The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1899-09-08
If GOLD WOULD DEPART.
superstition Based on Goldite Logic
and the Only Cancellations
tn lje Drawn.

| suppose that free coinage law wore
enacted. gold was 10 retire from circu.
LNl1E. ana our silver and paper money
were 10 drop 10 80 cents on the dollar
Such result would be impossi ble. but
we Will suppose il. What would that
mean simply this. that il would take
TWO SILVER or paper dollars to equal one
gold dollar. In other words. gold would
STAND az a premium OF 100 per cent.
over other forms OF money. But If
silver dollar Is only worth half as much
- a gold dollar. then manifestly II is
Only half rs hard 10 Get il. If bushcl
oi wheat is worth 80 cents IN gold. il
VIII be worth one dollar in silver. Now.
u farmer owes gold debt OF 500, he
must sell Loco bushels Of wheat in or
der 10 get IT. If we are on a silver
basis and silver dollars were worth
only W cents in gold. his 1000 bushels
Of wheat would bring him LOCO silver
collars. With these he could pay his !
debt as before. His 1000 silver dollars
would be the precise equivalent OF 500
gold dollars, and he would neither |
gain nor Lose. The gold standard as
sumes that the silver dollar is going
70 drop one-half Of its present value.
and still il VIII require the same
amount'of labor and the products o.
labor 10 procure it. Then il Is furthe.
assumed that il will REQUIRE two OF
these silver dollars 10 procure a gold
one. Il these assumptions were true.
IT would follow that tile free coinage
Il re-
disuse Of gold in this country. had in
no way affected the value Of silver, bur
had doubled the value OF gold.
This assumption shows an ignorance
OF the meaning OF the word value" AZ
well As the principle Of supply and Ge-
mand. The reverse would he the case.
with The American mint open. silver
wCdld be worth more than il is now and
god less. This would he true even
though parity were not restored and
gold went 10 a premium. Suppose ;ha;
under free coinage silver went 10 che
dollar an ounce in gold. This would ,
make the silver dollar worth - cents t
IN gold. The gold dollar would stand at
a premium tower silver) Of 30 cents. .
aui II would not take as much wheat
or cotton or any other product to buv I
"A gold dollar as il does now. Why not? !;
because most Of the gold forced out
o. circulation here would go 10 Europe. j
ne annual produce Of the mines would g
be the same. As a result gold would
cecame more plentiful en- that cont A
merit and the prices there would rise. l
Dur wheat and cotton and bread tufts
d Az kinds would 20 up in the Euro
lcan market. and that would carry !,
hem mp here. Thus We would be con- =
ron;ed by the paradox % gold nj Il
'remium. and at the same time cheap te
r. \ man with god mortgage on >,
us farm could pay il more easily than Ia
&c can now. \ farmer does not man OF
fracture money for lirnself-he buvs =.
with his products. and the higher
heir price the more money he can get
neither il be gold or silver or paper.
he creditor classes. by forcing the G.
pid standard upon the people have =
riNen the debtor class to oxircmitios,
aking II almost Impossible for them <
} pay their debts. Having created
lsse conditions. leaving the debtor
mos; hopeless. ;hey now tin blushing. n
declare thar if they uhe debtorsl AT. \
mpt 10 relieve Themselves. other ard
orsc conditions will arse whereby
ey viii not DC able to pay AT ais. and
viii be ruined In short.
cy now have the unfortunate dc bior
ditch from which he is sirug.
ing desperately 10 extricate himself
ID then tel him that If he does not
PIP his struggles he will I've pushed
still deeper. II such argument as
a. were 10 prevail no evil could ever
remedied.-Illinois State Register. II