Arizona weekly journal-miner., 1893-10-25
Farish's Fanacies runctured.

IT
 Both may be wrong at times, but
 there Is honesty and intelligence
 enough in both to right the
 wrong.
 While many may have bowed
 down to the silver idol of the popu-
 lists, vet the great body of the party
 stand firm in the faith of their
 fathers, in approval of the platform
 formulated iu Chicago and upon
 which Mir. Cleveland was so tri-
 umphantly elected last year. They
 are rallying nobly to the support
 of the President, and while they
 heartily endorse the prompt action
 in the House in passing the Wilson
 repeal of the Sherman silver
 purchase act, have nothing but
 anathemas for the Senate, which all
 lows a few attorneys for silver kings
 to prevent the registry of the peo-
 ple's will"
 It Is to be regretted that MT.
 Parish, usually so correct in his
 political opinions, finds 1t necessary
 to make the foregoing statement.
 With the rest of the West, Mir.
 Parish must recognize that on the
 unconditional repeal of the Sher-
 man act, silver ceases longer to be
 8 money metal in our nation. Its
 repeal means a revolution in our
 monetary system, the results of
 which can only be the creation of
 an organized money power" dan gerous and inimical to the spirit
 and freedom of the nation. It
 means the deifcation of gold and
 the enrichment of the money
 owning classes, the debasement of
 labor and the improvement of the masses. To the man who owns
 and lends money, 1t will mean a
 higher rate of interest on bis loans,
 a greater purchasing power for his dollar, and the bestowal on him of that power and control over his fellow citizens that has never failed
 to result in the peonage of those whose chief crime is poverty. To the man who owes money, the de- monetization of silver means that through the scarcity of the money thus entailed-the payment of his debts is made doubly hard; first, by diminution in the values of all classes of property, and, second, by the decreased value of his pro- ducts.
 To repeal unconditionally the l Sherman act and expect silver to long be a money metal, is to throw away the sword and fight with the | scabbard
 Supported by an English garrison and English bayoRets, silver has | been demonetized in India. That | the gold of the mOneylenders and | capitalists of London might in- | crease in value, three hundred | millions of East Indians have been | forced to discard the silver, current ss money among them since time immemoTial.
 This Is the policy of England to- ward a conquered people, and it is the policy which the monsyed | power of America is now trying to force on the American people by | the acts of an American Congress.
 This question of silver and gold is merely a question between the borrower and the lender, the pre- ducer and the drone. Every money lender recognizes this, and every poor man should, It cannot be better stated than in the words of Mir. Gladstone, premier of the British Empire, in his speech Of March |. 1898, against silver, in the House of Commons. Mr. Gladstone speaks for the lenders of money, not for the borrowers, and he speaks as should an Englishman and not an American. Here are his words:
 ''I suppose there is not year which passes over heads which does not largely add to the mass of British investments abroad. 1 am almost afraid to estimate the total amount of the property which the United Kingdom holds beyond the limits of the United Kingdom, but of this l am well convinced, that 1t IS not to be counted by tens or hun dreds of millions. One thousand 1 millions (S5.0O0000000) probably would be an extremely low and in adequate estimate. Two thousand 1 millions (SI0,000,000000), or some thing even more than that, is very likely to be nearer the mark. |" Hear" Hear" think under these circumstances 1t is rather a serious matter to ask this country to con sider whether We are going to per form this supreme act of self-sacri- fee. 1 have a profound admiration for cosmopolitan principles. l can go a great length in moderation l laughter m recommending their recognition and establishment, but if there are these two thousand millions CSl0,0O00OO,0O0) or fifteen hundred millions (S7, 7,500,0O0,O0O) of money which We have got abroad, It is a very serious matter as be- tween this country and other coun- tries.
 We have nothing to pay to them; we are not debtors at all; We should get no comfort no consolation out l of the substitution of an inferior { material, of a cheaper money, which { we could obtain for less and part 1 with for more. We should get no 1 conso olation, but the consolation throughout the world be great. Loud laughter.
 MT. Gladstone, like my good friend Mir, Parish, wants an honest dollar, but he wants more; for he 6 wants the money lender to have the ( right to say what is an honest dol ( lar. To admit that the money lender I alone shall have the right to say I what is an honest dollar, is not f yet this Is what the de- q of silver means. Any . legislation which makes the money 5 borrower repay to the lender more z han he borrowed, which forces the :, producer to sell his products at less = than the cost of production, which : forces the laborer to sell his services Tor less than they are worth, creates u i dishonest dollar, which favors the -ich and injures the poor. This has been done since silver was demon ,tized in 1873, and the repeal of the !, :, Sherman act wall not only intensity . he injustice, but perpetuate it. a An ounce of silver will today buy lt Is much of every other article ex- " .ept gold as it would prior to 1873. le n other words, since the demoneti- IL alton of silver, every other article d.