Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1893-08-16

Continued from Fist Page.
lism. You will sgtee with US in THU
proposition when you have given the
subject that Independent study and
Investigation to which its importance
entities it. We want to toll you
sgsin that this rule OF monometalIism'
II It be finally fixed upon Us, must
apply TO all classes Of property. Vsl-
ues mu.t all shrink. The values OF
your lands, your buildings, your fac
tories, your railroads, must be pared
down. You cannot escape from It;
n either the efforts OF fnanciers nor
the Intervention of clearinghouse
associations can prevent the fall.
when the princess Of shrinksge shall
have been finished. 70 per cent. OF
your stocks will have been entirely
wiped of tho boards Of the exchanges.
Thousands of millions of dollars Of
VOTE investment securities will not be
worth as much as the paper upon
which they are printed. They repre-
resent only an equity, the bondholdef
ZONES FIRST, and the value OF the prop.
erty will not be more than sufficient
70 pay the bond, when finally meas.
sred by the single gold standard.
Ftes coinsge Of silver will eularge
The volume Of basic money: it will
stop the fall Of prices and establish
them upon . much higher plane, it
will add TO thc rewards of oil who
toll, IL will increase wages. it will
make tho burdens OF life easier in the
homes OF the masses, it will tighten
the sky Of industry; it will make
music among the spindlesI it will put
Thanksgiving in the hearts and songs
on the lips OF millions, it will over
turn tho bondholders' conspiracy and
take tho yoke of hopeless poverty
from she necks Of those who have
been ground into the dust beneath
the wheels OF this Juggernaut of gold
Moreover, We want to say to those
who own factories that are standing
idle, that free and unlimited coinage
Of silver would at once create q ne "
and almost boundless market for
them. Free coinage in the United
States at q ratio of 10 to l would at
once bring food OF orders for good.
from Latin. American countries. This
trade would amount TO tens of mil
lions OF dollars annuallyI it would
permanently turn the general balance
ot trade in our favor, and oblige
Europe to pay i.s balances to US If
gold-aye, in gold. While drawing
the silvet Of Mexico We would draw
the gold Of England, and the b,metsl
Ito United States would become tn.
money conter OF the world. Our trad,
with all silver>using countries would
become direct, thus building up ou
merchant marine.
The remarkable prophecy Of th'
French economist, NJ. Ernest Seyd. i,
well worth quoting in this connection
So far back a. 1871, two years beior,
silver was demonetissd in the United
States, NJ. Sevd used these words:
ut is q great mistake to suppos,
that the adoption Of the gold stand
ard Of value by other States beside
England will be beneficial. It vii
only lead to the destruction of tn,
monetary equilibrium hitherto exist
ing, and cause fall in the value o
silver. from which England's trad,
and TIE Indian silver valuations viii
suffer more than all other interests
grievous as will be the general de
oline OF prosperity al over the world
"The strong doo.rinism existing il
England rs regards the gold vslua
tion Is SO blind. that, when the tim
of general depression sets in, Their
will he this special feature: The eco
homical authorities of the country will
refuse to listen to the cause here fore
Swallowed; every possible Attemp
will be made to prove that the decline
of commerce is duo to all sorts o
causes and irreconcileabls matters
tha workman and his strikes will b,
the 6rst convenient target; the,
'speculating' and 'overtrading' viii
have their turnt MANY other alec a