The DeLamar nugget. [volume] (DeLamar, Idaho) 1891-1900, 1894-01-13
How the Wave of Prosperity Rolls

The wave of prosperity which some
months ago was only held back and pre-
vented from sweeping over the length
and breadth of the land by the "damn-
ingn influence OF the Sherman law, is
nov spoken of as being blessing which
we are going to enjoy sometime In the
dim and distant future. 1t is thing OF
the tsweet by and by.n When the job
in hand was the repeal of the Sherman
law, $50. 900 in gold coin could not be
shipped to Europe from New York but
howl was raised by all the Shylock
organs that that terrible law was driv-
ing the gold out of the country; now,
however, when gold is sent away at tho
rate of two or three millions week, it
is all right-"the gold goes TO Germany
because a higher rate of interest can be
obtained there than here" Here an
other piece of Shylock humbug is sx-
posed. 1t was preached TO the people
that with the repeal of the Sherman
law there would be seen great rush of
gold TO this country from Europe. Well,
the law is repealed, and the gold of this
country goes TO Europe for the reason,
as the New York goldbug papers them
selves say, that higher rate of interest
can be obtained there. That this should
be so, and that higher interest can be
obtained for money in the Old World
than here in the new, where vast areas
of wild land remain to be reclaimed,
where thousands of resources are await
ing development, where all manner of
work is still to be done and inDumerR-
BILE enterprises pushed, shows the rot
tenness of the presen; monetary system,
the paralyzed condition of our indus
tries the stagnation of trade and the
utter decentralization of property values.
Enhanced gold causes such steady and
constant depreciation in land, buildipgs,
business, and holdings of all kinds, thar
no one will invpstiD them. Why should
any one put gold, which is appreciating
at the rate of 2 per cent year right
along, into property which is annually
depreciaiing at the rate Of Q per cent
The whole country is in q condition
of congestion and siagnation. No one
will make Improvements which, when
completed. are worth lsss than the
money put into them. For the same
reason no one wishes to reclaim lands
or create property of any kind. We are
being even worse cinchsd than are the
masses in leading European countries.
Thers.they, as rule, have brought o
bear upon them only the squeeze of dear
gold. Here, in addition to that, we are
looted by The cornering and mauipula-
ton of Shy lock money trust largely
composed of English, Germans and
other foreigners, who go for all that can
be squeezed out of the country, and care
nothing for property values, the pros
perity of the poor people at large or the
progress of the Nation. In working
their game they haye produced such de-
probation of property values, demoral-
ization of the productive industries,
siagnation of trade and congestion OF
every line of business, that instead of
any money being invested here it is be-
ing cent back to Germany and other
European countries. This is the kind
of prosperity the repeal of the Sherman
law has brought-this is the great Shy
lock boom.-DAN De QUILLE, in Salt
Lake Tribune.