The Helena independent., 1894-10-05
ISSUE MADE ON SILVER
An Address Sent Out From Demo-
cratic State Headquarters
In Ohio
Tho Money Question the Supreme
One Now Before tho
Country
Effects Of Having the Single Geld STANDARD
Are Ably Pointed Out In tho
WAnIfsato.

COLUMBIA o., Oct i.-Ths following
manifesto has bsbn issued fIom democratic
state headqaartsIs BY the esnosrAtio exec
u'ivs committee 70 the voters OF Ohio;
Tive yssrs ago . great nstionsl politlcsl
battle vas fought upon two prihcipsl is-
SUES reformation Of arlf laws upon an
squi,abls basis and an sdjsstnsat OF ths
money question by ths restoration OF silver
10 its rlahtful power and funotions 40 one
OF shs nOnsy metals under the oonstita-
tion. During thls contest. however. the
issue OF tariff reform Was made the para
msuat one. BY the repeal OF the Mckinley
law and passage OF the Law now In feros.
tariff reform has been Substantially won.
and shs ,sx Of ,hs psopls especially upon
The nsosssariss Of life, have been very
nssh reduced. and their opportunities
thereby ealarged. In sli possibility there
will net bs smother general revision of The
tariff for yssrs 10 come. Time. however
will undoubtedly susass, changes that
should be made. and sdditiessi legislation.
guided by wise statssnsnsAip. will see that
this 10 done.
''Ths money ousssion. therefore, 10 nov
the supreme Issue before The esunsry. The
Importance OF The question whether silver
shall bs restored 70 I've full money pevsr
osnnss be ovsrsssinstsS. bsesuss II effects
svsry interest," great snd small, from ths
slightess sonssrn Of the Individual 10 tAe
largest and most ssnpsshsAsive interest Of
The nation. Especially dsss II sffsst those
who are engaged In as,ivs industrial pus-
suits, for upsn its proper solution depends
the question whether thsif business shall
hs profitable or uaprsAtsbia This being
90. and also for the reason that so many
misrspTsssntations ana misstatsnents
have been made By shs gold advocates In
regard 10 II which are fals-. vs invoke the
serious and insslliRsnt eossids,asion Of
voters Of all parties 10 ths following,
Tint that msnsy 10 ths standard By
which the sxehaassssls value Of oil labor
mined.
Second. thas notwithstanding sAs ssssr-
zion Of the single aols standard advsoAiss
that gold 70 the usvaryiak mcclure. no
money standard has ever been nor oan ever
be hxsd and unvsryiae measure.
Third. business men must rsmsmbsr
that money may b. appreciated In value ~
we'll as deprseiated.
Fourth, that when II appreciates psicss
fall when 10 dsprsoiatss prices rise.
''fifth. that ths valps of money Itself 10
nxed By its sxehanRsabls OF purchasing
power over other eem n oditiss, and this
purohasinR power Of money Ia dstsrnissd
wholly sHd solely By the proportion that
the quantity OF money In ciroalation bears
10 Other commodities. In other words
whom the supply OF money 10 ei oulstion 10
small relative TO ether com nodities, lie
purchasing power 10 tnsrssssdi when II 10
great Its purchasing lover 10 dininishsd.
That ID, the valus or Purchasing power of
money 10 governed BY the ssppy OF money
asd The demand for mensy."
The address proessts By paragraphs
numbered up to twenty-five 70 suppsrt the
foregoing proposi,iens and continues:
The demand for money 10 inossssnt. This
supply is the creation OF the RovsInmsnt.
In tho United States and western Europe.
before the decentralization of silver In 1873.
the worlds supply OF gold and silver
amountsd 70 S7.600. 600 0o0. very nearly
equally divided. Gold IA the money OF re-
demption now. The supply has been cut
Ia two, causing Q fall In priess."
After reviewing In detail the cause as
signed BY business men for the continual
decline in prices. all Of which are pro.
nouaosd insuffisisnt and ntradistory. the
.ddtsss says "rhis decline 10 going or.
when a fall OF Trises is found operating on
not one article or class Of articles alone,
bus on all the prod sets Of all industrisls
when found not TO be confined 10 any ono
climate, country or race Of people, but 10
diffuse itself eyer all gold standard osun.
tries; whom 10 10 found not 20 be character
isiic Of any one year. but TO 60 on progres.
aivolT for series OF years, 10 becomes
manifest that IL does not and osnnot arise
from laeal. Temporary or subordinate
eaases. bot must have iss origin and devsl.
osmsnt Ia some principle Of universal
application.
"Ovsr production osRnot account for IL,
for production means the creation OF
wealth. Wealth can be created In NO other
way, therefore, II over production 10 the
esuse, you aan eTcAto 800 muoh vsslth,
which is the same thing nH TO nAy that
wealth ID not wealth. Neither eau II b,
attIihutsd to improved mechanical devices.
progressive manufactures, improved trans.
por,aiisa. Inventions. banking. eto., be-
cause all OF these increased relatively Eu
rapidly for twenty years prior to 1873 a.
they have done since ard for twenty years
prior 10 1873 there vss no sush fall In
prices as there has bssa since, but on ,hc
contrary ths,s Vas n continual riss. Be-
sides II 10 very Strange that this fall began
setting In al the exact mOnsn, when the
link was broken between gold aud silver.
again, II 10 abeutd that 9 revolution OF
this character eeNld have affected gold 90
Seriously and should have lsft silver pTless
unaffected. Silver is the standard OF value
of moro than half ths world, aud where II
is the standard prices remain the same,
while IN all sold stshdsJd eountries prices
hAvs fallen 20 70 90 per esnL II this fall
10 due 70 Improved machinery there BY
cansinR ever pToduetiOn, how are We 10 Ac-
count Tor the fall In the yAluo Of
land; cs tsinly ths's has been no over
| D oduotion Of land. What then is IithA,
| has oauspa this general dsslins In ptiosa; II
has been btsughi about simply By uhrinh.
age IN tho volums OF Money relative "a
population ana businsst. II The value OF
money In circulation he made ~ boaI O
direct and STEADY ratio 10 populailob and
business prices will be maiatsined a. .
atssdy level aud what 10 OF supreme i'm
portanos. money will change lillls In
value"
The remainder Of tho address 10 devoted
10 citations aud Arguments