Daily independent. [volume] (Elko, Nev.) 188?-1915, 1894-03-17
TIE SILVER SITUATION.


Philadelphia Evening Item, winch
claims to have the lHrgeet circulation
Of any evening paper published in the
United States: So. -
A small revolution 10 rapidly tax
ing place in the minds OF the more
conservative merchants and manu-
facturers OF this country on the sub
jeot of bimetallism. They arc begin
ming to realize that the affairs Of the
world cannot be oarris.l on by gold
basis. ~ :. F8'"' =. '.'.' D.
Mr.. Gladstone's resignation in
England has greatly strengthened
tho cause of silver in that country,
aud Germany Is about rs anxious
for a change a. the spinners Of Eng
land.
There is only one class in this coun-
try and abroad who still adhere tooth
and nail for the exclusive gold stand.
ard, aud that ia the Rothschild "ring"
and their supporters.
This "ring" undoubtedly has pow
erfuI influence with the gold basis
governments of the world, az was
witnessed in the recent silver con-
ference in Europe, where they had
pretty much everything their own
way.
But the merchants OF the world,
outside OF this "ring." are beginning
TO see for themselves that there is no
money for them in orampinR business
toto a channel that is forever fraughi
with peril to all industry because OF
the narrow basis on which the goldites
rest their claims. .
They are also beginning to realize
that there is less '.crankism" in the
oliver movement than they had by
the orRans of the Rothschild "ripg"
al along been led t. believe.
Then there is hardly single mer-
chant who does not now ses that, IL
silver goes on dropping as has been
the case up to date, that wheat and
cotton, az we'll as the allied cereale
and products Of the country brought
into competition with the silver
COUNTRIES, are in a condition that
might properly be called q bottomless
pit.
No secret 10 now made on the ex-
changes that every cent decline in
the quoted value Of silver means a
proportionats decline In the price Of
nuentianed products. $685..
aurh q consequence, sufficiently
long continued, meana ruin and star
vation to tho growers and producers
Of these producta, who oeing deprived
of a proper income for their labor, are
rendered powerless TO buy supplies
from the mills and manufacturers, az
we'll as inability to transport goods
on the railways. .
The farmers OF the country are in
pretty bad straits IA thiDRs are. and
to make them worss by a still further
decline threatens revolution in one
form or another.
Because the farmers who compose
90 large a proportion of the popnla-
ton OF this country will not allow
themselves to starve, and is they can
not now mako a living legitimately,
it ID not for the public interest to
drive them to extremities.
Gold is again being shipped abroad
which, in its turn. forces the fact ON
public attention that this country,
while on q gold hasis, is playing with
fire, There 10 no security to trade
that ID founded on o margin OF re.
deema6ility that Ia less than five per
cont OF tho demand obligations a,
any one moment Of time; yet that ia
just tho situation this country 10 TO-
Aud, what 10 worse, foreigners can
At will, deplete the treasury Of the
United States Ut what little gold |,