Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1891-07-04
FREE COINAGE DEMANDED.

The National Executive Silver Com.
mittee wis in session recently in New
York. Senators Jones and Stewart OF
Nevada were in the city and gave the
committee the benefit OF their advice.
As the result Of their deliberations the
committee gave TO the public q state
pent in which they call attention Of
the country TO the object lesson which
is being exhibited in the desperate
struggle Of the great financial institu'
tons on both sides of the Atlantic to
increase the gold reserves to avoid
bankruptcy and ruin, and that any
increase by one necessarily dimiDishes
the reserves Of the others. Why should
such a condition of things exist in n
time OF pround peace and abundant
harvestsf Why should all the great
banking institutions attribute the stag
nation and hard times TO \ scarcity OF
money--still adhering TO a gold stand
ard, when they admit there is not
enough gold to maintain the business
and credit OF the commercial worldly
For eighteen years the basis OF credit
on the gold standard has been extended
and the production OF gold has fallen
ia, while the structure OF credit has
bsen growing proportioDately larger
and more insecure, until the relation
Of credit to actual money, as disclosed
in the Barings' failure on gold stand
ard in England, has alarmed the world
and started a new scramble for gold
that threatens all business nndertak-
ings and stalks as menace to every
legitimate enterprise.
The address further says: We have
been doing business, paying debts and
distributing our annual products by a
money standard that has been growing
dearer and dearer, until it has become
so per cent. larger than eighteen years
ago when silver was clandestinely de-
monelized. People are determined
that this injustice shall cease. The
remedy is the restoration oil bimetal-
ism.
Were IL not for the increased coin
age " silver under the act OF July,
1890, we could not have stood the drain
al gold that recently has been going
on without the precipitation OF panic
and the prostration OF business. Gold
and silver without limit are money by
the constitution, and this money must
lie restored to the people. This is
permanent issue in this country and
should be made such in all elections
this year.
The address regrets that the Repub-
ican State Convention Of Ohio prac
tically declared against the free use OF
silver us money when il endorsed the
act Of Congress which treats silver AZ a
commodity.
The demand for the free coinage Of
silver, the address continues, is de
mand that silver shall be coined for
use as money and not be bought as
commodity. Ii isa demand that silver
itself shall be money and be coined in
the same manner for use as IL was for
thousands Of years before Sherman
omitted from the Mint bill in 1873 the
the silver dollars.
III Tit tllNtT VI tHt with Nuh hot w
restored TO its place as money to sup
plement gold, bankruptcy and ruin are
inevitable unless some other kind of
money can be devised to take the place
If both. Let the Ohio Republican con
vention take warning that il silver can
not be remonetized, gold will be de-
monetized and and paper substituted
for both gold and silver. People will
not be destroyed for the want Of money.
The gold trust, by rejecting one of
the precious metals, has taught how
both may be rejected. The radicalism
of the Ohio Republicans for the con
centration in favor OF contracting the
currency will be met by radicalisn fol
its imitation. Platforms intended 70
deceive voters are insulting to the in
plligence OF Americans.