Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1893-08-22
GOSPEL or BIMETALLlSM.
Continued from First Page.

peoporeiOneo III VS'uo - Two W ooe'
BY Law, oil over tho world. Thea
suppose that several nations, ls'ge
consumers of both, should make laws
forbidding the same rate Of tra"spor'
sation for corn - for wheat, deny its
use except in very small amounts, in
payne ant of debts, and thus indicate
its abandonment for part its sole
use for even that ono purpose, and
that corn would drop . little by rea>
son OF it's disuse for one purpose?
2. It 10 an axiom that the value Of
oil things which have commercial
value is determined BY use, and BY
increase OF decrease of tho cost or
rapidity Of production relatively to
use.
Evidently il governments, which
establish by law what is money and
legal tender in payment of debts,
make Law the effect Of which is to
diminish the potency Of one kind Of
metal coin money, and to augment
the use and potency OF another kind,
the law is a controlling factor to
change the relative and positive
value of both metals.
1t is estima ted that nineteen>
twentieths Of all the gold and silver
commercially accessible in the world
is in the forms of coin. The one.
twentieth, more or less, not coined,
and used for ornamental and archi
tectural decoration, is altogether out
Of market after it is thus used, and
rsreiy gets back into commerce; so
that the whole commercial product
OF both metals Is absorbed by the
coin use. The fraction demanded
for decorative purposes is in fact a
demand and lien upon the coin
stock Of the world.
Gold is coined tree on presentation
Of the metal at the minis. Silver is
denied free coinage. Legislation is
all pointed to make an added potency
for gold and q diminished potency
for silver. Gold rises and silver
falls. Free coinage and equal legal
potency are for the two metals what
equal rates Of transportation are for
produce. Is it not evident that leg.
islation, and principally that of the
United States, has been the cause of
the fall Of silver and the rise of
gold?
Suppose that corn had been OBJ,
structed in transportation by an un.
equal rate for quite a number OF
years, and in consequence has fallen
in value at the farm; and wheat has
an added value equal to the decline
on corn; and after this result had
been willfully brought about by
dealers in wheat, that these dealers
should fill the air with denunciations
of corn as bulky and vulgar food,
and no longer to be used in pay ment
Of debts; and after the price should
drop again by reason of such influ.
ences, the same dealers should sug-
gest that as corn is not worth as
formerly the government should
make new bushel measure for corn,
so that they shall have a half more
to a bushel. Would that be wise
legislation? Would it not be a
changing Of weights and measures
for the benefit of one class, and fraud
towards all others? Would it not
suggest legislation in the other di-
rection, viz, to stop the unequal rate
of transportation, and to disseminate
the truth with regard to the essen.
TALLY constant and equal value of
the great twin products? Would it
not be wise 70 review the laws and
undo the legislation which caused
such mischief?
To reach honest bimetallism the
road is direct, clear and logical. All
talks Of maintaining the parity" of
the two metals while knocking out
the props from under one of them is
based on ignorance of the philosophy
Of money, or mercensry interest in
gold and bonds.
The first mistake in United States
legislation on this subject was made
in 1853, when the gold dollar was
for silver as the unit of