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Show All For "Sound Money" A GENTLEMAN in New York writes to his ll newspaper that he is paying for his eggs 1H precisely the same price per dozen that ho paid in 187G and cannot understand it. He ought H to. If he will look over a New York newspaper's M price list in 1876, ho will find that gold was sell- H ing at a premium of perhaps 25 per cent over the legal tender notes, which constituted the money M of the people at that time. M Now he pays in the same currency which, by a M fiction of the law, is called "as good as gold." The difference is that, in 187G, gold was at a premium H over paper. Now they are, in theory, of the H same value, but ever since the demonetization of ;H silver, gold has carried an inflated value, meas- H ured by all the products of labor, and as the 1 paper is redeemable in gold, it, too, has the same inflated value. The inflation of gold was 50 per cent, measured by all forms of property, save Interest-bearing se- fl flg85& Ao4jJgUJg?.aB qnJmlteof the world's realnioneywasclgeJdfrdni primary M money to a commodflytlroWhole Jburaen "was placed upon the other half, and that it doubled M that is, that all other forms of property, measured rH by it, fell fifty per cent, was but the action of tM an inviolable law. H Is it not jolly to look back and remember how H rejoiced the Eastern people were to see their H property fall 50 per cent in valuo, In order to se- H cure what those benevolent Eastern intorest- H gatherers called "sound money-," That the gxeat H accumulation of gold since has reduced, in this H country, the premium on gold about one half, or 'H to about the difference between gold and legal H tenders in 18G7 but it still maintains its full pre- H mlum when measured by the products of the H Orient; hence our export trade is killed to that H country while the Chinese can send to us their H silk and rice and wool and iron and steel and H all the multitude of their products at prices which, H 'measured in our money, are 50 per cent cheaper H than they were in 187G. We have seen exhibited jH by our congresses and presidents and our great H Eastern press some wonderful statesmanship in H these last twenty-five years, have wo not, in order H to secure "sound money?" But how much of that H sound money have you got? H |