Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1899-05-19
1870.
Gold and silver.
Average prices.


while the average value OF all other
commodities has remained stationary
in China gold has advanced 1873 per
cent, and when the value of gold, ar
tihcially acquired in the minds of the
people from the power given 1t by the
government, has remained stationary
In the United States, all other commo-
dities have, on the average, falle1 In
value, as measured by gold, 43 20 per
cent. up to last year, and to-day are, in
many instances, power! The gold
value of Mexican silver dollars In 1870
was 102 7-1O cents, and to-day M
cents, fall of Sas4 per cent! # the
Chinese are right in calculating the
value Of gold at 1875 per cent. premium,
as compared with their commodities,
and they calculate values as closely as
any other nationality In the world,
prices Of 1870 must be reduced 561a per
cent. before the actual gold basis will
be reached. Any increase in value from
this 561s per cent. reduction will be
caused by more than usual demand,
and any decline by oversupply-"over-
production" The question now arises,
Who brought about this state Of af-
fairs? We know what did it, but the
farmer who has to give twice as much
wheat, corn, etc., which means twice
as much Of his labor for dollar as he
had to give before ''monkeying' with
the currency began, does not know who
did 1t. One thing is certain, 1t never did
1o{ 1>xyf nj YpI 1n
control the gold of the world and the
gold mines Of the world there cannot
be shadow Of doubt, as they are the
only ones who have been benefited.
Their overwhelmingly colossal monop-
oily, the government Of the United
States, have Endorsed and at one stroke,
so bold and audacious that the masses
have looked upon it as masterpiece
of patriotism, have doubled the value Of
the gold hoarder's holdings! The COM
modify thus favored, our friends-the
enemy-are pleased to call "honest
money!"
'Oh, why do we worship this tyrant King.
And how does 1t come to pass
That we bow to gold, whose worth all told
80 collapsed by blade Of grass?"
suppose it is because most people
look upon gold as the money Of the
world. There is no such thing as money
of the world and never will be. Money
is purely a local affair. I have beer
twice around the world within the pas
four years and never yet have found
aplace outside Of the Jurisdiction OF the
United States where could use any o.
our gold coins as money. Let any
doubling Thomas take the gold coins o:
England, France or Germany, and 81
with them to his tailor, baker, shoe
maker, landlord, or any commercial eB
tablishment. except a money broker
and he will meet with the same Difficult
ties that ] experienced with our golt
coins In all countries away from home
I have invariably received better valu
for our "greenbacks" when exchangins
them for the legal tender of other coun
tries than I could get for our gold. Fo
coming money and regulating tn
value thereof" do not believe in til
use OF either gold, silver, or any othe
commodity that can be gathered u
and lugged off to some remote porto
Of the earth and there held until tn
Insurers of the country have "gobbled
all of the real estate Of the people. Th
use Of gold and silver as money is
barbaric system at the best. II "
wish ourselves Of one we should RI
ourselves Of both and not show the IL
voritism we have shown for gold at tn
expense Of suffering public and OF tn
advantage Of an infnitesimal minority
The highest type of money that a stabl
anG perpetual government can have
q treAsury certificate issued by the go'
ernment In the place Of interest-beal
Ing bopdsnot a promise to pay, hu
simply Q certificate saying "this Is
lsgA 4snass for ags dpllasa Such