Salt Lake evening Democrat. [volume] (Salt Lake City, Utah) 1885-1887, 1885-10-09
THE CONSPIRACY AGAINST SILVER
RaIIacies of ti,e s'Singie'' standard
a Crusade Entirely in the inter"
est OF the Creditor class.

the business interests oil this country, II IS
in existence at present, in the money
centers of New York and Boston, fostered
and encouraged by England. Gold has
been made god, and by every sort OF
manipulation known among financial
schemcrs, the price OF that metal has
been increased, by creating for it an UNI
natural demand in the face OF decreas-
ing supply. Germany and Austria have
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 no
statements, however false, to gain con-
verts to their cause. They mystify this
financial question in every possible way,
and by looking as wise rs owls, attempt
to make the people believe it is one of
those subjects that requires the wisdom
of a Socrates to understand, and the
ability of Webster to explain. They do
not state the plain fact that q 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 10 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 few pertinent facts in regard to the
monetary condition of France may be
stated:
First-It is historical fact that France
is the most prosperous nation in Europe
at the presenttimc 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 $537 1000 900, and $23 per head
in gold, or 1914, 100000, 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 quanti-
ty OF silver is used as money in country
it always drives gold out of that country
how comes it that such prodigious silver
circulation in France does not drive the
gold out of that nation? They tell us
that ii we keep on coming silver dollars
at the rate of S2,000,000 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
favor 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 years
nearly 5000 10000 more than we have
exported; while we have exported during
silver than we have imported.
Third-But these 'gold bugs talk
about our dollar being worth only eighty
five cents. Will they kindly inform the
people Of this country where legal tender
silver dollars can be purchased ut that
price? Have the gold bugs got them for
sale in Wall street or elsewhere ut that
figure? They know it is false, and that
not Il single legal tender dollar can be
had anywhere for fraction of cent
less than it will take to buy gold dollar
and they know furthermore, that every
legal tender silver dollar will buy rs
much OF any commodity in the United
States as Il gold dollar. If these gold
bugs have any of the legal tender silver
dollars Tor sale ut eighty-five cents, let
them furnish them to the people at that
rate; II they have not, then let them
forever hold their tongues upon that sub.
ject.
Fourth-These worshippers of the
golden calf assert that there will be Il
financial tornado" unless the coinage of
silver is stopped Let us examine the
facts. The present rate of coinage is but
A cents per head OF the population pei
year. Take all the silver coinage in the
United States and it is less than 81 70 pei
head OF our people. France has $l4 per
head, and there is no financial tornado"
with that amount on hand; but peace
and prosperity instead. ii we keep our
present rate of coinage up for the next
fifteen years, or until the year 1900, we
shall then have only ~ per head in silver
which is but one-half what France has
on hand at present.
Fiith-But these ''goldites" say with
one breath the silver dollar is "toc
light'-"too small'-there is not enough
silver in them; and in the next breath
they call them "cart wheels" They com
plain in one breath ofthe lawful expense
the government is undergoing to supply
vaults to hold this silver; and in the
next complain that 'the government is
making Il profit out OF coming it," Con
sistency is no jewel in their eyes it is nc
part OF their programme. Again let us
look ut France. The standard OF coinage
thereis l51a in silver to OF gold. Tie
standard in the United States is 1G in
silver to OF gold or in other words, our
4l21a grain silver dollar is worth lust
~ .O3G in France. We already put more
silver into dollar than any other nation
on earth. Why, then, should we in
crease the weight further? If we were
to do it we would but be playing
into the hands of England, because we
would thus depreciate our own precious
metal product; and that is just what
England wants. England produces no
silver, but she consumes very large
amount OF it, and it is her policy to get it
lust as cheap as She can; and therefore
she tries to destroy its value in the United
States. England is boosted gold money
country, and yet official statements show
that in 1884 there WAS in circulation in
england $4,000, 900, in silver and IN Brit
lsh India oyer$l 900, 600 900 and it is Il fact
that the mints Of British India have
coined more silver since 1878 than has
been coined by the mints Of the United
States; in fact, the profit on the coinage
OF silver in India has been during the
past five years not less than $40 900, 900,
which is Just so much taken from the sill
yer mines OF this country. Is it not an
Outrage to permit nation like England
not only TO manipulate our tariff matters