The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-07-31
iFrcm the National Executive silver Committee.
FACTS ABOUT SILVER.


WHO rs REsPoNsIBLE?
<6. Nobody publicly petitioned foI
such . change IN the money standard
Nobody except . few cunning bene'
ticiaries knew Of the act till long AFTER,
ward. There was no public discussion
Of the question, for nobody knew OF Il
There was no honest reason for passing
II.
AZ. President Grant, who signed the
bill. did not know he was approving an
act that demonetized silver. The Speak.
or Of the House did not know II. II il
not certain that any member OF the
House except Mr.. Hooper, Of Massa-
who had charge Of the bill, and
one or two others Of the COM
mittee, knew that II demonetized silver,
and Il is pretty we'll settled that no one
In the Senate but Mr.. Sherman. who
had charge Of the bill in that body.
knew that the bill changed the money
standard Of the United States from gold
Ind silver to gold alone.
46. The act was undoubtedly q for
eign device. 1t came from Lombard
Street, and whatever London advises
Wall Street accepts, and Congress. III II
relates TO the finances, usually carries
put.
But whoever is responsible for the act,
L was . fraud upon the people On act
which 81 one Stroke increased enormous.
y the public debt and changed every
contract involving the payment or
money in the United St-tes. II was an
act that no more admits of justification
than spoliation or piracy.s
~. Somebody ought to be held re-.
'ponsible. Mr.. Hooper, of Massschu-
setts, Mr.. Sherman, OF Ohio, Director
and John Jay Knox. OF New
York, seem thus far to be the only ones
v ho knew just what was going on in
Congress. We're these Representatives
II the people dupes Of cunning, far-see-
ng spectators, or did they themselves
the true economic signifi-I
'ance OF the plundering scheme they
oisted on the country? This 10 for
hem to answer.
The people have themselves to blame|
'or submitting - long as they havo to|
be great wrong thus perpetrAted upon
hem.
LAW OF VALUE or MONEY.
so. The value OF gold depends upon
he quantity Of gold IN the world ss
compared with its uses not it, use in|
he arts alone nor its use q money alone
. but sll its uses combined.
II so per cent. Of sll the gold in the
hands OF man IL devoted to monetary
nse and 20 per cent. 10 other uses, then
30 per cent. Of its value comes from its|
lee as money aud Az per cent. from its
,ther uses that is, the demands upon
he stock OF gold would come from these
lses. and the effect Of each on the value
u gold would be IN proportion to its in
ensity.
The same law governs the value OF
silver; and, generally, the value oil
money depends upon the quantity eel
compared with its use or the demandl
or ii.
The conditions which determine need
or money or demand tor Il. are popula-
ion and weslth-that ID, number OF
people 70 make exchanges and the guam
isy ofthings 10 be exchanged.
THE EFFECT or SILVER DEMoNETrzArrox.
81. Tho first effect was to cot up thel
Jingle gold standard, aud then 70 aug
nent that standard BY increasing the
value Of gold.
The value Of gold was increased by iu-
'reasing its use q money, at the same
ime that its production fell of. In 1879
neither the United States, nor Germany,
Tor Italy. nor Holland, nor Norway, nor|
Denmark and Sweden used gold, butt
Iftcr silver Was demonetized I'll these
containing . population of
so, 100000 OF people adopted the gold
taDdard aud went to using gold, and in |
en- years these seven States took ol,-
40 100000 of gold, 90 that the gold
money then in use was divided upI
Imong more than twice ss many people
. used gold In 1873, while the produc-
ion Of gold fell of from q maximum oil
l55. 600 900 10 1853 to about sos. Co.,
10 in 1890.
50. On The other hand the worlds
population is increasing more rapidly
han ever before. The population OF the l
United States coubIes In : period of
bout "a years. There IL no prospect Of
q increase 10 the supply Of gold, while
ls use 10 the arts and dentistry increases
very year. With tie single gold stan.
ard, what other result 10 possible than
or gold TO 60 on increasing in value
rom year to year and prices OF farm pro-
ucts continue to fall?
he EFFECT or THE RISE or GOLD oHl,
FARM PRODUCTS.
So. In 1873 corn was worth 40 cents
bushel and yielded . return 10 the
Irmer Of Sll.4l an acre.
In 1888 corn was worth % cents eli
ushel anc yielded return to the farm-
+ OF o7.63 an acre.
In 1879 the home value OF wheat was
Is; average yield, 12.7 bushels, and
'orth $l459 per acre. In 1889 the 4
ome value was o06S6; yield por acre, +
} 3 bushels; value per acre, IS 98. THEFT
uantity per capita WAS about the samelt
1873 % in 1889. ID
Oats in 1878 were worth S037; init
sS9. SOFA, and yielded 70 tho farmer|t
5 20 On acre, instesd Of 310.37. IN 1874. u
Barley In 1873 was worth 50 Oh Ok
nshel and yielded the farmer 42l.l5 anti
IRE In 1883 II was worth o0.59 : bush Il
and yielded 412.57 % acre. X
u 1870 m QO4 nm v1f1ch rn~s -aenll