Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-02-22

Of here and there CLASS IN sllus ~ ..t,,t,la
csi;tv. and AZ the expense Of incomputasoiee
iniury 10 the populations OF tue worm ~
LARGE. would demonetize silverG -,
meal Is prepared for ten or uoheh
mon ENOUGH and no more than enough
Tor fbis number Is ordered and proVlusui;
ne consists Of game and OF oae9 3.. . ar
Green's. Two or three OF the party " -,
concert Get the start Of their unsuspeo'tihhe ~
conpanions and consume the game on .he
aJaa tbat their appetites are peculiar,
lasving the bacon and green's for the resi-
of the company. Moreover. on the tneoi l.
that haeOn and green's are on iihplopos
food for man. and setting up theE o .'.l
oninions AGAINST the wishes and judgments
of triDle their numbers, they throw, sno
condemned viands out OF tho WinuO"'
leaving their companions mealless. ,
If We consider these ten OF dol5ni u ~
az tvpes of the nations Of the eartn, w
49, ~ ~ f,rnishes martial illustration OF the
,,orrers and the morals Of the mQnone-
teilio members Of the family OF nations.
n lie mot pretended that England design
al in mailing rold her sole legal tender III
tsi'e and ts2i 10 bring about the eyils re-
sultipg from that policy when now 9iulOs
tbe world But Germany cannot De 50
exonerated. and both England ana .t:
many have been repeatedly lhEOhgu WI" ttn!r
tbe last sixteen wears, 10 abandon uieH
acoressive legislation against silver ana 10
return to the bimetalllc policy. upon
r.bicb the prosperity and wcll-belng OF
tbroe fourths of mankind depend. AS YET
tbeso oppeols have been disregarded; ana
IL tbe coulbiuedactou OF thetWo Powers
nersigted IN since 1873, which mas oroukuy
about that arrangement M the MONETARY
system of the world whichnow exists oilFeI
is more truly and more largely tne coIiIli ~
money of the world than gold. Oh th'
81 -. al II non lEIAiTf
No one nation has the moral ri2hJ 10 M
nair its value and usefulness rs such' anu
those nations which DO Willingly conoiu
for the purpose become, IN that matter
bOy'eS hUBdHi gcliaiS.
NOBLE EXAMPLES or NATIONAL dFNERosIIf.
n will have been seen that France aud
Holland are numbered among the creditor
nations. Yet these two countries nave us
dained TO consult the dictates OF narrow,
selfish interest. and have opposed iu9
dieipberison of silver France, as II hlled
| ,rifb tha same generous Instincts Whlcu
inspired her friendship for, America
in i776. and Holland, as If impelled oy me
| kindly impulses towards our coul.-
trv which actuated her when,, uu-
ring our infant struggle tor lndepenu9Iu ~
80 9ronte d ms ON liberal terms loans
y6icb could be obtained nowhere else on
onv terms; these two historical alheS or
| fbe limited States in all measures Tor the
rigbts and interests of mankind, now stanu
frrrnIv Inv the side of our country, aSalhsv
| tLe allied Hessian and Redcoat. IN sup,
mort az the metal which is, by nature ana
historic provocative, the universal money
| of the world, and IN resistance OF Ine c IN
| sriracy of few Powers belonging 10 tuo
| category OF creditor nations 10 accolnp1Illsn
| for interested ends its degradation IL Eu-
rope. -
/ HOW NATURE ADJUSTS PRICES.
Tho price Of every leading commodity, OF
| commerce. 80 far as il IS not Affected by
/ Iocai or temporary influences, depends
mon the 0uantity Of that article for sale
! in the world compared with the demand
| f1r n and the quantity of money IN the
| world which is applicable 10 the purchase
| IF commodities. This is as much as to say
! that prices are regulated by the relative
quantities of property and OF money IA
| existence and by the demand toT eacn.
| Thonob monopOlies. embargoes. and tariffs
! interfere with this general law, yet ther
| influence being left out OF consideration
! the general truth is as stated.
II Is supposed by those who have gwen
| investigation 90 the subject that for every
| dollar in the form of money there ought to
| he in every country some $50 In the form
| of other property. If so, then Il the vol
ume of money be doubled y Will perform
| the service which 81 did before, and the
| value Of property stated IN, money VIII De
doubled. If the volume of money be re-
| duced by half. then one dollar will have 70
measure what two did before and prices
| will be reduced half. Nature sets men to
work in all the industries Of the earth, pro-
| ducing things in great quantities ana
/ variety, She also sets them 10 Work ID the
mining Of the precious metals.
These operations Of nature, exercised
! through human industries, produce pro-
pcrty and money IN quantities better Or
! derpd and adjusted than human govern
| ment could order them by intellectual or
| artificial continuance. SO that the quanu-
! ty of property aud that Of real money
| being determined automatically bynatuTal
causes. certain range of prices result
under the operation of the laws OF trade.
| Given the quantity OF property IN Jue
world. and gwen the quantity OF money !, IN
circulation; their price IS AUTOMATICALLY
evolved from the two data by force OF the
laws of trade: price being essentially a
| mere result and not factor.
ABUNDANT MONEY BRINGS PROSPERITY,
SCARCITY OF MONEY PRODUCES PERJURY.
The experience Of mankind in different
| eras has shown that an increase IN the
quantities of gold and silver money lnya;;
riably produces marvellous material ana
intellectual development resulting IN gen.
eral prosperity. while a decrease in these
| quantities Is always attended by qepres-
| sion, stagnatiOn, and impoyerlshment.
High prices of property invariably cha
| racterize the first condition, low prices the
! second. The most common illustration
| of this historical truth Is the comparison
! of the low prices of the Dark Ages, which
resulted from the dlmlnution OF the
worlds stock of gold and silver after the
fall of the Roman empire, with the al
vancing prices which followed the dis
| cOyery of America and OF IFS rlch mines
| Of the precious metals
Mr.. Hume, in one of his essays on CON-
! merce, makes the following OBSERVATIONS
1T is certain that since the discovery OF
| America industry has increased in all the
nations Of Europe, except in the pOssessOrs
of those mines; and this may be Justly as
| cribed amongst other measures to the IN
| crease of gold and silver. Accordingly we
find that in every kingdom into which
lfnonev begins TO how with greater abund-
ance than formerly everything takes anew
face, labor and industry gain life, the mer'
chant becomes more enterprlslng, the
| manufacturer more dlllgent and shltul,
aud even the farmer follows his pillow
with greater alacrity and attention"
Allison (History of Europe) says: The
fall Of the Roman empire, so long ascFlDed
in ignorance 10 slavery heathenlsm, and
moral corruption, was in reality brought
about by q decline in the silver and gold.
mines of Spain and Greece. Columbus
led the way in the career of renovation
When he spread his sails TO cross the At
lantic he bore mankind and its fortunes il
his bark The annual supply of the pre-.
cious metals extracted from the mines Of
America was tripled; before q century hac
expired the prices of every species OF pro
duce were quadrupled. The weight Of
debt and taxes was reduced: in the reno
walton Of industry the relations of society
were changed the burden of feudalisu
cast of; the rights Of man established"
The increase of the precious metals from
American mines continued at a gradually
diminishing rate for three centuries, bu
was checked finally by thereyolutlOn which
occurred in the Spanish-American State!
in the early decades Of the present cen
tury. The circulating medium Of til,
globe remained stationary in quantity from
1915 20 1919, q period marked by grea
financial stringency and industrial dis
tress. The penury Of the Dark Ages Will
its attendant evils would have REQUIRED
by the end of that period had it not beer
obviated and opposite blessings introduced
by the opening after lS4s of the great re
serve treasures Of nature found in Cali