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

(By j. H. Continuation
All the gold of Europe added to
that of America would be as
naught, compared to the private
wealth of the Maharajas Of India:
Possibly you will recall the incident
of the Round Table Conference held
in London recently, when one Of
those wealthy Maharajas (Hindoo
Prince) exhibited his personal jew
elry valued at One Hundred and
Fifty Million Dollars.
India will some day be a rich
market for worlds trade, and can
use much of our overproduction.
India, like Russia, will some day re-
volt against the despotism and
tyranny of her wealthy rulers, she
! may pass through season OF
slaughter similar to that of Russia
and the huge fortunes of the
Maharjas will be scattered as was
in Russia: Possibly Communism
will be tried for a season, but even
tually, she and all nations will be
ruled by the people and for the peo-
pie and a limited Capitalistic form
of Government will prevail.
Russia will tire of strict Com
munism and will return to a Cap
italistic basis, with Limited Owner
ship"
Many Nations now hunger for the
luxuries we have to offer: We talk
of overproduction, when today the
world is not half fed. We have
millions of bushels of wheat rot
tening in our bins, and there are
millions of people starving, does
this not prove that the worlds
trading system is unsound? Does
it not prove that our methods OF
barter and trade have failed?
Our factories are shut down and
our laborers are out OF employ
ment, and there are millions and
millions of people not supplied with
automobiles, radios, electric refrig-
Grafton, and all the comforts under
the head of Public Utilities, COM
forts. necessities and luxuries.
One of the principal troubles
with the worlds trade today, is,
1.-The Gold Standard" and much of
our troubles can be traced to our
money System" and our Banking
System"
Our trading system breaks down
because there is not enough gold IN
the world sufficient to be used as a
single standard for money, as com
pared to the wealth of the world, or
of this nation as nation.
Silver and Gold have been used
as a medium of barter (money)
since history began, but when few
of the nations succeeded in corner
ing the major portion OF the worlds
gold supply, and the wise financlers
of these few nations declare sin
gle Gold Standard and through the
manipulations of the worlds money
markets have succeeded in making
the dollar, Of more than half or the
worlds inhabitants worth less than
25c. How can we expect to do bus
mess with these peoples?
These Wall Street financiers with
the assistance of England ana
France, with others, have not only
reduced the buying power of more
than half the peoples of the earth,
but this same Wall Street crowd
have periodically worked the same
racket here at home. as / will ex-
plain later.
How can you expect our Export
Business to prosper when you COM
pare prices and values?
Prior to our season of prosperity,
the average worlds price for silver
was $135 per ounce, the price TO-
day is about 27c. Is it possible that
financiers of these Gold Standard
countries wish to make the other
peoples of the earth pay the cost OF
the worlds war through process
of demonetizing silver? If an ounce
of silver was worth $1.35 and ma.
tion's money, wealth and credits
were on a silver basis and other
stronger nations forced silver down
to 27c per ounce, as has been done,
how can you expect that nation to
buy the goods produced and offered
for sale by the merchants of these
Gold Standard Countries? During
the political campaign of William
Jennings Bryan, silver was &C
claimed on a basis with gold at
ratio of 16 10 1, it is now 76 to i.