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STJPfLT AND DEMAND. The less use we hare for an article, the less will be the demand for it and the less the demand, the less will be its market value. This principle is universal in its application in regard to commodities, but it is none the less applicable to money, in which all market values are expressed When money is abundant the products which it is used to exchange, bear a higher price than when money is scarce. Even monopoly papers and politicians will admit that an increase in the volume of money will corres pondingly increase the selling ; price of products, and in this admissioa they concede every principle upon which the present demand for fin an - cial reform is based. Every dollar that is taken from the circulating medium reduces the sell ing price of commodities, while every dollar added will increase prices. The more dollars in circulation the less they will purchase and vice versa. Hence every dollar of any kind that is taken from or added to the num ber of dollars in actual circulation among the people, will correspond ingly affect the purchasing power of every other dollar. The destruction of gold coin would increase the pur chasing power of our existing volume of paper and silver money about one third, while the destruction of our pa per and silver money would increase the purchasing power of gold about two thirds. Every kind of a dollar in circulation affects the purchasing power of every other dollar. ,. We are told by the gold-bug pa pers that the free coinage of silver would drive gold cut of circulation by increasing the volume of silver money. That depends upon the rel ative rates of interest between this country and the old world. A spec ial demand for gold, where it could receive a larger reward than it can here, would certainly attract it away from us, as it is entirely destitute of patriotism, but if it left us, its entire value as a purchasing medium would be added to the other forms of money that it left behind. None of its po tential power as money would be lost, and if it was more valuable in the old world than here, exportation would be the best use we could make of the product of our gold mines. The gen eral exportation of American gold would depreciate the value of gold in other countries, while it would add to the value of American silver and pa per. The only real use we have for gold is to pay balances in foreign trade when they happen to be against us,- and this will ordinarily be met by balances in our favor without calling upon the annual product of our mines. In our domestio exchanges gold is useless as money, but oar gold pro duct in the form of bullion would en able us to take advantage of old world superstitious reverence for gold in our business exchanges with nations who adjust values to the gold stan dard. While we believe that it would be to the interest of the great mass of the people to demonetize both gold and silver, yet if we are to have the frw and Tinlimitod coinage of gold, sound policy demands that silver should be treated in the same man ner. Oar objection to gold and silver as money, is that the cost of the ma terial over and above paper is lost to the people who create products to be exchanged. This is a law created ad vantage given to the products of our gold and silver mines over all the other products of human labor. What we want is money at the cost of issue and distribntion, to make every ex change of wealth demanded by the needs of the people. When we have this the people will own the basis up on which all forms of money depend for its redemption. No person ever gets the worth of his or her money until it is redeemed in something that he or she wishes to purchase. Protection protects the money lender, at the expense of every con sumer of the products created under the system. A nation, with a high rate of interest, cannot compete with a nation where lower rates obtain, and hence the demand for a protec tive tariff. It protects high rates of interest, which must be paid by the wage workers and farmers who pur chase the products. In order to pro tect the American laborer, we should, as a nation, establish a lower rate of interest than that which obtains in other nations, and this can only be done, by providing the people with money at this lower rate. This would be easily accomplished by the nation alization of the banking business of the country. Under this system,pub lio credit, which is the equivalent of cash, would take the place of private credit, which bears interest, and the business of the country would at once be placed on a cash basis, without any violent interference with existing business methods. Government bank ing would secure to the people the free use of the public credit which belongs to the people and not to the banks. This, or something similar, must be done before the curse of us ury can be removed. Monopoly papers boast of the high standard of our public credit and the low rates of interest at which we float our bonds. If this is true, notwith standing our present indebtedness as a people, what would be the standard of our credit if we did not owe any debt at all? Aad if our low interest bonded debts based upon the resources of the people are worth a premium, could our money, based upon the same resources and always redeem able on demand in anything the peo ple had for sale, ever be depreciated, except by the power of the law by which such money, was iasued? The banking, railroad and manu facturing monopolists haVe been liv ing in clover for many years under the conditions legally established by the old party machines. The boodle has been unlimited and the machines have been in the full enjoyment of the only heaven they have the capac ity to appreciate. But the people are getting on to their little game of sub traction and division, and the old party politicians are learning that hell begins where the sinners can no longer bide. I An increased volume of paper money, good for all the demands of domestio commerce, would stimulate production, increase exportation and the tendency would be to increase, rather than to decrease our supply of Government has established a precedent by loaning to corporations which had no great need of money. On the same principal the govern ment might loan direct to the people on property which is the kind of security which gives value to bonds. This would create a source of revenue that would take the place of the only legitimate excuse for a tariff or any other form of indirect taxation. The Lawrence Journal recognizing how completely Farmer Funston has been flattened out by Jerry Simpson, gives the representative from the Second district some wholesome ad vice to write home and get his wife to tell him something about farming in Kansas. Here is the way the Journal says it: It Farmer Funston really knew something about farming be could probtbly tay something that would quash the other mouth farmers of the present Congress. He ought to write home to his wife and get some pointers from her as to how she manages tMngs If it is true that the relative value of gold and silver has been changed by the relative scarcity or abundance of these metals it demonstrates that intrinsic value is not a property of money,and that the so called precious metals are too unstable in their char acter to be accepted as a standard by which to adjust the market value of other commodities. Stability in the market price of commodities can only be secured by stability in the supply of the medium by whioh they are ex changed. If it is intrinsic value that makes money the large out put of our silver mines could not have changed its alue as assumed by the goldites. In trinsic values are inherent,permanent and unchangeable. The market pricej however.of both gold and silver areaffecledby extrinsic causes. We protect .gold from market fluctuation byxing a price m legal tender m-ney for all the gold that is offered at the mints. Hence by this extrinsio influence we give it a seeming stabil ity in market value. It is a significant fact that the nine North Atlantio states, the center of the banking, railroad and manufact uring interests of the country, with only 20 per cent of the population re ceived 41 per cent of the national in crease of wealth during the last de cade, while the 21 producing states with 56 per cent, of the population and 6 times as many acres of land and immensely more productive soil received but 23 per centof the wealth created by the labor of alL The dif ference in favor of the nine North Atlantio states consists of the interest on money, exorbitant charges on rail roads and indirect tax on articles of consumption, paid by the people of the producing states as the direct re sults of vicious class legislation, for which the old political party ma chines are rts?eaibl.; How.ia the name of common sense and common, honesty could we entertain a propo sition to fuse with either one of these excrescencs which corrupt the body politic. IT IS PAID FOR. Parties who receive' The Advocatj and who have not subscribed for it, need have no fears about taking it from the ofHce. The Advocate is never sent to anybody with a view of asking pay for it afterwards. It is paid for if you receive it A cash basis does not necessarily imply that we must issue a dollar in money to meet every dollar of indebt edness. Money itself, regardless of material, is based on public credit, and hence this public credit which belongs to the whole people, the great mass of whom are debtors, is the equivalent of cash. If the govern ment was exercising its unrestricted right to issue money and was at the same time the custodian of all de posits, the people would have the un restricted use of the publio credit, to the extent of the value of the wealth they had to exchange. Under such a system of financial exchange, a gov ernment certificate of deposit, or a certified individual check or draft would be the equivalent of cash and would settle all obligations as effect ually as legal tender money, whether paper or metal. All business ex changes effected by means of such evidences of deposit would be to all intents and purposes cash transac tions, as the power securing such forms of credit would be the power to create money. WIIO IS THE RaVELATOR ? To the Editor of Tns Advocate. I was much amused in reading IIos ford's attempted answer to Tns Advo cate's questions In reference to what constitutes the "property or quality of gold and silver upon which its Intrinsic lvalue depends." Evidently the fellow never had an original thought or Idea of hie own In bis life. lie swears by the Capital; It is his text book; he is trying to shine through light reflected from that great luminary. But It Is not an electric plant; It is on the rush light plan, and of a poor quality at that; a glimmering, sputtering, spitting character. But the moat amusing thing Is the following: MWho will have the hardihood to deny that the Creator intended gold and silver to be the materials and basis for money?" Now, the query with me is, who is It that has been on such Intimate terms or relation with the Creator that lie re vealed Ills intentions to him In reference to the basis for money? Has another Moses come to judgment? It must be, as the decalogue says nothing about money. By all means let us know who this second Moses is. I would refer it to the Capital for an answer. It would be no use to ask Hosford for an answer, as he would hare to go to the Capital for his insplratlno.and I prefer to have It direct from headquar ters. Indirect methods are v hat I object to; that Is a principal objection to our mone tary system, particularly the basking feature of it; Instead of furnishing the people directly with the use use of their credit, they first loan the people's credit to corporations at 1 per cent, and then" the people hire their credit back from these corporations at from 10 to 38 per cent, and even more In many Instances. Please let us know to whom this secret was revealed; it may solv this much vexed question. A Datidsok. Prairie Ylew, Kansas.