The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-05-21
GOLD AND SILVER.
An. American Article from An
American Stand Point.

10 the Editor OF The HERALD.
The United States has to-day $685.
OOO. 900 of gold coin. and is the largest
holder of gold in the world except
France, which owns SSis. 900 900 of gold
coin. The United States has $2S3, OOO. 900
of silver and is the third on the list as
silver holders, British India taking the
lead with 81 .037 600 600, and France with
1894 10000. In the total ownership of
both gold and silver, France takes the
lead with sl,442. 900, 900. British India
comes next with SlOS7, 900 OO0, the !
United States with their $780,, 900 600,
while Great Britain has s6Ts, 900 600 and
and Germany $751;. 10000. 1t Is a curl
Gus fact that while Great Britain and
Germany which have demonetized
silver, France that has not demone-
tized it should hold nearly as much
gold as both Great Britain and Ger
many. France has ss4s, 900 600. Great
Britain 1888 100000. and Germany
1891, 0O0,CO France owns to day more
silver and gold than both-France,
81. 442 600 goo. Great Britain $67s, 600 600.
Germany S545. 900, OO0-showing that the
country that has the double standard is
not only holding its own in silver, but
taking the gold from those countries
which have made gold the standard.
1t is also shown that the United
States which in 1878 owned only about
500, 600 900 in both gold and silver,
seven years after the demonstration
of silver, owns over three times as
much gold as it had gold and silver
both before; and over four times as
much gold and silver as we had in 1878.
That is, the United States in 1885 had
S6O9, 900 900 gold and $2S3 ,0OO, 600 silver
against $500. 700, 900 of both gold and
silver in 1878, or little more than $3.50
now to 81 we had then.
The prosperity of a country is shown
by the amount of money IL has in cir
culation to the individual, because in
these progressive times we cannot trade
without the medium to trade with, and
If we have not the medium of exchange,
production and progress must stop or
be retarded in proportion as We are
cramped for that medium. Now, the
circulation of gold and silver to each
person is as follows in the several coun
tries: Cape of Good Hope. 81; France,
$3.50; Australia, $25.O5; Hawaiian !
Islands, S22.41; Belgium. $50 u; Cuba, |
5000; Netherlands. S2037; Great |
Britain, Sl9.25; the United States Is the
ninth, with s15.3S; Uruguay. sl2.77;
ton of gold, Cape of Good Hope has 1
$3S.42; Australia, S23. %; France. 500 81: !
Cuba, 5000; Great Britain, Sl6.56: |
Belgium, Sill As; United States stands |
seventh, with 5000; Uruguay. $40 40; |
and Germany, that has made gold |
single standard, can only show up 81 80, |
to each individual. and yet there are |
some men who want TO set up single |
standard here when for the last seven |
to ten years both the gold and silver |
have been leaving the single standard |
countries to gravit ate to those that have |
a double standard. The reason of this /
is they stop production for the want Of
the means OF exchange, and what
means they have must go to the coun-
tries that produce.
But how is il that in q country now l
there should be hard times with so
much money in IL, and with its vast re-
sources there should be over two mil
lion producers lying idle and in want of /
work and the necessaries of life7 is the
next question. The answer is that in
the last hundred years in all the
sciences, machinery. workshops and
everything pertaining TO the material
world, we have advanced I've hundred
years, while in the, political and eco
nomic conditions, we have gone back or
retrogated. q We are trying to rule free
men. Republican citizens. by laws that
have proved q failure in absolute mon
arches. For instance, if we want to
transmit intelligence, travel fast, make
or MANUFACTURES ten things better than
one We have, We dive into the dim
future and puzzle our brains to invent
machinery TO accomplish our object,
and we get there. We travel forty in
stead of four miles an hour, and we
transport our necessities and comforts
and Injuries from all quarters of III
gobe. We look ahead for all OF the
materials. But for the rules to govern
by, we go back two or three
hundred years TO get authority from
some old bigofed tyrant- There IS not
one of the sons Of this republic, as he
leaves college does not know more in
one day than the sacred and reyered,
because old. tyrant knew II all his ex-
istence. Put the same genius that
makes IL possible for US TO live as We do.
so far in advance. in the luxurious con
fnrr 81 e. ohaad NJ oDa buudro1 vaar- |