The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1900-01-12
The Monetary Problem.
A .srABLE" CURRENCY.
The v~~~ supply Of Gold ana ~
Bringins Prosperiss-9eia-
fses Fooled

From the remarks Of correspond
ert OF the Springfield Republican. we
iu6ge that thr people are opening their
exes 10 the true reason Of oar present
prosperity. and TO the real rei-'Ao.s
which the money question bears 70 'ns
next campaign
The democrats demanded more money
/ md hir ner- commodity and labor Pts.
ne rspubiicans said. net more nonss y, 80
I !, o-f-hrrEred cart dollar. rot Ais-t.
s~ss ~. So fle prices But What has
e r.ppenrdg God. 70 defeat satans psi
Z pror9s.-I-n. correrfi tolAr. has --.sS
I - men 20 the bowels q the eartn- 49,
| uo,i Vas on q a post. and they nave DFoesA-
/ so-th more s. Low dirt IN the 14S- mrs
wears than thc democrats have hop~l =
NJ 80 come OF beth gold and silver 20 ehA'
- sni,.- ~ hsiock-s wish and ctsiEr. We
4 rave had rrO-e money, 4ln- As va
tc,a We have had rising prices 'Aos 49,
.-s-re- Que 10 raa liner ase OF the sea o-.-
-r- !. i true. but largely Sd. LABOR 4
more fully employed ard better pAla $500. a.
80 = r4uL.scaL politicians are no"-inE.
! .BehslI our promises pros perliy. ~
. THEY FAIL TO ADD. MADE MAlNLa
| Z ON THE DEMOCRATIC OissA : - -
THREE YEARS Ago
This i pretty straight talk. and Il
. means something. IL cuts risht cow
l into The bowels Of the SITUATION. a
: YOU max say. IL the correspondent
: had felt inclined to 90 into particulars.
. he might have aCced 10 his remarks
!. about The new supply Of gold. the fact
y tha; rhe war with spain has put lHtt
I, active and actual circulation vasf
sum Of money that has been hoarcec
! IN the banks or in the treasury, THAI
!. the increase in the price Of wheat a.
the result Of European demand has
made large additions 10 The actual cir
cularfcn. and that the gradual rise II
!. urieeS has added TO the volume thus
while the money supply has not been
:. LARGELY increased, the volume Of circu-
:. Iation has grown larger and larger
i tie money coming out Of the bank
vaults as the result OF the demand foi
il. This increase IN the actual cir
- cula-iou has not only enhanced prices.
!, but the increase in prices has acceo
"a the circulation. the movement be
- ing ore il which cause and effect are
~ interchangeable and alternating
M doubt our readers viii remember
- the nonderous essays devised and pu
80 IN circulation by our gold stancar'
&c frierds in which they solemnly Pre6-ic'
- ed that IL the charged relations an
- con t..tions Of business we hac seen u
- last Of high prices. Such eonclusio'
49, was inevitable from their contentio
thar the gold standard would give Us
- sound and stable currercy- I'M
- phrase meant, IL il means anything
rem that the purchasing power OF me co
axx- lar was TO remain fixed and stable
~ inrzriab.e quality in its measuremer
- az The value Of commodities co
- lar TO be 4 sound dollar. must ha'
!. fixed relations TO the commodities x
,+ss which IL Is exchanged; these relation
80 u.ust be iriyariable, otherwise the &c
lar ! not sound dollar. and u
-, currency which il stands for i not
- stable currency. il not soundne
~ and stability were mere meaning e
80. pbrases when applied by the wrlti'
20 contingent Of our gold stan1a
friends
we think. however. that these VT
er- viii admit. if they are push
the closely. that they cic mean tha'
= ~ gold standard would result N fNea a
,-ov- stable values and pr-ccs. and tat
- purchasing power Of money wot
~. cease 10 fluciuate as compared vi
go, the value OF commodities Some
,.str- them viii 10 doubt take refuge IN !
s.-1.. snnerfcfaI statement that while prl
49,. haxr risen. the value OF the e
go dollar has remained the same.
-, he onlv real value that the golc 6
-or,ia lar can have as piece OF InoAe. :
.,,ld its purchasing power One man y
- these gold dollars with cotton DeeA
: - he wants to buy iron; another y
.'.r them with iron. because be wants
$50. sacure cotton. or cotton cloths.
- !. ware-earner buys them with his la
: - because he wants 10 purchase
! ~ and clothing. and comforts lor
- self and bis family: and so on thro
thc long and muitifarious lists OF
s--.. man wants. desires and ambitions
i. ~ when prices rise from any e
..t... xxhatever. the value of the dollar
= - ereases IN proportion Three years
- The ovuer Of money could purcha'
tom az iron for eight dollars. Ha
100 not Lost some advantage. has not
,,,ar. money shrunk on his hands whel
~.,- ENDS that he must now give 80 81
,.a-.. for ton? Under such circumstar
80 we think we would be glad 10 have
II the 5O-cent collar w., 49,. - - - :,
would loudly aEaiiis' ~ 49,, -.
cesses nave 10 ~! OF
! ana We are truly glad to see our
ecau~e standard friends 80 enthusiastic
atisfv- the present conditions OF prospe
,.r;ed This enthusiasm we can enter into
!, and enjoy most heartily. and the mo
:. The because prosperity has come as
.xceI. result Of more active circulatio
,,e-all money and higher prices I'm
suit was predicted by the democra
the outcome Of just such condi
as have recently prevailed More n
r,s IN circulation. cheaper money. ~
! ,sose prices ard prosperity. These =
Z know 20 'ogeinel- '.s.-s o.
IT from stances. 90 on -. -