The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1899-06-09
MONEY

~ lie WONEI.
We are told that if free coinage is
adopted the gold will disappear, and
that the currency will be contracted to
that extent. That is all for scare. The
same threat was made in 1878, but
our then patriotic congress passed the
bill in the face of the threat, and
passed it over the presidents veto at
that. Gold and silver then came into
competition with each other, and pros
perity followed, and will do so again
when the country shows itself greater
than the great money-loaning power,
whose headquarters are in London and
whose headquarters are in New York.
Let this country restore ali silver as
tender functions.
That being done, let this United
States declare that so long as gold is
used as honey 1922 grains pure
Or 25.S grains standard gold shall not
be worth more than n dollar in the
United States. 1t is we'll known that
AASIaA1O SAoNkSN NuAL du OulICc VI
gold shall never be worth less than
f3 It's. Sd. sterling. That law fixed
the price of gold in England. Now,
this great and grand United States Of
America, with its great of
wealth, and with its ireat enterprise,
can, by law, establish and maintain
that 1922 pure or 25.S grains of stand
a rH Cn0H cho11 oy1 ho ~y@~th
than 81 SO long as gold is used as
money by any nation.
England's standard Of money &C.
count is pounds sterling; the United
States standard of money account is
dollars. Now, is it fair to ourselves,
the people of this United States; that
We should take only so scarce a thing
as gold of which to make Jul legal
tender dollars or on which to base Jul
legal-tender money? l would say not,
and especially when nearly all the gold
Of the world is now owned by people in
a foreign country and the great bulk
eign soil.
Would it not be far better for us
to enact that 371A grains of pure silver
or 4l2R grains standard silver shall
never be worth less than 81 And es-
pecially SO inasmuch as so large q
proportion of silver is a product Of
our own soil? Were l to make it diff
ferent to that I would say 1853 grains,
or a ratio of 15h to !. Every voter
should lay aside party prejudice and
all differences, and look into this ques-
ton, for the very life of our nation
depends upon the rightful settlement
Of our money question.
I will put the following proposition
to any man advocating a single god
standard for our country: Suppose
that every banker who had gold on
hand had been as patriotic as Mr.. St.
John of the Mercantile National bank
of New York, who, l understand,
turned over to the government $500, 600
in gold and requested only that any
kind OF paper money be sent them
with which to do business. Now, had
the whole 1925, 900 900 in gold which is
said to be in the United States been
turned over to the government in
like manner, then the government
would not have had to give interest
bearing bonds to get the gold. Now,
had the government let all of that
GA, 900 900 out to pay on debts owing
in England, it would simply have gone
where it belongs, where it is owing,
and interest would be stopped on the
$625, 000, 900. In that case the United
States would not have a dollar OF
gold. Now, should we advocate the
claiming that s625, 900, 900 back with
us by giving IN Understanding bond,
or take and use the resources OF our
W country to prosper on and pay
our debts in our own products as fast
as we can?
II it would be better to chain it back
with US. if at only 3k per cent inter-
est, the next day We would be over
QEn0 0nG u,orr0 ~F {xL- 49, l-y r.