Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1898-06-28
OUR. CANDIDATE IN 1900.
CONFLICT WILL NOT CEASE
So Long as the Money Sharks
Corner the Money.

$
The Money Tyne Has in All Ages Been
Heartless and Observation-Disclosures and
Traders of Every Description as Well as
Laborers Should Vote and Demand a
Sufficient Supply of Money to Secure Sta
bility of Prices,
Superficial thinkers write and talk
of a conflict between labor and CAPT
tai. They class all employers of la
Dor as capitalists and the employees
as laborers. This classification is err
roneous and misleading. All persons
engaged in productive pursuits or
commercial enterprises belong to
one class. In the prosecution of bus
mess and industrial pursuits of every
kind there must be employ ers and
employees, all working to the same
end, and conflict between them is
unnatural and unfortunate, because
their general interest is the same.
The manufacturer must have labor
ers and the laborers must have manu-
facturers to the end that the bust
ness to be managed and the labor
connected Herewith to be performed.
A conflict between employers and
employees and conflict between un-
ion and non-union workers are q con-
fiict between men who have general
interest Uncommon. When times are
hardsand prices are falling we regret
to see divisions and contentious be-
tween those working for the common
good of all. The contention between
employees and employers and the con-
tention between the unemployed and
the employed divide the forces of the
great mass of mankind struggling for
justice and equality against the mon
ey type which preys upon them all
alike. There should be no conten-
tion between the industrial classes to
give the common enemy chance to
divide and conquer.
Dealers in bonds and spectators
in money also have common inter-
est, but their interest is diam critically
opposed to the interests of the pro-
ducers of wealth and men of business
They all deal in the same kind of
property, and they combine 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
they enrich themselves without cost
or sacrifice. Inasmuch as the pur-
chasing power of each dollar depends
upon the number of dollars in circu-
lation they accomplish their purpose
by making money scarce, which ac-
cording to the law of supply and de-
mand makes money dear. Why does
the broker buy up and corner stock
If he does not do it to make stock
dearer and compel others who are
Obliged to 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 q solid combination and extend
their operations throughout the civil
lied world. The sole purpose of tn cir
combination is to reduce the volume
of legal tender to the commodity
gold. They know very we'll if they
can wholly demonetize silver and
confine the standard money of the
world to gold alone their property
(gold) must continue to advance,
while the price of property of all 9TH
er classes must decline.
There are So, 600, 100000 of full legal
tender silver and So, 500, 100000 of UNI
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 continual rise in the
purchasing power of their money for
centuries to come if they can main
tain the gold standard. Nobody
would complain of this if it affected
only the dealers in money and bonds,
but unfortunately it affects the whole
human family which is engaged in
business or productive enterprise Of
any name or nature. Money is the
instrument of production, the tool of
industry, the medium of exchange.
the measure of the time contracts,
the pricing instrument of all proper
ty, and without constant supply
equal to the legitimate demand in
dustrial enterprises cannot prosper.
Contraction cuts down the profits of
the manufacturer, forces them to dis
charge 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. IT those engaged in
productive enterprises, including
manufacturers and traders of every
description as well as laborers, would
see their own interests they would
unite and demand Of the government
sufficient supply of money to secure
stability OF prices. They would not
allow the money sharks to enhance
the value Of their property and in-
dure or destroy the business OF the