St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-22
HERES Y's BREEDING GROUND

The arid plains OF Colorado ace said
to be the breeding grounds of the Rocky
Mountain locust. which gradually in
creases in numbers until Overpopulation
cOmpels it to swarm, when 1t flies east
ward and devastatGS the fertile fields
of other states. In the world OF eco
Monies. Ohio seems to DE the spawning
ground of erratic financial ideas. which,
rising there, spread over the country
and unsettle ideas of sound and honest
money.
1t was in 1868 that tine Ohio idea Of
finance arose. which had for its base the
fiat of governments to print money on
paper and declare it to be money. The
greenback idea. originating there, spread
over the country at a surprising rate.
and t1uurished for about ten years. and
disappeared with the resumption of
specie payments in 1879. AT that time,
Allen G. Thurman, then United States
senator from Ohio, while deprecating
the Ohio idea, bowed his head to 1t in
submission to the decree of his party,
and. while not fully accepting, did not
fully confess the heresy.
There is Il hereditary fitness now
that his son, as chairman of the OhiU
Democratic executive committee. should
ignore the strong minority in the Demo-
cratic convention of that state, ana issue
a prOnunciamentO of twenty-one para
graphs, each containing false state
ment Of facts or an unfounded aSsump-
ton, supporting the demand for free
cuinage at l6 to l. The fundamental
basis of his doctrine is stated in the
seventh paragraph of his creed, where
he says. "nothing is money until the
stamp Of the government is placed upoa
it,
II this is true, then the advocates of
the free coinage of silver are urging an
extravagant material for money. Why
should 50 cents worth Of silver he taken
and stamped dollar when paper OF a
fractional value of a cent can be SINH
larry used? There is the same jarg0n
| about the appreciation of gold that we
| hear in all the free coinage utteranceS.
We have repeatedly asked the advocates
| of free coinage why, il this is the case.
they do not demand that the number of
SIdlilS III Guo SOiu COiii NC uiiiiuiohSos
SO as to bring gold down to the value of
silver, which they claim has been stable.
This is the only logical demand to
make, and the fact that they do not
make 1t, but insist upon advancing the
price of silver. shows the inSincerity
| and the selfish motive that are back of
the movement. 1t is simply the desire
| of the producers Of silver ore to advance
| silver to its former station of Sl.29 an
| ounce.
| Unable to carry this as a proposition
on its naked merits, they have re5orted
to the tactics of the OBSERVATION-DISCLOSURES
try to cajole the wage earners into sup
| port of their party by the claim that
protection increases wages-and are
trying to make the producers OF the
country believe that the fall in prices
| of commodities is due to the diSuse ol
silver at the mints and higher prices
would follow its restoration TO free
| coinage at the former ratio. They thu
use the gullible voters to rake thei
cnestnuts from the Goals, just as thu
protectionists have used and are usin!
the wage earners OF the country to ge
their chestnuts out of the fire. 1t is no
complimentary to the general level oil
Intelligence i'll either case that SO man!
dupes are found who accept as economi
truths these sophisms of selfish ant
rapaciOuS interests.