The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1898-11-25
GOLD AND MONoPoLIEs.
ntaiity by which shs
Money Power IL seeA'"x
10 Do Its work.

trust anu 49,, e,ne. has disclosed the full ,
'~nnorf ions OF its plan ana puipos'n. 80, {
,,,-ehsral Steel company. as tne eo'' ,
-, nro bably he called. INTENDS 10 vo"sr III,
lie iron business OF me eou.' IN he ore
" az control the mining OF al lne o'.
=, hi flx the price Of every pound OF iio"
- wui manufacture or control the NAM
sacn,re OF every kind or iron prouuos, ~.
nor plate and guns and beams anu ' ans
81 wire, barbed ard plain anu ,o.. a.. ne
"a ha miners and nails. AS iron - ~
snda zion and the skeleton OF the soP,'
,rncture OF our material civihzaIoA. III
-. men AZ the head OF THIS com ~. ~
,rrcise a stupendous influence W.. -"
SIvislon and distribution OF inc "e". 'at ~
- "a zion and therefore upon Ns soelai
'"s a~it,ica, lffe Behind the Fcdetal
g., 'counany' there Is dream OF Weaitn
80 mower and aggran dizemeht tna' ~.
I'VE seemtd fantastic lew years aso, NY
4 now inafavorable way 10 eoinp'e'e N"'''
yatlon"-N Y. World.
when some great industrial monopoly
springs into life the World Is quick 10
observe it, but it is as blind as Nam,
moth cave fish to the greatest OF al
,ronoDoes-t that of money. The
monev monop poly is equal to all Others
,ombincd. for it controls them all.
Nancy is the machinery 10y which all
,nodrrn business is transacted, ana |
,lov who control the machinery have |
,be business at their mercy. IL is us
,lain as light itself that the gold stand
ard X the fundamentally by which
do money power is seeking TO do It's
,or,s The great money lenders OF
1oraon. Berlin and New York are die
,stiuc the financial policy OF Europe
America. and large part OF ASA
throt,ah the agency of the gold stand
orl The spe cious excuse is offered that
tnetallism is impracticable. That 1t
!. irnpossible to keep gold and silver
,xacfly toge theron par-if both are
freely used. Therefore we must only
have one. 1t Is assumed that the mo-
uent one becomes more valuable than
,be other at the agreed ratio-that IS
uhen premium appears-the one
which rises TO premium ceases to be
roncv and the other becomes the
standard. or. as some have claimed we
would have two standards, which 10
"tnin 1Sers" OF certain class ia 'un-
think able" In other words, the main
defense Of the gold standard rests upon
the idea that the smallest premium
upon one of the metals is greater evil
than TO destroy that metal entirely as
money The simple statement OF the
proposition demonstrates its absurd
Ety. At the worst the breaking OF the
par is no more than slight inconyen-
ience in accounting. so far as domestic
trade Is concerned. II. for example.
gold should rise 10 n premium OF ten
per cent. then dollar in gold would
be equal to a dollar and ten cents in
silver. So long as this condition lasted
the gold would be held chiefly by the
banks las it is now and count n S part
OF their reserves. But the condition
could not In st permanently unless prac'
tlcallyall O r the goldwere expelled from
,lc country. and this could only bs
when our silver and paper together
constituted our full distributive share
OF tho worlds money. Until that pon
was reached IL would be more rofitablt
&c invest the gold than 10 hoard 1t II
The banks or else where. because rs sill
yer flowed into the country TO make NJ
our full share of the worlds stocl
rrices would rise. which is only anothc'
way of saving that the gold would fall
So far as ;nterna tional parity Is con
III
steadily maintained. even betweel
countries using the same money meta
The exact par of the English poun'
sterling is $isG6 in American money
but IL seldom stands at that figure com
mercialv. II ranges generally fror
about si.so TO S4.s9. according 10 IN
state Of the international balances an
the varying demands of the diiferen
countries for specie. Between gol
countries and silver countries til
parity is already as badly broken as
can be- The gold standard gives II
relief there Unfortunately for us, tn
breaking OF the par of cXchan ge ha
given silver-using countries very grcs
advantage in international trade. II
arguments In favor of the gold stan'
ard are purely technical-mere quil
bles. On Z he other hand. the objection
70 il are of the most substantial cha
meter. It's adoption means the destru
ton OF large part of the none
supply of the nations in which II
made the standard, falling prices, hal
times, oppression of the debtor and q
unconscio nable advantage TO the ere
itc.r. The latter is the reason why II
worlds great creditors favor IL. TT
value Of their demands is increase
they obtain command of more al
more Of other peoples wealth for 4
same number of dollars. In effect tn
corner the money market and DONNA
the business Of the world. Upon co
stantly failing market the weaker bu
ness men are forced out, while Z
stronger ones form combines for the
own production. Hence it can
truthfully affirmed that the gold star
nrd Is the prolific father of trusts. T
acknowledgements combine may &C
troll the iron and steel industry, b
the money combine controls ever
thing, including the New York Wor
H. r. BART1NE
Here is what the old Philadelpl
Ledger republican, but not hide boui
saysaboutexpansi sion: There are ma
lCyal reDubicans who are opposed