Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1901-04-30
Money Issues Never Ended.


The firm establishment of the single
standard. stripped of its names OF
metals, in the issue against the
double standard has only one aim,
that of making a. standard of
scarce number of units. The favorit-
ism for the gold mining industry, in
the free and unlimited coinage of gold,
with the denial of silver, and the de-
struction Of silver mining, has no part
in thought or growth of the scheme.
Speculation on the industrial conse-
quenceS in mining and smelling was
not contemplated or sought after, as
some suppose, and as well, the other
side of the money issue is not battling
for silver mining interests, as some
suppose. The ''sound money! or
single standard side, have only one
primal object the erection of an ex-
ploitation money standard, of fncreas
ed leverage over the common uses of
money. On the other side of the
money issue all were contending for a
double standard of both gold and sill
yer, making a double amount of stand
ard money, which had been and
| would continue to be for the adYan-
tagesof the sound government, sound
citizens and producers, without
recourse to trust operations, sound
debtors, removed from danger of con-
fiscation and continuous panic. This
is admitted by authorities on the
''sound money" side. Yet all that
part of the public press, and pulpit
which submits to distribute parrot
opinion, all the 'Sound money" club
men and spell binders of few or many
words get the cue to loudly proclaim
any form of plentiful standard money,
as dishonest money, as a scheme of
Reputation, as a grossly diShOnOrabIe
financial course. All because it would
take away the extra dearnesS of the
proposed dollar of payment, and also
by the plentifulness of standard dol
lars, causing rising prices, SO the dear
dollar would be deprecated from its
proposed extra par of everything else.
The fountain head, the NapOleonic
head-center of sound money cunning
in London, Berlin and Paris, long ago
decided to capture all the govern
mentS of the world to legaliZe the
scarcest metal as the standard of
money, and this program has been
successfully though slowly carried out.
Though more apprehension and con-
SeQuent cost was occaSioned in Amer
lea than anywhere else in contest
lasting now thirty years. Those who
speak for sound money, declare that
the election of 1900 was a finishing
blow to the silver question, and a
triumph for the gold question. But
the attitude of the veteran sound
money men of Europe tells us the
whole battle is shifting, and that the
long spun out world victory for the
gold standard is becoming another
Moscow, the trophy a furnace of fire
and hot ashes, evacuation forced
Again let it be said the war of money
issues is never finished.
When gold became increasingly pre-
c1ouS as it succeeded to the place of
sole metal for basic money every
where, it impelled the whole world by
necessity and ambition to delve and
devise for more and more of that
metal. So it transpires that the wide
world gold miners and the wide open
minis have brought a surprise to men
on both sides the money issue. Take
it in the United States. More new
money has been added to our circula-
tion by free and unlimited coinage of
gold than could have been derived
from the minis to silver. So all that
the double standard side fought for
in the quantitive demand has been
won by the world wide force of human
activity outside politics and lesisla-
ton. The open minis meet the re-
quirments of the paramount point of
the plenty money side, and the result
is in effect an adoption of Organism.
The increased quantity Of standard
money has made it's mark of benefit to
producers and all classes of people, in
rise Of prices here, and also in Europe
where the effect was to be expected
first. Where also was forced another
sign, in the revision of exchange
favoring silver countries. These facts
demonstrate the truth of the state
ment, lately made by high author
ity, that the gold dollar had already
comparatively deprecated to an SIS
cent dOllar.-W. L. DeYereaux in
Word and Works.