Arizona silver belt., 1892-04-16
CURRENCY.

ohAl LuahihB ~ thS ArNuAhG AoaNo VI bho day, but is circulating documents call ing on every person interested to sign articles piedgihg himself to vote for no man that is not pronounced advocate for the restoration of the peoples cur rency to it's proper use, and to take it out of the hands of the gambling fra teruity for once and all Iowa has already passed law prohibiting gam bling in gold, and 1t now becomes a necessity for other States and Tsrrito- ries not only to follow suit, but to go still further, and make it penal of fense for any man or body of men to debase the currency of the country, viz; gold and silver, by making it a feature of gambling devices, known in their parlanee as dealing in "puts and calls. The market for silver has de- clined and carried down with it all Kinds of securities, and what is more damaging to the people, all kinds of products, and by reducing the wages of working people in many localities. In England the result has been more dis astrous than in this country. A pledge should also be required from every man running for office that he will ed yocate a law abolishing all national banks, ''so called, and thereby allow the Government to be the controller of all kinds of currency, and to always keep the same oh n parity. The clos- ing down of numerous mines in Colo rado, Montana, Idaho, Utah and Da- kota which will DO doubt be followed by mahy others in the different States and Territories, wherever 1t becomes unprohtable to work them, will be dis astrous to hundreds of thousands of people, not only in the silver producing districts, but in the entire country among the producers of staple articles of food aud other products.
 This country is certainly big enough and strong enough to establish it's own currency without following the dicta- ton of the Tory element of Great Britain, which is being done to-day, and has bean for many years past and it is high time that the working people who are in vast majority, took means to put 8 stop to it, and no longer remain puppets in the hands of Tory England, Germany or any other for sign nation
 To show the disparity between gold, silver and paper money in time of stringsncy, we will quote from the records In 17S1, one dollar in specis was worth forty dollars in paper money. In 1S44 Bank of England (which Is a very rich corporation, and not as many suppose a Government institution Pound notes we're selling at sixteen shillings, or, in our currency eighty cents on the dollar In our own tims, 1864, coin was at premium of 233. 8 and paper money, including Govern ment grsenhacks, was down to about thirty-fve to forty-three cents on the dollar. Does not this show plainly what may be the result in the near future, if ths gold gamblers have their will and succeed in dsbasing silver. Are not our relations with several foreign nations, Italy, Germany, Great Britain, China, Chili, to-day somewhat strained, and in the event of an open rupture (which we do not at present anticipated with any one of them, how would we stand in regard to our currency with silver debased, and paper money at 8 heavy discount, leaving nothing but gold, which is but @ very small part of our currency, to depend upon to carry on the business of tho country. Would t not paraiyze eysry industry and bring ruin upon all people engaged in mercantile pursuits, farming, cattle raising, etc, which has been the case from time immemorial whenever any thing happened to disturb the currency. In 1857 the banks of Philadelphia, New York ard Massachusetts suspended pay nent, and created panic which caused much distress among the working classes In 1873 the failure of the banking house of Jay Cooke & Go. of Philadelphia, caused untold suffering to millions of the people, ss money was withdrawn from the public by the banks when most needed. Great rail road enterprises were abandoned, mills were closed, firms in every part of the Union failed, and it was four years be- fore the country recovered from the result of the panic.
 General Jackson when President, in 1928 made an attack on tho United States Bank, which was a private insti- tuition, of which the Government was stockholder for ore-ffth, and an un- constitutional monopoly which defed the legislative acts of sovereign States, suborned the leading newspapers and public men of the country, and was using every means that wealth, politi- cal ohicansry and legal cunning could devise to perpetuate its existence. All this the honest old soldier determined to put stop to, and made determined