Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1892-07-13
he prosperity of this state inserrered the News

the prosperity of this state interfered the News
would accept his nomination and hail his selec-
uon as splendid beneicence to the country.
fne money problem is, By far, the most i'm
portant one that remains unsettled. AS COM
pared to tariff, so far the result Of the ulti-
mate r1ghtful solution Of either is concerned,
that OF money and its coinage Is the great light
and heat giving sun to the smallest of the stars
mat stud the midnight heavens Tariff Is q
mere matter Of schedules Both parties admit that
duties must be lerief and the only question e.,
upon irhGt and at ,chdt rate shall they be imposed
Inc question Of protection, incidental or direct
70 American industries Is also question of de-
gree, for both parties have at least until the
recent democratic convention, admitted that it
should exist and in legislation have acted along
these lines
But the question Of money Is before tariff 1t
foundation of the whole problem of the coun-
try's prosperity. If money is sound and abun-
oant business Is active, employment plenty,
enterprise accelerated and fair returns received
for all of labor's products. II it is scarce, how
ever sound, the opposite conditions exist and
depression and gloom appear on every hand.
The money Of the world Is the coin metal and
the bullion when free coinage OF it exists. Pa
per money, whether issued by the state or cor
porations. and all other forms of credit must be
based upon coin money.
This is the only money of ultimate redemp-
ton All sound credit money is founded upon
coin money, and confidence-confidence that 1t
will, when asked, be redeemed in coin. Coin
will carry safely onlya certain amount of credit
money. To reduce the coin money of the world
by legislation or humiliation, II that were pos
sible, must reduce the sound credit money in q
corresponding degree, and it is so reduced
the evil effects of scarcity Of money are i'm
mediately experienced.
The power of concentrating millions has with
In comparatively short time been invoked to
QeStrOV OQe-hAlf Of tho
England, Germany and other European nations,
with the United States, have decreed by law
that silver shall no longer be redemption money
Itself Is to be redeemed in gold. It Is placed
upon par with credit money. The one-half of
the coin money has not only been made credit
money, but it has been added to the already
existing mountain of credit money to be borne
up by the greatly depleted base This has nee
essarially lessened values Property and labor
OF all kinds, except where exceptional condi-
tions exist, have fallen and the demand for
them has become sluggish.
Owners OF property daily become poorer, the
requitA Of labor is diminishing and financial
distress is apparent everywhere. Because one
half OF the worlds redemption money has been
deprived of the essential quality to its value
all money has been made dearer, that is, the
owners of it will get much more property and
labor in exchange for it than before the changes
occurred and the man with labor for hire and
the owner OF property for sale must take COR
respondingly less for them
This is the result of silver's demonetization
everywhere Such tremendous evils are enough
to engage the best efforts of mankind to abolish
them But there are other evils local to the
country in which silver is mined that add con-
spicuously to the burdens its people mus bear
Colorado is fair illustration of a country
suffering under these additional evils The low
price to which silver has been reduced is clos
ing mines and lessening the miners wages
Since 1873, through demonetization, Colorado's
people have been deprived of Sl25 600 Coolest
in the fall Of silver from 81 % per ounce to SO
cents. This year alone its loss from this cause
will be not less than $1,000 900. When these
facts are appreciated it must be clear that to
the people of Colorado the greatest and most
vital issue by far is that Of the restoration Of
free coinage to silver, and for that all party al
lance should be severed If relief cannot be had
through party, until the reform Is secured
Tho presidency Is the pivot upon which the
success or defeat of the cause must turn Con-
gress has stood ready for nineteen years to re-
store free coinage il the country's presidents
had been favorable. The defeat has invariably
come either through adverse circumstance or
abe to it is elected free coinage il hopeless
The opposing candidates are determined and
avowed opponents Of free coinage. The plat
forms upon which they were nominated impose
no moral obligations upon either to sign a free
coinage bill therefore we know neither will do
so even should congress pass one.
This being the incontestable truth. the News,
guided in all things by its convictions, cannot
support the candidacy of either. The News has
the courage of its convictions and will not hest
tate to maintain it. Whatever presidential
candidate 1t advoca teS must be pledged to ap-
prove free coinage bill. For 1t to do other
wise would be to cheat the people, and this it
will not be guilty of.
Time will point out path. In Gods provi-
dence the right will find way to triumph Let
no dnr otc oad linav, - C-l
who love their homes and the statss . prosperity
better than they do the fortunes of any candi
dates, hold fast to independence that they may
travel that path when it is opened.