The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-10-20
MORNING. OCTOBER 20. 1893

zion. In com garrison with that OF ths eastern
states. IL very much large, In proportion TO
the population; and, white speaking OF
mining eountrits. wish to call attention
70 tho fact that Butte, Montana. generally
admitted TO be the greatest mining cnInP on |
earth, (at least We In Montana believe II to
bs) did not have a single failu,s. while
those less fortunate. situated at tho com.
msfeial osnter of the state, saw over half
their banking resources 6mpoEarily, at
least. tied up BY suspension.
This demonstrates. II anything. she faes
that mining com 1unitiss can be run ON
Just As safo = financial basis ~ any other
nunities. and thas there il NO extra
risk In the en- ploy ment OF capitA! In mining
enterprises. " is my belief that inttasi.
cally. the entire state OF Montana suffered
less than the average number Of people in
agricultural districts although tho great
advantag Of Nontgna II the diversity Of its
business pursuits and material Iesou Cos.
I he west believes in silver A. . nonsv
metal. and with honesty Of puHposs. II
seeks what has besn repeatedly atteInptsd.
and sometimes successfully, by mnnufso-
tuYsrS of the east sver since the establish
msnt OF the fsds al govsHnment; that IL, II
has endsavoHed TO secure. incidentally, pro-
tsction 70, an industry. II the west 10 to
b blamed for this, Lave merely TO say
that you gentlemen who represent the east
set the example; aud II II has been learned
too quickly, then in the future b more
careful what examples yea ses for ~ In that
dire otion.
Tho people Of the west insist that the
govssnnens shall not deal In . fat or de-
prseiatsd money: they insist that metal
which has been suoeessfully used for over
twenty centuries side by side with gold and
hiss by adverse legislation suffered some
depreciation. precisely as gold has been
appreciated by the Same force, cannot be
discarded as q part Of the money metal OF
the world without injury to all classes
depreciation Of all property, injury to oil
On tsrprises, and of benefit to none save TO
the very few who never borrow and always
lend money.
Our reople would favor the coinsse Of
American silver and the exclusion OF all
other silver from our mtnts. the coinage TO
be conducted upon such terms ~
would give the actual market valus
to the producer Of the bullion in
coin from his own silver ald the
ssgnio: age or profit on the coinage to the
Qovsrnment. that 10 to all the people of the
nation. believe that majority Of all the
people Of the west. and feel confident that
| large msjo ity OF the people OF Montana,
will CO. operate with you of the east upon
suoh safe and secure lines Of legislation as
may lead to the resto alton OF silver by in.
te national agreement, provided you OF the
east will agree TO steadily sustain such leg
isl alton from one soapress to another until
the desired result nay bs brought about.
| The people Of my state do not wish to have
any sach legislative enactment as will
throw this country on silver basis; va
want TO have both gold and silver as the
money metals Of the country and neither
one of these netais to the exclusion OF the
other will prove sasisfa etory to -.
From the thought have given this sab
iset l am satisfied that this govei nment ear
safely take care of the silver product OF
this country bv soiniaR the same into dol
las scco. ding to the present tatio. 9ivinl
tbe ssignioraas TO the government aAd lin
iting the legal tender quality Of silver 4
say twenty dollars, and in this connection
discontinue the issus or coinage OF al
kinds of menoy except silver or silver Ger
tificatss under $40. Through this arrange
msnt tho gOvsFnm0nt would be enaeied y
take in all the gold necessary for It's trans
actions at the customs houses. and silve
would become the substratum Of our our
rency system without any danger Of inter
fsring with out gold reserves.
We cannot but regret that the east krow
and appreciates 50 little the great posi-
bilities and advantages of the west. ant
particularly do we regret tho continua
under-ssti m tion. which orors out in NOR
than one direction. of tho integrity of on
western people.
We often point with pride to the great re
sources Of oar no, thwestern county. II
wore called upon TO state tho greatest Re-
sources Of all possessed by our infant stat
Of Montana. l should say it lay, not in tn
possession of millions Of gold, in the sand
Of our Yive,s. or its tons OF precious silvs
ia our mountains: but rather. in the In
tegrity. ability. and untirina energy of th
sm all band Of dets mined men who inhabi
il and conduct It's affairs.
In conclusion. think We are justified II
say ing, judging from p osent appearances
that affairs in Montana will settle and ad
Just themselves within a short time to neV
and better condition. Business entsrpriss
and individu ual expen ditures will be bette
system atized and more economical. Tha
there will be o shriukage and rsadjustmen
of values does not admit OF q doubt. bu
st the same time it will not be a. great a
in many other sections of the country. be
cause, owing to the dive sisy of INTEREST,"
and the small amount Of population. ther
operations or property. II may be ths
certain village lots, or the rent O.
certain buildings have bsen high. or th
price of produce excessive in some locali
, ties, but these are trivial matters. which il
no sense Approximate what would be ,lle'
. the BOOM ovder. Bank assets may b
tenn poraElly shrunk somewhat. but in th
| main ! see no reason TO apprshsnd TN
excessive losses by reason of the recen
:. distur Dances, either to the local banks {
! to tho peo. ls who have loaned money o
! our securities; for il must be remsmber .
shat no such line Of enterprises aha lars
a volume OF business as has been sstablishs
! and is being conducted In Montan
could be begun, developed and mail
tainsA upon ths money Of our own peopl
And nlshough believe the great bulk
the reopls of the state. taken ns individual
), are far less in debt than In most other 80
. |. tions Of tie United States, still We have
:. Day on, tribute to the snst in the way of :
~ turns for money loaned 10 carry on Il
y building OF our railroads, develop our gre
!. mines. construct cur large irrigating ditohe
fand to furnish our towns with water work
. strcet railroads. eloctrio lights. gas. tel
= phone aud teleR, aph service, which anS
). common and universal throughout u
towns Of Montana a. they a's in cities
tho east having = hundred times the pop'
;. lation.
:, WILL STOP THE SCRAP.