Daily Yellowstone journal. [volume] (Miles City, Mont.) 1882-1893, 1886-03-18
This gives about As per cent of gold an

Gold. ........ ........................ s33l91oUn
SILVER ...' ...... ...,... ...,.,,,.... 3t'b,"Sub
This gives about A. per cent Of gold and
80 per cent Of silver Ms the world ratio.
since their first discovery there never
has been any great disparity in the output
OF the two metals. Sometimes The annual
production Of The one exceeded the 9TH
er, but Ultimately about the ssme proper
ton is found 10 both. The fact is not al.
together strange; they are bound together
10 their native or primitive state by an in
dissoluble tie. No Instance is of record
where one was discovered without the 9TH
er was present. In some degree they ere
chemically combined, wherever found and
this is suggestive of an important fact in
the consideration of this question.
l assert IL TO be true that one fourth of
the gross value OF our silver ores is gold
chemically combined with silver, and one
fourth Is copper chemically combined with
silver. and that the cost ard expenses of
extracting either would not justify its min.
ing and production where this condition
exists, II II were not for the value of the
other. This is factor That seems to have
escaped the attention of the monometallists
In their attempt to establish a gold stand
ard. What is the certain and inevitable
resultp While the gold monometalists are
Tightening their grasp upon their gold by
destroying silver they are strangling and
eliminating % per cent Of the production
Of their favorite metal, which they pro-
pose to make the yardstick of commerce,
thereby adding % per cent more to the
purchasing power Of boarded gold. But
these are not the only elements which 90
TO enhance the value of gold. As shown
by the report of the Director of the Mint,
nearly the entire annual production of
gold goes into the arts and manufactures,
thus increasing the purchasing power of
coined gold.
Later on we will see who has the gold of
this country and whose fortunes will be
multiplied while millions of the debtor
class gIosn and toll and sweat under the
contraction which must follow, IL unhap.
PLY they ever succeed in their unholy pur.
pose.
Our legislation on this subject ought TO
he in perfect accord with the Constitution.
That instrument mentions only gold and
silver as real money. Ii does not discrim-
mate against either. A fair and honest
administration and enforcement of exist.
ing laws would long since have gone far
TO demonstrate the perfect equality of
value between gold and silver as circu
lating medium. There is community of
interests among the people in upholoing
silver against the control and manipulation
OF those who would destroy il. Their
words are but the echoes Of those who
stand behind and direct crusade, the sue
cess OF which would be as destructive as
tie fatal touch of the upas. These obser-
vations find support in the fact that this is
undeniable.
A SILVER, WHEAT AND COTTON PRcDuC-
ING COUNTRY.
Demonetize silver, or what is equivalent,
suspend its coinage. and even under exist
ing law our currency is contracted $24,-
600, 900 annually and the price of silver
would fall 25 per cent. The price of cot.
ton and wheat would make the same de-
cline, because the price obtained for the
surplus fixes the value of the whole crop,
and the price of the surplus sold in foreign
markets would be reduced by the compe-
tition OF the wheat and cotton raised in
Inc Orient purchased with silver which
The British bankers and merchants have
obtained at discount OF % per cent. from
the miners of the United States, because
the suspension of its coinage decreases the
demand. Let us pause for moment and
inquire who have originated and conceived
this proposed humiliation of silver.
II can find no well guarded support 10
those whose aims and aspirations are to
promote the public welfare; no voice of
encouragement is heard from the great
grain or cotton producing sections of the
country. No representative or champion
of labor or Of the toiling millions rises 10
this forum to Join In the cold blooded leg
islaiive assassination Of this twin sister Of
gold. From whence, then, comes this
alarm Is it not patent that the capitalists
of Great Britain and their allies 10 America
have been instrumental In directing this
attack upon ilver-producing countries
with the view of reducing the cost Of our
great staples OF produciions In other
words. the less the price Of silver the less
the cost Of wheat and cotton raised In
India and Africa for British consumption,
and which would be taken in exchange
for our silver purchased at deprecated
price.
II has been fairly estimated that the
debt paying power, or In other words the
purchasing power Of wheat, cotton and
silver bullion. would be reduced fully
III -