The herald., 1893-08-06

OIL tQouaanQe OF W0rkmou being turned
out upon the streets without homes,
clothing or food. They are just as able
and industrious and more Intelligent
and therefore competent, than they were
in 1872; the fields are producing more
cereals, cotton and other products OF the
soil; the iron and coal mines are better
developed and capable OF produc'
Ing more than ever the min.
eral producing regions OF oul
country are more thoroughly prospected
and therefore In better condition ia
produce precious metals. In fact the
country was never in better condition
to produce bountifully of all the pro-
ducts OF the earth than at present, and
yet the commercial and business inter
ests Of our country were never in more
paralyzed condition than at present,
and who knows when or where the
crisis will end?
The masses are not educated upon the
subject, because it is not their calling or
business. The majority of the few who
do understand it are go educated be-
cause it is their business, and they pro-
pose to make the masses paw tribute to
them as long as they can. Our people
have been trained to travel q rapid pace
and in order to do 30 have had to bor-
row and today we are owing So for every
SO of money that we have. Everybody
is trying to pay off debts at once,
and the result is somebody must get
left.
Wall street lends gold and the bal
ance of the country borrows, therefore
the more she can contract the currency
and the harder she can scare her debtors
the greater will be the chasm between
gold and the balance of our products.
Such men as the gentleman from Colo
RADIO who recently made himself 30 con-
spicuous by exercising sufficient courage
to utter his honestconvictions in public,
are cried down and called cranks and
extremists. Our press, either in
terested or disinterested, from
lack of investigation, Ia too
ready to take up the cry and carry
it from one end OF the land to the other,
thus in measure lending aid to the
very element that is reaping an unjust
harvest from the producing sections of
the country. New England, including
the eastern portion of New York,
compared to the west and south is q
barren waete, maintaining her great
population and scores of millionaires at
the expense Of the west and
the south, and so long az
she was content with half, our
progressive and productive population
could bear the burden, but now that
she wants it all the effect is severely
felt. The gradual decline in value of all
our principal products, or, ii you please,
the gradual rise of gold since 1872,
should be an object lesson to every
thinking man. The country has in
creased in population and business rap
idly, whereas the production of gold has
fallen off materially. Should the argu-
ment of the ''gold bugs" prevail over
the better judgment of the people and
the gold standard be established, from
whence shall we draw our supply?
Shall we be compelled to offer to
Europe our products of the earth for
her paltry gold and at her own price
No, we are too great a nation to bow
down in submission. We have in
abundance metal which in point of
supply and convenience as q money is
quite the equal of gold, and as its cost
of production has been accurately meas-
ured and settled at .16 to /, we must
open our mints to the free and unlimit-
ed coinage OF the white metal upon
that basis. 1t is not an expert
mant. For long period of years
the nation used it as money at that ra-
tio and prospered as no nation ever did.
1t is infinitely better that we use a
product of which we have an abundance
than to issue bonds and 60 out to Eu-
rope begging for gold, metafof which
we are not producing in sufficient guam
titles to pay the interest on the pro-
posed issue of bonds over and above
that which ia used in the arts, should
the percentage that our silver mines
carry be cut of, The only means that
we have of raising gold to pay interest
on the proposed bond issue is to ex-
change our food products with Europe
for gold. Has Wall street and New
England food stuffs to exchange? No,
she is destitute of a supply sufficient
to main one-tenth part of her own popu-
lation, yet she Is ever ready to
impose upon her big heathen neighbors
to the west and south by levying heavy
tribute for the purpose of building up
her millionaire money kings. Let those
OF our citizens who are already alive to
the situation and acquainted with the
merits OF silver resolve themselves
each into q committee of one
to educate his neighbor; let
every editor and writer in the west and
south take up the Gauge and WELD the
mighty power OF the pen and the press
in the interest OF silver, and when our
government has once and forever fixed
the ratio of 16 to /, confidence will be
restored and the wneels of progress will
begin to turn again more smoothly and
swiftly than ever, and ere long the
whole world will adopt our standard
without having unloaded upon us one
dollars worth of silver except in the
uue course of trade. L. CHESTER.
Mr.. William Winters work, entitled
The Life and Art of Edwin Booth, will
appear in October as a separate publi-
cation, not as part of the Shadows of
the Stage. Mr.. Winter has been en-
gagged for over four years on this labor of
love. The work will be issued in hand
some form with numerous illustrations.
Longman, Green & Go. have ready a
new novel by William Firebuck, called
Sweetheart Given. The story is laid in
Wales, giving delicate picture of the
oo,,ckru l;fa tboro ovI opo,1ob lovo ~