The midland journal. (Rising Sun, Md.) 1885-1947, 1898-10-28
Cheap Money.

the public by offering it for sale at low
price. This class of cheap articles is
fraud. The other or genuine cheap article
is of good quality, made of good material
and gives the purchaser good service.
Everybody who buys desires to buy
cheap, that is, to get the best article at
the least cost possible.
When we shift from merchandise to
money, we are governed by the same
motives. All desire to buy the cheapest
in the market but always couple the price
paid for the best. Those who buy money
are the lsboring, producing class. They
have the products Of their labor with
which to buy money. In common ex-
preston this is called selling for money.
But it is buying nevertheless, buying
money by exchanging goods for it, the
same as purchasing goods or merchandise
by exchanging money for them. The
party who exchanges money for goods
wants the very best quality Of goods in
the market and desires to expend as little
money as possible to secure the mer-
chadise.
And now for the other party whose
labor has created the goods or articles for
sale. He goes into the market to pur-
chase money by exchanging his wares
for money. His aim is to purchase as
much money as possible in exchange for
his things. No person wants cheap
money of the shoddy class, but all desire
to procure cheap money and they want
the best quality of money. What is
shoddy money? 1t is bank made money
emphatically. Government made money
is the genuine, first class-"all wool and
yard wide" money, and every producer
of wealth or things to sell wants that kind
of money, but he does not want to pay all
extortionate price for it. The farmer does
not want to have to pay two bushels of
wheat to buy one dollar of this sound
money, nor does the manufacturer wish
to part with two yards of cloth to buy as
much money as one yard should buy.
They all, the farmer, the manufacturer,
ct. al, want to buy first class money as
cheaply as possible.
Now what does the goldbug fakir
mean when he goes out on the street or
into his subsidized newspaper Office and
bawls cheap money? He means to fool
those who must purchase money with
their labor by a play on words. He is
the hired man of the banking, the money
loaning and money cornering class who
want to keep their money dear and make
it buy as much property as possible. The
more their dear money will buy the better
it is for them, and the worse it is for all
who have to buy their dear money by
exchanging the products of their labor
for it. These money fakirs never say
dear money, but always cheap money
and sound money. If they said, in place
of sound money, dear money, they would
betray the fraud disguised under the catch
phrase of sound money. People would
at once inquire, what is meant by dear
money and would commence studying the
problem.
But "cheap" always has a shoddy ring
about it i'll the public ear, they have
been feeced so often by the cheap John
class of dealers.
All government money is sound money,
and all bank money is cheap money, and
if ithe government did not endorse the
national bank notes they would be at a
discount as soon as they got out of sight
of the bank that issued them. Without
the government endorsement the national
/ bank note would not be one whit better
than the old State bank currency, which
the people branded as "wild cat' and
cred dog money. Why should the gov
eminent go into this round about method
of issuing money through national banks,
and become their endorser?
Nobody can tell, and yet these bank
fakirs with the brass of the father of lies
will stand out that the greenbacks are the
most dangerous of all money, and that
there is no currency equal to national
note, now redeemable i'll greenbacks
These bankers treasure up the greenbacks
along with their joss god of gold, as their
reserves" with which to pay checks that
come in against their loans of credit.
We have seen that all government
money is sound money and the only way
to make it cheap is to put more of it into
circulation Then it will be cheaper but
will be the same sound money, and the
working class will be able to purchase
more of it with less labor. The money
will continue TO be the same sound
money, and the same fiat money, but it
will be cheaper and the products of labor
will be better price. They, the laborers
and wealth producers, will be able to pay
more interest and more debt than they
are now with the same amount of toll and
the products of toll. Wouldn't you farm
ers love to be able to buy one of these
sound gold dollars with one bushel of
wheat, and ten of them with ton of hay?
And wouldn't they be just as sound but
cheaper, and your products would COM
mand better prices, prices that would
permit you to live in decent way and
free from the fear of sheriff, tax collector
and mortgage.
1t is within the power of you laboring,
industrial nrOduciuo CIaecae 10 hr;,,o