Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1890-03-10

fold, destroy all the security of the
world, lead to revolution, or to \
transfer OF all property to the creditor
class. IT the advocates OF the gold
standard are willing to continue the
present volume of paper and silver in
circulation as credi, money, aud take
the chances of bringing on collapse,
nov will they provide agsins. further
| contraction on account Of a shrinking
supply of gold? The larger proper
ton Of the gold already produced
came from the great placer fields OF
Eastern Asia, Northern Africa. South
ern Europe, California and Australia,
all OF which are now exhausted. A
very large portion of the supply now
comes from silver mines in combina-
ton with silver. Ii silve! mining is
stopped; as it would be if silver were
no longer used as money, probably
more than half of the supply of
gold would be cut off.
The advocates of the single gold
standard had better cease their neon.
sequential discussions as to which
metal Is the more convenient for m,n-
ey-silver or gold-and turn their at
tention to the question of how suiF-
Gent amount of money can be Oh.
tanned to save the world from bank
r"ptcy, and supply the demand 70.
circulating medium. 1t is money, not
any particular kind of money, that
the people must have to maintain civ.
ilizatiou. No one can enjoy the
fruits of civilization unless he can
command the services of Others in ex-
change for his own.
A MAN IN ISOLATION Is IN THE CON-
DITION OF A SAVAGE.
An interchange of commodities is
an absolute necessity to civilization.
Commodities can not be exchanged
without the use of money. Money is
as essential to civilization rs the cir.
culatioo Of the blood is to animal life.
The plain remedy for the existing
and threatened evils caused by con
traction is q return to the money OF
the fathers. The use of all the gold
and silver obtains5ie to enlarge the
basis Of standard money is the only
available remedy. tits absurd to say
that there is either too much of gold
or silver so long as more than one
third OF the money in circulation in
the civilized world is paper. As long
MS It Is necessary to use paper to make
up the deficiency of metallic money,
the suggestion that there is too much
gold or silver has no foundation in
fact
The United States should lose no
! time in securing all the gold and sill
yer possible as basis for it's circu!at-
ing medium.
THERE is NO DANGER IN GETTING
TOO MUCH SILVER.
There Is no accumulation of silver
bullion anywhere in the world Our
net export of silver last year was only
twelve millions. This export should
be stopped and all tie silver that can
he obtained should be imported.
The United States has ARG millions
OF paper mon-y IN circulation in ex
cess OF its metallic reserves Of gold
and silver Silver will be on par
with gold long before that amount
can be secured. Besides, the pres-nt
decline OF prices must be stopped.
More money must be furnished to Sc
cure All honest adjustment of contracts
between the debtor and creditor il
existing debts are to be paid.
If thu United States could procure
fifteen hundred or two thousand mil,
lions of gold and silver as Il basis of
circulation there reed be no more
falling prices. II this could Re done
the security of the creditor would be
safe and the debtor would not be de
stroyed. The senseless cry that the re-
mo"etization Of silver would ,,rive gold
out of the country is illogical. If gold
is exported because it has greater
value elsewhere, the people Of the
United States will receive the premi.
uu. If silver is remone,ized and n
greater demand created for It's use, It's
price will advance and the United
States will have the benefit of such
advance. la other words, by restor-
ing silver To its place as II money
metal, the United States will make
money in disp sing If its gold, and
also in the enhanced pr,ee Of silver,
besides furnishing a sufficient volume
OF circulation to revive business, Sc
cure the creditor, and relieve the
debtor.
1t is manifest that the remone,iza-
ton OF silver is Il paramount, necessity.
Without it the use Of gold as u stand
ard money is a delusion and fraud.
A sufficient supply Of that metal is i'm.
possible. Its use can never become
universal. If tho world is to have
metallic basis for standard money,
beth metals must be used. The un.
limited use Of both metals must be re.
STORED, The progress Of civilization
must no. be destroyed for the want Of
money. If silver is rejected as