Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-09-18
THE SILVER QUESTION
IDLY Discussed by Senator Stewart
and Hon. Francis Rowland
At THE CHAMBER or COMMERCE..
The subleel One Of The Greatest Among
Economic Questions.

n
bu,iness and mining men assembled
nj th. Chamber Of Commerce last night
for the purpose Of hearing Senator
stewart, Of Nevada, discuss the silver
ouestlon. The distinguished aud able
advocate Of free silver was introduced
by President Simon. lie was greeted
with q storm Of applause.
MS SPEECH
Mr., President and fellow citizens:
The subject upon which have been
requested TO speak ia the greatest Of
economic questions. The success Of
every industrial aud commercial enter.
prise depends upon II. Were It possible
for the gold trust to succeed In reducing
the standard basis Of money throughout
the world and diminish the quantity
Of gold, there would be very little IT.
rlgalion In the West or elsewhere; the
AMERICAN FARMER
would cease u be an independent man
by becoming tenant farmer This
cannot be- doubted. II Ia an inevitable
law. Man cannot check IT, The gold
standard means the creation Of very
rich and very poor people.
Man is tho Inventor VI two things,
both purely artificial and both absolute
essentials In society and civilization.
One l. worthless without the other.
When man dwelis Ia ISOLATION or So
clunlon they are also WORTHLESS; the one
l. apeech.languagc the means Of oral
communication. In society n knOwl.
edge Of this communication u essen-
tlaI. The second invention u which
refer Il money.
ID IL also necessary In civilized
society. it, poasnssion Il essential In
srdcr 10 exchange the product of one
mans labor for the product ~ another
mans labor. II We dwell alone then,
money like language Il no good To U.s.
But 10y one We exchange the other Tor
things that we cannot produces OF do
not possess.
MoNTY ~ 4 NECESSITY.
Its value depends entirely upon the
supply and demand. Inherent value
docs not exist In anything but finds
it, creation In the mind Ol
man. In order 20 create value
two conditions are necessary
hr-i, the limitation Of quantity
second, the desire 20 possrss. One
without the other has no value what
ever. Much Of the iinery used ~
wearing apparel i simply worthless
fashion, however, places an imaginary
value ON such things. The value oi
money fuctuatss Just Ike the value OF
everything else. IL IL the quantity ol
money, other things being equal, that
regulates the demand. Money II tho
MEASURE OP ALL VALUE.
The nations Of tn. earth have sought
for II since the beginning OF the world
Empires have been founded and dca
troyed by supplies and money famlnes,
caused by cunning sharks who have
played with and at the expense Of tn,
multitude. Thn multitude does mol
usually discuss this great question aud
IN consequently ign0Ant Of tho vita
Iarts Of this great question. We Ar'
rapidly advancing la the
ARTS AND sCiENCTs
and are making the elements sub
scrvient 10 the many wants OF man
Thirty years ago Americans struck thu
shacklcs from four million slaves, ant
since that time they have invcnte,
enough machinery 10 perform the labo
ofone hundred million human bcingr
We arc making progress that u
astonishing 10 the world, we car
measure successfully the distance o
the fixed bodies In the armament AM
solve almost any problem that does no
pertain to
MONEY or RELIGION.
Not being a theologinn, | shall no
discuss religion. Every man has tn
right 10 entertain his own religion
Views. Gold and silver are the onl!
materials that We have yet discovers
from which we can make money whicl
the people would generally accept.
mean by money not credit, not
promise TO pay, not n piece OF pspe
that has got TO be redeemed by som,
hing elte, but money that does no
have to he redeemed, money Of ulti
mate redemption. II has been manu-
featured from many things, but goll
and silver alone give satisfaction
These two metals have always bee
limited In quality, too much so. Their
has never been enough OF other. IN
silver question Il warmly wnged cor
test between tho producers anu the al
sorbers OF wealth. When the wOrl,
was ia debt more than one hundtc
thousand million dollars, which, b.
agreement, was payable In eitho
gold or silver, the gods
uenry entered into conspiracy
break the contract. by fraud an
strategy they secretly oontrived
manipulate the laws OF the Unite
States and Europe IN q manner tina
would make II necessary 10 cancel Ga
debt In gold alone. At that time II
estimated that the gold aud silver col
of the world amounted 10 about sovo
thousand Ave hundred million dollar
Paper money, commercial credits, an
other obligations for the payment {
money were predicted up0n this sl0c
Of gold aud silver coin for redelnptlO
or payment. Both gold and silver col
wers real money for the ultimate u
demption OF every promise 10 pay /
money. About half of the coin OF m
world was gold, and the other ha
silver. The rejection Of silver left n
money Of final redemption but gold.
Since that time the gold coin Of III
world has not been materially II
creased. The product OF the mines
mas BEEs ABSORBED
In keeping good the stock Of gold o
hand aud for non-moneiary purpose
The director oftle mint now estimate
that there are only s3,727 900 ~ gol
coin In the world with which 10 redeel