Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1893-07-03

viva trey have sacceeded, It they
ie~er do. ~isi t%ey not have destroyed
this 1900 .000, 900 OF wealth and
made tho world that much poorer?
Aud no, only that, but they will he .
to pns q stop to great Industry in
this and many other countries that is
now adding and would continue to
add over hundred millions annually
to the worlds wealth, = sum greater in
thirty years than the entire national
debt at the close OF the var. And
what will we have in exchange? Any
moro wealth? Any greater pros.
perity? No, not even any more gold.
| Who will have been benefited
None except the professional money
lenders.
Suppose the Government should
announce . settled determination to
pursue a policy which had the avowed
object in Wow of destroying utterly
four million dollars worth of other
property. not silver, or that would out
Of mere wantonness, take that amount
OF money out of tho pockets Of the
people, and besides that deprive hun.
dreds Of thousands Of people of EN-.
ployment and permanently destroy
IN industry which if properly treated,
- other industries arc treated, would
add vastly to the worlds stock OF
wealth every year, would not . howl
go up from every direction and from
all sorts of people that would fairly
reed the skies asunder and would not
that government be buried 90 deep in
popular exeoration that it would for
get that it ever existed? And yet, that
is precisely the proposition now
pending. 1t must not be permitted.
As the God of nature made the
golden sun aud the silv+ry moon t.
furnish each its proper light upon the
face of the universe, 50 he cr~ateo
gold aud silver to 60 hand in hand 1t
the ins"pArable money of mankind.
Give u dog bad name" l,
see ms to be the fashion to a,tribut.
the present prevailing panic to .h
Sherman Act. l believe it is i..no.
cent. 1t seems to me to be unque.>
tionxble that the sens, less superstl.
tut'o" concerning the ssnttity OF III.
slOO,OoO,OUO, gold reserve WAS u,
the bottom o. the panic and that il
all the world should get onto an ex
elusive gold basis it would always b.
within the power Of ciques Of shrewu
Spectators to start asim.iar panic IL
ANY country by ostentatiously buying
up and Shipping out gold and
creating the impression that there
would soon not be enough left ia IT,.
country to keep the wheels Of bus,
less running. The real fault OF tn.
Sherma" act is that it sets tn. Gov
er"m. ut I" work to att. mpt to en>
hA"ce the price Of silver BY trying ali
the time t. buy it rs cheapiy Ms i,
possibly can. an operation some VIVA,
. ,nllsr ia shsurd't. 10 that Of the mat,
who attempted to lift himself BY III.
bo",.strxps.
Now | don't believe in the fIicac,
OF, or in the necessity for, any com.
dictated system OF international
agreements for the purchase Of silver
AL that is realty required is to in.
crease 'ts uses As money, and decress.
the use OF gold. The time was hen
gold dollars and 81 so pieces wer.
common, and small gold coins are S i'll
very common, l am told, III mos,
European countries. They are OBJ, o
IN this c"u"try ami even IS riec. a, e
too small. Nothing less than $40
night to be coined, aud all small bills
less than IS ought to he retired. 1t
also England, France and German,
would retire all small gold coins, tn.
use OF silver MS money would great y
increase, while that Of goii would Dr..
crease, and the great loss from ahra.
sion Of small gold coins would also b-
saved; and il with this tho Unite
States would set the example Of re-
turning silver money to It. righ,ful
place rs the Companion OF gold in her
monetary system. the res. Of tn
world would soon be compelled by
ar success to follow ia our footsteps
NureuvrY even If free c,,lnaue .hnull