The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1893-08-05


acter. It requires skilled labor and vast out
lays Of capital 10 successfully engage in IL
Tho processes Of extraction and reduction Of
ores are costly and dinicult II calls into ex-
istencc all other forms Of industry to support
II 1t builds up communities, makes towns.
cities and even states, sustains millions Of poo
pie. gives trnfic to railroads and pours stream
Of pure wcnlth into tho channels Of commerce,
untainted by suffering and II nstained by greed
We therefore maintain that the only way TO
ascertain thJ true cost Of the production OF
both metals is TO balance the total value OF sll
the time and labor employed in producins
them against the total value Of tho combined
product. And we see that on such q basis
every ounce Of silver, as well as every ounce OF
gold, costs more than its statutory value, and
that these pursuits are largely followed on 40
count OF the prizes and hazards Of fortune,
which nrc SO captivating to the disposition of
mankind We also say further, that II tho fat
value was taken from gold, it would be worth
but little moro as commodity than silver.
Demand Moro Money.
I'VE iterate the Oft repeated but always
true proposition that there is not enough gold
In the world upon which to transact the worlds
business, and while the trade and population
are steadily increasing the gold available for
coinage is steadily decreasing. The truth Of
this assertion Is borne out by tho panic now
upon u.s. There is plenty of every thing in the
world but gold. and everything is cheap but
money. The gold is boarded locked up in the
vaults and treasure boxes OF the country,
while property Of all forms is rendered value
less, and checks and drafts no longer perform
their accustomed functions. 1t Is the knowl-
edge that gold is scarce and insufficient in
quantity that leads to the scramble for IL
among the nations ard individuals, and 1t is tho
withdrawing and boarding of 1t that brings
panics. And in this connection we call atten
tion to this important fact, viz: That at least
YaN Mt tha r1tl ral,, 4frp <xS
this country is the by-product of the silver
mines. so that the closing Of the silver mines
would reduce the amount Of gold available for
coinage to this extent and thus further in.
crease the danger and dis tress arising from Q
scarcity Of gold.
Sherman Law Wrong In Principle.
"We concede that the Sherman law is wrong
In principle because IT degrades silver into a
mere commodity to be buffet ted about by un
principled spectators. AT the same time the
treasury notes issued under the provisions o.
that law have been of inestmable ben
eft in increasing the circulation at . critical
time and thus preventing disaster
TO repeal this law Internationally would bs
to destroy silver forever, and would be playing
directly into the hands OF the advocates of Z
single gold standard, and contracted our
rency. 1t would be the cruolest blow eve
struck at the rights OF the great mass Of tn,
people, and particularly at the debtor cluss, TO
1t would enormously increase the purchasing
power Of gold, and correspondingly lower tn,
value OF all products and every other form o
property The Sherman law was never fa
vored by the advocates of FREQ silver coinage
but, bad as 1t is, 1t is now all that remains be
tween the desires Of the gold standard men anl
the consummation of their selfish ends, an,
must be retained in the interest OF the common
people until something better Is conceded in IT
stead
Favor Both Gold and Silver.
1--WE are in favor of both gold and silver a
money to be coined upon equal terms At tn.
ratio OF 10 to !. This is the money which tht
fathers Of the republic bequeathed to us. Iti
| the money Of the constitution. For eighty
years we thrived and prospered with this cur
rency. 1t was destroyed at the dictatton O
| England and Germany through their agents II
this country and in the interests of the credito
| class, those with fixed incomes and annuities
| We now demand that it be restored again Il
the place where the fathers left it, In the inter
| est OF the whole people.
| 1.-THE constantly repeated charge that the sill
| YER dollar Is a cheap dollar is so manifestly
! Illogical and absurd as to render 1t unworthy q
notice among intelligent people. There are n
| cheap dollars A silver dollar will purchase a
| much as gold dollar or any other kind of
dollar. Equally untrue is the statement tina
| the government has lost money upon its silve
| purchases because of the depreciation in 1t
/ price, lHe iaCtS uTe Unat INC government nl
| made profit amounting to more than $00, 900
600 on its silver purchases under the Bland an
Sherman laws, being the difference betwec
| the market and coming value. And this prof
| has gone to the credit OF the people becaus
with 1t the government has paid its current G,
penses and obliga tions and all their silve
either OF itself or by its paper representatives
is in circulation to-day bearing the burdens {
trade, performing the functions of money
while the gold is locked up in the vaults of tn
money kings 1t is gold that is boarded, nc
silver.
Great Britain Blamed.
1--WE are filled with great and just indign,
tion that our country. of which we are so prou,
strong IN its credit and wonderful beyond e:
preston in its rich and varied resources, is "
| so weak and unsettled in its financial syste
that England can In . day, by the dshone:
manipulation OF tho currency Of far-of Indi
bring upon the people of free America PAM
which, without a moments warning, transform
happy and prosperous people into commun
ties Of comparative paupers Such oond!tio
is humiliating beyond words to convey. 1t
destructive to the pride and faith which
loyal citizens wo have so long and dearis che
tshed in our government. We warn tho,,e
this country who are wngng this unjustitiab
war on silver as money that they are castir
. boomerang which will return to crush ther
They may destroy the property OF o great al
growing section Of our country and bring po
erty and suffering upon some millions OF the
fellow citizens. but the return tide will carr
with 1t hundreds of millions Of securities
the form OF railroads. state county, ana mur
cipal bonds, made worthless by their narro
policy and selfish greed. The signs are n
wanting to prove the truth of this assertio
| even thus early, and unless the Evid contra
tionists are defeated In the coming session
congress, we bclieve that within u year the
will net be railroad west OF the Nilsson
river tha. wifi not be in the hands OF o receive
Last Appeal for Silver.
zone hundred and seventeen years ago Il
| patriots Of tho American revolution gave to
, our independence. In framing the laws q
laying down the principles which were to &c
, ern US, they sought no COUNSEL and asked no q
vice from their enemies. Relying upon tn,
own splendid courage and wise statesmansh
they inaugurated . system of finance has
upon the worlds previous experience and up
equality and justice. We ask that the prese
generation OF American statesmen follow tn,
: example,; that they imbibe new courage from
; Contempla tion of the sturdy patriotism u
broad wisdom exhibited by the founders of II
J government; that they win enunciate y scco
declaration Of Independence; that they will
: store silver to its time-hOnorcd place as q I
legal tender money, and thus give to the Uni,
! States--the grandest and richest IN natural I
: sources o. all the nations of the earth-a nm
cial system, which II may call Its own free frl
! foreign control Standing to-day mid |
! wreck and ruin OF our erstwhile prosperity
y condition wrought nv selfish aims by we
a policies, and unjust laws, the people OF NJ,
. tana without regard to class, occupati'
or political creed, inspired by de
: sense Of injury and filled with j.
!. indignation, send forth this appeal
the greht masses OF producers and toilt
l UY.,ts..A ulr