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Story July 31, 1896

The Ohio Democrat

Logan, Hocking County, Ohio

What is this article about?

Editorial from Omaha World-Herald critiques William McKinley's speech on maintaining the gold standard, questioning why the U.S. issued $300M in bonds for gold if all dollars (paper, silver, gold) are equal in value and purchasing power globally, implying deception in claims of dollar equality for farmers, workers, and pensioners versus creditors.

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EQUAL DOLLARS.

A Few Pertinent Questions Asked of the
Goldbug Presidential Candidate,

In his address to the "notification
committee" Mr. McKinley said:

"The money of the United States
and every kind or form of it, whether
of paper, silver or gold, must be as
good as the best in the world. It must
not only be current at its full face value
at home, but it must be counted at par
in any and every commercial center of
the globe. The sagacious and farsceing
policy of the great men who founded
our government, the teachings and acts
of the wisest financiers at every stage in
our history, the steadfast faith and
splendid achievements of the great party
to which we belong and the genius
and integrity of our people have always
demanded this and will ever maintain
it. The dollar paid to the farmer, the
wage earner and the pensioner must
continue forever equal in purchasing
power to the dollar paid to any government
creditor."

If under the "existing gold standard"
every dollar, "whether of paper,
silver or gold," is "the best in the
world," why was it necessary for this
country to issue $300,000,000 in interest
bearing bonds to obtain gold?

If under the "existing gold standard"
every dollar, "whether of paper, silver
or gold," is "counted at par in any and
every commercial center of the globe,"
why was it necessary for the government
to issue $300,000,000 in bonds to
obtain gold?

If under the "existing gold standard"
every dollar, "whether of paper, silver
or gold," is "equal in debt paying
power," why was it necessary for the
government to issue $300,000,000 in
bonds to obtain gold?

If the dollar paid to the farmer,
the wage earner and the pensioner" is,
under the "existing gold standard,"
equal in debt paying power to the dollar
paid to the foreign creditors of the government,
why was it necessary to issue
$300,000,000 in bonds in order to "maintain
our credit abroad" by paying our
foreign creditors in gold?

Under the "existing gold standard,"
which Mr. McKinley's platform says
"must be preserved," the silver dollar
which the wage earner, the farmer and
the pensioner gladly accepts is not equal
in debt paying power to the gold dollar
when the foreign creditor of the government
is to be paid off. Mr. McKinley
knows this to be true and he regards
very lightly the intelligence of the
American people when he imagines
that he can make them believe that the
equality of the American dollar, effect-
ually destroyed by the gold standard,
can be restored by "preserving" this
same gold standard. - Omaha World-
Herald.

What sub-type of article is it?

Historical Event Deception Fraud

What themes does it cover?

Deception Justice

What keywords are associated?

Gold Standard Mckinley Speech Currency Equality Government Bonds Economic Critique

What entities or persons were involved?

Mr. Mckinley

Story Details

Key Persons

Mr. Mckinley

Story Details

Critique of McKinley's address claiming equality of all U.S. dollars under gold standard, questioning necessity of issuing $300,000,000 in bonds to obtain gold if dollars are equal in value and purchasing power worldwide, especially for farmers, wage earners, pensioners versus government creditors.

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