Mohave County miner., 1893-09-16

region, was instructed by Presiden
Lincoln as follows:
''Mr. Colfax, l want you to take d
message from me to the miners whom
you visit. have very large ideas o
the mineral wealth of our nation. l be
lieve it practically inexhaustible. Il
abOunds all over The western country
from the Rocky Mountains to the Pacific
and its development has scarcely com
menced. During the war, when We
were adding couple OF millions Of dol
lars every day to our national debt, did
not care about encouraging the increase
In the volume OF our precious metals
We had the country TO save first But
now that the rebellion is oyesthrown,
and We know pretty nearly the amount
OF our national debt, the more gold and
silver We mine makes the payment ol
that debt SO much the easier. Now
am going to encourage that in every pos
sible way. We shall have hundreds oi
thousands OF dsbanded soldiers, and
many have feared that their return home
in such great numbers might paralyze
industry by furnishing suddenly greaIe er
supply OF labor than there will be de.
msnd for.
am going to try TO attract them to the
hidden wealth OF our mountain ranges.
where there is room enough for all. I'm.
migration, which even the war has not
stopped, will land npon our shore hun.
dr-ds of thousands more per year from
overcrowded Europe. l intend to point
them 10 the gold and silver that waits
them in the west. Tell the miners for
me that shall promote their interests
to the best Of my ability, because their
prosperity is the prosperity OF the nation,
and We shall prove in very few wears
that We are indeed the treasury OF the
world"
In 1873 IN speaking on the full remoni-
tization OF silver James G. Blaine said:
"On the much. vexed and long. mooted
question Of bimetallic or monometallic
standard, my own views are sufficiently
indicated in the remarks have made
| believe that the struggle now going on
in this country and in other countries for
a single gold standard would, il success.
ful, produce widespread disaster in and
throughout the commercial world. The
destruction OF silver as money and es-
tsblishing gold as the sole unit OF value
must have ruiDons eff ct on all forms
Of property except those investments
which yield fixed return in money.
These would he enormously enhanced
in value and would gain disproportion-
ate and unfair advantage over every
other species Of property. II, as the
most reliable statistics affirm. there are
nearly 81, 900 y0O0, 900 Of coin or bullion in
the world, not We v unequslly divided
between gold and silver, il is impossible
10 strike silver ont Of existence as money
without results which will prove dis
tressiDg to millions and utterly disa--
trous to tens OF thousands.
Again he said:
IL believe gold and silver coin to he
the money OF the constitution, indeed
the money OF the American people sn-
terror 10 the constitution, which the
great organic law recognized as quite in
dependent OF its own existence. No
power was conferred on congress to de.
clare either metal should not be money.
Congress has, therefore, IN my judgment,
no power TO demonetize either, any more
silver has been denunetIzsd, am in
favor Of remonetizing it. Ii it's coinage
has been prohibited, | am in favor Of
ordering il to be resumed. II it mas
been restricted. am in favor of having
it enlarged. **s l think now very
clearly, with the light before me, that
the Act of 1873 was great blunder."
hna
openly advocate the cause OF silver,
there is no reason why the men who to-
day do the same shall be held up for
execrpstion as being enemies to the pub
lie welfare.
Toe times h ave changed since the davs
Of Jefferson, and of Lincoln and of Blaine
In their days the platform of political
party meant something. Today it means
nothing. So far as the Republican and
Democratic party is concerned they are
a unit in the destruction Of silver. What
ever other differences may divide them,
they are united on this, because the
moneyed classes-from which each Of
these parties draws its controlling in
uences--demand it. Under the rule
of these two parties the business OF
money lending is the only subs.
died siness in the United States. The
leaders OF these two p ,rties who denounce
the free coinage OF silver as simply
a movement to benefit the silver
mine owners of the West, do NJ
with the full knowledse that IL silver is
further demonetized that some other
means must be taken to increiss the
volume Of money in circulation in order
that the business Of the nation may be
carried on. When silver dollars were
selling at 81 .03 each in New York City
the same dolla- that Mr.. Cleveland and
his friends today proclaim as being
worth out sixty-seven cents the entire
power OF the administration WAS exercised
TO secure the passage Of the bill taking
off all taxes on the circulation OF the
national banks and allowing them to
issue money to the full am )unt OF bonds
deposited by them in the United States.
treasury, while 1t was even urged that
the Government should guarantee the