Arizona weekly enterprise., 1890-05-24
SILVER.
ITS FULL REMONETIZATION DE-
 HANDED BY THE PEOPLE.
The Friend of the Miuer Talks Plainly Upon the SubJeet-A Fatal Mis- take in the Past--Necessity
 OfPrOmEt Action
 Rt Home.

IAh1ON OIhlNGS, Y It,, Mdy 1Z, 1OJO,
 EDITOR ENTERPRISE: - The silver question is no doubt the most impor, tant now before Congress, not only to the silver producer but every man who tolls for daily wages the farmer the merchant, and every one doing business will be benefited by it.
 The mere agitation of the subject, showing SO strong silver influence, has already done wonders in raising the price of values and stimulating trade in every direction. There is but one class of people who can be injured by the remonetization of silver, and that is the men who clip the coupons and hold the mortgages of the coun- try. With this class the less the vol tune of the circulating medium the larger will be their gains in the reve- me they will derive from the interest on bonds and mortgages, but 1t is evi- dent that to make this class of peo- pie grow richer you must sacrifice the welfare of the miner, farmer, mechan- ic and merchant, you are striking the death blow to the producing classes in favor of class who are simply sucking the life blood from all the in dustries Of the country, who neither reap nor SOW, or add from the bowels of the earth a single dollar to the wealth of the world. As all know, silver was stricken down with blow which was struck foully under the belt, by being tackled on as an amendment to another bill. and the purport of the amendment was concealed and known to only few until it became law and the peoples money was destroyed as circulating medium. Then the great newspapers of the country took up the fight for the cOupOn-clippers and tried 10 convince the farmer and poor man that 1t was great boon to them; otherwise they would have to receive their pay for their daily wages and their products in debased curren- cy, and for their real friends they must look to the bOpdholders and the coupon clipper; and that the only peo- pie who would be benefited by the remonetiZation was the silver kings, who had, to a large extent, made vast fortunes by the illicit manipulation of mining stocks. For short time this seemed plausible to some, but money continued to get more strin- gent, llebts contracted under silver and gold basis must be paid in gold, when at the time they were contracted both metals were legal tender, there by doubling the burden of the debt. This led 10 increased stringency and new debts must be cpptracted in order to escape ruin from the old ones al- ready contracted. All the industries suffered in like proportion, and labor, as usual, suffered worse than all un- til the farmer and the laborer began to investigate the question for them selves, and they very soon found the small-sized African in the wood pile, and now the silver producing states and territories are not called upon to make this fight single handed and alone, but all over the south and the west and in many parts of the east the demand Is made for favorable sil- yer legislation, and the money kings, seeing the handwriting on the wall, are now willing to concede silver leg islation that but few years ago they claimed would ruin the country and reduce the food of the poor man to jerked beef and beans straight, At ;he same time they are fighting tooth and toe nail to keep silver from being restored to the rightful position it oc. cupied before it was secretly and stealthi,y destroyed.
 There is but little doubt that ma jority in both houses of Congress are in favor of the fnll restoration of sil- yer to the position 1t occupied before it was demonetized, but some fears have been expressed that the Presi, dent might veto such bill and that it might therefore be best to pass a modified silver bill than to run the risk of losing all.
 ] am clearly of the opinion that it is the duty of Congress to remonetize silver regardless of what the action of the President may be; a temporizing and compromising measure will give but small relief anyway, and if the President chooses to veto measure endorsed by the republican platform and passed by the direct representa- tives of the people, let the responsibil- ity rest with him. In such an event the ruined industries of the country will so unmistakably point to the ! question as the cause, that no candi. date of either party will receive any consideration at the hands of the peo pie who is not firmly committed to the full remonetization of silver.
 One of the leading causes of the de feat of exPresident Cleveland was his unfriendly action on the silver ques- tion. If in swapping Cleveland for MT Harrison the people have been cheat ! ed, let Us know it at once and let the people prepare for the great struggle of '92, and ] have no fear Of the ge- suit.
 All this talk about the inflated anC debased currency, growing out of tn, remonetization of silver, is simply i'm agInary. The only imitation that neeC be feared is d paper imitation, but any country that has gold and silver as a base, dollar for dollar, for it's circulat ing Wediunl, is on solid foqndatiol as enduring as the eternal hills, ana in using all the silver and gold W! have, and all we may hope to ge from all other countries, We st.li wil not possess more money than the bus mess of the country actually requires This has been and can be demonstrat ed beyond any question of dispute
 but to enter into the details would of course extend this letter beyon,
 the limit qf yqyT peeer to publish
 l had fondly hoped that in thi
 great struggle 10 give prosperity an,
 happiness to 65,0O0,0O0 of people,
 question in which the very life of Ari
 zona is centered-that Arizona woul
 be able to stand up in Congress as on
 af the states of the Union with tw
 senators aHd ? member of Congres
 each having vote and iOlning wit