Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-09-18

has nearly doubled. Bonds and ohliga.
tions for the payment ui money resting
upon good security have enormously
increased Ia value. The money kings
" Europe and America coutendet that
there was plenty Of gold for use n
money until the failure VI the Barring |
Bros. by that failure the gold reserves
u the Bank Of England aud all other /
great MONETARY Institutions were uu-
covered and found 10 be- In.
sufficient. The Chancellor Of the |
Exchequcr found II necessary 10 |
warn the banks n England that |
credit must be ouf,ailcd and gold re-
serves increased n avoid disastor.
mefclal world have been roObing and
bleeding their customers In order 10
save themselves from ruin.
GOLD THEY WANT
and get at all hazards. IL cannot longer
be denied that there II not gold enough
/ ~ use IA money Of ultimate rcdump.
/ ton. Recent events have proven that
commercial credits are worthless a.
eoOna. II becomes known that there n
n deficiency % money of ultimate re-
demptlon. This man attempts 10 prove
/ that the advocates Of free coinage are
confined 10 rich silver mine owners
who arr attempting to sell silver g. the
government tot more than IL market
value. The want " truth In this ~.
sertion and the ahsurdity ~ such nom
sense are glazing. Every Congress
since the
FRAUD OF is1a,
demonetizing silver, was dlscov.
cred, has contained majority in
each House In favor Of free
coinage. Il has required the utmost
efforts n the gold kings, combined with
the power " the Executive Of tho
United 5tstoa constantly oxcttcd, to
prevent the restoration u silver, the
money 0f the Constitution, TO the place
Il occupied before Mr.. 5hcrman's
amendment, which was not read In
the Senate. appeared In the statute.
More than thfGc.iourlha Of tue voters
of the United States are In favor %
free coinagc. No political party dare
declare against Il In direct terms All
partle. pretend To favor Il, hut In many
oftheir platforms they avoid the quts'
ton by ambiguous Rnd cunning
phrases 10 dclude the niassts. Tho
wisett and ablust thinkers Of All Europe
also favor the free coinage Of
silver. The gold party j. COM
pri..d Of bono holders. The bank
Ing housrH Of New York are simply
agents for foreign INVESTOR. Many
thousand millions Of European money
have been invested BY thcm In our
national, State, railroad aud other
bonds. The investors demand payment
in the dearest money. They oppose
the use u silver "a real money because
they fear that Il would make money
cheaper. Their New York agents have
hut one object Ia View, which v %
please their European patrons and
. clients aud share with them the profits
I of their American investments. Orders
, from Europe on financial questions are
commands which the Now YORK bank
ofs must aud DO obey.
Tho finance faklfs have Invented a
. newcatnl0guc igh-snunding phrases
. designed ~ deceive. They admit the
necessity for more money, tut LAY they
want good money. They want each
Z dollar 10 be- worth NJ much as any other
I dollar They are willing 10 coin more
I silver, but they want Ia keep each
/ silver dollar equal In value 10 gold
dollar.
There are but two ways 10 accomplish
this result. One Is free coinage, which
! maintained the two metals at a parity
= for thousands Of yeaTs; the other Is n
promise 10 redeem each silver dollar
with gold dollar ON demand. By Ia,
latter method silver dollar may bt
. kent equal to a gold dollar la value ~
! long a. the promise VI redemption
! eau he fulfilled, but n silver 4
y 10 be kept nj par with gold
. by promise Of redemption In
the latter, silver N only credit money
and II no better than paper. There ar,
b. now about four thousand millions d
I. paper In circulation Ia the world, ant
, alou, tnirty.oight hundred millions IL
4 silver coin. The pretended advocate
A Of silver money, who oppose free c0in
n age, contend that She paper and th'
, silver In circulation must depend foI
a value upon redemption In gold, ant
, that the gold standard must lie main
4 tanned, Notwithstanding they admit
d that there is not gold enough for tina
II purpose,
Hut Alr. Sherman, who dcmonetl1e,
silver, has adopted the ca ltle.iish p0licl
=, aud Is attempting 10 deceive an'
:. abuse the miners throughout the west
y The Treasury Department Mt Washing
~ ton looks upon Wall stree, ~ being IN,
=, centre Of all great business trahsac
| hlullFs HA7 s"' h"'hh1
y 1--we years worked In harmony will
! the gold ring. They have tOgelhe
y successfully manipulated the two grea
national political parties.
!, The question IL now thoroughly bc
y fore the people Of tho United states
IL ~ being discussed ON every hand
:, The farmers are generally In favor q
" free coinage, and well they might b,
V For many years they have sold thei
u wheat aud cotton at n discount OF iron
y thirty 10 forty per cent. TO get gOl
70 with which 10 pay their debts. CheaI
= silver has reduced tho price OF iArn
n products and practically deprived IA,
" hrmor Of the European market.
" Ten years ago the United state
y furnished 90 per cent. OF the whoa
I, shipped 10 Europe. Two years az
~ we contributed less that - per cent.
70 Mr.. sherman IL la error when h,
y says that the mine owners demand 10
70 their silver more than It's marke
~ value. No act has ever been passed
y no till has ever been introduced, ani
~ no proposition has ever been made, II
~ or out Of Congress, which could by M.
~ possibility give tho miner more thai
~ the market value Of his silver. Unde
p, the Bland act the government bough
~ silver at It's market price an
p paid It out ut It's coin value, an
~ under tho net Of July ~, 1880, whicl
~ was substituted for the Bland act, tn
a. Al