The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-01-06
Slippery Sherman.

Senator Sherman has no hesitancy In
the repeal Of bic great 6nan.
cisl measure Of two years ago. Having
reduced silver TO q commodity tor the
pretended purpose of increasing its value.
and its value having been largely de.
creased, - was probably intended, be
nov Gays:
Il am in favor myself OF repealing the
act ri 1890. The fact is that silver 10 60.
ing the way Of the other metals, pro-
bably such % nickel, copper and iron.
The methods now used TO cheaper the
OF silver diminish its value
70 . stsuoard OF coin, such as II held
y hen II represented . large percentage
OF labor. We had . copper once for
coin, but its fsll 10 value was inevitable
upon the cheapening Of ito production
and the qusntity produced. Nickel,
once 81 80 = pound, has fallen TO 80
cents. Pig iron 10 worth about e26 q
ton, or nearly . cent and half
|pouud."
We do not recall such On instance Of
palpabIe viIlainy In . public man. Mr
sherman knows- unquestionably knows
- that the decline In the value OF silver
Tor advance in tho value of gold) 10 not
due to the cheapness OF production. de
knows that the production Of gold hai
been cheapened fer moro than the pro
lduc,ion OF silver. lie knows that II the
actual labor cost Of . gold dollar we're q
great O. the labor cost Of Q silver dollar
b undreds OF gold mines now proftably
worked would be obliged TO shut do wn
He knows that tho increase IN th'
worlds supply Of gold has for the lee
evenly years been greater than tho In
crease In worlds supply Of silver. snd
this too when measured by weight; th'
relative increase OF gold by value beint
much greater. lie knows that the IN
Inu.l production Of silver is but . frac
ltion over ! per cent. over the world
supply and that II there had been IN!
reduction in the cost OF production zinc
lhis bill was adopted (Which there ha
not) II would not have affected the yaIu
Of silver.
\ Mr.. Sherman knows very we'll the res
} cauae OF the decline in value OF silver
lie knows that lite principal use IN 10
|. last fiftv years has been for coinage
|, Only 81 per cent OF the product 10 use
I'm maui ufsctures and the srts. The othe
7y per cent. was coined. IL lite chief u
sIis destroyed as . matter OF necessity y
! value decreases. and ~ the came time
' making gold The exclusive money II
I value Of gold IL increased, thereby 81
n pareniIy decreasing the value OF siIvs
6 stiIl more SIR. Sherman knows thi
/. and has known IL oil the tins he h'
E been talking about his desire TO resto!
to silver its former relative value
( new that the effect of his bill would |
q the came % the effect woud be on u
. price Of wheat IL . law were psssed tn
A liz shonld no longer he used for bres
9 He hes done the work Of the none
!. lkings shrewdiy. but perfdionsly h
/ has made hundreds Of weii-inientions
n people believe that the apparent decii'
}, in silver was due 10 natural cause
when. in fact. IL 10 due alone to the ma
: lipulstions Of the money changers. The
n lhas never been In the history Of u
q world any material alteration In the q
/. alive values OF gold and silver until Z
q work OF characterization Vas begu
!. And John Sherman is the chief respo
D. able agent in that crime agsinst I
,r people In this country. Ind. Sentinel