Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-08-03

to the amount or labor ana capital expended
On the other hand, silver mining has become an
established industry its production has devel-
oped and psopled vast area of country COM
pr.Sing whole states. II is permanent N char
acter, it requires skilled labor ard vast out
LAYS OF capital to successfully engage in i.
The processes OF extraction and reduction Of
ores are costly and difficult. 1t calls into ex-
iSteIce all other forms of industry to support
it. It builds up communities manes towns.
cities and even states, Sustalns millions OF peo-
PIE. gives tra,ic to railroads and pours a stream
OF pure wealth into the channels OF commerce,
untainted by suffering and u nstained by greed
We theret ore maintain that the Only way To
ascertain the true cost of the production OF
bo:h metals is to balance the total value of Al!
the time and labor employed in producing
them against the total value OF the confined
product And we see that such tasi.
every ounce of silver, as well as every ounce OF
gold, costs more than its statutory value, an,
thas these pursuits are largely followed on &C
count of the prizes and hazards OF fortune.
which are so captivating 10 tne disposition Of
mankind We also say ths-, that if the fiat
value was taken from gold, il would DE wor tn
but little more as a commodity than silver
Demand More Money.
I'VE iterate the Oft repeated but always
true proposition that there is not enough gold
In the world upon which to transact the world )
business, and while the trade ana popula ton
are steadily increasing the gold available for
coinage Is steadily decreasing. The truth OF
this assertion is borne out by the panic now
upon There is plenty of everything in the
world but gold, and everything is cheap but
money. The gold is boarded, locked up in the
vaults and treasure boxes of the country,
while property OF ali forms is rendered value
less, aud checks AMI drafts no longer perform
their accustomed functions. It is the knOwi-
edge that gold is scarce and insufficient in
quantity that leads 10 the scramble for it
among the nations and individuals, and il IS the
Withdrawing and boarding Of it that brings
panics- And in this connection we call atteu-
ton to this important fact, viz: That at least
40 per cent of the entire gold production OF
this country is the by-product o: the silver
mines. so that the closing of the silver mines
would reduce the amount of gold available for
coinage to this extent and thus further in
crease the danger and distress arising from a
scarcity Of gold.
Sherman Law Wrong In Principle.
1--WE concede that the Sherman law is wrong
in principle because it degrades silver into a
mere commodity to ne buffeted about by un
principled spectators At the same time the
treasury notes issued under the provisions OF
that law have been of inestimaoIe ben
eft in increasing the circulation at . critical
time and thus preventing disaster.
ITO repeal this law uncondi tionaliy would be
to destroy silver forever, and would be playing
directly into the hands of the advocates of a
single gold standard, and contracted cur
rency 1t would be the cruelest blow ever
struck at the rights Of the great mass of the
people, and particularly at the debtor class, for
it would enormously increase the purchasing
power OF gold, and correSpondingly lower the
value OF all products and every other form o.
property. The Sherman law was never IA
vored By the advocates of free silver coinage,
but, bad as 1t is, it is now all that remains be-
tween the desires of the gold standard men and
the contamination of their selfish ends. and
must be retained in the interest of the common
people until something better is conceded in its
stead.
Favor Both Gold and Silver.
eve are in favor of both gold and silver "a
money 10 be coined upon equal terms al the
ratio of ID TO L. This is the money which the
fathers OF the republic beaueathed to Us 1t is
the money Of the constitution For eighty
years we thrived and proSpered with this cur
rency. It was destroyed at the dictation Of
England and Germany through their agents in
this country and il the interests OF the creditor
class those with fixed incomes and annuities.
We now demand that it be restored again 70
the place where the fathers left it. in the inter
est of the whole people.
The constantly repeated charge that the sill
yer dollar is L cheap dollar is manfeStiy
Illogical ana absurd as to render it unworthy o.
notice among intelligent people. There are no
cheap dollars A silver dollar will purchase as
much gold dollar any other kind OF a
dollar. Equally untrue is the statement that
the government has lost money upon its silver
purchases, because of the depreciation in its
price The facts are that the government has
made profit amounting to more than il0), 000.-
900 on its silver purchases under the Bland and
Sherman laws, being the difference between
the market and coming value And this prof t
has gone to the credit Of the people because
with it the government has paid its current ex-
penses and obligations. and all their silver,
either of itself or by its paper representatives,
is in circulation to-day, bearing the burdens OF
trade, performing the functions of money,
while the gold is locked up in the vaults Of the
money kings 1t is gold that is boarded, not
silver.
Great Britain Blamed.
Eve are flied with a great and just indigna.
ton that our country, of which We are proud,
strong IN its credit and wonderful beyond ex-
preston in its rich and varied resources, is yet
SO weak and unsettled in its financial system
that England can in a day, by the dishonest
manipulation of the currency of far-oH India.
bring upon the people of free America a panic
which. without moments warning, transforms
4 happy and prosperous people into cormUni-
ties OF comparative pauperS Such q condition
is humiliating beyond words to convey. 1t is
destructive to the pride and faith which rs
loyal citizens we have so long and dearly cher
ished in our government. We warn those in
this country who are waging this unjuStihable
war on silver as money that they are casting
q boomerang which will return to crush them.
They may destroy the property of a great and
growing section Of our country and bring pOT-
erty and suffering upon some millions OF their
fellow citizens, but the return tide Will carry
with il hundreds OF millions OF securities il:
the form of railroads, state, county, ana Inuri-
cipal bonds, made worthless by their narrow
policy and selfish greed The signs are no,
wanting TO prove the truth of this assertion.
even thus early, and. unless the gold coHtrac
tionists are defeated in the coming session o:
congress. We believe that within year there
will not be a railroad west of the Missouri
river that will not be in the hands of q receiver.
Last Appeal for Silver.
Zone hundred and seventeen years ago the
patriots OF the American revolution gave TO IL
our independence. In framing the laws AM
laying down the principles which were to gov
ern U.S. they sought no counsel and asked no ad-
vice from their enemies. Relying upon theil
own splendid courage and wise craftsmanship
they inaugurated a system of finance baset
upon the worlds previous experience and upor
equality and jus tice. We ask that the preseu
generation Of American statesmen follow thei
example: that they imbibe new courage from
contemplation of the sturdy patriotism ano
broad wisdom exhibited by the founders of thi:
government: that they will enunciate secon,
declaration of Independence; that they will re
store silver to its time honored place a full
legal tender money, and thus give to the Unite,
States-thc grandest and richest in natural re-
sources OF all the nations of the eartb-a finar
cial system which it may call its own Nree from
foreign control Standing to-day mid tn
wreck and ruin of our erstwhile prosperity.
condition wrought by selfish aims. by veal
policies, and unjust laws, the people OF Mon
tana without regard to class, occupation
or political creed, inspired By dee!
sense of injury. and filled with jus
indignation, send forth this appeal 4
the great masses OF producers and toiler
of the United States. We ask them to ponde
IL Sfa.e m IN HI
prematurely biased in their Judgment By tn
false u;terances of interested classes, and