The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1893-08-24

astrous to all whose labor contributes
to the fund from which these securi-
ties, principal and interest, are paid.
Here in the west we have been led, by |
reason of the direct and disastrous |
effect upon our leading industry, to
give this subject that careful thought
necessary to arrive at correct conclu-
sions. The people of the east have
not given it such thought-they have
carelessly accepted the explanation
that the prices of the products of
human labor have declined because of
over production. That is false as
sumption. We tell you prices have
shrunk because of the appreciation of
basic money as a result of the appli-
cation of the principle of monometal-
lism. You will agree with us in this
proposition when you have given the
subject that independent study and
investigation to which its Importance
entities it. We want to tell you
again that this rule of monometallism,
if it be finally fixed upon us, must
apply to all classes of property. Val
ues must all shrink. The values of
your lands, the values of your build
ings, the values of your factories, the
values of your railroads must all be
pared down. You cannot escape
from it; neither the efforts of tinan-
ciers nor the Intervention of clearing
house associations can prevent the
fall. When the process of shrinkage
shall have been finished, rs per cent.
of your stocks will have been entirely
wiped off the boards of the exchanges.
Thousands of millions of dollars OF
your Investment securities will not be
worth as much as the paper upor
which they are printed; they repre-
sent only an equity; the bond holders
come first and the value of the prop
erty will not be sufficient to mor'
than pay the bond when finally meas
ured by the single gold standard.
Free coinage of silver will enlarg'
the volume of basic money; it vii
stop tht fall Of prices and establish
them upon much higher plane; i
will add to the rewards of all whit
, toll; it will increase wages; it will
, make the burdens OF life easier il
the homes of the masses; it will
r tighten the sky of industry; it vii
: make music among the spindles;
: will put thanksgiving in the hearts
: and songs on the lips of millions;
] will overturn the bondholder's con
f spiracy and take the yoke of hopeles
8 poverty from the necks of those VIII
e have been ground into the dust be
+ meath the wheels of this juggernar
Il of gold. Moreover, we want to sa
# to those who own factories that al
d standing idle, that free and unlimite
l. coinage of silver would at once Great
r new and almost boundless mark,
; for them. Free coinage in the Unite
e States at a ratio of 16 to ! would I
'e once bring food of orders for gooC
d from Latin American countries sint
le fluctuations in exchange would
done away with. This trade wou
D. amount to tens of millions of dolla
4 annually; it would permanently tu
< the general balance of trade in o
,y favor, and would oblige Europe
ht pay its balance to us in gold-aye,
ne gold. While drawing the silver
Ie Mexico we would draw the gold
We England and the bi-metallic Unit
lis States would become the money ce
he ter of the world.
re Our trade with all silver usi
mt countries would become direct, th
building up our merchant mariI
at The remarkable prophecy of
H. French economist, NJ. Ernest Seyd
lst well worth quoting in this connecti'
ITS SO far back as 1871, two years bef'
ID. silver was demonetized in the Uni
lat States, NJ. Seyd used these wor
it; at is great mistake to suppose t
tes the adoption of the gold standard
lit value by other states besides Englf
m will be beneficial 1t will only II
lti- to the destruction of the monet
en- equilibrium hitherto existing ;
ich cause fall in the value of sill
, TO from which England's trade and
ass Indian silver valuations will gu
the more than all other interests, griev
ry. as will be the general decline of pl
let perity all over the world The str
cen doctrinarianism existing In Engl
the as regards the gold valuation is
of believed that when the time of gen