Honest Dollars

Cover Honest Dollars
Honest Dollars
Edward Alsworth Ross
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If a mischievous boy pinches the tails of tabbies peace- fully sleeping before the fire they will promptly begin to spit and claw at each other. So with our pro- ducers. Angered by the failure of business calcula- tions and by the unaccountable fall in the value of his products, each has turned on the nearest group and engaged in a struggle with it. Laborers and capitalists, farmers and railroads, have been jostled against each other till there is a feeling of rancor aroused that bodes ill for ...our future.
I have considered the ruinous effects of the gold standard. What compensation is there for it? It is said by the gold men that, whether we like it or not, gold has by perfectly natural evolution, due to the preferences of the commercial world, become the principal money metal; that, therefore, we must ac- cept it and make the best of it. The argument is not convincing, however, the moment we discover 86 AN HONEST DOLLAR IS the true history of the present domination of gold. Yes, gold has got to the top, but it has been helped there.


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