Salt Lake evening Democrat. [volume] (Salt Lake City, Utah) 1885-1887, 1885-10-09
THE CONSPIRACY AGAINST SILVER
Fallacies of the sssingle,, standard
"A Crusade Entirely in the inter-
est of the Creditor Glass.

est of the Creditor Glass.
If ever there was conspiracy again!
the business interests of this country, it
in existence at present, in the none
centers of New York and Boston, fostere
and encouraged by England. Gold ha
been made god, and by every sort {
manipulation known among fnancis
schemers, the price Of that metal ha
been increased, by creating for it an un
natural demand in the face of a decreas
ing supply. Germany and Austria hav
been deluded into adopting it as
monetary basis, and thereby have i'm
poverished their people and suffered
years of financial depression. The wor
shippers of the "golden calf are numer
Gus and powerful, and hesitate at nc
statements, however false, to gain con
verts to their cause. They mystify this
financial question in every possible way
and by looking as wise as owls, attemp
to make the people believe it is one o.
those subjects that requires the wisdom
of a Socrates to understand, and the
ability of a Webster to explain. They dc
not state the plain fact that a gold stand
ard means the pauperism of labor, as ex.
hibited in Europe to-day, that it means
ignorance and misery, and if ever the
people of America had cause to call down
the curse of heaven upon the gold Shy
locks, they have cause to do 1T now. II
is this conspiracy against silver, the
money of the people, the attempt to de-
ride and depreciate it, and finally to
crush it out of existence as money, that
is doing more detriment to the business
interests of this country to-day than all
other causes combined, and in proof of
this a few pertinent facts in regard to the
monetary condition of France may be
stated:
First-It is a historical fact that France
is the most prosperous nation in Europe
at the present time that France has more
gold and silver than England, Germany
and Austria combined, and that her pros
perity is largely due to the fact that she
uses both gold and silver as money.
Second-France has $14 per head in
silver, or 1887 900, 900, and 500 per head
in gold, or 1914 1000. 900, or total gold
and silver circulation of $37 per head,
equal to 1,411 100000. Now, if the
statement that the "gold bugs" make,
and which is one of their standard argu-
ments, was true-that where any quaint
ty of silver is used as money in country
it always drives gold out OF that country
how comes it that such prodigious silver
in France does not drive the
gold out of that nation? They tell us
that if we keep on coming silver dollars
at the rate of $4,000, 900 per month, every
dollar of gold will go out of the United
States. When the fact is that ever since
we began coming the silver dollar in 1878,
and the resumption of specie payments,
The balance OF trade has steadily been in
tavor OF this country, and that each year
we have added to our stock of gold by
such balance OF trade; so that we have
received of the precious metal in six wears
nearly 5000, 100000 more than we have
while we have exported during
he same period nearly $50, 100000 more
silver than we have imported.
Third-But these ''gold bugs" talk
lbout our dollar being worth only eighty
i've cents. Will they kindly inform the
people OF this country where legal tender
liver dollars can be purchased at that
'rlce? Have the gold bugs got them for
ale in Wall street or elsewhere at that
igure?? They know it is false, and that
lot single legal tender dollar can be
lad anywhere for fraction of a cent
ess than 1t will take to buy a gold dollar;
no they know furthermore, that every
egal tender silver dollar will buy as
nuch OF any commodity in the United
tates as a gold dollar. If these gold
Jugs have any OF the legal tender silver
ollars Tor sale at eighty-five cents, let |
hem furnish them to the people at that
ate; II they have not, then let them
brewer hold their tongues upon that SUBJ
,ct " N'N
Fourth-These worshippers of the
golden calf" assert that there will he a
financial tornado" unless the coinage of
liver is stopped. Let us examine the
cts. The present rate of coinage is but
cents per head of the population per
ear. Take all the silver coinage in the
nited States and it is less than $3. rs ner
cad OF our people. France has sl4 per
cad, and there is no financial tornadoo
lth that amount on hand; but peace
ID prosperity instead. If we keep our
.esent rate OF coinage up for the next
Teen years, or until the year 1900. we
!all then have only 81 per head in silver. (
hich is but one-haf what France has (
! hand at-present.
Flfth-But these 'tgoldites" saw with s
le breath the silver dollar is stoo /
sht"-"too smalr'-there is not enough .
yer IN them; and in the next breath
ey call them "cart wheels" They com
ain IN one breath the lawful expenseu |
e government is undergoing to supply
ults to hold this silver; and in the
Xt complain that "the government is
aklng profit out of coming it." Con
tency is no jewel in their ewes if is no
TT OF their programme. Again let ms
ok at France. The standard of COINAGE
ereis 1511a in silver to | of gold. me ]
lndard in the United States is 16 in
yer to OF gold; or in other words, our
~ grain silver dollar is worth inst
o36 IN France. We already put more
YER into dollar than any other nation /
earth. Why, then, should we in
ase the weight further? If we were
90 1t we would but be PLAYING
the hands of England, because we
uld thus depreciate our own precious
tai product; and that is lust what
gland wants. England produces no II
yer, but she consumes a very laroe
cunt OF it, and it is her policy to get it
as cheap as she can; and therefore
trles to destroy its value in the United
tes England is boosted gold money
lntry, and yet official statements show
In 1884 there was in circulation in =
gland $95, 900, 900, in silver and in Brit u
India over$1 ,00O, OOO, OOO, land it is fact
the minis of British India have
led more silver since 1878 than has =
n coined by the minis of the United i.
.es; intact, the profit on the COINAGE
liver in India has boon l,,,.: