The sun., 1893-07-01
The Anger Of Colorado.

| Colorado is one Of the fairest States in
the Union. Beautiful are her snow-clad
mountains. fertile her lovely valleys, and
boundess the resources of her plains.
Immeasurable, too. is her anger at the
price OF silver, and hopelessly unjust and
unwise her method OF resenting it. There
Is q law that was never written by
man. but which Is potent among the
laws that regulate human existence.
This is the law OF supply and demand.
1t has never been successfully evaded or
defeated. All sorts OF artificial devices have
been invented and adopted to prevent its
operation; statutes have been enacted.
trusts have been formed, labor unions have
risen, every e1pedient that fertile minds
could conceive has been called into play.
And all to no purpose. Temporary checks
have been interposed: transitory restric-
tions have produced their illusions. but the
end is invariably the same: demand regu-
lates supply. supply regulates demand.
Commodities produced In excess Of the
demand cheaper; men will work for the
highest wages they can get; and supply
and demand will govern all and preserve
each to the other the eternal relations that
nature has prescribed.
Our Western friends have produced too
much silver to admit Of the price being
maintained. They have been doing 1t for
many years. and they have been aware OF
it all along. Had they not been aware OF
it. they would have all along been satisfied
with the natural market Of the world. and
they would not have tried by various legis-
lative expedients to create and maintain
an artificial market for their product. But
they created an artificial market. and it
acted as q temporary check. 1t produced
the transitory restriction, but now there Is
an end Of It, Supply has overflowed the
barrier; 1t has swept everything away be-
fore it, and there Is visible only q tumultu-
GUS surging to and fro OF values which will
presently settle down to normal level. on
each side Of which will be found. equally
balanced, supply and demand.
Our Western friends cry conspiracy; they
speak the blackest things Of the monomet-
allists Of the East: they threaten evil from
angry hearts. But they resolutely and
blindly refuse to see that they. not we.
have made the price of silver. and that only
they. not we. can put it back again. We
have no objection to their putting silver up
to dollar an ounce II they wish. They can
do it; but the only way In which they can
do it Is by restricting production to require
ment. We will gladly take SO many million
ounces OF silver at a dollar an ounce. We
want it,; we must have It, But II the pro-
ducers insist on our taking twice as much
silver. then we will pay only fifty cents an
ounce for it,
Our silver-producing States have the
remedy In their own hands. and 1t remains
to be seen II they will apply 1t. One
thing they may as well recognize now deli
nitely and finally. and that Is they cannot
again use the resources OF a whole people
to maintain. in The interests of few peo-
pie. fictitious market for superfiuous
commodity. The effect. 30 far. has been
costly. 1t Is true the Government has not
suffered seriously. The loss Of some $780,
100000 on the silver 1t has bought is
trivial; and 1t will recover readily from the
imputation cast upon its credit by Mr..
CARLIsLE's well meant but happily futile
effort to pay certain OF it's obligations in
silver. The great and serious damage has
been to commerce and to vested interests,
and In these tho loss is not to be COM
puted in millions but In billions. That Is
to say. 1t is beyond the capacity OF the
human mind to grasp or oven family ap-
prehend Its immensity.