The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1893-02-11

UNI i, 1UAHV, DA1 Oh
they had previously owned, ant
which their labor and privation
had doubly earned.
| It enriched the non-productiv
few by impoverishing the product
i've many.
j It appreciated the purchasin,
power of gold about 35 per cent
The consequence of this was, an(
is, that all other products of labo
are deprecated to such an exten
that it would now require more
pounds of wheat, corn, cotton
. meats or other staple products tt
| pay off the public debt than woulo
have sufficed in 1866, which il
equivalent to confscating IS pei
cent of the laborer's earnings fol
the benefit of capital.
1t is the prime cause of the dis.
tress and general industrial depres,
sion that now affects so injuriously
the labor interests of all nations
eliminating SO frequently in lock.
outs, strikes, riots and bloodshed
It has mortgaged millions o1
homes and made our industrial
classes tribute-payers to non-pro-
ducers, thereby robbing them o1
that sterling independence of char
acter which makes men good citi-
zens ard patriots, and a nation
incorruptible and great.
1t has done all of these things and
more by depriying our people Of an
adequate circulating medium; and
it's injuries are still accumulating.
Your memorialists would further
respectfully represent to your hon
orable body that in their opinion
an international monetary confer
ence is a humiliating mistake that
should not be repeated. 1t is an
admission of weakness on our
part that does not exist, and a sac
rifce of our national self-respect
that is entirely gratuitous and most
discreditable to our courage as a
people.
We are able to dictate the finan-
cial and monetary policy of the
world, and our interests and the in
terests of mankind demand that
we exert our ability.
France, with but half our popu-
lation, and domain and resources
less than one-twelfth Of our own,
has maintained $3.50, 100000 in sill
yer at par with gold ever since de-
monetization was perpetrated, and
still does 80. Nay, she but recent
ly surrendered millions Of her gold,
proving that her statesmen disre-
gard the bugaboos with which the
Rothschilds and their satellites have
succeeded in frightening the finan-
ciers of other lands. Moreover,
Mexico, Central and South Ameri-
ca, Japan, China, and doubtless,
India, are ready to come to our
support the minute we adopt silver
coinage, and if we make the ratio
154 to one they will accept that. If,
therefore, there were any doubt
about our ability to sustain our
selves under a free-coinage policy,
which there is not, surely the con-
currence of these nations, and
France, in that policy, should be
sufficient to remove it..
We should lead, not follow.
The Monroe doctrine should be
observed in our financial and mon
etary intercourse with foreign ma
tions, and its principles applied
there as it is over American do
main.
The truly American, is the truly
action.
We should enter into no entang-
ling alliances, in money or other
matters, with any power whatever,
nor should we conform to Euro
pean or other foreign customs, or
to their dictation in any of
our affairs.
Ours is a new nation. Here are
presented new problems of life, and
new principles of government. Our
fathers who established our nation
al liberty, established also new
theories Of public rule, and new
ideas of right, entity and justice,
and it is our duty to preserve the
of their creation and
transmission untainted and in alb
solute independence of old world
effeteness. Especially it is our du-
ty to keep aloof from financial pol
icies, which, whenever tried, have
proven millstones about the neck
Of those who toll, and have bound
whole nations-their idlers ex-
cepted, Ito the destroying molock
Of usury. It is our duty, by a new
and wiser legislation, to shield our
Industrial people from the soul-en-
slaving poverty which has palled
thn voorhOoI of oio "a nd Ey,roraosa