The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-08-07

|ihs dark ages. /.
| REQuIREMENTs OF SILVER. Il
1 Is. To supply the increase In tho
I worlds population with ten dollars per
capita, would require . production o.
the precious metals, devoted 70 money
use, Of from two hundred to two hum
dred and fifty million dollars each year: !
J "a. The production Of silver IN lSD
was about 3l40,O00O00 and Of gold
olO5, ,000, 600. or e245OOO QUO Of botn
me tails. But probably $780, 900 Of the
gold 10 used Ia the arts and dentistrysI
and e3OOOOO00 Of the silver, leaving outi
S25 100000 Of gold aud 9ll0OO0'OOO ofl
silver for monetary use (;f there va nol
restriction on the use Of silver) or ol55.
00O. 900 OF both metals; and % wealth
and luxury increase. more and more
. gold and silver are used for plate and Or
snaments.
!. 7s. Thus, the supply Of the two met
! als falls short Of the needs OF the world
..for money. but when the silver stream ~
: shut of and the world is LEFT with only
ssthe insignifcsnt supply Of gold. what
I must the consequences he2 Are 10 not
!. facing the dark ages again. and that, toos
with mountain loads Of debt never
dreamed Of in the middle ages-deots
too, 10 be discharged by the ever-in-
! cressing standard OF gold
4 THE DEBTS or THE WORLD.
: ~. Il IL impossible 70 state with even
/. an approx imation to accuracy the deots
!. Of the world. Moreton Frewen esti-
u mates the debts Of Great Britain, OF al
kinds. at 10000 100000. and OF the
!. world at A. hiRh as $4,000 OOO,O 600.
,.This is almost inc0nceivable. But sup
,e pose the worlds debts are but bali that,
.r they would then exceed sll the wealth
OF every description In the United
Z, States.
J. co. Are al these debts to be die
e CD arqed from the tiny stream Of twenty
or thirty millions OF gold year9 Who
;Ibelieves there IL enough Of both metal.
even, to ever discharge this huge pile o.
y debts? And ever-increasing deOtl
mean over-increasing taxes.
|rxcREAsE OF POPULATION IN TUE UNrTEr
=. STATES.
n. 81. The increase Of population Of tn
pd u nited States now reaches nearly ZOO.
q COO wear. This means at least 600,OOl
he enew workers In the fields Of labor eacl
20 wear. Not less than go 100000 Of uev
bs|monsy Is required for this new popula
sItf0n.
'il.,nn1lnKMEHf o. NATIONAL BANK uoTEI
q. Thsse are yes el7o0ooQ QQo q ?.
lx'ita0na1 oonk NOTES (o - rotiro1, 90
eho plnoo of tbooo notes = ooe supple
jnlw1ek 0ohos .moooys c0uerocljon % q
20 thot extent muet foIlows
ut PRODUCTS OF THE UNITED sTATEs.
om g. The value OF the total annual pr
'sss a ucts OF the United States prcbabl
'ue reaches, in prosperous years, $4,000
dIIOOOO0O. The annual supply Of gold le
for money for the world would n'
IN much exceed per cent. OF the value
the total wealth Of this country slon
nnl A md there is room for doubt wheth'
ne there is really any new gold left over {!
sed monetary use, after the demand for q
arts is supplied and loss 10 various W,
smade up, and almost certainly II ~
o. not be- long until the present stock
lng gold money will Be drawn upon for q
- arts.
BI-MErALTsM.
Wv. "a. Bi-metalism Il the unlimited .
IN. OF gold and silver for money, or !
~. right to the unlimited uee Of both the
IA metals for every money purpose.
"a The theory OF bi-metalism is that,
ma - there IL any falling OF 10 the producti
: e, OF one metal ss compared with the otn
or any tendency from any other cat
a.. FOR either the gold or the silver TO
"a crease IN value. the other ie taken up .
, I'M n. its use for money increased and its vi
+" theseby upheld.
!. III S. History shows that the prod'
y 80 tion Of the two metals, while they g
"a sc,' vary relatively, has been much stead
! ~ ~ than the production Of either alone, :
pvs ,.s ct very few periods Of the worlds .
~ n, tory has the production Of one been
vho ficisnt 70 keep up the supply o. mor
49, for the world.
49, Sc. II has been shown that Il was
!. .. 80 legislation alone that the operations
~ Ls this law, BY which the parity OF the
'ons' ia metals was maintained, Was broken.
" No. ~, illustrating this fact, during the {
80 half Of this century the supply OF ell
|, 's.se Va IN the proportion Of about 3 OF
,ssss yer to Of gold.
'sss 'sss But from lel9, for about 30 years.
~. supply or gold WAs about 10 ! Of sil'
80 iand ID single years reached to J.
,s,.h At the present time the production
49, L's about II os silver to Of gold.
~ preeont production OF silver, noWo.
-. -. does not equal the production Of gold
~ ~ 1853, which was ol65. 100000.
. a. 81. But during the periods when
..ss - production OF silver was three III
,,cr. s. Iihat OF gold and when the production
NJ. gold was three times that Of silver,
49, 49,, 1.-Two metals, with free coinage In Eur
,srr. 49, on the rstio OF Isl to !. Was every y
= ~ kept at parity. except - varied BY
4 = state OF The exchanges between dide'
Z the countries.
4. IL IS. Il was the same 90 II the me
and ~ they came from the mines were n
,urht ed together and coined % . compo
eold metal al-sometimes more Of the vel
ana sometimes more Of the white ~
= helbut the value OF the whole dependInl
we're |ths total quantity Of both metals ip
' had world and the total annual supply.
!. ~, SO. II, with thu two metals me
X Frs he together and coined, one-half shoult
n'sd e suddeuly destroyed, everybody ~
\ NM see q once that change would Dc q