People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1893-11-17

Ddl " udy dS Ille Ol1Cldl returns
come in republicans begin to wonder
what they were growing so loudly
about after aII.-Topeka Press.
The republican victories are not
from an increased vote for that party.
for in no case has the vote been re
ported equal to that cast for Harri-
son last year, while the Populist yrte
universally shows up a fine incrca.
Chicago ErpreSs.
The New York Press is the parer
which recently came out for free
coinage. iii is Republican in politics
and has daily circulation Of up-
wards of 100000 copies. Discussing
the ELECTS Of the repeal measure it
very wisely says: In the first place.
there will be, IN effect, contraction of
The currency. No more silver will he
bought or coined and no more silver
certificates issued. Thus the SUNNY
Oh money will be shortened at a time
when the population of the country
Is increasing at the rate of a million
and a-half year, and when if bust
ness were to have a chance. CONNER
Gal operations would expand contin-
uouSly. An insufficient supply of
money in the early future. and the
consequent compulsory idleness of
numbers Of the people, will certainly
appear unless there shall be legisla-
ton for increasing the currency.
That legislation will probably be en-
acted in the shape of permission to
enlarge the issues of bank paper mon
ey, either by state banks or national
banks, possibly by both. Thus the
control Of currency issue will be TAX
en- from the government and given 70
private corporations, and paper prom
lseS to pay will appear in the place of
the silver which ought to be ire
deemable money of final payment
Instead of coin, paper. Instead of
the regulating power of nature oper-
atlng upon supplies of a precious met.
al, the regulating power of human
law, permitting great expansion and
sudden and violent contraction in
times of panic and stress, when &C.
tual money is most needed
Rapid and continuous decline Of
the price of silver has already begun
since repeal was assured and if will
continue. The metal is now demon.
etized throughout the civilized world
The great Indian market has 4 cold
basis, and England threatens to i'm.
pose duty upon imports of silver
INTO India. Thus excluded from the
money function, and from the hest
markets, silver must fall. In other
words, gold must advance. With the
decline of silver, staple commod
tiles will go down. They have fallen
last and far within the last week
bringing despair and the nrom.
Use OF ruin to the wealth producers of
Ills country. But this is not all
lfSllyer shall continue to depre ciate
Will not public faith in the nearly six
hundred millions of our own silver
currency be shaken? If the gold val
lie of the bullion in dollar shall fall
TO forty cents, is it not possible that
gold may be driven to a premium in
our own country? Is there not. in
deed, some reason to fear that the
very measure adopted upon the pre-
text that it was necessary to keen US
from going upon a silver basis NAV
possibly put us upon a silver basis9
1t will be surprising if we do not
within a year hear a demand from
The gold mOnOmetallistS that the sill
yer currency shall be called in because
all of it is dangerous.
We are now planted upon the single
basis Of gold. Silver will never be re-
stored tOitS ancient place as the co.or-
dlnate Of gold without a desperate
conflict. That conflict will be made:
Dut, meantime, the world being en-
gagged in the scrambling for gold, of
which there is not enough to 90
around, every outward movement of
the metal will disturb our market.
will excite fear and keep the nation
IN a state of continual agitation.
Having linked our system with that
OF Europe, every disturbance there
Will make disturbance here. We
shall feel every shock communicated
to the money markets of the world.
With silver mines able TO give us
enough metallic money for all domes.
tic uses, but with that source of SUP.
ply, given by beautiful Nature, closed
by legislation, there is danger of our
becoming but plaything in the
hands of the filanciers of Europe.
The sum of the matter is that Eng.
land for the moment controls our &.
nances and will soon contro! our tar.
if policy"