Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1900-10-25
The Monetary Problem.
SOME TERRIBLE cALAMITIEs.
by the Opponents of Ia
Money of the OBSERVATION-DISCLOSURES
li~cati0ns Are Wanting.

BRYAN must be a hobgoblin of the
most frightful mien judging by the
terrific nature of the calauities which
are predicted in the wake of his cleo
ton, Gov. Roosevelt says il viii mean
material disaster and moral disgrace.
a violent panic in the business world,
therefore widespread and prolonged
misery among our people" ~upsetung
the courts" etc.
Secretary Lyman j. Gage. also in
chorus, strikes a falsetto note OF ca
lamity. Also Railway President Mel
vile E. ingalls, sounds a woeful from
bone wall of tragedy, predicting a for
eign a should Bryan carry out the
policy of giving liberty to the Filipinos,
while Matthew Marshall. financial cor
respondent of the New York Sun and
Chicago Inter Ocean, gives a piccolo
shrek of dire disaster, charging that
the value of thousands of millions OF
stock would be destroyed, and re-
peats that they (bimetalists) would
rob US of our property, destroy our
business, turn over to mob rule unre
strained by courts of law, all our great
railroads, mining and manufacturing
industries" Dear, dear, how dreadful
it will be. but they do not draw the
picture strong enough. In the words
of the Scriptures, "the sur will be
darkened, the moor turned into blood,
the stars withdraw their shining" the
earth will be rent and the waters of the
ocean precipitated into the internal
fires when this terrestrial globe will
be blown into smithereens. leaving not
even one flake of dust upon another,
so dire and so dreadful will be the
calamity.
"Oh. We bankersi Oh, We bondhold-
ers! Oh, We monopolists! Do We rally
to avert these dire disasters and OF
your shekels pay, pay, pay. The cam
paign fund is hungry and the demands
many"
How cheap is talk. Yet these calam-
ity bowls were effective in 1896, soaring
many voters. Perhaps they will do so
again. 1t is hard, however, TO believe
that the American people will be twice
fooled by the same trick. The asser-
tions are powerful but the specifics
tons few. 1t is an easy matter to as
sert that the moon is made of green
cheese, but it is quite different to give
a reason for such a conclusion. We i'm
| agine that it would bother some of
these doleful pessimists to tell just why
making the dollar the common work
ing people have in their pockets as
good in law as the dollar the banker is
so careful to stow away in his vaults,
as is sought, would bring disgrace and
disaster to our nation.
Or why taking away the fat special
privilege of note issue which the banks
are enjoying and substituting in cir
culation full legal tender treasury
notes for such non-legal tender notes
would bring calamity.
Or providing a broader monetary
basis and for its automatic expansion
to keep pace with the expansion of our
| industries as m so as to give
greater stability to the price level,
which is all that is embodied in the
much abused term free silver and 16 to
/ would produce a violent panic and
endanger our national credit, especial
" as when hitherto steps in these di-
rections have been taken they have in
variably produced only good and
greater prosperity.
Also it would trouble these conjur~
ers of evil to tell why giving the FIJI.
ipinos their liberty and stopping the
wanton waste of blood and treasure
now going on would bring foreign ma
tions down upon us or would result
otherwise than in good to our own
people. This war has cost the lives Of
nearly 5000 of our soldiers, besides the
army of cripples and physical wrecks
with which its wake is strewed, and
nearly soc. 100000 O of money. Yet who
can point to a single good thing that
has been produced by this wanton
waste?
Let the people demand that those
who are 20 prolific in their PREDICTIONS
of evil shall come forward with speci-
ications. The Rural believes and is
able to give a reason for its conclusion
that the broader monetary basis, the
substitution of full legal tender mon
ey for national bank notes, the stop
page of wars waste with its stamp tax,
which the people. not the corpora
tons, pay, would result in good and
only good to the man who earns his
bread by honest industry. National
Rural.