The representative., 1900-09-27
The Money Supply.

Mckinley, in his letter of acceptance
money since he was elected. Well
there has been a little increase but
mostly through imports Of gold, but
this gold coming here depletes the
which it came and consequently will
depress prices there and lessen the
consuming ability of their people, so
that their lower prices will get GUS
toners in this country and their re-
duced circumstances will prevent their
buying as much here as usual, and so
gold will soon begin to pass back to
these countries and out of the United
States. This has always been the case
and always will be as long as different
countries have free coinage of it. The
money volume will be alternately con-
tracted and expanded, thus depressing
and raising prices every few years,
ripping the life out of business and
making continual harvest for the
usurer. But the Republican party did
not make the famine abroad and the
crops at home, which was in part the
cause of the imports of gold and an in
crease In our currency. Neither did
that party, as party, find out that
away down in the frozen ground of
Alaska there were to be found little
grains of yellow stuff called gold. But
that fact was ascertained and quite
per cent of the increase in our money
volume has been from gold obtained at
a sacrifice of life and health and the
endurance of hardships unequaled in
all the worlds history Of mans efforts
to obtain property. Part of the increase
in the money volume, it is true, may
be credited to the Republican party
the increase in national bank money.
But neither is there any glory for the
Republican party in this, for this
money was printed and issued by the
government to rich corDorations at
one-half of one per cent interest, while
the people, the wealth producers, the
men that make the nation all that
1t is, must pay, when they borrow,
from ten to fifty times this rate.
And it is in the power of these
bankers to retire this money at will
and that they may do SO is proven by
what they have done in the past. This
little increase in the money volume
that has come under Republican rule is
the cause of all the alleged prosperity
and it is not permanently will prob
ably not be a month after the election
until the process of contraction sets in.
The increase in the per capita of money
up to the first of this month over what
it was July /, 1892, is two dollars and
thirty-five cents, though it is over five
dollars more than what it was in 1896.
The increase has been small, but
has been enough to show that the
Republicans in all their long years
of assertion that there was enough
money, were wrong and that the old
Greenbackers and the Populists were
right in their contention that it was a
money drouth that was blasting the
welfare, the very lives of the masses Of
the people. The Populist demand of
not less than fifty dollars per capita is
conservative enough. 1t would bring
grand good times it is true, as the re-
| suits of the recent little increase of
money prove, but no one should object
to that. The Republicans do not prom
Use any further increase of the money
volume. They do not even promise to
keep up the money volume to what it is
! now and we do not believe they will
ut is money drouth," declared Gen.
Logan twenty-five years ago and it is
| still money drouth. There will never
be prosperity for the people until the
| reform party is placed in power, and
the sooner the people begin to vote
that way, the sooner the good times
! will come.