Idaho news. (Blackfoot, Idaho) 1887-1891, 1890-05-10
WITH THE EXCHANGES.


Shfef speculation.
The majority party IN both branches
OF congress has practically agreed uD.
on new silver bill that is the mos,
reckless speculative movement ev.r
made In all the many schemes Of
spectators TO reform our financial
system.
The plain truth Is that the silver
kings control at least four states with
probably power enough to swing sew.
erli Others from their political moor.
lngs, and they halt the party leaders
10 congress with the order-"stand
and deliyerw They are producing
much more silver than the arts and
the circulating medium Of trade can
employ, and they demand that the
government shall become paternal and
and not only purchase all the silver
they produce, but much more from
foreign countries, 10 enhance the price
Of silver 10 the markets Of the world.
What silver is needed as coin is en-
,irely proper for the government TO
buy, but when silver is purchased and
held in bullion a. basis Of circula-
ton for currency, it stands precisely
on the footing Of iron, copper, lead,
wheat corn, cotton, or any other
product Of industry. II would be as
reasonable and quite rs Just for the
government to take the surplus iron,
copper, lead, grain, cotton, pork or
manufactured fabrics and issue
money or loans upon them but the
silver kings arc few and powerful
their strength is concentrated; they
can give victory or defeat to a party
by command. while farmers and man
utac,urers plod on 10 their greater
strength that Is enfeebled by the Ab
senoe Of unity in purpose and action
There 10 % reason why the curen
CT OF the country should not be en-
largcd. The reduction Of bank circu
lA,iOn and the rapid growth Of th'
business interests OF the nAtisa de
mand a steady incrcAse::of money, bu
wh, must silver be singled out an
stored by the hundreds of tons as
basis Of currency, when 3 better cu'
rrncy with less complication and lea
cost could be furnished by legal tel
der note. issued by the government
TIA, would preserve the financial sy'
ten Of the country on a gold bas'
and silver producers, like cope
lead, iron, mill and farm producer
would cease TO be = favored class
q the expense Of the masses.
when Il is proposed 20 compel u
government TO purchase silver far b
I yond the entire product Of the oou
nv. the speculative character Of q
psu silver scheme must be patent
: an. or our silver product fully on
eighth is consumed In the arts al
? the new bill would require the 60
: spment 70 purchase over 40 per ce'
Il more OF silver than our entire prodn
available after supplying the demar
E q mechanism and art II would T
ouirs nearly 60 per cent of the who
: silver produc, Of the world ezclu'i,
\ ~ thai used 10 the arts, TO hl' y
L new silver scheme, and Of course tn
would a, once largely increase y
market price of silver and s'eAd'
maintain The increase. Why shSu
the government thus arbitrarily
crease the market value OF silver al
I no, increase the market value o. no
} copper, lead or farm or mill Product g.
There is no Disgusting the fact %
This silver scheme Is a huge spccu'
ton in which ,he.gOvernm'nt Is :. 8
! ployyd to give an arbitrary value 70 =
single product Of the country. : !
known fact that this congress Is 9
So tain to compel the government. % ,,
zllow the silver kings to unload w