Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1893-11-25
AN APPEAL.
To the People Of the United Htafes by
the American Bimettailic League.

The conspiracy of a powerful
money combination to overthrow
the ancient standard of gold and
silver and establish the single stand
ard of gold, begun in 1873, has
been finally consummated by the
closing of the minis of India, and
the unconditional repeal of the sill
yer purchase law of 1890 in the
United States. This last act has
been effected, not only against the
interests of the great mass OF the
people of this country, but, it is be-
lieved, against the will Of vast
majority of the whole people.
The purpose to overthrow the
Constitutional standard of money
in the United States by eliminating
silver, was concealed in the election
of a year ago by planks in the plat
forms of the two leading parties de-
claring for the continued use of sill
yer as standard money, with the
coinage of both metals without dis
elimination against either. TWAS,
moreover, everywhere proclaimed
that the tariff and not silver was
the issue before the people, but as
soon as the election was over every
other question was thrust aside and
an extra session of Congress called
to register the decree of the gold
combination that had raised hun
dreds of thousands of dollars to
nominate, and millions to elect a
President on whom they could re-
ly to use all the power Of the Adj
ministration to secure the over
throw of silver. Through the power
of patronage on the inside and the
power of organized capital, with
the aid OF the Metropolitan press,
which it controls, on the outside,
the work has been accomplished. A
financial panic was precipitated as
an "object lesson" to help create a
public sentiment in favor, not of the
continued use of silver as standard
money as had been pledged in their
platforms, but for the repeal of The
only law by which silver metal
could be utilized at all as money.
Thus has silver been slain in the
house Of t. friends. A claim more
illogical could not be made than
that the addition of from three to
four millions of dollars of standard
money to our volume of currency
monthly produced money stringen-
cy and brought on a panic. The
bottom cause of the panic was the
shrinkage in prices necessary tn
conform to The single gold standard
aud the necessary consequence OF
the establishment of this standard
musthe-after possible temporary
expansion of mere credit-a still
further and more rapid rise of gold
and a corresponding fall in prices.
There is no possible way to retain
gold in this country but to bring
prices down to the level of prices in
other countries, so that gold will
tend towards and not from the
United States. Prices must there
fore scale down and debts scale up,
as gold rises in value. All products
of labor must fall and eventually
wages of labor must go down also.
This is inevitable with single gold
standard.
The idea that by selling bonds
and accommodating large gold re-
serve, as large a volume of currency
convertible into gold as may be de-
sired, can be maintained, is Il delu-
sion. There is no possible way by
which a volume of currency, redeem
able in gold, can be maintained
larger than our distributive share
of the worlds money on a gold ba-
sis. No statesman with a reputa-
ton to lose would propose to increase
the volume beyond that proportion
by trying to hold large gold re-
serve, Gold that does not come t.
us in the course of trade will not
stay when bought with bonds. 1t
will flow away as soon as liberated
Two different levels of internation-
al prices cannot be maintained with
the same money standard.
Will the people of this country,
then, consent forever to carry on
business and pay debts by a con.
stantly-increasing money standard
in order that the debt-owing and
money-lending classes may obtain
possession of the earnings Of others
| IN which thav haya no riUht?