The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-08-04

Gold mining In the main and generally
speaking does not build up eoun-
try or develop fts resources 20 any
great extent The production Of sold requires
comparatively cheap and simple processes
while the yield IL usually out OF al proportion
70 the amount OF labor and capital expend~o
On the other hand. silver mining has become 80
established industry. its produc ton has devei-
oped and peopled Q vast area OF country com
prising whole states II II permanent IN char
scter IL requires skilled labor and vast out
lays OF capital to successfully engage In u
Tho processes of extraction and reduction Oh
ores are costly and dincut IL calls into ex-
istsnce all other forms Of industry 70 support
IL II builds up communities, makes towns
cities and even states, sustains millions OF pso-
Pile gives trafiic 10 railroads and pours stream
OF pure wealth into the channels OF commerce.
untainted by suffering and u nstatncd by greed
We therefore maintain that the only way 70
ascertain tho true cost OF the production OF
both metals is to balance tho total value OF all
the time and labor employed In producing
them against the total value Of the combined
product And see that on such basis
every ounce Of silver. we'll Is every ounce OF
gold costs mere than its statutory value, ana
that these pursuits are largely followed on &C
count OF the prizes and hazards OF fortune,
which are 50 captivating 70 me disposition OF
| mankind We also say furthes. that II tho nat
| value was taken from gold. II would Be worth
but little more as . commodity than silves.
Demand More Money.
I'VE iterste the oft repeated bus always
tTus proposition that there is not enough gold
| in the world upon which to transact the worlds
business. and while the trade and popuis ton
are steadily increasing the gold available for
| coinage is steadily decreasing. The truth OF
this assertion il borne out BY the panic now
| upon US. There Is plenty Of everything In the
world but gold. and everything is cheap but
money. The gold is boarded, locked up In tho
vaults and treasure boxes OF the country,
| while property OF all forms 10 rendered value
| less and checks and drafts no longer perform
| their accustomed functions. 1t Is the knowi-
edge that gold is scarce and insufncient In
/ quantity that leads to the scramble for II
among the nations and individuals, and IL is the
Withdrawing and boarding OF II that brings
panics. And In this connection we call atten-
ton to this important fact. viz: That At least
70 per cent of the entire gold production OF
this country il the by-product OF the silver
mines. that the closing OF the silver mines
| would reduce the amount OF gold available for
coinage 10 this extent and thus further In
crease the danger and distress arising from .
scarcity OF gold.
sherman Law Wrong In Principle.
I'VE concede tina, the sherman law IL wrong
in principle because IL degrades silver into q
mere commodity to be bufeted about by un-
principled speculstors. At the same time the
treasury notes issued under the provisions OF
that law have been Of inestimable ben
eft in increasing the circulation 1T critical
time and thus preventing disaster
ITO repeal this law Internationally would be
70 destroy silver forever and would be playing
directly into the hands Of the advocates OF .
single gold STANDARD. and contracted cur
rency. II would be the cruelest blow ever
struck at the rights Of the great mass OF the
people. and particularly 1T the debtor class. for
II would enormously increase the purchasing
I power OF gold and correspondingly lower the
|. 1 x.at. - luetQ nd HaF q
| property. The Sherman law was never IA
vored by the advocates OF free silver coinage
but, bad as II il. IL is now oil that remains be
! tween the desires Of the gold standard men and
) the contamination of their selfish ends. ant
must be retained In the interest OF the common
1 people until something better Is conceded In III
stead
q Favor Both Gold and Silver.
1--WE are in favor Of both gold and silver =,
: money TO be coined upon equal terms At the
ratio OF 10 TO L. This is the money which the
fathers OF the republic bequeat hed TO US. II II
the money OF the constitution For eighty
years We thrived and prospered with this cur.
|, rency. II was destroyed at the dictation o
. England and Germany through their agents II
this country and In the interests OF the creditor
class, those with fixed incomes and annuities
We now demand that IL be restored again tc
the place where the fathers left IT, In the inter
o est Of tie whole people
4 The constantly repeated charge that tho sill
! yer dollar Is . cheap dollar 10 20 manifestly
o Illogical and absurd TO render II un worthy y
4 notice among intelligent people. There ere M
4 cheap dollars A silver collar will purchase y
4 much ~ gold dollar or any other kind Of I
q dollar. Equally untrue IL the statement tina
4 the government has lost money upon its silve
+ purchases, because OF the depreciation In IL
. price. The facts are that the governments hA
e made pront amounting TO more than 500 900
II 90 on its silver purchases under the Bland an
Ga Il.
!. the market and coming value. And this prod
n has gone TO the credit OF the people becaus
d with IL the government has paid its current el
e penscs and obligations. and all their silver
= either OF itself or by its paper representatives
. IL In circulation today. bearing the burdens Q
p trade. performing the functions OF money
IS while the gold is locked up in the vaults Of tn
Is money kingA II Il gold that In boarded, no
u silver
Great britain Blamed.
= I'VE are niled with . great and just indigns
y ton that our country. OF which we are so prout
!. strong IN its credit and wonderful beyond e'
preston in its rich and varied resources, Is W
a. 50 weak and unsettled In its financial systeI
y that England can In q day, by the dishoncs
. man pulation OF tho currency Of far-on Indil
d bring upon tho people OF free America . PAM
4 which. without . moments warning, transform
= happy and prosperous people into commun
7. ties of comparative pauperx Such eonditio
q Is humiliating beyond words to convey. II
Z destructive TO the pride and faith which Z
% loyal citizens We have 80 long and dearly che
a. ished In our government We warn those
< this country who are waging this unjustifiabl
y war on silver as money that they are castin
= . boomerang which will return 10 crush then
70 They may destroy the property OF great ar
u growing section OF our country and bring 20
, ersy and suffering upon some millions OF the
fellow citisens. but tho return tide will carr
with 10 hundreds n MILLIONS OF securities
@ the form Of railroads. state. county, AMI mum
e cipal bonds, made worthless by their Mario
- policy and selfish greed The signs are q
ae wanting TO prove the truth OF this assertio
n even thus early, and. unless the gold contra
"a tonists are defeated in the coming session
r. congress- We believe that within . year the
. win not b . railroad west Of the Missou
Il river that will not be In the hands q receive
>; Last Appeal for silver.
IN "One hundred and seventeen years ago q
81 PATRIOTS Of the American revolution gave 10
ia our independence. In framing the laws al
Ia laying down the principles which were 70 q
IN ern US, they sought no counsel and asked no Z
70 vice from their enemies Relying upon ths
- own splendid courage and wise statesmansh
=. they fnauguratcd . system Of finance bas
z upon tho worlds previous experience and up
M equality and justice. We ask that the prese
no generation OF American statesmen follow tn
lel erAmple that they iuhibe new courage from