The commonwealth. (Greenwood, Miss.) 1896-1923, 1899-11-03
THE STANDARD HOCUS-p0CUS.
hooSe between scarce Money with
Low Prices ard More Money
with Higher Prices.

Double standard is a MISSIONER. So
also is single standard, mouomctai-
Iism and bjmctaIlism. The word stand-
ard prcsupposcs stability, hut in fed
cral money there is no stability, by
the concurrence of the American gov"
erumcut bankers and importers will
sometimes in the COURSE of a month or
lwo export many millions of dollars in
gold OF silver coins which are coined
into legal tender money 10 provide
for the general welfare" Of the people,
thus destroying the standard of value;
and Il large consignment of gold from
the kiondike or Cripple Greek will in
Hate prices, making our standard as
unstable MS the wind. No man can re
flute l'ryan's logical reasoning that IF
an influx OF gold from the kIondike
will make times better for business,
more money viii make times still bet
err suppose that increase Of our
money is silver or Erecnbnok legal
tender. "NlI the same il makes more
money and bigger prices for labor and
products, aud il We do not promise to
redeem them in gold they will not be
presented for redemption. Take the
silver dollar MS example. They are not
presented for redemption. Why? BE
cause there is no law for their rrdcmp-
tion. Vet they stand ut par with gold
money which the government SO much
delights to honor. Let any MAI take
OIL his political eyeglasses and look nj
the question logically. Is his interest
better Subsrrsed by the government
promising to redeem his silver money
or his ~greenback money, or to make
IT "A legal tender and compel every other
man IN our government to take II ut the
face value from himp The truth is. we
have no business with an international
agreement on the ratio of weights in
our coins, ms they are not coined and
made n legal tender in any other coun-
try but our own. TIA man wants to buy
goods or pay n debt in Europe he does.
not send gold money or silver money!
or paper money, but bills of exchange
and one kind of money will buy as
much exchange as another, and the
price of the metal in il cuts no figure
in the transaction because the none
he has is left in this country that ere
ated it. and it was intended to serve
the people here and should stay here.
1t is as much of an injustice to "thc
general welfare" to export gold or sill
yer COINS, thus contracting our money
and reducing prices of labor and prop
erty, ms it is To suffer countcrfeitcrs
TO initiate prices without authority Of
congress. The Gresham law. cited BY
Mr.. keeler, is a kind Of hocus-pocus in
finance. lfcongrcSS controlled money as
II ought TO Ito there would be no money
worth more or worth less than another
kind, and no basis for the hocus-pocus
Gresham law, Congress should make
1t th" same crime to melt or export
our money which it had prepared for
our use as 10 counterfeit il and make
more. I'll" whole equation of money
can be RELOCATED TO two equivalents,
scarce money and low prices Gas per
gold standard. for that II the mean
ing Of IL, and more money with high
er prices las per free silver and legal
tender paper, for that is the object of
that. DO hou want higher or lower
prices? Choose you which you will"
and vote that way. Mississippi Valley
Democrat.