The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-07-13

NJ 1l1lnlAl MID,
|NBRssl 4 Wo1ld Aavs bssn. ! great pleasure :
Nh N1e eolloton ~ ~ address On Shis sub1ss
M u I w Hea. Richard +. Bland. OF Missouri
ga 1l~so1xns1axess having called hin back =
4oos of eenGrsss, / have bsan inpro
AssS1eA4 y AA1AxsDressntativA and take pleas
n I'M n apDJArtns before you for the p1r
Anoae " s1bnittina Some views concerning
Eenls greas question. far-reashine In III con
II Oeqnsncss. touching shs wsllsprinR OF tn'
NAel4 rsDublia. andof sufficient Importance
~ N occupies 1hs gateway 70 The discussion
ef NJ whole range Of economic qusssions
~ ehallsnes ihs attention Of avery Ameri-
~ sitizsn. N. Theirs. In his preface 70
Ahe history Of the French revolution. says
No psople Of France we're incapable Of
eomprohsndinR the march Of ideas. Had
Ahey bssn they would have avoided shs
hloodisst chapter In ths history OF siviliza-
tion-namely, The French revolution.
hope the historian who shall write tho his
very Of ths political eonfict OF our day
may avoid ths necessity Of infiistinR upon
American civilization The same criticism.
..Cromwsll said TO his painters: PAM
40 ~ ! am. II you leave out those scars
ana wrinklss / will not pay you : penny
! wish 10 paint the present condition OF the
republic Just az ! ses II, with ito wrinkles
and IL scars. believe in the ltimat
triumph Of civilization and Of distraction
u III obstacles which now impede its pro-
UrAas. and vet sec these obstscles ano
comprshsnd them. We are in the midst OF
one 81 the most tremendous political up
hesynls in our history. The people want 10
ret the exact truth. do not wlsh to con
#y-.-pAnctry> mot hA nnfAf A
vfonr impression myself. I believe in the
Socratic method OF tsRohing, BY questions
.How many people had We in the north
Arn states when the war closed!
LESS than 25,O00.00o and in the south
IN the north times were then proverbially
rood, prices Of all products were high,
money was plenty, people out Of debt and
paying Dash for what they got, and in the
south times wsro bad. property was de-
stroyed and nothing left but air. lnclud-
national bank notes and $780, oO.ooo
specie, the volume Of circulating medium
Ia the north amounted, in round numbers,
ID $4,000, 0 1900. Two billions of money
circulating in the north. confined 20 70. W0,-
900 81 psople; $50 per capita. The people
were comparatively Tres from dsos, payaH0
generally cash.
aAnd now / want TO ask you another
question: How Many people are now using
the money in circulstionp Si1ty-four mil
lions. Take 25. 000. 600 people from 64.OOO.-
600 and you have 5000 600 left. That's
tlsman here who will contend such tre-
mendous addition onn be made TO the pop
ulation without addition to ths money sup
ply?
sum Of demand for all other things. Now
- rrnvS an n nd 90 nfn mn y>nH,
pie TO our population without increasing
the demand for money! Mi. Charles Fos-
tor now rays the amount in circulation is
1000, O0O, 900. Here's an increase of $50 per
cent in population and q reduction OF ~
per cent in circulating medium. That's
for money cannot be supplied, and hence
people have organized and produced COM
motion throughous the republic. |
Nov a. 10 the remedy. The first step
must DO conservative. No one should be !
willing 10 hurl into circulation a large
che hrst conservative step is to reinstate
silver BY free and unlimited coinage. and
~ the present. ratio of sixteen to one.
This ~ the ratio from 1900 B. G. to 1889
IA. D., through all the vicissitudes of ma
tions. and from 1900 B. G. to the time of
the Demonstration OF silver by Germany
and the United States in 1870 and 1873 was
there a time when silver was not at q prem
ium over gold in this ratio? The intention
TO demonetize was concealed from the
American people and the name in which
ii was done was not creditable to American
statesmanship. But Immediately upon it's
decentralization by Germany and the United
States silver began to decline. Why? It's
decline has not been caused by any in
crease in production of the precious metals.
The increase of production has not kept
pace with the demand for 1t. 1t is less
- IL n-D n-l chat Sc xlan1s~n tn,
boon the result OF unfriendly legislation
and hostile demonstration, both in Europe
and America. 10 q fact beyond a question of
doubt.
..But, says one, if you were to have free
coinage of silver-free and unlimited coin
Give it the same rights in the mints of the
United States that are accorded gold
bullion today. II I own gold bullion I can
take II to the mints of the United States
and under the laws OF this country. the
government is com pelled to coin it free OF
!, was the position that silver occupied prior
10 the time that it was stricken down in
this country.
We'll, but, says the objector, you will
drive gold out of the country; that is
Grssham's law. Not Judge Gresham; he ia
leave the country ahd silver will take the
place OF it. Europe will dump all of her
silver over here. When q man said that to
me the other day when | was standing on
the platform at Portland, Or, addressing
m audience of S. 900 people, l said rever-
entity: 'Oh. Lord. lei Europe begin to
DUMP"
"Why,' said a gentlemen tho other day
TO me; he had no coat on. a checkered shirt,
his eyes were sharp black ey es; he only had
one suspender, and that diagonally across
his shoulder: he was whiting with a Jack
E i hfa 0n~kn rail AEa- -
patches in them because the holes would
wear longer than patches. He said: IF
these silver fanatics are allowed to 80 into
power what are we going TO do when We 90
aoroadr CHEERS. Now, my friends, this
country cannot make money that will ci1cu-
late beyond three marine leagues from its
shores. Your gold is not money when it
reaches the old world; it is bullion. Your
nation Gan only make money for your own
people, and "a Senator Sherman said a few
days ago in the senate of the United States;
The trouble with the American silver dol
lar ia that You cannot get rid Of it.. If Won
pay it out it comes right back to you,'
That's the kind Of q dollar for me exactly.
lCheers. What we want is q dollar worth
less as bullion than it is az money. Tnen
Il will stay at home"
Good Looks,
Good looks are more than skin deem, de
pending upon a healthy condition of all the
vital organs. II the liver be inactive. Won
have a bilious look; if your stomach be DIS
ordered you have q dyspeptlo look. ana il