made for laughter and
wine maketh merry, but money an
swereth all things
He that iuggleth with money hampers
with all things which affect humanity
and is more dangerous than all other
seen or unseen. which have APP
peared since the visit of the serpent to
the Garden of Eden.-Silver knight
Waterman.
They Want a Bond Issue.