The Denison review. [volume] (Denison, Iowa) 1867-current, 1898-10-14
SOUND MONEY FOR TIE FARM

SOUND MONEY FOR THE FARM.n
Ex-Governor l.oies snyN . ~. y Il
E.niis l,irn,n.n,--G sh.tw'. vi, .v~
In a recent address tlelisere,, by Ok.
Governor Bcics before q farliuis; ;oa.
vention at Waterloo, he SAID
cit is apparent that OF I'll conditions
that help i'll the eStab. shnlent an.
maintenance Of prices. no osher CHE is
of such vital force as the financial sys
tenn to which a country is committed
1t is impossible, therefore. to overestl
mate the Importance to the agricultural
classes of this country of correct un.
Outstanding of the principles that un.
derlie the monetary laws upon which
our own system is constructed.
Assuming the correctness of the state.
ments made above, we wish to call the
attention of our readers to a few ex.
tracts from the speech delivered by
Governor Shaw of Iowa at the Omaha
exposition in speaking to the subject of
the advantage of sound money to the
farmers. In beginning his address
Governor Shaw said II can see no
advantage in sound money to the farmer
that does not apply to every other avoca
ton, profession, business. or walk in
life" In this statement the governor
was entirely correct and consistent. for
it is only the demagogue and unscrupul
Gus politician who strives to set apart
one class of our people from the others
and tells them that they are being OPP
posed by every other set of men on the
footstool. The economics of life makes
it necessary that each profession Or
business should be dependent in greater
or less degree upon every other calling
and most of all are they dependent upon
the farmer who feeds the world.
But this article has to do with the ap-
plication of the principle stated in the
quotation from 'Uncle Horace Boies
/ above. The farmer should understand
the principles that underlie the none
tary laws" he should understand clear
ly how he is benefited by sound money
ard how, ca tho other hand, he VIII be
injured by the failure to maintain al
our kinds OF money ''as good as gold. .
Il Gnot;rg again from Governor Shaw 5
Omaha speech, we think tho following
is as clear and snccinct a statement OF
the case as can possibly be made. II
congresses into short space the gist q
argument and the deductions are incon
trovertible. Governor Shaw sid:
"Cur silver coins circulate 81 par will
gold solely because the government
stands ready to furnish gold IL re
denption of it's coin demands and be
! cause of the provision contained IL -
act of lvov. l, 1893, which declared it i.
| the policy OF the United States to Sc
cure the parity i'll value of the coins O
the two metals and the equal power O
every collar at all times in the market
and in payment of debts Coupled
: with this was the official statement @
Mr.. Carlisle, in obedience to the admin
istrative policy of Grover Cleveland, tina
!. if it became necessary. in order TO main
3 tain it's parity, the silver dollar wonl'
s be redeemed i'll gold. y 4 This
+ the express pledge of the present 40
!, ministration and the unwritfen pledg
q of every believer in sound money, an
: upon this pledge rests the financial il
terests Of every merchant, Of ever.
= depositor, of every borrower, of ever
9 lender, Of every purchaser, of ever
e producer, of every wage Garner; o.
# this pledge and the confidence of til
It people that the administ rative policy c
n the present president of the Unite
4 States will maintain at any cost til
;, parity of all forms of currency, rests a
- the financial, commercial and iudustrii
:, interests of the greatest people on eartl
" How will sound money atfe'
II the farmer? Have I not answered til
e question? Can the bank break, ca
o deposits shrink, can wages be divided
% can factories close, can wheels stop, ca
W men walk the streets looking
u vain for work, or if finding it,
>, paid in deprecated coin, an
:, the men who feed the worl
- go unharmed? \ Free coinaa
~ of silver, which implies that the produ
y. of the mint shall find it's own marke
H. and SHALL therefore, circulate at its bu
to lion value, carries with it the certainl
- that the current silver coin will the
~ have purchasing power the equivale
VI of 4121a grains of standard silver, +
M duction of over 60 per cent. Labor C,
X not stand tn without ruin to itself al
he ruin to the farmer. Were wages in II
of far east and South American republi
as high as thew arc in the United 81. g. .