Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1931-11-26

! 16 to 1 and we have a market oi
| 76 to /, we cannot satisfy all or
either basis, and l suggest that we
declare the double standard on g
basis of 80 to l.
THE DOUBLE STANDARD Sill
YER ON A BASIS OF 30 to
This will not right the wrong and
| injustice done to the nations who
have been robbed by the GOLD
Standard, and this ratio of 80 to ]
will not satisfy all our old 16 to /
! Free Silver friends, but will even.
/ tually bring all nations closer to-
| gether in bond Of harmony and
( the worlds trade and barter will
be on a firmer foundation, conf
| dence will be restored, our exports
| will grow to undreamed proper
tions, our American labor will be
employed and happy and the world
will take on new lease of life
To degree this will remove the
weapon from the hands of Wall
Street, with which it expects to
conquer the world; the weapon of
| GOLD"
HOW ARE WE TO ESTABLISH
THIS DOUBLE STANDARD?
We have in circulation and in the
vaults of our Treasury 5OO,OOO,.
900 fine ounces of silver; before de-
claring the double standard, it
would be well to purchase on the
open market 100000 ounces
of silver, thus giving us practically
one fourth of worlds supply, and
thereby assuring ali nations that
we have changed to the DOUBLE
STANDARD for all time. If this
purchase of silver be made on the
present market, we double our cap
ital when the new standard is de-
clared.
Let us tell the world we want
more money, let us tell our Legis-
lators that we want the DOUBLE
STANDARD, Silver and Gold on a
basis of 80 to l. This will double
the worlds currency and revive Ex-
port business as nothing else will
do.
/ will now close this article
have given the views of "The Ohio
Rambler" on three subjects: Pro-
hibition, Money and Safe Banking.
Other subjects will follow soon.
Please allow me once more to
ramble from my subject:
| notice in recent article in
praise of our Ex-President Coolidge,
saying: "Under his administration
the country was prosperous; plenty
of jobs; money circulating freely;
full dinner pals, etc." but this
writer failed to note that it was un-
der that and former administra-
tions, that wealth, greed and that
gambling hell of Wall Street and
the New York Stock Exchange and
Bucket Shops were allowed to rob
the public and pave the way for the
depression that now exists, and
thus place the earnings and savings
of the nations farmers, laborers
and consumers in the pockets of a.
few scheming financiers, gamblers
and political favorites.
GOLD, GOLD, GOLD. If William
Jennings Bryan could make
speech before the next convention,
he could truthfully say: "You have
crucified on Cross Of Gold, 500
of the worlds population
If the Stock Exchange, and
Brokerage offices were carried on
as strictly legitimate business,
buying and selling of stocks by bon
aide buyers and sellers, such stocks
and bonds being bought, paid for
and delivered to bonaffde buyers
and sold by bonafide owners and no
sales on margin, and no short sell
ing, If it was conducted for sale anI
investment purposes only and the
gambling element removed and the
investing public protected from
fraud, such calamities as we have
experienced could not happen.
Wall Street can best be described
as "Giant Octupus" with tentacles
reaching out to all nations of the
earth and entWining themselves
about the industries, public utili-
ties, production and marketing of
all our resources. These sucker like
tentacles are sucking the life blood
from our. states, cities and rural
sections, removing our LIQUID tax
able wealth from local taxation ana
thus causing an unbearable tax
alton on farms, real estate and re-
naming local wealth.
A farmer would be prosecuted
and placed in Jail if he sold a farm
that he did not own, then why
should another man be allowed to
sell share of stock or a thousand
bushels OF corn which he does not
own?
THE SWOPE PLANS
While some of the ideas in the
SWope Plans might be worked out
to some advantage, as a whole it is
too complicated and unworkable:
This plan coming from the source
it does, shows that Capital knows
that legislation to better our eco.
nomic condition is inevitable, but
any plan coming from the ranks of
Great Wealth should be under sus-
picion and fully scrutinized before
taken seriously. More On this sub
Ject in following articles.
Notice: Labor, Labor Unions,
Farmers and Home Owners, Ex-
Soldiers, Independent Merchants,
Small Manufacturers and Producers,
Consumers and Tax Payers; look to
the next article in this series for