The Peoples Voice. (Norman, Okla.), Vol. 4, No. 45, Ed. 1 Friday, June 5, 1896 Page: 1 of 8
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u
rt*
hr
Hlfoti* the law wm written Jowu with
tutr< hti. '!it or with
Before the luw made citizens, the moral
law made meu.
Law Ktaii<i for human rights, but when
it fail* those rights to give.
Then let law die. my brother, but let hu-
man being* live.
topics Wvh&
Labor U The Parent Of Capital, Encourage Lnh„r, nnd y„„ Build Up Capital.
"Our Republic can only exist
o Long as its citizens respect
and obey their self imposed laws."
VOL. 4
SOUND MONEY
Is tht' Cry Constantly Dinned in
the Ears of the Public.
By those Whose-Interest De-
mands a single Gold Standard.
NORMAN. ILE\ HLAND COL'XTY OKLAHOMA. FRIDAY. JIX E 5 18%.
A DROUTH OF MONEY
la What the Matte* are now Complaining of
and not of Unsound Money. A Money
that 8tands by the Country, De-
fends the Flag and Main>
tains it In timeof Peril
Is Sound
Money.
To the student of economics the
cry of "Sound Money" and "Honest
Money" raised by the advocates of
a single gold standard, is peculiar in
many respects, and he who follows it
finds himself pursuing a jack-o lan-
tern. Of course by "Sound Money"
these monometallism mean gold,
though why we should apply that
terin to gold only, thereby inferring
that all other kinds are unsound or
dishonest, is not made clear. If it
be true that the yellow metal is the
only honest money; then our inde-
pendence was gained .by fraud and
the war of the rebellion was carried
on and our union cemented by means
of dishonesty.
What is sound money ? Upon this
question the Southern Mercury wise-
ly says:
The gold pirates are continually
talking about "sound money," and
yet they have never defind sound
money in such terms as to give a
clear understanding as to what they
mean.
Indeed, it is quesjionable whether
they know themselves, for it is not a
peculiar or special kind of money
they want, but it is a monetary con-
dition that will enable them to con-
trol the circulation, and dictate the
prices of products and labor. Any
money that the money gang can con
trol is sound, no matter if it were
made of sows' ears.
The cry is continually dinned into
the public ears for soynd money.
While the general public, which is
the masses of the people, most di-
rectly interested are not complain-
ing of unsound money, either pres
ent or prospective, yet these money
sharks never cease their cry for
"sound money."
A money that will stand by the
country, defend its flag and main-
tain its existence in times of peril,
one would naturally conclude was
sound. Now, what sort of currencj
did this country have at the close of
the rebellion, for certainly it must
have been sound money. There was
in circulation on Sept. i
Now, a little subtraction will show
that in the eight years the money
gang has succeeded in destroying
Si,230,999,085 of this currency that
had upheld the tlag and maintained
the union of the states, despite the
fact that peace brought back the
whole southern section of the coun-
try to be supplied with currency, and
our population had increased al-
most one-half. As a result of this
bold move for the conditions tl>e
gold power* desired, there came a
panic on the country and thousands
of business firms went to the wall
and general distress prevailed. No
use to deny that this contraction of
the currency caused the panic, for
there could have been no other reas-
on for it. The panic continued un-
til the business failures aggregated
3 775 86s,ooo.
This calamity was atoned for to
some extent by the coinage of silver
and the increase of circulation, anil
the conditions became very unsound
again for the money sharks. So in
order to get down to sound condi
tions, the currency was contracted
again, and another panic much more
destructive resulted in 1893.
Now the conditions are still un
sound and the money gang are cry-
ing for the destruction of the green
backs and treasury notes, and as
sure as it is done another panic will
sweep over this country.—Co-Oper-
ator.
133,150,
28,344.742
1P6.000.000
2ir.o-;4,im
32 936.1W1
100.141-.; 12
85,098,000
1,503.020
830,000.000
I
Fractional currency.
National hunk notes
C. 1. legal tender
Five pr.ct. legal tender
Temporary loan cert's
Certificates of indebted's
l'ast due I l ean, notes 1.1.
State bank notes
Three year treat*.- notes
1'",aI tl,9M,IlIS/oii
This was all good money—yea,
even sound money—for it had been
tested in the crucible'of fire and had
proven itself to be good, pure and
sound.
But this money did not please the
gold gang, because the condition
under which it circulated were such
as to preclude them from controlling
this money and thereby dictating
the prices of labor and products.
So the money power inaugurated a
scheme to get this money out of ex-
istence, or to change the conditions,
and in eight years the following ta-
ble shows the currency in circula-
tion:
9367,001,085
Fractional currency 48,000,000
Certificates indebtedness 6ft 000
National bank currency 3.50,.*io|or i
lotul
Silver's Keen
I he keen edge of the silver ques-
tion cut its way through the National
Prohibition convention and left two
factions. The same result is prac
tically certain to occur at St. Louis,
where the National Republican con
vention will meet, anil at Chicago,
where the Natioual Democratic con-
vention will assemble. The money
question has reached a stage whert
it can no longer be compromised or
ignored. Parties and individuals
must be on the one side or the other.
I he gold advoca'es will unite as
against the friends of silver and bi-
metallism. I he logic of events will
compel the advocates of silver to do
the same. The issue must be fought
out squarely and finally, and on this
new basis parties must be aligned.
Old associations will have to be
thrown aside, and new ones formed,
just as they were in 1856 60, when
the slavery question forced its way
to the front, and Whigs and Demo-
crats, who were opposed to the ex-
tension of slavery in the territories,
came together to form a new party,
whose motto was free men and free
labor.
Much was said in those days of
the aggressive arrogance of the slave
power in its attempted domination
of the politics of the country, but it
was a mild exhibition of overbearing
insolence as compared to the de-
mands of the gold power of to-day.
The people could see more plainly
the wrongs of slave labor than they
can the effects of the silent, despotic
and far reaching policy of the sin-
gle standard advocates who are
seeking to confiscate the property of
the producing masses. Hence the
opposition has been slower in dis-
cerning the results certain to occur,
and in combining against their con
summation. Now, however, people
are beginning to realize the necessity
of unity in opposing this most mon-
strous conspiracy of modern times.
Rocky Mountain News.
Intrinsic Value.
Editor Silver Knight Watchman:
Nothing can have an intrinsic
value."—Barton, in 1696.
"There is no such thing as intrin-
sic value."—Prof. Jevons.
It [intrinsic value] is the curse
and the bane ot economic science
to this very hour."—Macleod.
Although for two hundred years
writers on political economy have
scouted the notion that value is "in-
trinsic" in anything, still this notion
continues to be "the bane and the
curse of economic science." It holds
much the same relation to the sci-
ence of economics that the idea that
the world is fiat holds in geography
and astronomy; and the Jaspers in
economics are far more numerous
than their kindred in astronomy.
If value were intrinsic—that is, in-
herent in a thing, then, of course, it
could not change; it would be the
same everywhere and at all times.
If value were intrinsic in anything it
would be in commodities like iron,
wheat or cotton. But if the value of
these things were intrinsic it would
of necessity be the same in all places
the same in Chicago, New Vork, or
I.ondcn—which is never the case.
If the value of gold, as is often as-
sumed, were intrinsic, like its color
or its quality of ductility or mallea-
bility, it could not change, but would
oe the same from age to age; it would
be the same whether there wer£ lit-
tle or much of it in the world. No
increase in the supply of the gold,
no matter how great, and no reduc-
tion, even to half the gold in the
world,could affect its value. It must in
that case be the same in all countries
and at all periods of time, regardless
of supply or of demand for it, and
regardless of whether it is used for
money or not. The same is true of
silver. If its value is' intrinsic, it
cannot change, nor could the rela-
tive value of silver to gold, or of
gold to silver, change. But we know
they have changed in value relatively
to each other, and relatively toother
things, and are changing all the time.
e know historically and experi-
mentally that these metals, like
everything else, vary according to
the law of supply and demand. If
the quantity of gold or of silver were
suddenly doubled, its value would be
reduced in proportion to the change
in the relation of supply and de-
mand. On the other hand, should
the supply of these metals, or of
either of them, fall off, while the de-
mind for them kept up, their value
would proportionately insrease. The
same would be the case if the de-
mand for either metal should in-
crease while supply remained un-
changed.
When, however, either gold or sil-
ver can be used without limit in the
payment of debts at the option of the
one having payments to make, then
the lack of supply of one may be
made up by an increase in the sup-
ply of the other. In this way the
two metals act as one, and the value
of the two metals combined will vary
as their mass varies in relation to the
demand for the whole. This is bi-
metallism.
The rate at which one thing will
exchange for another expresses the
value of one thing in terms of another.
Hence the value of one thing is any-
thing else for which it will exchange
even. The value of anything ex-
pressed in money is called price.
1 he price of a thing therefore, is the
quantity of money it will exchange
for. Hence, whatever cause affects
demand in relation to supply affects
value; whatever cause affects the sup-
ply of money, as compared to de-
mand for it, or as compared with
things to be bought and sold, affects
the price level generally.
Legislation cannot change the in-
trinsic value of anything, but law
may, and often does, affect the sup-
ply of, or the demand for a thing,
and when the law took away the de-
mand for silver for money and in-
creased the demand for gold by mak-
ing it the only money of final re
demption, it did most seriously af-
fect the value of these metals.
The truth, then, is that the value
of gold and silver, like that of every-
thing else, depends entirely on the
relation of supply to demand, or of
quantity to use. Or, as John Locke
said two Hundred years ago, "intrin
sic value in money is therefore noth-
ing but its quantity."
I he law applies also to money of
any kind, and therefore, in general,
the value,of money depends on the
quantity of money as compared with
things to be bought and sold, or the
work to be done by it. Prices, there-
fore, depend on the volume of mon-
ey, or, as Prof. Nicholson states the
law, "The general level of prices de-
pends on the quantity of money com-
pared with the work of circulation
to be done by it. As the chief value
of gold or of silver is for money it
follows that the chief value of these
metals conies from the demand of
them for money, and (hat any
change in the monetary use of either
of them must necessarily affect its
value.
When, therefore, we hear people
talk of "intrinsic" value it may be
set down at once that they are as
ignorant of the principles of mone\
as they would show themselves to be
geography or astronomy if they
talked of the earth as if it were flat
A. J. Warner.
OltKOON Kl.lrnoN.
NO -15.
( "IIIIHi.SNiOllCr'M I'rOCtMVtilljrs.
I he I'opiilistx Score a Victory,
l.lcrliiiy a Sol 111 Congress-
ional l>elegitWoii,
Klin Creek Xewn.
Kev. II. II. Everett prenche.1 Ills farewell
•eriUOIl at Harmony Mhool house S11 n,lay eve.
M'\ .1. K. LeCroy trumiacteil business In Nor-
man Monday.
Miss Lizzie .Met'racket) and Mr. Curt Parr In
attended the Children'. Day exercise* at Miniiy
Lane cliurcta last .sumlay.
Mr. Clark Mreet of Moore lias been employed
co teach fite coming term of school in district
No. 4.
< . \. Thompson is employed in hauling corn
to market this week.
Mrs, Houghton anil .Mrs. I.alrd vUlteit Okla-
homa City la-l Tlnu-mlay.
J. C. iloyl to Hie prouil owner of a cart, Ju-t
purcliase.t from Mr. cook, but John say.- 11
Isn't strong enough to carry t wo.
Ml« A,1,11. was 111.) Ku«,i 01 MIX* Mollis
Kcker Monday eve.
Mm. DtiyliotTiinii ion, II. Kverett ami wife
Mr-. 1.. Kverett, II,--. KciKn.sn„ M,„.
\ ixlleil tile a-yIuIn Molality afternoon. All ex.
presseil themselves aw very much p-ease. I wllh
the polite treatment receive,I ami say the neat.
Hess With which the institution Is kept Is u
' red It to tlie country.
II. K. "leanlsley ami W. I), sulllu, went to
Blackburn Thursday.
Mr. I.eivis has heen op the sick 11,1 the past
week hut Is better at Hit, writing.
Mr. Klorney I, to teach the Summer term oi
school in the llarbert illstrtct.
J. K. Mitchell mill wife calleil on Mr. ami Mi-
Knowles Sum lay eve.
Success to the Voick, Kern
If the national democratic conven
tion declares for free coinage the
1 eople s party can justly claim the
largest part of the credit tor it.
Had it not been for the Populist
press and its persistent agitation of
the free coinage question and the
Liold stand for tree coinage taken by
ihe Peopled Party in their National
platform the question of tree coin
age would have beeu dead, so far as
the old parties were concerned
ihey would nave continued to have
raised a big dust over the tariff to
make the people Delieve they were
lighting each other, L/ut tlie head-
iignt on the Populist locomotive
pierced the fog of their sham battle,
and now to hide its Hue inwardness
the democratic party may declare
for lice coinage, lis record lor the
past thirty years has been against
silver, but the democratic party,
like some ot us statesmen, has no
veneration for its past record, unless
that record runs oack to a time
where tlie memory ot man runneth
not to the contrary. A political
party that is too cowardly to state
in its platform what it lavors is not
entitled to, and should not receive a
vote trow a loyal American cituen.
1 he democratic party almost invar-
iably lias a plana, in its plattorm
that runs like this, "We endorse Hie
principles of government as laid
down uy Jefferson and Jackson,"
and the rest ot tne platform is de-
moted to resolutions as opposite to
the principles of Jeffersou and Jack-
son as the North pole is to the South.
Jefferson and Jackson were two men
that did not hide behind the mantle
ot dead men. It tne democratic
party will cast aside the mantle ol
Jefferson and Jackson and say what
it favors in plain language the peo-
ple will be able to determine as to
whether they are in favor of the
principles of government as laid
down b) Jefferson and Jackson. A
mere assertion, without setting forth
the principles, might be taking undue !
j advantage of the dead. The demo-1
cratic party of to-day, had it any i
veneration for the memory of Jeffer-!
son and Jackson would furnish a!
kite for its own tail instead of trying]
to attach itself on as a tail to Jeffer- j
son and Jackson's kite.
l ast Monday was State election
day in Oregon and up to this time
no roostejs or scare heads have ap-
peared in the columns of the asso-
ciated press. The returns from the
election show that Oregon will have
nothing but Populist congressmen
in the next Congress. Pennoyer,
Populist, was elected Mayor of
Portland and the legislature is in
doubt though it is thought the re-
publicans will have a small majority
on joint ballot. I he Populists have
made great gains throughout the
State and they will capture the elec-
toral vote of the State next Novem-
ber. The democrats elected one
man to the upper house of the leg-
islature and 3 to the lower. Just
the same number they succeeeed in
electing in Oklahoma.
Ed tok Peoples Vo'iok,
I want to tel. the readers of the
Voice,especially the slluktotheifriuid-
oldpartyilen, that the Pops in the
south end of the county are increasing
with new recruits every duy—they art
like hawks 240 per cent, muchly on
the swell,
Oil the evening of the 22nd ult. my-
self and anothor anarchist drovj ovei
to the Lone Star school house four
miles northeast of Lexington to ht„,
the finance plank of the Omaha plat-
form discussed. On our way we learn-
ed that nearly all the bridges wert
washed out and was told by a moss
hack that there would he no tine out
to the pop meeting, but he did not
know that middle road populists would
go miles to a pop meeting in suite of
h— or high water. We did not turn
hack, we mudde-J it on till dark when
we arrived and could see no lights In
the school house, then my pard and I
decided to hold a meeting of our own
provided we could get in through the
windows. In malting a half moon
side landing against the horserack I
belched forth 11 Whoa Coxeyl" (that's
ray horse's name) at this juncture
many voices responded, and all gave
the password "Keep off the Grass. '
On close observation -ve found the
grass in the whole front yard of the
school house wns in total eclipse with
populists, and they kept pouring in
from every direction till 9 o'clock.
We had rousing speeches by Basliam
Nesbitt, Duffy and Sproul who held
the crowd till midnight. Not eveu a
single or double mossback deserted
he meeting. Several ladies attended
and all seemed to enjoy the meeting.
A private collection outsiU0 the cluh
was taken to get Populist literature
to be distributed at the next meeting
which is Friday night June 5.
Some of the literature ordered was
2(H) "Cause and Cure''a 32 page pam
phlet by J. S. Coxey.
Everybody and his wife, mossbaeks
greenbacks and all should come out
and hear the L ind and Transportation
planks discussed Friday night the 5th
lie#" I'he Pops down b'jre have chal-
lenged the champions of the old twin
parties for a triangular sot to, but they
won't triang.
We think the Pops down here are on
the right plan in discussing and de-
bating each and every one of the planks
in the Omaha platform as it educates
the people to what Populism is in
principle.
It will soon b* the "St. Louis plat-
I irm" and then if the free silver what-
is-its fail lo get in their dirty work
at the St. Louis convention there will
be only two parlies, viz: The Peoples
party and the bankers party.
If the Pop delegates to the St. Louis
convention allows themselves to be
hoodooed, there will be one Pop that
1 know of who will ignore the United
States and flee into the Pott country.
G. M. Harris,
Coon Holler, Purcell.
oft tern.
pursuant
present a«d pre
.,1
d
# lw rm
■ 2 uo
. I ie b. aid of county com nit-.-
I "•i-riliir
in" £TpR::,'.1 v -
'"i l> v l" Jo . irvU "
' : "I l> II III', .".UM.'viV, ,'L ?
ill* proc,... I,
I rue!".!!:«::«.
an.l sliowe.1 ' "Opie-
Hoi, !. A"!..I
Is ale, gluiill house
A Well..IIHi.I, nil la; t e.ieh.-l -
J s III,'m',','„'" w"
. miliu m . kti'innt: imiiimms
'Vbcrnalb . in -h..,, n ,
• k.j, ' "HiMlwN' for pan-
I A nil,,,.,., lueieli ih ll-e .or pa„,„,r« *5 5
In Iba matter of "trerin* a bounty for woli
.s'aii'iVh;.,
ten-holy* ''kliihoina
In the matter ot otncial lion,is aiim-o*„|.
lor Viae"c'ily
oxamlneii ami approved. '
Adjoin net I .linn, ji,, | iKM.
AiN-t •
! • I''. W\ vnk,
County Clerk.
35 00
1.' Oi)
L. r. iuuKi.it,
Cliali man.
. . June. 2nd, iMOti.
* board tn«*t pursuant lo adjoiirnnuMii nil
",e ■ ■«•«<>"•
The b..,,r.l I ut, I thee, ,,le
went miller eoilslilewtlonall liny aiKlmljouni.
«d without completing the work
^ Adjourned to June .lid, |N9 i.
"sssa.
Elbert W. Hoyt of Ponca City
I- M- McKinley of Newkirk, Harry
Gilstrap of Chandler, I.on Wharton
of Perry attended the Historical ex-
ercises held in the University chap-
el last Wednesday morning. Hon.
Will T. Little delivered the annual
address, and Hon. Sidney Clark de-
livered an address, subject: "The
Historical Society and its Connec-
tion with the Coming Common-
wealth." Both addresses were very
good. Miss Grace King and the
Orchestra furnished the music for
the occasion.
,,,, , , -'uue, Hill, lHUM.
for ."! ? . "inui.v couiihimlonera in ,in,l
I'll I locum. I county. I MtlHltoniil le, rilorv nut
K1.m,,.,hM,a;'Jn"' a-ripre-M-nl,
when Ihe tallowing prue weie Iri.l
to-wit:
In Hie matter or e<|uiillz,iilon of the usueasin.nt
between I nil, r,ail 1..unships
°t Cleveland county;
'i 'he ,,.>,.,,,1 townshipiis-cssor,
of i .le\ all, n. con iii y liana* been piesehlml ,,
the la.ani anil IhoroiiKlHv examine,i. |i
dfied I hat the itv«:.viiiuiit ol html* in
(..iiiadhui tou„,|,lp bp in bed ri-om *3 37 to
.i n( or fio percent.
>« ruined iron, fit v \o
#4 TV <>r 40 per cent
nAo'per'eenl*1'1" "" « «' !-«
Brr5n, ?S!5,,p"" m'"wl
♦V's'.'or Ki per cent" ""
i-i'ili"1' "*'"p bB r'" i *i JO t<>
f.l (MS or 12 per cent.
ni't^i'cem iow'm''hl """> m-si *.'< fjtl
o^.;:;:; ,ni,n * i > t«#i.;«
|aa'cent* c"y 19 unlcreit lul-eil «
II Isor.lci-c.l tint all personal propertvm
tm.se township be raised ft p «r cent
( ii me I in n tow ii*h Ip oe mi*-,i |:j imm cent
Lexington city be miacd IHpei cent
l^hi^o" township bp raised 14 per cent.
J.lbertV township he low-red ti per rent
Lillle Kiver township he lowered I per'cent
Moore tow i htp be rained 17 per « en!
Moore city be lowered | per cent
Noble township be raised j* percent
Norman city be nil-ed ii per cent
Norman town hip be lowered I percent
hiases'lir1"'1''1"'115 b> "lu '""""I'H
Case township *12.«1, not changed
t.iuiii.lhui township la- raise.i troin |« uu
" Ii I" l'i S6 or H per cent
hexing.on city be raise.I from $12.lit! to fill >
or SI percent ' •*
'.exliigi"" township be muted from 11 i;to
14 52 or 30 per cent
I l\«i><'''V0" '1*1'I1' lje loWHre(' rrc tii 18.25 to
l.itlle Klver townnhlp be lowered from 13 15
to 12 02 or | per cent
Moore township be raised from i:i no to 11 u
or 11 per cent.
Moore city be lowered from n to ia ni m 1
percent ' *
Noble towhnhlp be raised from II 7,' to I! M
or 15 per cent."
.Nonniin city be raised Irom lH.OJl to n« si or
0 per cent
Mormuii township, not changed, 13.71.
Mules.
(.use township la? raised from f|."i 80cacli to
fid. 75 or 0 per cent
tninadiau township be raised from 15 a;, each
to III or |i per cent
Lexington city be lowered from 20 00 each to
10 20 or 4 per cent
Lexington townnhlp be raised from n 40
each lo 111.25 or 2;> per cent
Liberty township be lowered from 25.04 each
to 24 04 or I per cent.
Little Klver township be lowered from 1; ,\
each lo p; 115 or l percent.
Moore township be raised from 17 7n eu to
10 20 or H |M r cent
Noble township be raised from Hi 7:1 each t<>
IS' 24 or |ft per (rent.
Norman city be raise«l from 22.41 each lo
23 75 or 0 per cent.
Norman township be lowered from 80 eath
to 20 03 or 4 per cent
<Jatt e.
township be raised from #7 57 each to
K IK .a 12 per cent. "
township be ruiseil from T 111 each
H -is or 10 pur cent.
Lexington city be raised from T.lOem nto
l 23 or 30 per cent
Lexington township be lowered from s si to
IH or 1 per cent
Liberty township be raised from 7 7Sem h to
K.4H or 9 per cent.
Little Klver township be lowered fron - :i i
each ton 05 or I jiercent.
Moore township be raised from 6.45 each to
H 4-« or II percent.
.Moore city be lowered from H. 11 each t<- s 07
or t per cent.
Noble township be raised from 6 ' l eac h tn
H 50 or 23 per cent.
Nor.na11.Mty be raised from 12.04 each to
12 0Or0 percent
Norman tow nship be lowered from i ll ca h
to 8 «.i or 4 p-*r cent.
In the matter of accounto allowed:
. 'owingclaims were tblsdin iillowcd.
1. 1 narker, commisHloner's fees an.i
mileage $ BOO
I> N Montgomery, commissioner's f,.,-
and mileage y ^
W II Ulackwell, commissioner'!* fees and
mileage . :r)
Atljoui'iieil to .July, ti, is w:.
1)11 Wvfs-K. L V Barkeh,
County Clerk. Chalnuan.
Mrs. Edwin DeBarr has been se-
riously ill for the past -veek, but at
this writing her condition is much
improved.
Prof. Elder of the University will
leave next week for Chicago where
he will teach in the University.
Mr. Elder is a good instructor and
deserves success wherever he may
go-
Coon Bible returned from Red
Oak, I. I'., yesterday where be has
been employed by the T. M. Rich-
ardson Lumber Co. as master ma-
chinist. They recommend him
very highly. He will make Norman
his future home.
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Allan, John S. The Peoples Voice. (Norman, Okla.), Vol. 4, No. 45, Ed. 1 Friday, June 5, 1896, newspaper, June 5, 1896; Norman, Oklahoma Territory. (https://gateway.okhistory.org/ark:/67531/metadc116849/m1/1/: accessed April 18, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.