The DeLamar nugget. [volume] (DeLamar, Idaho) 1891-1900, 1893-10-07
sH0UPS SILVER ADDRESS.
Extracts From the Senator'S Speech
Delivered in the Senate Sept.
13, 1898.

tenn the cOuctry will suffer from th
evils of an inflated currency. Thi
charge is absolutely without foundation
Probably the principal reason why colo
and silver were selected as money met
ais is duo to the fact that their use as
basis Of circulation makes initiation i'm
possible. Nature has imposed restric'
ton and limitation upon their produc.
ton, a. have already had occasion to
notice. The enormous demand fol
gold and its great value during the last
twenty years have stimulated everyone
with desire to acquire it. Notwith-
standing this fact it's annual production
has diminished, and all the efforts of
man have not been able to hold the an
nuai yield stationary with that of forty
years ago. A decrease in the product of
one has always been accompanied by
an increase in the product of the other,
and nature has thereby made due al
lowence where both are used, for we
would otherwise be injured and suffer
far reaching consequences.
But even if imitation were possible un.
der bimetaliic system, it's evils are far
less hurtful than those which attend a
period of contraction. A scanty circu-
lation means falling prices, ruined in
dustriss, bankrupt debtors, the death of
enterprise, the paralysis of trade, a
practical cessation Of commerce, idle
workmen, misery, poverty and starva-
ton.
do not wish to be understood as adj
vocating an inflated currency. My pur-
pose is only to establish the proposition
that with gold and silver imitation is i'm
possible, but that if we must have infla-
ton or contraction the former is far
preferable to the latter
am as much opposed to one sort of
monometallism as am to the other. 1 |
see practically the same consequences
resulting to the people in either in
stance, and | would not knowingly adj
yocate any proposition the acceptance of
which would bring about such result.
The United States produces more gold
and more silver than any other country
In the world, and in proportion more
nearly equal in value than any other.
She has done this for nearly twenty
years. Great Britain, on the other
hand, possessing provinces and MAIN
tanning sovereignty over principaIities
In every quarter of the globe, produces,
and for years has praduced, much gold
and very little or no silver.
She never fails to promote her own
and to SO lsgislate as to secure !
The development of her own resources. {
If our positions were reversed and she
was producing our slver,she would long
since haye provided for it's use as m oney g
and taken active measures to secure its
use by other nations. In other words, c
instead of legislating for us, she would,
IS In other matters, have legislated for =
herself. We fear to remonetize silver .
east she should disapprove Of it. She p
lever would have demonetized it, and
specially if her action could have op-
Grated to the interest Of any other coun-
ry. o
The territory now comprising the Il
tates of Colorado, Wyoming, Montana, il
nd the territoriessof Utah and Arizona a
we their existence as political divis. &
ms of the country to their deposits of CT
old and silver. Prior to mineral dis
overies the Rocky Mountain region at
as far from the eastern centers of com in
'erce. Beyond the Missouri river there is
as no regular means of Communication
nd for years afterwards nothing but eli
age and telegraph lines. Between the dc
titled country OF the East and this re- an
on was vast plain, the greater por- wi
on OF which was supposed to be- inca ar
IDLE OF sustaining human life and unfit We
r the use of civilized man. Upon them th
ere were tribes of savage Indians, be
hose constant incursions made access col
THIS remote country very dangerous of
life and constantly interfered with ne
I'd disturbed the meager lines of COM cul
unieation between the far settlements Of
the East. an,
In those days gold and silver were !
cognized as money of the Constitu- PEE
IN, with equal rights before the law, will
h men sought either metal with all of
g risks accompanying the search. ant
lelr lives were attended with danger, EN-
rdships and constant exposure, and me
comforts and conveniences to be fan
Ind in the settled Portions ofthe coun- raj
were utter strangers to them. l
Nevertheless they discovered the OBJ eng
. OF their search, aud the mines of unt