Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1898-10-18
"soUND MONEY"
Term Used by single standard Adj
vocates to Cloak Most Gigantic
Crime Of the Ages.
Hypocrisy Ia the tribute that vice pays to

The term Sound money" Is used by
the advocates OF single gold stand
ard to cloak the most gigantic crime
OF the ages. The use Of a term ASSOC
ciated in the minds with stability,
correctness and orthodoxy, for the
purpose of securing mental acqui-
essence and eluddng inquiry, when In
vestigation would prove the very OPP
posite to that which the term implies,
ls q recognition OF the existence OF
moral forces that must be reoEoned
with.
Sound money is money that will pre-
serve practically unvarying purchas-
ing power through a 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 it's 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 business transaction Is but
half completed. The transaction Ia
finished, when payment is made, at
which time the money Of payment
should bear the same relationto prop
erty and commodities in general that
existed at the time the debt was con-
traoted. With such a money the pro-
duction of wealth and the develop
ment of the resources of q 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 its owner while locked up
in safe. The owner can profit only
through It's use.
Money is not sound OF unsound be-
cause Of the material of which it is
composed. The test of soundness Is
Its unvarying power to purchase
things in general. Il all transac-
lions between man andman were COM
pleted at once, and no debts were Gre
hted calling. for payment in money at
future time, the question Of bimet-
allism or 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 q thing
as enforced idleness would be unr
known. But should the supply OF
money be cut of through the failure
OF exhaustion Of the mines, falling
prices would ensue and the profits OF
Industry lessened. II such condition
should continue 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 q CON
dition OF cash payments and the alb
senee Of debt no motive would exis'
TOR the demone Hon OF either meta
and hence the money QUESTION In IT.
preseut form would find no place IL
the arena Of politics.
II there were no debts to be paid II
money at a future day, no person coule
be found who would favor the demone.
tization Of either metal or contrao
ton Of the money volume. The as
sault that has been made upon silve,
as a money metal is the work Of {
combination Of the creditor CHASER
| who own the bonds and mortgage
against the nations, states and peopl'
OF the world. The amount Of tn,
worlds indebtedness is said by tn,
best authorities to exceed $3.50, o6o, 900,
600. A very large proportion of thi
| Indebtedness is held by compare
lively small number Of persons resid
ing IN less than dozen Of the princi
pal cities of Europe and America. TIL,
large owners Of securities effected a,
alliance or Organization over 40 year
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 confscates the equitie
Of debtors, enriches them by giving
larger purchasing power to the none,
In which their interest and principa
must be paid.
This combination at the presen
time controls legislation on the none,
| question In all the principal nations o
the earth and in none more so than il
| our own. Thav aanatitlAtaA O. ,..~-,a.
Woman's NJ