Iron County register., 1898-12-08
The Currency Question.


I almost entirely as commercial coun-
ter, and by money spectators, who use
i it in connection with their bank cred
its to shrink and expand the currency
and create panics and booms alternate
ly in trade. Silver money cannot be-
handled and controlled in that way.
1t goes out among the people and re-
| spends to the demands of legitimate
| trade.
What the United States stands most
in need of ut this time, and especially
at this particular juncture of affairs, is
G system of finance conspicuously Amer
lean. We have the money metals in
large quantities in our own mountains
to draw upon.
We have the national power and
wealth that will sustain any requisite
amount of paper money to transact all
of our home business and stand up at
par with gold at the start, and eventu-
ally demand premium on gold, if kept
entirely under control of the govern
ment and excluded from interference
by bunco-steering bankers.
With government legal tender cur
rency, and government banks for the
accommodation of the people, where
their deposits would always be safe.
it would be but a short period till gold
and silver would almost cease to be
used by the people in their business,
except the latter as change for frac-
tions of dollar.
There is most potent and powerful
reason for such result. The currency
issued by the government is the peo-
pies money, because the government,
our government is the peoples govern
ment. The people have the same con-
fidence in their government and their
money issued by it as they have in them
selves. This is not so to great extent
in monarchies. There the government
belongs to class separated from the
people. There they are the subjects
and have little love for their governing
masters. Here the people are the gov
ernment, and every issue of govern
ment currency has proven that the peo-
pie treasured it as highly as gold and
silver money. The greenbacks which
have stood the test for more than 80
years, with the combined money pow
ers of Europe and at home battling for
their destruction, show how highly the
people treasure their governments
money.
With national currency of full
legal tender, with open mints sustain
ing the bullion value of the metals
with their coin value, if foreign nations
desired and valued coin above every
thing else we had to part with they
could exchange products for it, but the
metals could never be worth more than
the legal tender paper of the govern
ment for satisfying the demands of
debt, interest and taxes.
If our silver and gold flowed to other
nations they would increase the worlds
stock of money, raise prices, and with
rise in the products of labor, the Ia
borer would rise in his manhood and
throughout the civilized world. The
iron throne of debt with its chains of
slavery hanging about it would begin
to topple and the man would ere long
be lifted above the dollar by having the
shackles of debt broken which now
bind him down. !.
With a purely American financial sys-
tenn all these blessings are not only pos
sible but certain. The money power
of the world would be shorn of half
it's strength. and the American nation
and people would be exalted through
out the entire world, and what is of
infinitely more Importance, they would
be exalted in their own esteem, worth
and manhood-E. E. Ewing, in Silver
Knight