, 1879-01-06

tns,s can Be- no general property .ih con.
brought abont tho present depression OF priceA1
And can anything DO done to arrest this down.
ward tendency. anu tlltIcby restore prosperity
As the distress Ia wosit.witlc, 10 must We Look
fos cause cocxtchsEvo ii tta operation. Let
s rst reat!zc the fact that wa arc In tho midst
4 FINANCIAL nEvoLurloN
now in progress, the aim and purpose OF which,
on tho pbtt OF tho movers, Is 10 change the
monetary system Of tho world. From time
cocVAl with the earliest dsHniuga Of history,
nri5, s,s5 snn ss1d jointly have composed s6s
measure Of values. VIII, both thcAs metals IN
use. mankind ut large have never felt TINT there
was too much money. it, abundance and scar
ess hsgo .|tsrnatclv msrSed tho rise and de-
HIS been an esAenttal clement III the progress
OF the race. Hnt tho world Il now brought face
to lace With Deliberate schenlp on the part OF
Eusopenn capitalists. IN which elp!.al'ts q our
oHn country seem to have united, to reduce tho
volusne Of tile worlds money nearly one-hnlf,
BY casting cut silver from It's monetary ftnc-
tion, and establishing gold Is tho exclusive
metallic money ana sole measure Of values. l
SAY this 10
THE SCHEME OF cApirALIsTs.
Certainly 1t d!l not originate with The debtor
class, nor with tho masscs, either In Europe or
Amerlca. Silver from time tn,tnemorIAl has
baen, and stll ID, tbs favortte money Of The COM
inon people.
The motive for tl'ls scheme IA manifest. ltls
to eubance the purchasing powcf OF money by
making It scarce, and thus to ltprcss the values
The values OF the worlds yo3umv OF silver aud
gold cotns heretofore have been nearly tqual,-
the most reliable estimates fixing the gold at
a about $500 mo CO. and t!as silver ap-
total exclusion OF silver would At least double
The ourrhsstnF notrer Of polj. and ret,uro tha
prjcrs Of alt commodities, os we'll ns Iabor. nj
least onr.ha1t. 4 partial exclusion ot ailver
nuJ iii ]crtsIntfon fisrritninattnv nrainst aytr.
by restrictino ia coinage. tends Ia iimIntsh the
volume Of metallic money, and consequently to
iepress prices. This scheme. should Il succeed
universal. would double the !aluo Of nil tho
bonds and other evidences Of ipllcbtpdnoss,
national, corporate, aud Individual III the bands
Of THO holders, for their benefit; and corre-
1Eonrssn TIE uunpxxs or ALL psp7ons.
The disastrous results Of Tia tfownwnr1i tend
cney Of rrtces wh,to tl,is nrnFns, ri dennncttza.
tfon noss nn. have hcen smfTlcicntlv crntalnctj.
atIIi ara veil ,iinsfraoa in the nrasct rynnr,"ncr
CT ts 1mcrsan nconie Ees ~ .na ow far .i tiis
echemo haa airenty ei1rrenjcl1:
Ennland dsmor,ottx.n .iIvcr and e,t,h,,.hed
the roid standar'I Ia lila Eno'anI VIA then.
world: and her tiaaueiai ieaisiatinn thco gss.
and a1wnys hns heen' shntej nv hrr rrcfittnr
rlass Tho smrn,ns nsnitnI H.. ~ s5nmTht mi tnvnst.
mcrt IN avcrv nunrtcr ri fhc haf,itai,ic 0ini,c.
Hs.ween ae sSeto 9o IN t3 tSc
share n lntrrssf T. n. nnnu.i .rnntr syh,ch tn,
world. her DEBTOR. nays far tt,s usc al Wr!sish
rsnitnl. rno;isn m,nt1tnide-s ,xe,i u,,t,rrstnoI
ths t.n,acr1 ~ IN t,,en.rro T., e 1Rts itnt tia
t,scartisi silver lien mnte Il. va way into tho tho
9arsrsi e,rcniotion nj Enrone ~ nm. shinncfi 10
indis. and ths nacasuta nrs,a,,IceI no vnrr In
pnstant % S results S o,itsidc Of England. Dit, in
hy e. e,sa eonne.t of m in;icnitr az II oSI.
111 frnm Etaacr aa.i c1nf13nnt h hcr nht,Ifv r.
trnnsier The worfli.n tlnnnrlnl cnntro from Ipn.
don TO Berlin, wae
n san.,fr EHsn tI.s. a nsn n. s.,a,,i.;, mi,
~ usn.ooe|sLo snsol n"n estavSu tnd 3u!u
ssons a,a,, ~ ttu ~" oeana~'t n., .h ~. w.
Ti,,inn ~ r.Iisd Etnri,,i;nr E-sncn Ro1ndnm
a,.Is .a,-1nnG I aGi r,ni hA ,nins ,.Tn,.tns'
restrtctcu lie co,nous al s:lycr nt thefr sesncct
fve n,ints to a sr1alf nnnuuf an,ount tlnasla.
H,,stros nna,n' anJ itoiv src sntfcTnc ma cTis
Of 4 tleereciateI noncr currency, with m nrox.
poet OF return to sl,ccle. ID stnents for "a IT,
il practically nlaccd uulcr legislative ban. Bo
far ~ we ara informed. tbera !. nnt runntrv in
Europe. which f,ns n fnetalJfa currcncy. wficre
sliycr l. allowed m enuai footIna viii aotl:
but it is either demonctiscd, or clio coined oniy
10 anal uuautltIcs on Goyernn,er,t account, Il
ia nowhere aimItteI Ia unrestricted ts,;narc. ss
Is the casc eyerywher. viii, eold. ~'
8uctl d the situation In Europs: md. bv tho
lerisiation of iH71 and iS74. lin Initial Stnfcs
WA eisndestineiv con,nlttcd to he samo no1.
lev. II romaina connittei to that noilrv t.
day, Tho rcnpuctixinE acl OF Int winter. pro-
7i9Inp for tlla coIuaws ri s,iycr on Government
accnunt.
wAsAa ttIusfoy.-
a "keculnp of iilo word al nrntntsc IN the ear
Ia hreak II tn ths hang Nn Iii rcstorf,.,
siivrr r, ita rIobtfnl n1nrr In nur mnnctarv avs
tenn could bo nassci. hscauso nj "f ths nmans,t,nn
Of Inc FrcsfJcnt. Tho nesst,tnucc viii yyhfst,
tho sdYocatts oi tho gold STANDARD hayo clunr
Of flla ciearlT.srnrcssed viii, nt thn - nation" "a
worthy nj th1 oT1rlnnlsrs nj sneh n nint. IL n
nnnnfsr whtrtwfna ahn,,ti swern ovcr tnc land.
prp.trnitnr mr. inonrin1 tnhrn IN I'm tn.t srnt'
tcrtnr over its r.ins the soMyenirs af a. trrc-
denmshIe anil wnrthirsr srrlns "
Thltt a. .n,nmr,, r, ,cax.. ~. ,,,.xa
In brooss Il VajIoIaSfosa. A'' 4"'""
:. Ill. ~ ~, ~ ~ .s.n..n,,"s , ,s,,.. ,.,
u W' pe ~. W III s mno ~, .ne Wig.
,,,.o, a1'.iat,,, ~. ,au .stt ~ tne
outsett lnat tcshsntou upo!i tuls aunstion, AeFo
. ~ ~ ~ "aups, ~ "'ssssS' sne peop" LAYS Auy
so'c" !" ''S',.s.en, en n,Mna!. 10 s"o!sst s,. :"