Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1899-02-09
1910.
Gold and silver.


1t would appear from the above that
| while the average value of all other
commodities has remained stationary
| in China gold has advanced 125 per
cent. and when the value of gold, ar
! tificially acquired in the minds of the
| people from the power given it by the
| government, has remained stationary
! in the United States. all other commo-
/ dities have, On the average, fallen in
! value, as measured by gold, AZ 2-5 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 7-10 cents. and to-day 471A
cents, fall Of 5334 per cent. If the
| Chinese are right in calculating the
! value OF gold at 125 per cent. premium.
! as compared with their commodities.
| ard they calculate values as closely as
any other nationality in the world.
/ prices of 1870 must be reduced 55H per
cent. before the actual gold basis viii
be reached Any increase in value from
/ this 551a per cent. reduction VIII 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 il, but the
farmer who has TO give twice as much
wheat. corn. etc. which means twice
as much OF his labor for a dollar as he
had to give before ''monkeying" with
the currency began, does not know who
did it. One thing is certain, it never did
itself. That it was done by those who
control the gold of the world and the
gold mines OF the world there cannot
be a 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 hoaTGer's holdings, The COM
modify thus favored. our friends-1he
eGemy-are pleased TO call honest
money!
''Oh. why do we wcTsLi> tbis tyrant king
And how does il come to pass
That We bow TO gold whose worth all told
So eClipsed by blade of grass?
1 suppose il is because most people
look upon gold as the money of the
OF the world and never viii be. Money
is purely d local affair. / have been
twice around the world within the past
four years and never yet have found
place outside of the jurisdiction Of the
United States where l could use any OF
oGr gold coins as money. Let any
doubling Thomas take the gold coins Of
England. France or Germany, and go
with them TO his tailor, baker. shoe
maker. landlord, or any commercial cs-
Tablisnment, except money broker,
and he will meet with the same difficult |
ties that | experienced with our gold
coins in all countries away from home. |
/ have inyaria bly, received better value |
for our '-greenbacks" when exchanging
them for the legal tender of ether coun- |
tries than l could get for our gold. For |
coming money and regulating the |
value thereof l do not believe in the |
use of either gold, silver. or any other |
commodity that can be gathered up
and logged off 10 some remote portion |
of the earth and there held until the |
usurers of the country have "gobbled" |
ali of the real estate of the people The |
use of gold and silver as money is a /
- St<n lAE II VIZ 4
wish ourselves of one we should rid /
ourselves of both and not show the ia |
yoritism we have shown for gold al the /
expense of q suffering public and of the |
advantage of an iDfinitesimal min oritS. /
The highest type of money that a stable |
and perpetual government can have is
4 treasury certificate issued by the gov
eminent in the place of interest-bear-
ing bouds-not promise 10 pay, Blu: /
simply certificate saying this is 4
legal tender for one dollar" Such |
money would be backed up by all of the
real and personal property in the coun-
try. including gold and silver, as well
as the integrity of the people. The |
great wealth OF England. from whom
we borrow. is not gold. it is credit.
Were the banks there called upon by |
their depositors 10 pay Is per cent. of
their deposits to-day, il would close the
doors of every banking institution in
the United Kingdom. Had the British /
government issued legal tender treas
ury certiaeas:s, instead of exchecuer
bills and consals, such would not be the
case, as the securities held by the bank
could be turned out as money-legal
tender. IF the silver question is .
-heresy" then the honest money.
question is a delusion and snare. Just |
as much of every thing, except gold, can |
b4 bought TO-DAY on the average with