Cottonwood report. [volume] (Cottonwood, Idaho) 1893-1901, 1893-08-18

P tssN.sS 3 AttttAt t&kkssI. - 8
first class, lior cou1 4 Sstf overil=|
ment claim tie efleanlance ofi'
its obligation. 50 far is such OBJ
legation has been imposed upon
it to provide for the use ofthe.
people thelbast and safest money.
II, as many ofits friends claim,
silver ought to occupy a larger
place in our currency ard the
currency Of the world, through
great international cooperation
and agreement, it is obvious that
the United states will not he in
position to gain hearing in
favor of such arrangement, so
long as we are willing to contin-
lie our attempt to accomplish Il e
result single-handed.
The knowledge in business cir
Giles among our people that our
government can not make it's fat
money equivalent to the intrin-
sic value OF gold, nor keep infer
ior money on parity with SUI
perior money by its own indie
pendent efforts has resulted in
such lack OF confidence at home
in the stability Of currency val
ues that capital refuses its aid
to new enterprises, while millions
are actually withdrawn from the
channels of trade and commerce
to become idle and unproductive
in the hands of timid owners.
Foreign investors are equally
} alert. Not only do they decline
to purchase American securities
but make haste to sacrifice those
which they already have. It
does not meet the situation to
say that apprehension in regard
to the future of cur finance is
groundless, and that there is no
reason for lack Of confidence in
the purposes Or power of the gov
eminent in the premises. The
very existence of this apprehen-
sion and lack Of confidence,
however, is caused in a menace
which ought not for a moment to
be disregardcd,
Possibly, if the undertaking
we have in hand were the MAIN
tenance of a specific known guam
tity of silver at a parity with
gold, our ability to do SO. might
be estimated and gauged and
perhaps in view of our unparall-
eled growth and resources, might
be favorably passed upon. But
when Our avowed endeavor is to
maintain such such parity in re-
gard to an amount of silver in
creasing at the rate OF $5O,OOO,-
GOO yearly, with no fixed termi-
nation to such increase, it can
hardly be said that problem is
presented whose solution is free
from doubt.
The people of the United
States are entitled to a sound
stable currency and to money
recognized as such ON exchange
and in every market in. the
world. Their government has
no right to injure them by finan-
cial experiments opposed to the
policy and practice of other civil
lied states, nor is it justified in
permitting an exaggerated and
unreasonable one on our nation
al strength and ability to ieop-
ardize the soundhess of the peo-
Piles money, This matter arises
above the plain of party politics
It virtually concerns every bust
ness and calling, and enters
every household in the land.
There is one important aspect
of the eubject which especially
should not he overlooked Alta
time like the present, when the
evils of umsound finance threaten
us, the speculator may anticipate
a harvest gathered from the mis-
fortunes Of others; the capitalist
may protect himself by boarding
or may even find profit in the
1uctaation of values; but the
wage Garner, the first to lie in
jured by DEPRECATED currency
and the last to receive the benefit