The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1885-12-10
WORLDS PRODUCTION.

You will perceive that the supply OF silver
has steadily increased, as the demand has
increased for its use Ill the arts and Tor
money. Notice the increase in gold produc-
ton from 1910 to 1856, and then the de-
crease since. 1t is no jest TO say that within
forty years there will not be gold enough
10 fiji teeth with. Statistics show that there
will not be. 1t has required legislation to
keep gold whore it is and 10 make it the
standard. Prior TO 1874 the world is average
annual production of gold was $36.393,OOO,
and at that time the highest price obtaInabie
for standard gold bullion in London was 81
9s. sd. per ounce. In March, 1914, Parliament
enacted law compelling the Bank of En-
gland to purchase all standard gold bullion
offered, and pay therefor in Bank OF England
notes at the rate of f3 lis. Sd. per ounce, an
advance of So per ounce III our money. This
was done to insure the safety OF its single
gold standard.
Germany demonetized silver in 1871, and
the United States in 1873, the last act being
discovered year later. Prior to this act,
silver had not varied five cents an ounce
measured by gold standard-in AZ years, the
price having ranged from about God. TO Odd.
i'll London. Immediately after 1873, the
price declined in London to 46d. per ounce,
At this price England has coined Indian ru-
pees as cents) at a cost of 36 cents, and has
divided the profit with producers of wheat
and cotton in British India, stimulating pro-
duction of each until the exports of wheat
from India to England have increased from
less than 100000 bushels in 1873 to 49,
100000 bushels in 1884, and cotton in about
the same proportion.
1ha oilvar advocates claim that alvarga
legislation, and the decentralization of silver
which was done without a hearing, and
without being asked for by the people-are
the causes of the decline in the value of sill
yer as measured by the gold standard, and
that it was brought about by England and a
few American spectators. You will renem-
Der that at that time money became very
scarce among the masses, and very plenty in
the vaults of the money centers. An attempt
was also made to cancel all the greenbacks
to make money still scarcer among the
people. The people discovered their situa-
ton and demanded halt and greenbacks
still stand at that point, $346,000,O00. The
object of the manipulators was to make the
debt payers pay in high priced money or
turn over their property at about one-half
the cost of production. Those manipulators
afterwards bought over $50 100000 in silver
bullion Including demonetized COIN costing
them about $1.OO per ounce, and they were
the first TO cry for small coin, and succeeded
III selling it to the government at over Sl.25
per ounce, to be coined under the bill author
izing the coinage of small coin to replace the
fractional currency. Then capital began To
invest, business to revive, and the Bland bill
to coin the "buzzard dollar" was passed and
everything prospered until the manipulators
began to hoard up the money and unload
their property.
Tkere is over $3O,000OOO increased depos-
its III New York Now if they could demon
etize silver, which they are attempting to do.
aud depress all commodities until the debt
payers would again have TO turn over their
property, then, as soon as they could get
what they wanted, at half the cost of produc-
ton. they would start a boom and unload
again. They can do this just as long as the
government will legislate to contract and
expand the currency TO suit them. No bonds
are being called in and the money accumu-
lating in the L. S. treasury, allows these
manipulators to hold bonds until they need
the currency, then calls will be made and the
money put ont to suit them. "Whosoever
controls the volume of currency, is absolute
master of the industries and commerce of the
country was truthfully said by James A.
Garfield.
Put silver and gold both where they were
before 1873 and both will run along together,
and England cannot buy our cheap silver and
trade it for wheat and cotton in India. With
silver worth 81 20 per ounce, England would
buy American wheat and cotton, and the
silver dollars would be floating among the
masses of the people. Let the laws regulat-
ing the currency and the coinage stand as
now until the next congress is elected, is all
the silver advocates ask In the meantime
there will be men and documents sent over
the country to educate the people on the
subject, and then the "buzzard dollars" will
be coined free the same as gold, and instead
of wheat being eighty cents and silver eighty
five cents on the dollar. measured by gold,
they will all be at par.
| could continue with other statistics show
ing that the farmer has more at risk in this
issue than the miner, butlwill stop, hoping
that have convinced you nay views are not
based upon selfish motives, but upon the
belief that free coinage, on the old basis, is
best for our Nation. JOIN KNOWLES.
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