The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1899-10-13
MONEY is CHEAP.
why Currency Pile. ~ In the Hanks
Net sign al Good
Times.


We often hear the expression made.
says the shelby County Leader, that
money is cheap: that the banks are full
of il; that one can get an The money he
wants ut five or siN per cent, If he viii
only furnish the necessary collateral.
Yes, bat how many are there That can
Furnish the necessary collateral 70
get tits cheap money oui Of the bank ?
Not one ia nifty. Mhiie those who can
not furnish this collateral and who
must have The money. are compelled
TO 70 10 a loan agency. file chattel
mortgage on their household furniture
ana other personal property. and pay
from i've 10 tan per cent. interest per
month to get the money. BESIDES. Gn-
der the gold standard Of moIey al
kinds Of human property, except
money and bonds and notes and stocks
ana other investments that fetch fixed
and certain income in money. are con-
stantly falling IN purchasing power,
while money and The other intangible
property indicated are a. constantly 60
ing up IN purchasing power; and
hence. money lying idle N bank or
safe deposit vaults is better and
safer investment than IL would be n
invested in property or business. For
this reason. those who are able 10 give
the necessary collateral TO get tbe
money out Of the banks. even at the
low rate of five or six per cent. interest
Der annum. do not want ii. for the
good and sufficient reason that uuder
the gold .iandard Of money and a con-
stanfly falling market. they cannot re-
invest il so as 10 make the low inter
est they have TO pay the bank. and still
make a profit on the property bought
or the legitimate labor-employing busi-
ness entered into.
Therefore money piles up in the
banks. But this is not an evidence
that times are good or that money is
chean. but an evidence that times are
hard ard getting harder. and that
money. not the use Of money. Is higher.
The use Of money i cheap. because men
cannot take it even at The present low
rate OF interest for the use Of il. and
make profit on il hv reinyesting il IN
property Or business Iut money itself
Is not cheap but high. II YOU 60 TO q
bank 10 get $1,000 for 90 days. at Say
five per cent. YOU do no; buy the money
but only the use OF il. You must re-
turn the $1,000 al the end Of 90 days
with the accumulated interest. II. in
deed. the interest has not been taker
out in advance. If you 60 10 bank e
4 buy $1,000. not TO buy the use OF it. yot
must leave The value Of the $1,000 il
property or labor. and when YOU have
done this YOU will find that instead Q
money being cheap. il is really the dear
est 81 600 you ever bought in all YOU
lives.
This shows conclusiveiy that the us
Of money. not the money itself. is in
iced chean. and for the reasons allow
stated sG standard men do not se'
This distinction. or appear not to do e
In fact. as rule. gold standard mel
are notably and pitiahly ignorant upol
the history. the cconomq and the pur
pose OF money: but men who under
stand the money question do see it
distinction as the, also see the sophism
of the gold standard. and this is why tn
silver men are so enthusiastic in III
cause. and are 80 anxious 10 see tn
money Of the constitution restored {
the place il occupied in the monetar
system OF the republic for nearly 10