Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1931-11-05

In January, 1881, the fall of the
Mexican Silver Dollar in China,
touched the low mark of 22.12
cents gold, or less than 25c.
This low level of country's cur
rency of necessity curtailed pur-
chases abroad and cut down her
imports. If Chinese, Hindoo, Mex
ican or native of Siam, could, a
few years back buy an automobile
made in the United States for ST.
100000 and the price gradually rails
ed so that this same automobile
will cost 100000, would you ex-
pect hicl to buy?
The total cost of the World War
Is estimated at 1876 billion dollars.
II you will estimate the loss to the
peoples of the earth through the
demonetization of silver and add
the losses sustained by the business
men of this nation during the past
half century, caused by money
panics, caused in turn by our Gold
Standard, you will find that the
Gold Standard has cost the people
more than the cost of the World
War: And the profits gained
through the manipulation of the
worlds currency is now in the
hands of these individual financiers.
If this staggering amount of
wealth was in the hands of the
Governments involved, it would not
be so ridiculous, but to think that
these very gentlemen who have rob-
bed the nations of their wealth,
caused millions of bankruptcies in
this country can now sit back in
their Wall Street offices and dictate
to the nations; they are now in a
position that they can practically
make or break nation; they can
loan our Government millions or
billions of dollars, if it will ease
through legislation to enlarge their
wealth; or if Political Party has in
it's platform one or more planks
that is to them undesirable, they
can take all our currency out of
circulation and thereby throw labor
out of employment and cause a
panic as was done in the Cleveland
administration, and others.
Now readers, put this in your
pipe and smoke it: Unlimited
Wealth is our greatest danger" A
25% Export Duty on outgoing
wealth is the most needed legisla
tion today, with other needed leg
islation to follow:
THE GOLD STANDARD
Has Been Tried in the Balance and
Found Wanting
In January, 1881, we discover
from statistics that our foreign
trade had a decline of $2,737,O
600.
Our Export of automobiles alone
dropped off 500; one writer states
in the daily press that wheat prices
are lowest since the reign of Queen
Elizabeth, then later that wheat is
lowest since 1852. In 1890 our
trade with other nations shrunk to
the lowest level since 1922, but can
you imagine it to be otherwise,
with the U. S. Gold Dollar worth
$4.35 in silver currency?
Any country, whose dollar is re-
duced to a buying power of less
than 23c is in no position to buy
foreign goods
In August, We learn that Russia
was trading gasoline to South
America, taking blooded cattle in
exchange, and that we were trading
wheat and taking coffee in ex-
change, all on account of a demor
allied worlds finance system.
Brazil burns thousands of bags
of coffee in a big bonfire, Cali
fornia destroys a portion of her
peach trees and grape vines to
lower production.
American cotton growers are ask
ed to plow up every third row of
standing cotton: What confession
Of failure: What a mimicry of JUS
tice.
WILL CAPITALISM FALL?
Unless capitalism can and will
give to the world a standard of
living superior to communism,
capitalism will perish
l am not in favor of Communism,
and before proceeding further, let
me advise as follows:
/ am an American Citizen, born in
Schuyler County, Illinois, U. S. A.
Served my Country as member of
4th Ohio Volunteer Infantry in the
Porto Rico Campaign during the
Spanish-American war
| am of the people and for the
people; | do not believe IN the rule
that says: might is Right" / be-
lieve in God and the Golden Rule.
advocate the right of Free
Speech | do not favor Internation
alism, Communism, Socialism, Athe-
ism or any other Ism, except
"Americanism. My definition of
Americanism, is: An unfailing love
of country; loyalty to it's institu-
tions and ideals: eagerness to de-
fend it against all enemies; undi-
yided allegiance to the flag; and
desire to secure the blessings or
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