Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1893-08-04
HOT SPRINGS. SOUTH DAKOTA, FRIDAY AUGUST 4,

single standard would. In the second
place, the sum of both metals will not
more than supply the metallic money
needed for increasing population and
increasing wealth. The question is Of
supreme Importance just now, because
our action may keep silver in or drive
it out of the worlds currency. If sill.
yer is abandoned as money, our supply
Of gold must be made to do double
duty. which will just as certainly in.
crease the value Of each ounce of gold
as the destruction of one-half of the
wheat crop would increase the value
of each bushel remaining. The dollar
would weigh the same-25.S grains of
gold, nine-tenths fine-but that weight
of gold would exchange for an increas-
ing amount of everything else.
| Then having accepted the gold stan
dard we could only supply our money
from ihe annual product of gold. AS
that is not increasing we would have
a constant and indefinite increase in
the purchasing price of dollar, and
constantly falling prices. The effect
of falling prices is to make all business
except money loaning improbable,
and to gradually increase the burden
of all debts; for while the nominal
debt remains the same, each dollar is
harder to get, in that more of the
products of labor must be exchanged
for it. Bimetallism means the use of
gold and silver as primary money, with
full legal tender powers, and the free
coinage of both at a fixed ratio. The
ratio may be ! to Is, or to 40. One
ratio is to Is and is more equitable
than any other would be, because the
bullion value of silver has fallen in
consequence of legislation which has
cut off the demand, and we believe it
is better to remove the cause and al
low the price Of silver bullion to rise
to SLY per ounce than to change the
ratio. Free coinage can give ba:k to
the miner no more than it took away,
and restoring justice to the miner we
also restore to the farmer portion of
the value which demonstration took
from him, for his products fell with
silver to change the ratio to to "a.
BY reducing the size of the gold dol
lar would give to the holder of gold
about two hundred millions of dollars
on recoinage. To make the change by
increasing the size of the silver dollar
would decrease the circulation about
one hundred and sixty millions, or
about one-tenth, and in proportion de-
creases the value of all property and
increases the weight of debts.
Bimetallism avoids both these diff
culties. The Sherman law is wrong
IN principle, in that it treats silver as
merchandise rather than as money;
but it furnishes an annual increase in
our currency and by Offering a market
for one-third of the annual production
of SILVER, keep up the price anb make
the return to bimetallism easier. We
should, therefore. retain the present
law until something better is secured.
The lecture of Dr. Anderson on
"Onr Mother Tongue was certainly
an excellent one and was highly COM
plimented by Mr.. Bryan and everyone
else who heard it. Freeman Knowles
of he Deadwood Independent says it
was one of the finest things ever de-
liverrd in the Hills. 1t was certainly
carefully prepared and we'll delivered
and if the others of the series are
equally as good, Mr.. Anderson can
feel assured that he has something
that he can go abroad and command
attention with anywhere.
The lecture of Mrs. o. H. Irish on a
"Fortnight Among the Alps Friday
evening was fairly we'll attended and
was very interesting. The lady is
pleasant speaker and graphic word
painter. Her description of the AL
pine glaciers, mountains, scenery,
lakes, ETC., was magnificent and was
very pleasing to the audience. Mrs.
Irish has made hosts of admirers by
her fine delivery and excellent lecture.
SATURDAY, .GLY %.
DIR. Anderson's lecture on "Pathtind-
ers i'll English Literature at three
o'clock was we'll received.
. lie began with the statement that the
pioneer or pathfinder in any depart
ment of life came in for as much glory
as the hero. Cited Fennimore Cooper's
heroes. Columbus. Livingston and
, Stanley. Those who have cut out the
path OF literature in our language who
have laid down the lines and precepts
: which must be followed and which ever
aftcrwad travelled llaye brought such
} renown. surely ought to interest the
student. Took up Beowult and his
poem of the same name and analyzei
= it; showed the power and continuity Of
its plot; and admirable manner OF ac-
tion, and euloaized it as being worthy
OF a place among the many immortales
of our language. Then came Caednons
. paraphrase Of the bible. which was
dwelt upon at length. saying that Sir