The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1892-06-04

which was largely republican, ant
it stayed there and it is there yet
4 While the above bill was pending
action in the Senate, the "brain,
men" of London were holding .
meeting at which they passed reso
lutions denouncing the action 0
the United States Congress in try
ing to pass free coinage silver Law
without the cooperation of foreign
| powers. Whether the lower Hous'
acted or not as dictated by Londol
we are not prepared to say, but VI
will say they did act in harmony
with London sentiments by no
passing the free coinage measure th'
American people wanted passed.
The reader may wonder why En-
gland should interfere with silver
legislation in this country. TIL,
reason is plain when fully under
stood.
midas currency is silver. Al
ounce of silver when coined into
rupees is worth $1.44 1925. Ar
ounce of silver bought on our mar
kets can be landed, coined into ru
pees, in India at cost of about
cents for coming and Transports
ton. When England buys an ounce
of silver in our markets for SO cents
she makes clear profit of 40 17-25
cents alone on the silver, as the ru.
pees are legal tenders the moment
they are struck off at the minis in
London.
India has a population of 252 ,833, ).
683, and her annual silver product
is not enough to keep her inhabit'
ants in jewelry. She is dependent
on the markets of the world for her
silver, which comes to her through
England full fledged legal tenders.
This is why England NEEDLES with
silver legislation in this country.
It is not for the interest she takes
in our welfare that she would advice
our Congress to prudent legislation,
for she cares not at what moment
we may become bankrupt and cease
to be an Independent nation.
In the present Congress, Richard
P. Bland. Of Missouri, who has
worked assiduously for silver's in
terest for nearly twenty years in
Congress, introduced free coinage
silver bill in the lower House. The
measure was both discussed and
abused. Mr.. Stone of Pennsylvania
even went so far as to try and ridi-
Guile the peoples hero and cham
pion, the Hon. Richard P. Bland,
who has fought honorably for sill
ver's cause for nearly twenty years
in Congress. AS we do not estimate
abuse and ridicule as any argu-
ments, we will not dignity the gen.
tleman's remarks by repeating them.
Williams of Massachusett, in OPP
posing the bill, said in part: "Gold
is the standard of nearly all nations
of Europe, and when we declare for
free coinage of silver, where will
gold go?" 1t would not go into the
pockets of the gold bugs, Mr.. Will
liams, for speculation, but it would
go into the avenues of trade and
the dormant industries of
our country to healthful action.
The Shylocks of Wall street could
use gold no longer to buy up silver
on the markets and speculate on it,
as they are now doing at the sac
rifice of the nation.
Let us see what nations of Eu-
rope are using the gold standard.
Russia, with a population of 49,
)OO, 900 Tin Europe), uses the silver
standard. Her annual product is
about $415.676 of silver, or less
than ! accent per capata. IfRussia
could make us q present of her sill
yer product every year, it would not
be enough to furnish each boy and
each girl of the state of New York
With 25 cents worth of fire crackers
TO celebrate, each year, the 4th of
July, with. No danger of a "big sill
YER "dumpage" from Russia. Her
annual gold product is only $685.
584, 900, or less than 33 cents per
capita. Her annual product of both
gold and silver would not pay an
annual interest of 2 per cent on her
public debt, which exceeds $1,000
700, 1000.
The Empire has an issue of ire
leemable paper money circulating
through her provinces to the extent
If $85C,OOO,OOO. This kind of
money may DO to deceive the peo-
Die with at home in time of plenty,
out the present famine exhibits
low worthless it is when pressure
orces them to deal with other ma
ions. Either a famine or war in
he United States would place US
n the same financial predicament
Is Russia is in to-day. We would
either have to borrow from the gold
Bugs, pay them interest and mort
rage our homes and industries to
hem for their accommodations, or
it down and starvc as hundreds of
he Russians are doing to-day.
Australia uses the silver stand