The silver state. [volume] (Unionville, Nev.) 1870-1903, 1893-08-15

ment So Strong That Cieveland's Pet
Scheme VIII be Knocked in the Head
4 WAsHINGroS, Aug. 13. = Leaf by
1 leaf the roses fall. Yesterday it vas
4 the Washington Post which repu-
dated all its monometallic utterances
and came out for silver, and today
/ it is the New York Recorder, which
/ for weeks has printed alleged humor-
Gus cartoons belittling silver. The
Recorder has incontinently Topped
/ Topped The secession of two such
well-known newspapers, taken with
the absence OF the president and the
/ Indifference OF the cabinet, has put
the gold men in furry, and If this
sort OF thing continues they will soon
be ready for any kind OF compro-
mise.
I The Recorder was not satisfied with
making its announcement OF Ia change
OF heart in the ordinary way. but
must needs double lead it and set it
in double column measure under the
head: "Give Us Free Silver"
Among the reasons it advances for its
conversion-and, lide all converts, it
is radieal-afe the following: ''The
I business of this country cannot be
done upon purely gold basis. There
is too much business to be done and
too little gold to do it with to justify
the experiment Of currency based
wholly on one metal, and that one
the scareer and dearer Of the two.
The total Acknowledgement of silver
as a money metal, which seems to be
the aim of gold extremists at Wash
ington means violent and ruinous
contraction of values. The mere
threat OF it has already given the first
sharp twist to the screws of contrac-
ton, and to persist in the total elm
ination of silver from our currency is
madness.
'tThe lead OF the gold monometal-
lists has been followed far enough to
postpone the definite readjustment of
our currency laws, leaving silver de-
monetized, and its use as standard
money metal, wholly prohibited,
would preeipitate financial and busi-
ness catastrophes compared with
which all past panics would seem to
have been mere bugaboos. Absolute
gold monometallism spells ruin, uni
versal and unsparing ruin, for the
people of this country.
The clamor OF the money-changers,
usurers and stock gamblers, inspired
by English influences that radiate
from Lom bard street and which rep
resent the organized rapacity of the
world, has not shaken the faith of
the American masses one iota in the
honesty, justice, fairness, and above
all the vital necessity of maintaining
silver side by side with gold in their
national money system. There may
have been a change fin the relative
measuring values of the two metals
that has often occurred in the
course OF history-but that change,
whatever it may be, can be corrected
by change in the ratio of coinage
from the present l6 to to, say, 10 or
even 20 to |. 1t does not justify the
total abolition OF silver as standard
money metal.
England is reported to be at this
moment exchanging her gold for In
dian silver ore, on basis OF % to l.
showing that even the leading gold
standard country recognizes that sill
yer possesses exchangeable values
with gold at some ratio that can be
fixed. And we may be sure that the
Bank of England, fixing it at % to |,
has been as unfair to silver and as
partial to gold as it has dared to be"
The Recorder has probably learned
! at this early day the lesson being