The Penn's Grove record., 1900-03-02
Law of Civilization and Decay, Mr..
| Brooks Adams makes the following i'm.

SIT appears to Do q naLuF8l law uAt VIVA
social development has reached q certain Scage,
and capital has accumulated suficientiys tne
class which has had the capacity to absorb =
shall try to enhance the value Of their properly
by legislation. This is done most easily by re-
ducing the quantity OF the currency which Is :
legal tender for the payment OF debts"
1.-THE progress of demonstration was
slow, and up to this time its injury 70
mankind has not been fully realized.
But any %retardation of the movement
to make gold more valuable does not
suit the gold class. Further steps are
now demanded in the interest OF tnat
class, namely. that all the existing Sill
yer coin shall be put out from the con-
dition of real money and placed 10 the
condition of credit money; that is,
money all of which must be redeemed
on demand in gold.
ut is, however. easy to understand
why we have not been suffering in the
United States during the last two years
for the effects of decentralization. 1t Is
simply because the balance Of trade has
been so heavily in our favor. The
dearer the money OF the world Is the
better off, for the time being, are the
money classes of the nation to which
other countries owe large quantities OF
that money.
"Why undertake by the FIRST ten lines
of this bill to strike m more blow at
| reconciliation and
FALSIFY ALL THE PLEDGES
which the Republican party and its
leaders have been making for years.
1t seems to me that the declaration for
gold in this bill is unwise, both in q
business and a political sense. There
is no need of enacting it. nc public de-
mand for it, 10 business or financial
condition which is to be helped by 1t.
The first ten lines of the bill are q work
of supererogatioD, gratifying only 10
the gold class, who are bent upon in
~creasing the value of their gold by leg
islation.
"Gold recommendation is not our ex-
listing platform. It is contrary to every
platform If the words "a crime
against humanity" do not please the
gold class, l will here and now only say
that gold monometallism is a moral
wrong to humanity. The injury done
to the people of the silver nations OF
the world by the gold nations is utterly
i~ndefensible. For the reason that the
pressure of the progress of the gold
standard is helping to grind Into power
ty and starvation so many Of the thir-
teen millions of the worlds people.
.sThe Republican party ought not to
do any such grieyous wrong. Ientreat
its leaders not to burden US with gold
monometallism, but to in un-
mistakable language our often repeated
pledges to remonetize silver. IT the
word ''gold" means gold m0nometall-
ism, it will be necessary for the golden
tongued orators Of the party TO expa.
tiate with marvellous eloQuence over the
glory to the flag coming from the wal
with Spain, in order TO overcome the
many evil effects at the polls in Nov
ember of the deep damnation of the
destruction by legislation of half the
metallic money of the nations of the
EARTH"
We will give the Understanding and
banking schemes of the bill next week.
AS most newspapers won't publish the
design and effects of this new law send
a postal card to your Congressman or
u. S. Senator asking them to send you
copies of the Congressional Record for
Feb. 10, IL and 18th, and you will be
wiser by your reading.