Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-03-02
NATIONAL PROBLEMS.
THE GOLD PERIL GOLD AND Sill.
YER MAKE THE STANDARD.
Gold Has Fiuctuatod Most who IL Trying
10 Cheat, Debtor or crsditor2- Cause
of"rha Poor Laborcr"
ARTIrLE 81.
~ mn non. 4. }. wAnNFR or ONO.


that kind confronts MS, II Is not from
oyer-abundancc Of silver, but from scar.
city Of gold.
Pllny speaks Of the introduction OF the
gold denarus as ga crime committed
against the welfare OF mankind.n II The
Introduction OF gold coins into the Rom
IN republic was for the purpose OF In
cronsing the money standard, then the
denunciation Of Pliny was not nnmerlted.
Some economists seem 10 assume that
The value Of gold ls unaffected by any
thing that may bc done with silver They
apparently would have ny believe that
gold would continue TO be the same
standard II silver were everywhere de-
monetizod and all other kinds of money
destroyed.
While the real truth Is no country has
an exclusively gold standard The true
scale OF valuation IN any country Is It's
total volume Of money. To have Il
purely gold standard OF purely gold
valuation, all other kinds of money must
he cleared away. To have money kept ut
the level Of gold, Is not the same thing as
TO have purely gold standard.
GOLD AND SILVER DETERMINED TuK
STANDARD.
The gold standard In England Is modi-
fed by legal tender bank notes and subsld-
larry silver. The gold standard ofull Europe
is modified by It's paper and its 81 $780,
100000 of silver. 1t Is so plain that TO
dcmonetize the 81 100000, 900 of silver
Woulo enormously increase the value
Oh golu lnat tne bare statement
Is enough. Not only would the value
OF sold on me continent be altered, but
tle goid Standard OF England would be
alMred also u inc thousand millions OF
lul-Ienuer SILVER COINS OF the continent
should ne dcmonellzcd, England could
MOI keep ntr present supply OF gold. A
redistribution YOU'D take place, and
when that was done the gold level would
ne changed everywhere. The idea that
thert y gnld standard and silver
standard, wholly independent OF each
"thel, Is erroneous. For nearly three
quarters OF century France had an al
most exclusively silver currency and En-
gland as exclusive q gold currencyi but
inc real standard OF The country was the
same ana consisted OF both metals.
Leaving out paper, the real stand
ara Oh value OF Europe and the United
SMles IS made up ol the two metals as
mnch MS II they were melted together and
coined az d compound metal. The fact
thal lhrre Is more gold in one country
ana more silver ia another does not
Vlllale thls proposition. The total volume
OF the Two metals becomes distributed
among lne several countries In proper
Ton TO me International trade uf each
lnc inlschlei, therefore, of demonstrating
sllFer Is thal we Thereby alter the value
OF govt we make the gold standard Il
dlncreht standard from what Il was or
would he with silver retained In use as
money hlso. Every abrldgment of the
use OF SILVER cnlarges the gold standard.
IN view OF the worId's vast debts, created
ON The basis OF both metals, this becomes
u monstrouN crime.
INJUSTICE or GoLp rAl MENrs,
Inc advocates ot gold let no opportu-
MY pass 10 lecture debtors for proposing
to pay debts with deprecated silver Let
us agree that 70 alter the standard of
value alter contracts are made, Is Il viola.
lior OF the iaith pledged, and that IL Is
lisl as much violation to Increase II as
10 dlninlhh u, Is II not fact that The
WORLDS debts which have been piled up
IN recent years were created on the basis
Of both metals, by Il scale composed of
both gold and silver and not of gold
alonef Then Is II not honest to pay them
by the same scalet + ltuot dishonest to
change he gold standard by demonetiz.
Ing silver and then demand payment by
the increased measureg when this ques
ton Is answered, II appears clearly
enough which IL ls, tho debtor or tho
creditor, who has been trying to cheat.
roMrAH\rlYE VARIATIONS on lIm
METALS,
II one desires To go further and inquire
which metal, as bullion, has varied most
since 1873, as compared with com.
noditles, he viii tlnd that silver metal
has varied much less than gold. In other
words, gold has increased IN value ms
compared with labor products, while sil.
yer has not fallen
Taking MIR Grosycnor's tables recently
published IN the New York Tribune. and
comparing gold and silver with the aver.
aye prices of two hundred leading com
lnoditlcs, we ilnd, nrst, that gold teIl
farther below this pricc-levcl from lsG0
TO 1871 than silver; and then in Inc
next decade that IL rose ~ per
cent above the same prlce.leyel w6iir
silver has risen / "a per cent. ahnye Tha,
Is, given weight of silver bullion in
May, 1888, would buy "a per cent mora
al Il No.