The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1898-10-21
/" SOUND MONEY"
Term Used by single Standard Adj
vocates to Cloak Most Gigantic
Crime of the Ages.


ard TO cloak the most gigantic crime
of the ages. The use of term asso-
ciated in the minds with stability,
correctness and orthodoxy, for the
purpose of securing mcnta! acqui-
essence and eluding inquiry. when in
vestigation would prove the very OPP
posite to that which the term implies,
is recognition Of the existence Of
moral forces that must be reckoned
with.
Sound money is money that will pre-
serve practically unvarying purchas-
ing power through n period Of years
and preserve the equities of time con-
tracts. Money TO meet this require
ment must increase in volume with
the increase of population and de-
mand for its use. No money can be
called honest or sound under which
debts contracted TO be paid in one,
five or ten years cannot be paid with
out doing an injury TO either the debt
or or creditor. When debt is con
tracted n business transaction is but
half completed. The transaction Is
finished when payment is made, al
which time the money of payment
should bear the same relation 10 prop
ertv and commodities in general that
existed at the time the debt was con
tracted. With such money the pro-
duction of wealth and the develop
ment of the resources of n country
will reach their maximum, and the
success of individuals in business will
be measured by the intelligence and
industry OF each. Such money will
not enrich it's owner while locked up
in a safe. The owner can profit only
through its use.
Money is not sound or unsound be-
cause of the material of which il is
composed The test of soundness Is
it's unvarying power TO purchase
things in general. If all transac-
tions between man and man were com
pleted at once. and no debts were ere
ated calling for payment in money at
a future time. the question of bimet-
allism or a gold standard would not
be under discussion. A plentiful sup
ply OF gold and silver from the mines
would give prices an upward tendency,
stimulate production, and such thing
as enforced idleness would be UNI
known. But should the supply of
money be cut off through the failure
or exhaustion of the mines, falling
prices would ensue and the profits OF
Industry lessened. If such condition
should continue a long time the money
value of all forms of property would
be vastly diminished and production
would become limited to the impera-
tive demands of daily life.
Thus it. will be seen that under con
6ition OF cash payments and the abb
sence of debt no motive would exist
for the demone tization Of either metal
and hence the money QUESTION in its
present form would find no place in
the arena of politics.
II there were no debts to be paid In
money at future day. no person could
be found who would favor the demone-
tization of either metal or contrac'
tion of the money volume. The as
sault that has been made upon silver
as a money metal is the work Of q
combination of the creditor classes
who own the bonds and mortgages
against the nations, states and people
OF the world. The amount Of the
worlds indebtedness is said by the
best au thorities to exceed $3.50, 000. 600.
600. A very large proportion of this
indebtedness is held by compare
lively small number OF persons resid
ing in less than a dozen Of the princi
pal cities OF Europe and America. The
large owners of securities effected M
alliance or organization over 40 years
ago. They are interested in making
money scarce and dear. The fall o.
prices that bankrupts the man OF en-
terprise, drives labor into the stree
TO starve, and confiscates the equitie,
of debtors. enriches them by giving 1
larger purchasing power to the money
In which their interest and principa
must be paid.
This combination at the present
time controls legislation on the money
question in all the principal nations o
the earth and in none more so than IL
| our oNlls lntN toHSAlAhtt ihoh' '
trust. With gold alone the STANDARD
money OF the world there would b.
Just sufficient of il to pay six months
interest to the great creditor com
bination. and it would require all thu
gold money in existence 80 times ovei
20 pay the principal. The owners o
these securities are also the owners
OF the principal banking houses at tn
great money centers Of the world
The tax gatherers backed by the sher
ifs and armies OF the world are thei'
collectors. In the payment Of inter
est stream of money from all thu
nations OF the earth Is constant,
flowing into their Golfers. Through
the great banking houses which the.
control at the money oenters, who's
dealings are only with other banks
the money Is loaned again and finds IL
way back into the channels of trade
The banks under the control Of TIL
great creditor combination posses
the power to discriminate against an
state or other bank. refuse II credi
and force 1t into liquidation. So grea
f. the power Of this creditor combina