The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1894-04-30
A Mastery Exposition Of
the Question
Now Of Such Vital Interest to the People
Of the Great Republic.

canvass for the United Stntes senate
at Georgetown on Saturday, in q
speech that was wonderfully
strong exposition of the various
issues now confronting the Demo
cratic party. Particularly able was
Mr.. Chiffon in handling the silver
question. After outlining the leg.
islation leading up to the final over.
throw of silver as 3 money metal,
Mr.. Chiffon said:
All men are familiar with the
automatic truth that the money of
the country should be increased in
proportion as the business and pop.
ulation increase If the volume If
money grows less or is stagnant, or
expands inadequately, we see money
rise in value while property falls.
The quantity of money being
limited, the demand for it ls greater,
it will buy more labor, more land,
more cotton and more of other com.
modities. On the other hand, if
the volume of money expands too
rapidly it becomes less valuable and
men care so little for it that they
will not take it for other property
except at very high price. SO a
country always runs in danger when
the volume Of its money expands
either too slowly or two rapidly.
The object of true craftsmanship
should be to furnish just that de-
gree of constant expansion in which
the greatest amount of money can
be floated, each sort at par with
every other The Democratic adj.
vocates of silver coinage unquali.
fiedly repel the imputatlon that they
do now or ever have desired to
coin any money which does not
hold par value with all other sorts
of money in circulation.
AS the United States is now left
in hard competition with the other
great nations Of the world to re.
plenish its money supply with gold
and gold only, it is proper to inves-
tigate the worlds production of
gold, so that we can form some idea
of the chances of its distribution
and the character of the struggle we
must make to share it.
The officials of the United States
mint estimate the total production
of gold in the world for the year
1893 to be $140, 900, 600. How
much of this production can be
made available for coinage cannot
be accurately decided, but it is the
opinion of eminent experts, like
Dr. Soetbeer and Prof. Suess, that
the demand for gold for ornament,
for industry and for other purposes
which take it out of circulation Is
now equal to the new production.
The amount of gold used in den.
tistry, gliding and Matchmaking is
far greater than we would without
investigation suppose, and it is
forcibly illustrated by the we'll
known fact that there has beea
more gold mined in the last forty
years than the entire stock
of gold money on the earth today.
1t is certain that large part-more
than one. half-of the worlds in
crease OF gold is applied to other
uses than circulation. The remain
der, or say $40, 100000 worth of
gold, is to furnish the annual e1.
pansion of money for nearly all
mankind. What proportion of it
will we obtain, fighting for it, as we
must, with Austria, with France,
with Germany, with England, with
India. and with other nations? If
We obtained the same proportion as
our existing gold coinage bears to
the gold coinage of the world, it
would be only $40, 00o,000 or sl2..
900, 900 8 year. True, we can al.
ways draw it from the Golfers of
Europe by issuing interest. bearing
government bonds, to entail new
hardships on our people, but unless
we resort to self obstructive meth
DDS of that sort we will find our
gold coinage unsteady and ire.
quently brought almost to cessation.
Does any reasonable man believe
that the gold production can be re.