Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1893-07-22
THE POSITION OF FRANCE.

United States could easily maintain,
under free coinage. the parity between
silver and gold 1t the ratio Of 10 to l..
10 quotes from our article. III France
alone and unsided cso prevent her silver
coin from degradation, shall the United
States, o country independent Of all
Europe both in national wealth and re-
sources and depending on nothing what
ever TO be imported from other countries,
declare it's disgrace and insignifcsnce by
admitting It's inability to do what France
alone and ~siDglehsnded has done for
twenty years" On this IL goes on and
says that we overlook the fact that
France has no free coinage. is not com
PEELED TO purchase bullion as we do and
is in precisely the same condition ss we
would be with the Sherman law re-
pealed-keeps . large existing stock OF
legal tender silver on hand, but does not
add TO 10. 1t then goes on to say that
I'VE can undoubtedly do all that France
is doing and more" That is exactly
what the people Of this country demand
as their just rights, and IL lie that claim
that the money power Of the whole
world combined assisted by . subservient
administration and . subsidized press in
this country is doing its utmost to
ignore. S~elishness, corruption. bribery.
from top TO bottom; no means however
dispicable and villainous are . bar to the
accomplishment OF their desires. France
honors her silver by using the same in
the payment Of debts for which ii is
legal tender, nursing alternately, as the
situation requires. both her stocks of
silver and gold. How do the actions Of
this country compare with France! An
administration disappearing the peo-
pie Of this country and run solely in the
interest Of the goldbugs, the banks. the
holders Of bonds, issued on many times
wAtered stocks, TO enable those latter to
keep the market value IL possible from
breaking and being thrown back on their
hands at reduced values. If this Gov
eminent would have only initiated
Francs-paid silver and gold according
TO the law that vests discretionary
power in the Government, paid no atten.
tion to the demands Of non-producing
capitalists and spectators on the neces-
stiles Of the country, coined the bullion
stored in the vaults Of the Treasury and
used the coinage thereof or its substi.
tutes in paper, If so preferred, instead
of blackmailing and discrediting one
half Of the country's currency and do
ing their utmost to force the single gold
standard upon an unwilling people
gold would not then have gone abroad
to enrich the enemies of this Govern
ment, and silver would have had q re-
spectacle standing abroad as we'll as at
In no instance except the single one,
that neither country has free coinage,
does the situation compare with the
other. Unlike the United States,
France has not been favored by nature
with deposits Of untold millions Of pre-
metals, two OF which have for
constituted the metals for
money Of ultimate redemption. If she
we're to commence coming she would have
10 go into the market, and buy the
metals required. She now holds hun.
ireds Of millions Of silver coin Of the
Latin Union ON which she can at any
lime demand gold at the rate Of 81 80
per ounce when desirable on her part.
Being smaller than one and not much
anger than some States in the Union
md thickly inhabited, her railroads are
,ot like those Of the United States-de-
on traffic with and through q
;erritory many times larger than all Of
France-all depending Oh the success Of
enterprises. Throughout all this
'ast territory agriculture within its
depends on that sam sue
less, having no other outlet on account
# the distanoefrom seashore and thslow.
ring Of prices brought about by compe-
ition from India which in turn has been
about by the demonstration Of
liver. Millions Of money invested in
,lants manufacturing mining machinery
,lso depends on successful mining, and
worst Of all, while all Of those different
interests would be nearly If not entirely
'ankrupted, hundreds Of thousands Of
nen and families having no other means
I support would be thrown on the
vorld in . starving condition as well as
many other thousands who are now liv-
ng in comparative comfort-the indi.
ect result of mining enterprises.