Walker Lake bulletin. (Hawthorne, Nev.) 1883-1926, 1893-08-16

Deducting what we owed 80. 70,459729
Leaves Observation-Disclosures. 17,046 7s4
Gold sent abroad for all other purposes.
This includes money spent by our
tourists, interest due on bonds. divi-
dends on stocks, etc, after paying
which there would be mighty little
for the foreign governments to add
to their stock.
1t therefore does not follow that
the continuation of the Sherman
purchase law will or does drain the
Treasury of gold, consequently no
issue of bonds is necessary to put
gold into the Treasury, and the train
OF attendant evils mentioned does
not follow. Again, apparently the
President oyerlooks the fact that
during the last thirty days the tide
OF gold has turned in our favor about
S15. 600 900, with the Sherman law
still in operation.
Fifth, he argues in favor Of a monetary
conference and states that our government
cannot make its fiat equivalent to intrinsic
value-whlch has caused lack Of confidence
and business troubles.
We have tried the monetary con-
ference proposition number of
times, and it has always resulted in
failure, and always will, for England
will never agree to give up its hold
on this country 50 long as she has a
voice in the matter.
As to the proposition that our gov
eminent cannot make its legal ten
der stamp good, take the green
back, the total issue OF which is
1916, 68l, 0l6 all these have behind
them is the legal tender quality given
by the government and the gold re-
serve.
The certificates under the Bland
law, which are redeemable in silver
dollars only, and of which 1926, 49,
1865 are in circulation, have not de-
preciated. They likewise have the
legal tender quality and in addition
the actual silver dollars. And so
with the Treasury notes issued under
the Sherman law, which have the le-
gal tender quality and the bullion be-
hind them, and if the Treasury had
coined the bullion, as was its plain
duty under the law, the dollars would
have been there instead of the bull
lion These issues all circulate freely,
and none are deprecated.
Oh, no, Mr. Cleveland, you will
have to look deeper than this for the
cause of the financial troubles and
prevailing distress. The low price
of wheat and cotton, caused by the
low price of silver bullion, reducing
the income OF the farmers of the
United States one-third, rendering
the strictest economy necessary, and
reducing the value of our wheat ex-
ports from $500, 600, 900 to 5000, O0O,-
900 and our cotton exports from
$3.50, 900. 900 to $l88, 900, 900, throw
ing the balance of trade which
should have been in our favor s104,-
800, 600, against us SS7 500, 600.
The sbrinkage in all property
based upon agriculture caused there
by, including town and city proper
ty, railway securities, etc, etc.
The stoppage of silver mining and
the attendant shrinkage, and finally,
the fear that the manufacturing por-
ton of our population has of what
will be done with the tariff on the
lines we are handling? Can we con
tinue to operate, or must we closer"
| These are the real reasons, and to
reach the root of the trouble silver
bullion must be brought to par, and
thereby put wheat and cotton prices
where they belong. The money cir
cuating among the people must be
increased, and these two objects can
be reached by giving to silver the
right of coinage at the minis of the
United States and restoring it to it's
true function as money, of which it
has been robbed by legislation and
depressed in price in the markets of
the world by reason of that legisla-
ton only,
The Sherman law should be re-
pealed, but in its place should be en-
acted law for the free and unlimit-
ed coinage of silver at the ratio of
l53 or 10 to l-preferably 15a to l,
as this would prevent foreign gov
ernments drawing our silver from us.
Anything less than this will only