People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1893-08-04

try or develop its resources TO any
great extent The production Of gold requires
comparatively cheap and simple processes
while the yield is usually out OF all proportion
to the amount OF labor and capital expended
On the other hand, silver mining has become an
established industry, its production has devel-
oped and peopled vast area Of country COM
prising whole states. 1t is permanent IN char
acter, it requires skilled labor and vast out
lays Of capital TO successfully engage in it
The processes Of extraction and reduction Of
ores are costly and difficult II calls into ex-
istence all other forms Of industry 10 support
it. 1t builds up communities, makes towns.
cities and even states sustans millions Of peO-
pie, gives tra.tc to railroads and pours stream
Of pure wealth into the channels Of commerce
untainted by suffering and unstained by greed
We therefore maintain that the only way to
ascertain the true cost Of the production OF
both metals is 10 balance the total value Of all
the time and labor employed in producing
them against the total value OF the combined
product And we see that on such a basis
every ounce Of silver, as well as every ounce Of
gold, costs more than its statutory value and
that these pursuits are largely followed On &C
count OF the prizes and hazards Of fortune
which are so captivating to the disposition Of
mankind We also say further, that if the fiat
value was taken from gold, it would be worth
but little more as a commodity than silver
Demand More Money.
1--WE iterate the oft repeated but always
true proposition that there is not enough gold
! in the world upon which TO transact the worlds
business, and while the trade and population
are steadily Increasing the gold available for
Coinage is steadily decreasing. The truth Of
this assertion is borne out by the panic now
upon US There is plenty Of everything in the
world but gold. and everything is cheap but
money Tie gold is boarded, locked up in the
vaults and. treasure boxes Of the country
while property Of all forms is rendered value
less, and checks and drafts no longer perform
their accustomed functions 1t is the know.
edge that gold is scarce and insufficient in
quantity that leads 10 the scramble for it
among the nations and individuals, and it is the
Withdrawing and boarding Of it that brings
panics- And in this connection we call atten-
! ton 10 this important fact, viz That at least
40 per cent Of the entire gold production of
this country is the by-product OF the silver
mines, so that the closing Of the silver mines
would reduce the amount Of gold available for
coinage to this extent and thus further in.
crease the danger and distress arising from q
scarcity Of gold.
Sherman Law Wrong in Principle.
1--WE concede that the Sherman law is wrong
in principle because it degrades silver into a
mere commodity to be buTeted about by I'M
principled spectators. At the same time the
treasury notes issued under the provisions OF
that law have been Of inestimable ben
! eht in increasing the circulation at critical
time and thus preventing disaster.
10 repeal this law Internationally would be
to destroy silver forever, and would be playing
directly into the hands Of the advocates of
single gold standard, and contracted cur.
rency. 1t would be the cruelest blow ever
struck at the rights OF the great mass OF the
people. and particularly at the debtor class, for
1t would enormously increase the purchasing
power OF gold, and correspondingly lower the
value OF all products and every other form of
property. The Sherman law was never IA
I vored by the advocates Of free silver coinage,
but, bad as it is, it is now all that remains be-
tween the desires of the gold standard men and
the cOnsummaton Of their selfish ends. and
must be retained in the interest OF the common
people until something better is conceded in its
| stead
Favor Both Gold and Silver.
ave are in favor OF both gold and silver as
| money 10 be coined upon equal terms at the
ratio OF l6 to l. This is the money which the
fathers OF the republic beQuelthed TO us. Its
the money Of the constitution For eighty
| years We thr,ved and p-Ospered with this cur.
rency It was destroyed at the dictation Of
England and Germany through their agents in
this country and in the interests Of the creditor
class those with fixed incomes and Gnnuities.
! WenOv demand that it be restored again 20
the place where the fathers left il, in the inter-
est Of the whole people.
The constantly repeated charge that the sill
yer dollar is cheap dollar is SO manifestly
illogical and absurd as TO render it unworthy Of
notice among intelligent people. There are no
cheap dollars A silver DOLLAR will purchase as
much as gold dollar or any other kind of
dollar. Equally untrue is the statement that
the government has lost money upon its silver
! purchases, because Of the depreciation in its
| price. The facts are that the government has
made profit amounting to more than 500 00O,-
| OJO on It's silver purchases under the Bland and
Sherman laws being the difference between
the market and coming value And this prof I
has gone TO the credit OF the people because
with it the government has paid its current ex-
penses and obligations and all their silver,
either of itself or by its paper representatives,
is in circulation to-day, bearing the burdens of
trade, performing the functions Of money,
while the gold is locked up in the vaults of the
money kings 1t is gold that is boarded, not
silver.
Great Britain Blamed.
1--WE are filed with great and Just indigna-
ton that our country, OF which we are so proud,
strong In its credit and wonderful beyond ex-
preston in its rich and varied resources, is yet
so weak and unsettled in its financial system
that England can in day, by the dishonest
manipulation Of the currency of far-of India,
bring upon the people Of free America panic
which, without moments warning, transforms
happy and prosperous people into communi-
ties OF comparative paupers Such a condition
| is humiliating beyond words to convey. II is
destructive to the pride and faith which as
loyal citizens we have so long and dearly cher.
ished in our government We warn those in
this country who are waging this unjustidable
wei oh SAANOl - ulJAci ludl lutl are CdSkluS
boomerang which will return TO crush them.
They may destroy the property Of great and
growing section Of our country and bring pow
erty and suffering upon some millions Of their
fellow citizens, but the return tide will carry
with il hundreds Of millions OF securities in
the form Of railroads state county, ana NUM-
eipal bonds, made worthless by their narrow
policy and selfish greed The signs are not
wanting 10 prove the truth Of this assertion,
even thus early, and. unless the gold contrac
tionists are defeated in the coming session OF
congress- We believe that within year there
will not be a railroad west Of the Missouri
river thatw not be in the hands Of receiver.
Last Appeal for Silver.
"One hundred and seventeen years ago the
patriots OF the American revolution gave TO US
our independence In framing the laws and
laying down the principles which were 20 gov
ern US, they sought no counsel and asked no ad-
vice from their enemies Relying upon their
own splendid courage and wise craftsmanship
they inaugurated system of finance based
upon the worlds previous experience and upon
equality and justice We ask that the present
generation Of American statesmen follow their