The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1900-05-04
A GOLD STANDARD.
re Country IL at Last Tied 10 the
Vicious syste m-True Import
Ut Action.


VI Action.
The presidents signature to the
monetary bill placed the United States
legally upon gold standard. The
true import of the step just taken Is
not yet apparent and it's baneful ef-
feet may not be felt Immediately. 1t |
ia step nevertheless that must sooner
or later be retraced unless our peo-
plc choose to go voluntarily into per-
petual servitudc to the holders OF the
vast indebtedness, public and private
standing against our people.
This legislation is the seal OF the
authority Of the American people. In
the last election 100000, upon
that issue alone, declared against
such a measure and in favor OF
the restoration of bimctallism by
the United States alone. while over
1000. 900 voted to maintain the status
quo until foreign nations could be IN
duced to join us in an agreement TO
maintain open minis to the unlimited
coinage Of both gold and silver.
1t is true that small percentage
of those who supported Mckinley upon
the above pledge were conspirators
against the people and had made a
secret bargain with the Hannaites
| that. in consideration of campaign
funds to be furnished by them, the
pledge was not to be kept, but this
class was numerically small, probably
less than one per cent. of the voters
who supported the republican candi-
dates.
A closer analysis of the vote shows
that BRYAN received not less than
1900 900 majority of the votes OF the
intelligent thinking people OF the
country. This fact is at once appar-
ent when we realize that about 2,O0O,-
600 colored men voted for Mckinley
and that his majorities were phenom-
cnai in the few states dominated by
corporations where the weak and help
less laborers were brutally inundated
by the threat of starvation for them
selves and families.
In 1896, when the election occurred
the gold supply of the world was not
phenomcnally large. No klondike or
Cape Nome had been discovered and
the Weld of Colorado and South Africa
was small compared with the present
At that time falling prices prevailed
throughout the world and contract
ing money volume. depreciating the
value of labor and property and en-
HANGING the value of money, was in
terrupting enterprise and transfer
ring the property of debtors TO cred
itors unjustly. 1t is at this time tina
the Hannaites now admit that n pledg'
was made that they now claim TO hav'
redeemed by the passage Of the mon
ctary bill.
To whom was the pledge made il
! 1896 to establish gold standard? N
such pledge was made in any platform
. Of any party except by the few Cleve
!, landites who assembled ut Indianapo
lis. No pledge was made in the re
publican platform TO retire the green
. backs and treasury notes and max
room for national bank notes, n
! pledge was made in the republican
platform of 1896 to reduce silver I
token coin on a par with paper, to b
redeemed in gold. Therefore IL Is in
tcresting to hear the Hannaites no'
: claim that the passage Of this bill
: the redemption of pledge made a
: that time. because it will cause tn
!. people to ask the question: To whor
:. was such pledge made?
IL it. were not for the unprecedente
: yield of gold from the mines at tn
I. time the passage of this bill woul
70 mean the destruction of industry M
- shrinkage of values that would
!, frightful to contemplate. The evil e
:. fccts Of the bill are postponed by acc
. dents that could not have been know
: to any person in 1896. The gold cor
. bination who secretly plotted to co
fiscate the property of the wor
through contraction OF the mon'
|. supply. to whom the Hannaites ma,
,r their secret pledges to pass this hi
n. did not know that klondike and
= Cape Nome would be discovered.
- that the mines of Cripple Greek won
~ develop into such treasure hous
10 neither did they know that the c
m anide process, which was in an exps
IN mental stage at the time, would
ID cheaper the production of gold al
n correspondingly increase the prof
a, Of mining; that the Witwatersra
al reef in South Africa. which was haI
20 ly paying expenses and was ID
he slightly developed in ls06, would U
M der the impetus of the cyanide pre-
en- ess become the greatest producer
-. the yellow metal the world has c,
to known.
as The money supply has increas
he through the abnormal production
rs gold until gold alone now furnishes
he much money as gold and silver
he gethcr would have furnished in IS
ay This condition has not only arrest
an tho universal fall in prices that h
is. been going on for a quarter OF C
as. fury, but has actually caused slie
advance in prices.
rc. These unforeseen accidents have