Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1893-08-22

by repeal of the legislation which
prepared the way for the war on
silver; by the establishment of the
bimetallic unit, and by the restora-
ton Of flee coinage alike to both
metals. This is the straight and
narrow way" the only logical way
to realization of honest bimetal>
lisn, and the restoration of the value
and the parity of silver.
Is it not reasonable to suppose
that reversal of the legislation
which brought about this result may
restore the value much more rapidly
than it was lost?
We want honest dollars. The
present gold dollars are not honest
dollars. Within the past twenty
years they have increased in value
out Of the loss on silver. The re-
storation of 'bimetallism, theoreti-
cally and practically, is to preserve
the old yard stick Of value against
the revolutionists who have added
40 per cent. 70 the length of gold by
the legislation OF the past twenty
years.
The gold dollar is dishonest dol.
lar to the extent that the metal in it
exceeds the mean value of gold and
silver. The silver dollar is a dis.
honest dollar to the extent that the
metal in it is less in value than the
mean value Of gold and silver.
Our government is at last brought
face to face with the danger to itself
from the abnormal demand for gold
which our monetary legislation has
been the principal agent in produce
ing. All the nations, We hear. are
scrambling for gold. 1t has risen
constantly in value. 1t is rising
now, and the failure to restore the
"parity" of the two metals by the
restoration Of honest bimetallism
will be the signal for a demand for
gold that will send our Secretary to
be borrower, beggar for money.
and 6 manufacturer of debt for the
country that refuses to use it's own
resources.
Let our government use its in1u.
ence to place silver honestly on an
equality with gold for use in the
United States alone. Free coinage
and equal legal tender potency for
silver would be the 6rss step to check
the use OF gold and the scramble 70,
it. lncrs ase the use and value of sill
YER and you decrease the necessit, |
tor gold. The increased demand 10,
gold is tho result Of legislation under. |
mining the former potency OF silver.
The enactment of tho bimetallic uni,
and free coinage of silver will bring
down the value OF gold and raise the
value OF silver. They will meet half
way. 1t has taken twenty years to
depreciste silver to its present price.
The length Of time it NAV take to
bring back the old parity in other
parts OF the world cannot be fcreseen,
hut the policy Of honest bimetalIism
would be immediate and most healthy :
in its effects on al productive indus.
tries in our own country. The writer
also believes that the momen. the
United States adopts the d uble
standard, discussion will be renewed
among oil civilized nations, which
will result in the universal
adoption OF bimetallism. A recent
speech OF Lord Bslfour.. late prime
minister OF England. indicates clearly
that other nations are hoping TO, our
action in this direction. Surely We
Who have . stronger interest than any
other nation 10 sustaining the value
Of silver. ought to take the initiative in
our own behalf. 40 International
Monetary Conference can only be
asked for With selfresp.e, when the
United States shall have shown o,he,
nations that she has tho courage to
act for herself 10 her owo interest .