On the other hand, if the money supply is abundant, sufficient to meet all demands upon it,--in other words, if there is a bountiful money crop,--it will be cheaper; it will not have such a large purchasing power; it will be worth less when measured by our labor, our lands, and the products of our labor. I oppose the single gold standard because it makes the money crop short, gives us a small circulating medium, and hence enhances the value or price of money. We have a certain demand for breadstuff, which is constantly increasing as our population multiplies; suppose that we cease producing corn, and find no substitute for it, would not the price of wheat be greatly enhanced, providing there is no increased wheat production? So with the money supply. There is a certain demand for money, ever increasing as population grows. How shall we meet it? By producing more money, or by destroying one-half of that which we now have, by eliminating one-half of the base of future supplies of money? The latter is now the policy of this government, and as a consequence the price of gold has been greatly enhanced, and its purchasing power has increased each year, and will continue to do so. The advocates of the gold standard call this "honest money." Their idea of honest money is money that ever increases in purchasing power because of its ever-increasing scarcity. My definition of honest money is: "A sufficiently large circulating medium, whether of gold, silver, or paper, to bring down the price of money so that we shall obtain fair prices for all labor and products." Then as population increases and as the demand for money becomes greater, let the government meet that demand from time to time by enhancing the money supply. III. BY WHARTON BARKER. The true test of an honest dollar is its purchasing power, and that dollar, and only that dollar, is honest that does exact justice between creditor and debtor. The gold monometallists harp on the injustice of a depreciating dollar, but they ignore the injuries inflicted by an appreciating dollar. They tell us that a depreciating dollar defrauds the creditor, but just as a depreciating dollar defrauds the creditor, an appreciating dollar defrauds the debtor, and it is not one whit worse to defraud the creditor by obliging him to accept a depreciated dollar from his debtor than to defraud the debtor by obliging him to pay in a dollar made artificially scarce and dear.