The midland journal. (Rising Sun, Md.) 1885-1947, 1900-01-05

with fear and trembling, TO stop the use
Of silver as money by nations that use
that coin in preference to gold, in order
that the increased demand for gold will
keep up its price. Dear money is what
they want and cheap property, unpayable
debts and poor masses of
people-cheap men
The United States is needing silver
money and its free, unlimited coinage
more than eyer before. Ten millions of
people in the Philippine islands are silver
using people. The nearby countries of
Asia are all populated by silver money
people Our FIVE hundred millions of
silver money will commence flowing
across the Pacific ocean TO those islands
and shores as soon as peace enables trade
to be conducted freely. All of the silver
that our minis could pour out would flow
eastward if the United States proposes TO
establish and conduct full volume of
trade with the Islands and other Eastern
countries.
To supply the Philippines with $40
per capita Of American money will require
SIoo, 600, 900 of United States silver dollars
if the trade of the Islands is to be con-
trolled by the Americans. The silver
advocates have always coutended thatthe
quantity of money in circulation fixed the
level of prices, that scarce money makes
low prices and plenty of money good
prices, good times, booms legitimate bus
mess and creates work and wages for all.
By every lying device, sophistry and rid
icule-never by reasonable goldites and
their noisy parrots denied these philo-
sophical and scientific facts, till at last
their golden god has even risen up to
confound their falselioods by pouring out
a heretofore unparalleled stream of the
yellow metal from the mines. A new
process has been discovered by which the
yield of gold may be doubled by working
low grade ores, and one of their high
priests, Geo. A. Roberts, Director of the
Mint, sounds the alarm that the increase
Of gold is depreciating its value, knocking
the interchangeable gold STAFFORD theory
out, proving the claim TO be no better
than, or above that ola patent medicine
fakir's.
When silver is remonetized by the
United States government it will become
legal tender in every country i'll the
world, or what will amount to the same
thing, the metal will be worth as much as
the coin, as gold bullion is, and for
exactly the same reason. Coin as much
legal tender gold and silver as this coun-
try may. no more than its proportion of
the worlds supply can be kept here.
These metals used by the whole trading
world for money cannot be kept in any
one country They will flow like the
waters of the oceans till they establish a
common level.
The increase Of gold in recent years
amounts to more than both the gold and
silver amounted to in 1896. Then the
gold fakirs said that the coinage of both
gold and silver would cause fallin prices
and general ruin because of an increase
of money and now the increase Of gold
over both at that tine has not ruined q
single man in all the world
When it comes TO pass. if ever that
blessed day does come, and $500, ooo, 600
annually of gold is taken from the mines
and all the silver added to it, is put
through the minis, the people who la Dor
will rejoice. The farmers land will be
worth $50, 800, $50 and $Ioos an acre.
The products of his labor will pay the last
dollar of mortgage to the debt holder
and interest gatherer, and the farmer will
no longer labor for him through sum-
mer's heat and winters cold as he is com
PEELED to do under present conditions.
Let honest industry welcome the So
cent gold dollar. 1t will injure no one
engaged in honest business as the 5o-cent
silver dollar never did. 1t will only
Brighten the gold fakirs of Wall street
and the great bankers who howled them
selves hoarse and frightened simple peo-
pie out of their wits by the cry of 5o-cent
silver dollars il 1896
When a simple natural law is under
stood it will be seen that the cry of So
cent dollar was and is a monumental
fraud. The increase of anything in COM
mon use decreases its value when CON-
pared or measured by other things in
common use. Money is 10 exception to
this law. It's increase by the free coinage
of both silver and gold might have
doubled its quantity and therefore in
creased the money value or price Of all
things which are exchanged for money.
Debts of all kinds are expressed in dollars
and rise and fall in value with the pur-
chasing power OF money.
Ifmoney was doubled by the free coin
age of silver debts would lose their power
to command the amount of property they
do when money is scarce, hence a mort
gage would be Cancelled by say, the sale OF
one-half the amount of produce that is
required 10 pay it off under the gold
standard, which by keeping money
scarce makes property low in price, and
one dollar will buy as much as two when
there is full volume in circulation. This
is the real meaning of the 5o-cent dollar
deception. The creditors debt stands for
more property when money is scarce ard
the debtors property stands for more