Mexico weekly ledger., 1879-05-22

age. The man that owed $1,000 in
1873, if he has to pay it now, practi-
csily yves 81, 600, and the debt OF
my state OF the nominal amount of
millions is really thirty
five millions. 1t requires two bush
els Of wheat now when n would
have sufficed in 1873, and two days
labor must be performed when one
would have paid the same debt five
years ago. In fact the debtor who
has n debt contracted in 1878 or
1874, and would offer to pay in the
SILVER dollar at its bullion price,
eiahty-fve cents, would find that he
had offered to discharge his debt at a
ruinous sacrifice to himself, because
his property has been deprecated by
the appreciation Of gold in a much
greater ratio than the difference be-
tween the market value of silver and
gold.
Nevertheless, we are being con-
graduated that our exports are in
creasing, and that the balance oftrade
Is largely in our favor. With the de-
pressed prices of labor, how can this
be? 1t surpassss my comprehension!
With untold amounts Of debt to be
discharged by the products of labor
NJ gold prices, the future Of the pro-
Queer in this country is in my opin-
ion pregnant with gloom and alarm.
Our vast exports are but the measure
of our sacrifices, the monuments O
our ~privations AID sufferings.
II the decline of silver is due to it
demonstration, this bill win increas
demand for it and restore its value
Government will become . bidder TO
every ounce of it raised in the Rock
Mountains and such legislation ca
be well justified on the ground
snanaS : sre docking 20 tdSl
however BY higher c y :
Jlsace to the labonng classes ever
WHERE and of fair dealing to ever
oVer-burdened tax payer and ever
unfortunate debtor, for there a h
no prosperity in this country, 20 lon,
~ io~ prices rule, and the hesv,
burdens Of taxation and deb, ex,r.c
its lffe's blood.
Some opponents Of tbis u...,.,
say That IT it is adopted the silver q,
Ine world will food our mints. viii
o'ner countries make us a present Of
i''or it comes, will they invest it in
our wheat, corn or pork or soms o.h.-
agricultural, mineral or manufactur.d
.ouA IN" thus change tb~ advance
IN prices is wLS.-~ sieeded to Impair,
new life to business and stimulate in.
dustry. And while this country il
being made The 'sdumpino
gronnd'' Of the silver of the world
what effect viii that have on the re-
iatave values of gold and silver? II
the United State, shall use the pro-
oact OF her mines, forty-ive millions,
ana other peoples surplus stock, will
gold continue to be rated at is Der
cent. above silver or will the two
metals stand upon an equality or
nearly so3 viii not our example be
followed and The mints OF the world
De open again to silver coinage and
the "clipped dollar equal the gold
dollar?
Strange enough there are other op-
ponents Of the measure, that .lleee
'natH silver 10 extensively coined,
our gold viii ny away from us. Now
.ae Secretary Of the Treasury admits
mat this will ultimately take place in
the present condition Of our coinage.
WIN the increase OF bank paper at
mel rate at which 1t 10 now going on
the escape Of gold from it's prison
house may be higher than il generally
expected. Low prices, depressed
values. and hard times are the onlv ,
on which gold can be re-. ,
tanned In the treasury, A slight re. /.
urn OF prosperity will assuredIy give :
10 characterization, which win be !
~ hostile to collaborating a. the !.
coinage Of the silver dollar. l..
IL is one Of the Recommendation !
u the bi-aaetallic system, that It rec. /,
'sh'zss no superiority OF one metal Il
'ser another and under the unressrain. Il
a operation Of tho double standard
desssr metal for the time being II
10y ont and the cheaper take its ia
ltis not important to ssoy d,
49, that. they should circulate d
~ :. .as same time AMI place. es
,hs aaea shat the aearer the m...l :.
. Os.'ss = 3, Is enaiaedz to mn .
'eslpsct, Tor dear money nec.ss..;,. !.
means low prices and depre..sc n.
Hefoss The dearer natal c.n ~
Y displaced however, there must = p
.ao.sh Of the cheaper coined 70 tai. :,
!. place. Let ~ suppose that -
lesshsd = coinage Of two hundredr
','lons q savsr. ~ soaPaeiey Of our =,
alnts e four years and thst Secret.rv
ss0ap's stropg bpx W. ualocksa -