Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1886-02-04

aIA4sll 'salel Hunq 10 fOsoaBtas puu .I9AII,
70 et0,00GIs pIo1 - tA0'oo0Is IsH ifllA
! piiriG1zliMS Il! lulfl :,i9illo l9as il!.t Ipd ii
/ 9lg A9ill 'sal0H NuGq-fguo!lgu III ts;G6sS PM
IaAfls 10 O00'000'Og& 'piOS 10 O0OsO0OF gS I9t
! VliM uIltl5iaa NJ aqua :I5pusl Iu5aI ptts IBd
| W one a0uBIH 10 Nueq an 10 salou puB I3A
! us ptr pIoS OH '99ueII 10 Nucq ana 10 s5lou
| 6ulpuelslho 10 l6r'ci9'FicS Iail pun sI5AIIS
| 10 O00'0oO'e6eS pos 10 O00On0 sfsS lou In!n
'9ouel4 II! lnql .IGd lg suoIlogstIgIl ss9uIsnc
| ~ u9Ael aIe IIg 's3lou YHgq SulpQelslnO 10
eiI09E G5IS 1!atl pue 'IaAus 0O0O00e6 I!sIIl
| 'ploS 4! 0b0nTs'0SeS n9ql ul!M .purlalT pun
lilplIIa lu91D IL leIIl sf3fsfulat uSloIoI lno ia
| AllIou3nR 9ul no sMouS 'sn 9IoJae M0u lsQd
| Mt par with each other; that in Spain, with
her S130, 00O,0 900 OF gold, S10.000000 of silver,
and "a, 127, 5;}S in notes of the bank of Spain,
| gold, silver, and the notes of the bank of
! Spain are at par" that III Germany, with
! her Si2T 900 OF gold, s2l1000 900 of silver,
70, 603 81. III government notes, amt So,
Cos, 564 in bank notes, the coin aid llapef are
received iNdscriminately at par: that in
Australia Hungary, with her S45,000000 of
gold, S75, 600 OF silver Si}9. 632 in gov
eminent notes, and S141,659, 937 in bank notes,
the notes are received at par with silver.
Gold IS used for trade purposes, and only on
| special agreement" In Denmark, with her
$4,000, 900 of gold, her S5,000,000 of silver,
| 800 600 notes of her silver bank, and sl9,-
| 564 900 outstanding national Thank notes, .'the
gold and silver coin, as well as the notes of
| the ilatiOiial bank, are taken at paf.' In the
Netherlands. with hef g3S GOO. 900 OF gold.
$57, 100000 of silver. 81 sS5 $50 in government
notes. and S77, 100 154 in bank notes; ,'coin
| and paper money have tile Same Saltie In cir
| cuati0H"
The foregoing table and the facts Just pre-
sented enable.us tD understand the injury to
mankind which must result from the degra-
datlon or abandonment of silver as money.
The Secretary of the Treasury i'm his re-
cent annual report states that about "a per
cent of the worlds metal money is silver,
and that about 46 per cent is gold. Ii these
estimates are to be relied on land they are
certainly accurate enough for the illustration
| have In view, then thefe ls IN the world
50. 7SO, 100000 OF siyef money and 80, go CO., :
| 600 of gold money; Now, the values of com
| modities and of all bonds and other securi-
ties are regulated and controlled By the
| amount OF this money of the World. Ii we
subtract the silver from the amount of metal
money in the world, we shall therefore have
but 5000, 600 900 by which to measure all
values and all debts. The result must be
that all bonds and securities, national, State
municipal, and corporate, will be about
doubled in value as compared with the labor
and property ont of which they are 10 be
paid, and all labor and property would be
reduced about one-half in value. And it
should be constantly kept in mind that all
these debts are to be paid and can only be
paid by labor. by the toll of men and women
We can not realize what the amount of the
worlds debts are by looking at the aggre-
gates. The human mind can not embrace
their full meaning. We must adopt some
mode OF looking al the details in order to I'M
delStand what such figures mean. Take the
S35, 600 COO 600 of Indebtedness above men
TONED and imagine one man set to count 1t
dollar by dollar and that he could count $50
per minute, 50 900 per hour, S2S, 800 per day
OF eight hours. and three hundred and ten
working day in the year, 1t would require
three thousand i've hundred and twenty-five
years and a fraction for him to count that
sum.
The creditors Of these enormous sums seek
to double the value of their Investments by
the decentralization of silver. 1t Is quality
OF greed and aNarice 80 oveiredeh them
selves. Ii they could succeed in doubling
the amount of labor and property necessary
10 pay these debts, they would render their
fun payment impossible in the present con-
dition of the world
Great Britain, France, Germany. Holland,
Belgium, Denmark, and Sweden are the
great creditor nations. The United Safes
ustria-IIungary, Russia, Italy, Spain,
India, Egypt Mexico, Brazil, and the other
South American states, and the British colo
MES are the great debtor nations of the world.
Many OF these nations, especially those of
Europe and Asia, have vast standing armies
and great navieS which it taxes all their re-
sources to their utmost to keep up. Indeed
Spain, Italy, Austria-Hungary, Russia, Tur-
key. and Egypt are only able to keep up
their armies and navieS by borrowing more
money and ineurring additional debts. And
their people are oppressed and kept in that
ignorance which springs from toll and pow
erty to feed and clothe these armies and in
paying the interest on present debts, without
the hope OF being able to reduce the burden
by paying off the principal. If these cor
morants were as wise as they are ayarcious
a Ia.
policy in dem0netizing silver would defeat
the payment of these debts, and would in all
human probability produce a degree of op-
preston and distress in many of these coun-
tries which would cause civil connections
likely 10 shake many thrones and hurl rlll-
ING dynastles from power. And If they
could succeed III this country the distress
which would necessarily follow would cause
an indignant and outraged people to drive
the men who brought il about from place
and from power. While the people of the
mOnaTchies of the Old World may be COM
PEELED by vast standing armies 10 submit to
robbery by the capitalists, the gold mOnomet-
allistS OF this country would do well to re-
member that ours are still free and intell-
gent people, who will not consent TO become
the slaves of avarlcious. mercenary, and cor
rupt men.
WHO BENEFITED AND WHO INJURED BY
SUCH a POLICY.
The effect of the demonstration of silver
would be to benefit few rich men and to
impoverish and degrade the vast mass of the
laboting and middle classes OF the people
to make a few more iniii0nares and vast
increase of the army of trdmps ami paupers
1t would especially benefit the rich capitalists
OF Great Britain. Germany, Norway, Sweden,
Denmark, and Portugal, which are creditor
nations and gold-standarl countries, ana
still further Cypress the lahoring poor OF
those countries. 1t would greatly injure the
interests of the people generally c. the
United States, Colombia, Venezuela, Chill,
Uruguay. Paraguay. Greece Holland, Bel
gimm, France, Switzerland, Italy, Spain, and
japan, most of them debtor nations and all
of them bimetallic gold and silver standard
countries, and of Russia. Austria, Egypt,
British India Mexico, Central America,
Ecuador and Peru, most of them debtor na-
ti0nS and all silver-S:andard countries.
1t should be mentioned that the population
OF the countries which have the gold stand
ard alone amounts to but about 93.O0O,0 900.
The population OF the countries which have
the bimetalic gold and silver standard
amounts to over lSs 5000 o. while the popu-
lation of the countries which have the silver
standard alone amounts to about 769, o., 0t0.
The gold monometallists insult decency
and DEFY common sense by Insisting that
lab0rlng men ana women are TO be Denehted
by imposing on Them the necessity OF doing
twice as much work as the law now requires
them to do in order to pay off all public,
municipal, corporate, and private indebted
ness.
The gold men pretend that our silver dol
lar is not full weight, that it is cut dollar,
that it is dishonest dollar, and therefore
wrongly imposed on the people. One an
swer to this is that it has the same amount
of fine silver in it that has been in the Ameri-
can silver dollar from 1872 to this time,
ninety-three years. Another answer is, tina.
the purchasing power of the silver dollar is
now about - per cent greater than it was in
1870, when it was above par with gold, as is
shown by the following table, which copy