Gunnison news-champion., 1919-08-29

law or international agreement. should
constitute the basis for the money OF
the world, the money Of ultimate re
d"mption, the money in which all
other forms OF currency and the prom
Iscs of Governments, corporations and
individuals should be redeemable.
Silver and gold, linked together at i
fixed ratio, no more constitute 4
double standard than bar of bullion
composed of the two metals mixed and
welded together could be used for two
weight balances on a scale instead of
for one. ALL the gold and ALL the
silver constituted the foundation in
this system the gold being counted,
for measuring purposes, as worth six
teen times Is much for Il given guam
tity of silver.
The well-planned scheme of the
worlds money master TO despoil the
many and enrich the few prevailed.
The men who planned the demonetiza
tion of silver labored under no delu-
sions. They wanted MONEY MADE
WORTH MORE IN PROPERTY; the
silver men wanted PROPERTY MADE.
WORTH MORE IN MONEY. The
men who masqueraded Is advocates of
their so-called single standard wanted
LOW PRICES because they had
money which they we're being con-
stantly compelled 10 convert into
property: We wanted HIGH PRICES
because We had property which we
We're constantly being compelled to
convert into money in order to pay
our obligations to the men who had
the money. So you see il WIS not 4
question of STANDARD, il was a
question OF QUANTITY that WIS in
volyed. We maintained that the
greater the quantity of money in the
world or country the higher the level
Of prices and that as adding the guam
tity of silver to the quantity of gold
Mt fixed ratio would increase the to-
tai quantity of money by n sum equal
to one-siNteenth Of the total quantity
of silver, prices would rise according.
The world was then almost in n state
of coma. There was not enough blood
in the business body to maintain
healthy circulation. The beneficiaries
OF low prices could not successfully
refute our argument-the history of
the world confirmed our contention, SO
they resorted TO the bunk about
double standard" shortening a
yardstick" and "fifty-cent dollars" ;"
and. as in the matter of the tariff, in
duced their deluded victims to vote for
their own undoing.
The money kings are getting ready
to turn another trick. They unblush-
ingiy recognize the truth of the con-
tention of the silver men of 1896 that
more money means higher prices by
attributing the present high prices to
an increased volume of currency. AL
most daily now the dispatches carry
news of action of Congress "looking
to the defiation of con-currency." The
same interests which demonetized
silver and prevented its remonetiza-
tion are getting ready to fleece the
lamb, TO skin the sucker again and the
press of the silver producing states
seem utterly oblivious. That veteran
and valiant warrior of the Silver Fight,
the Salt Lake Tribune, hero of humid
red iousts-and better lance was never
tilted-recently printed letter from
London, showing that the propaganda
is on.
The article advocates the exporta-
tion OF gold to barbarous and semi
barharous countries where il will be
melted and retired from circulation.
The article purports to be written by
Floyd Macgriff. canny Scot, no doubt,
described as international News
Service Staff Correspondent the
discredited Hearst organization for
hidden access to Britain during the
war and now. doubtless, paying part
of the price of reinstatement. If the
people do not wake up. another and
greater "crime of IS" will be as
steathily perpetrated. The price Of
/, silver is being purposely kept down
by concentrated government action
simply to please and profit England
All sorts of plans are being devised tc
keep gold out Of circulation. Some
American bankers have been bold
enough to announce an unwelcome
greeting when large imports of gold