Idaho semi-weekly world., 1893-06-06

passes tor dollar, will buy as much
g any other dollar, and is dollar, !
iull value, . 100 cent dollar. II Sill
ver were treated BY Law q gold il,
sad gold as silver is, gold bullion
would depreciate-thst is, the gold
contained in a gold dollar would be
purchased - bullion for less than so
cents. But for monumental gall. that
beats them all, both great and small,
and short and tall, who have endeav-
ored these many years TO bamboozle
the people and tried to convince them
that it is to their own interest to be
robbed, and perfectly right and law
ful that they are robbed, the brazen
statement that "the Secretary Of the
Treasury has been paying full value
for bullion, and by doing so the gov
ernment has lost several millions each
year would cause the old champion,
Ananias, to crawl into his hole and
die. The government buys 4,5OO, 900
ounces of silver each month, for
which it is paying, on an average,
about SO cents per ounce. For that
numberof ounces, then, itpays 90, 1885,
600. Does the government lose?
Let's see. After putting the govern
ment stamp on this silver it is worth
$l.29 per ounce, or $5,s05,OOO, a
clear profit Of $2,O7O.OOO each month,
or s24,840,OOO each year. The rob-
berry is complete. 1t even extends to
the toilers who produce the white
metal, and amounts to 424,840, 900 a
year. If silver were coined free, as
gold Is, it would be worth 41.29
per ounce, as bullion, as it is when
coined, with the government stamp
on it. AT a ratio of 16 TO l silver
bullion was worth, before demoneti-
zation, S1.29 per ounce, at the low
est, and was frequently at a premi-
um. History has proven this to be
about a true ratio, or perhaps 154 to
one would be nearer correct, making
an ounce of silver worth over 41.29.
1t is only adverse legislation to fleece
the producers of the country and
double the wealth of miIlionaires that
has beaten the white metal down.
Such legislation, if it had been aimed
at gold, would have resulted the same
with that metal. Perhaps the Times
Mountaineer does not know, and per-
haps does, that this combination OF
robbers who worked their diabolicai
scheme not only in America, but in
European countries, discussed the
question for long time as to which
metal should be demonetized. Theil
scheme was to contract the currency
and it made but little difference
which metal was attacked. The de-
monetization act never passed the
American Congress, and was never
signed. The laws were codifed, anc
sentence, inserted by John Sher
man, after the bill embodying thu
laws had been signed, did the work
These money sharks intended to buy
up Congress, but Ernest Seyd, thei
agent sent here for that purpose
found an easier and cheaper way. HI
found John Sherman, and purchased
him, body and soul, for $5OO,000, ant
the deed was accomplished. Thi
John Sherman would never den.
when it was thrown into his teeth
His delicate sense of veracity is to-
we'll defined to deny it, or perhaps hi
conscience is too tender to offer a de
NAL and have it proven on him. Tha
wound prove an immense strain on
conscience so refined and tender a
his. The other lies advanced by tn
Times Mountaineer are just as tran
sparent as those cited. That foreig
holders of American securities ar
sending their paper here and callin
in their money for fear this countr
will adopt bi-metalism, Is pure ro
| If stipulated that they are to be pal
in gold, they will be paid in that mel
al. But many of those obligation
u. S. bonds, in particular, are pays
BILE in coin, gold or silver, and som
of these holders fear that silver wi
be remonetized, the currency be il
creased to what it was when silvs
was knocked out, and dollar, of e
ther gold or silver, be worth just whit
il was when the bonds we're issued,
which case they would be paid ju
what was their due, and no NOR
They want to be paid in money Wort
twice as much as that they loane
These are the "honest money men
II there can be such q thing as