The Wadsworth dispatch. [volume] (Wadsworth, Nev.) 1892-1899, 1893-07-19
SILVER.

Last Saturday night at Reno the fol-
lowing address by Hon. F. G. Newlands
was unanimously adopted as the senti-
ments of the people Of Washoe County i:
The people of Nevada, > State prostra-
ted by reason of hostile legislation,
which withdrew from silver the privi-
lege of free coinage that had been ac-
corded to it equally with gold in all
countries and in all times, solemnly real
izing the disaster about to befall the en-
tire country through the threatened con-
faction of the worlds currency by the
universal adoption of the gold standard,
appeal to the people of the east and
south to listen to the words of eason
and justice.
It ia proposed to absolutely destroy
the monetary use Of silver, which prior
tho 1873, and since, then in a modified
form, has constituted one-half Of the
money of ultimate redemption in the
world. Can imagination picture the
s~tupendous character OF this contraction ?
We had three recent lessons IS to the
effect of monetary contraction. In 1873
we denied silver free coinage in our
midst and we followed this up by destroy-
ing in subsequent yeass. about three
hundred millions sf .srsenbacks The
result was bankruptcy, suffering and
disaster from 1873 to 1873, when the
Bland bill partially restored the equili-
brium. -;
Less than ozs hufdred millions Of
gold gone out of the country within the
last six months. and behold the failures,
i~nsolvencies and the money stringency.
II the distraction of, thres hundred
millions Of greenbacks in the years fol-
lowing 1873, II the withdrawal of lee
than one-ffteenth Of the money of this
country by our English creditors In 1891
and 1898, could produce such disaster,
what ahEbs the effect when on>-hslf
the worlds money is destroyed? II the
withdrawal Of less than hundred
millions of gold has so seriously affected
the values of stocks, bonds, wheat, cot
ton and all the products and commodi-
ties in this country, how will the des-
truction of the money use of four thou
sand millions Of silver affect the value Of
all the products and commodities with
which AUTHORIZATIONS ~ well a. indi-
viduals-pay their debts7 If wc thus
place ourselves within the control Of the
English gold trust and subject ourselves
to its bounty for all the money we use,
If we are blind ourselves to respond to
their calls for gold, when caprice and
disaster In some OF the Eng
lish dependencies induce England to call
for her gold, what will our condition be
thenf
Remember that England has accum-
ulated almost al the goldscf ths Sorld
and has loaned it to other countries.
Remember that ell the gold now in Amer
lea is England's gold, loaned TO US, and
which she can call away at any time by
the sale Of American securities, as she
has done twice within the the last three
years. Remember that England has the
corner on the accumulated gold of the
ages. The annual product of gold from
the mines does not effect this corner as
ills constantly diminishing and Is only
sufficient. TO meet the demands of den
TESTIFY and the arts. Remember that
America Is the largest wne of silver in
the world. She has a vast accumula-
ton in her vaults, REPRESENTED in c~ircuia-
ton by silver certificates and treasury
notes. She has a vast ~undeveloped
wealth Of silver in the mines in her
western territory. Remember that sill
yer is the only competitor of gold for
money use and that England can only
increase the value of her gold by induc-
ing other nations to abandon the use oil
its competitor-silver. If England
owned all the wheat and America all the
oats, would it be wise in America to pass
laws preventing the use OF oats? Ii
England owned all the beef and Amer
lea all the mutton, would it be wise for
America to pass laws preventing the use
of mutton?
We disclaim any intention OF appeal
srn 80 ann suhn~;taI Nant-1sao a~A:ra<