Iron County register., 1900-05-17

| Yet they tell us these countries are
! on the gold standard, and the bankers
/ in their conventions state they want
| the money of this country the same as
| in these countries named. so that when
they speak of the dollar they know
what it's value is the same as they do
when they speak of the pound of Eng
| land. the franc of France, or the mark
| of Germany. Are these great finan-
ciers so ignorant that they do nc:
| know that the same thing compare; {
with itself in value never changes any
more than the dollar that was estab-
| lished in 1899. containing 371A grains
| of silver, made the dollar then as il
| does now, when it contains the same
number of grains, but the value of the
| dollar, in comparison as to what !:
| will exchange for in products, changes
under the laws of supply and denlano
| the same as other things. In this coun-
| try-or the pound in nsland-wher
| it will not buy as much of our wheat
as it did at some other the pound de-
preciated in value in comparison With
the wheat, though the pound contained
the same number of grains of gold
and the bushel contained the same
number of pounds or cubic inches o.
wheat.
The decision of the courts is II
this country as well as other countries
that the value of the metal or material
of which money is made as a com.
modify has nothing to do with the
value as the currency of a country.
illegal tender decision May 1.1s71, IL
Wallace, page $40: "The constitution
does not ordain what metals may be
coined or prescribe that the legal value
of the metal when coined shall CORE
spond at all with the intrinsic value
in the market" Page 54s: "But the
obligation of a contract to pay money
is to pay that which the law shall rec
ognize as money when the payment is
to be made. If there is anything set
tied by decision it is this, and we dc
not now understand it to be contro-
verted." Judge Bradley in his opinion
page SOS. referring to mixed money in
England, the decision is found in Sir
John Davis report (page 4s). holding
the same views, and there was not a
judge dissented as to the value of mon
ey coined from silver and gold"
The gold standard is used to induce
the money grabbers to join the con-
spirators in getting the people into
their hands as well as they have got
the control If the government and
most of our .gislatures to enact laws
for their berefit, knowing if they can
control the amount of money and is
sue the currency they can regulate
the value of money through the law
of supply and demand, thereby con-
trolling the value of labor products
and all property.
One of their tools in congress told
me that if we opened our mints to un-
limited coinage of silver it would raise
the prices of products and labor, but.
said he, when you raise the price of
labor and products to the masses.
what are you going to do for those
who live on the interest of their
money annuities or stated salaries.
he was looking out for, and not the
masses. Again, he stated that we
from the west proposed to have some
legislation for our benefit, instead of
those fellows down east, admitting
that instead of looking after the in
terest of his constituents he, with
others, had been looking out for the
interest of those who furnished means
for the campaign funds.
He has been shouter for the gold
standard, that gold was the standard
of value in all civilized countries; yet |
he comes in and votes for the commit |
tees financial bill. that says s'the |
standard unit of value shall then, as |
now, be the dollar" Where has the |
gold standard gone? Their bin shows |
them to have made false statements |
as to what the real standard of value /
is in this and foreign countries.-Na-
tional Watchman-