Idaho semi-weekly world., 1893-06-06

O'su8o u 1to session
tnls morning adopted resolution in
favor OF the free and unlimited coin.
age OF silver, and the sentiment Of
the members is couched in the strong.
sst and most unequivocal language.
This resolution not only opposes The
repeal OF what is known as the Sber.
man silver-purchssing act 8 until i il
replaced BY law providing for such
free and unlimited coinage" but de-
mands that the government use the
coins OF both metals without discrim,.
nation. There can be no objection
to the coinage Of as many metals as
may be commencement for the OBJ
jects OF business; but the govern.
ment placing it's stamp upon eighty
cents OF silver and making It legal
tender for a dollar is unjust, and
works great hardship in the fiuctua.
ton OF values. During the time the
Sherman act has been in force the
Secretary of the Treasury has been
paving full value for bullion, and bv
so doing the government has lost
several millions each year. This is
one OF the principal causes Of the
tremulous condition Of financial cen.
ters to-day, and if it continues muah
longer crisis cannot be averted
Our bonds, railroad and other securi-
ties are largely held in England and
Germanv-two countries that will
admit Of no other basis Of exchange
than gold-and these holders, fearing
that the United States would adopt
hi-metallism, have been sending their
paper to this country and calling in
their money.
II the resolution were to become
law Of the land it would virtually
be reputation on the part of the
government, for all debts have been
contracted on a gold basis, and these
might be paid in eightv-cent dollar
silver coins. All commercial relations
between nations exist on q single
standard, and this cannot he changed
until congress of nations so decides.
|-Dalles Times Mountaineer.
The above is fair sample of the
misstatements, thin reasoning, and
meanderings around through the
wilderness of darkness and decep-
ton, to bewider the people, that are
resorted to by the money contractors
who have, by decentralization of silver,
saddled billions of dollars of debts on
the people of this country. and for
which they never got one dollar as an
equivalent. The Times Mountaineer
employs the adroit methods of decep-
ton used by the robbers aforesaid.
In fact, the article reads very much as
If that paper had received some of
the gold of those who have been the
means of covering the lard with mort
cages, and by taking away the power
to ever pay them of, make them per-
petual and the mortgage holder a
master and the debtor lifelong
slave. The slight-of-hand methods
of attempted argument it employs
gives its case away. 1t now requires
almost double the products of labor
to purchase certain sum in dollars
that it did prior to demonetization
and consequent contraction OF the
currency. Therefore it is as plain as
one and one make two that all debts
were doubled, not only private, but
public debts. This scheme was car
ried through by money lenders and
bond-holders. Are they the losers!
Not much. Industry must pay these
debts, not only once, as honesty
would demand, but once again at the
demands of usurers-worse than
usurers-robters. Billions of dollars
of extra burdens of alleged debts
have been placed on the shoulders OF
productive industry. The amount in
dollars IS the same, but to get those
dollars requires nearly twice the Ia
Dor that was required before this rob-
ber law was enacted. In other words
the purchasing power of the dollar
through contraction, has been nearly
doubled that is the dollar that wa'
borrowed was worth only about one
half the dollar that must be paid
The debt of the United States hal
been nearly twice paid, and yet it II
not vet wiped out. The Times
M,no,sineer,s statement that "plac
ing the government stamp upol
eighty cents of silver and making
legal tender for dollar is UNJUST
;s rs fiat and stale and transparent
lie as was ever uttered, but that IL
has been repeated every day IN tn
week since 1873 with gall and bras
sufficient, if they could be turned int
merchantable commodities, to pa.
the debts of all nations and hav
monev left. If silver dollars con