Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1893-03-21

eaIt LAls Tribune.
In the London Financial News 10
end communication upon The
Crime Of Demonstration" We can
only give some outlines Of the ar
ticle. In its entirety il would shock
our morning contemporary, = it
would Gil nearly three columns Of the
Tribune; but some points in it ws
will select. The writer starts out BY
saying that gold and silver arc gen
orally found together. Il i > ruls
that one metal cannot be produced
without the other; that therefore il i
utterly impossible TO determine the
relative value between the metals,
and that such values until lately have
been fixed By coinage laws, or else
have resulted from the conflict of
such laws. That "previous to 1878
such values had varied in historical
times from ono silver equal to ten
gold, or one gold equal to sixteen
silver; that from the era Of Darius
down to that OF Mohammed, the value
of gold in the Occident had always
been double its value IN the Orient.
For example, when the ratio in
Greece was thirteen, it was six and
one half in India, and while for thIr-
teen centuries from B. G. AZ to A.
A. 1904 it was fixed in the coinage
of Rome that twelve silver equaled
one gold, it WAS still six and one-hali
silver to one gold in India. Then
the article proceeds to state that
when the Civil War ended in the
United States the Federal debt was
81, 300, 100000. The debts Of the
various States, townships and munich
palities was about $1,4O0, 900, 900; oi
:he railways, about $4,000, 900, 900
OF other corporations about $3,OO0,'
OOO, 900, altogether about 81, ,000, ,0O0,-
900. Between one-third and one.
fourth of this sum was owing to in.
vestors in Europe who had loaned ol
advanced it in paper dollars, which
cost them on an average of abou'
one-half dollar each IN gold or s,lvel
coins, and every portion had beer
advanced by American capitalists OF
similar terms. The whole of thi
was PAYABLE under the act of Februa
ry 26, 1862, including the interest o
a portion of it, in greenbacks. Th'
first move of the lenders was to opel
a newspaper war upon the pape
money they had loaned.
| The first fruit of this tranction wa
the passage of the Credit Strength
ening act, dated March Is, 1869. b
which the United States pledged it
self to pay the principal, as well a
the interest of its paper debt, in gol
or silver coins. In other words, with
out any consideration at all, it under
took to pay for every paper dolls
which it had borrowed, gold or si
yer dollar of the long-establishe
weight and 6neness, and by this an
subsequent acts, compelled all il
debted persons or corporations to d
che same. Having secured the pay
ment of whole metal dollar for eac
. balf of a metal dollar, the conspir'
tors next attempted to double tt
value or purchasing power of sue
metal dollars by means of destroyin
the silver money" Then the art
, Gle goes on to show how silver W,
demonetized by our government, an
r the article closes by denouncing Il
. legislation of 1s69-73 "a sord
crime, compared with whose coloss
magnitude the more recent Panan
scandal dwarfed to a peccadill
Every one of those engaged in it wi
were not already rich, suddenly a
!. quired fortunes. Some of them ha'
e since delivered to admiring aue
y eLces long dissertations on econom
+ finance" We review the articl
e not for the information it contain
: because that is old news, but to she
q our people here how. just now, t
e English papers are being forced
/ their people to publish both sides
= the silver question, and, in point
fact, that question is just now agit'
ing Great Britain more than any OF
s. er question has for many and many
20 year.
4 Altogether too Practical.
L. "Ah, dearest" sighed the you