Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1894-01-23
MORE VOLUME NEEDED.

The great trouble with the men
who discuss the silver question ana
its bearings upon the financial pros
pertv of this country, Is generaiIy
the utter failure of those people To
understand the significance OF money
of ultimate redemption. 1t IS COM
mon to hear people say: There
never was so much money III the
country as there is to-day. Inc
trouble is it is all concentrated III the
great Eastern cities and there must
be something done to change the
present system and make that money
available. They viii not see that
what they are talking about Is not
money at all, but merely, i'll its dit
ferant forms, substitute for money
and the reason there is no use tor II
is because property, the prices OF
which are regulated by the amount
of real money, is perpetually falling
and the men dare not make invest
ments. Some say that of course II
we could have free silver coinage II
would stimulate industries III the
West exceedingly; that they under
stand that, but the good of the whole
country is what statesmen and legs
lators have TO look to. When 1t Is
explained to those men that they
need silver more than We do, they
will not see it. There seems to be
instantly an ALTERATION Of then
minds when they are told that 1t Is
not the amount of paper promises
to paw that the Government has put
out which represents money, but II
is that which will pay debts of al
forms and which does not rest on
anything else but itself for redemp-
ton, 1t is that which regulates
prices. The volume of such money
is what gives the price of wheat ant
Gotten and to the land out of which
the wheat and cotton is gro 'n
Hence all the money there IS III tn
country is the pitiable supply OF gol'
money. The Others are mere make
shifts. to use as a convenience, tn
same as a man uses a check on
bank. Could silver be monetlZe
and be given that old attrlbut
which was originally its own, IN con
junction with gold money of ultl
mate redemption, then bushes
would not only start up in the Yves
but prices would advance in the Eas
until those men who have the none
boarded up in the great cities, woul
be glad to change 1t for property
which promised to be worth more
wear hence than is worth to-day
When, as now, money gets to b
worth so much more than property
necessarily these men who have tn
money will loan it on gllt-edged Sc
curities at almost 40 interest, or the
will lock it up in the vaults of bank
or fe-deposits rather than to tru
it in business at all. That Is ii
change which is required. The III
gent necessity is to increase the vol
ume, not of promises to pay, but
that material which any man ca
take to any place in the country al
with it pay his debts. When tn
comes there will be a transformation
So long as the bondholders and tt
bankers of the East control Il
financial policy of the country,
long will there be stagnatlon, col
pestion and infinite loss in the coul
try; Just so long the best laborers
the country will work without T.
ward. That those cannot see that
would be for their benefit, as mu
more than for the benefit of the pc
as what they possess is worth me
than what the poor possess, Is I
strangest mystery of the age, L
truth is the edict comes from t
Rothchilds beyond the sea and
small bankers on this side slml
echo the cry and will not use tn
own brains to judge whether wi
they are advocating is good sense
not.-Salt Lake Tribune.