Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-11-22

parity with gold, and if to-day. meas
ured by every other commodity save
gold, its purchasing power is as great
as it ever was, there certainly has been
no over-production OF silver.
Will Democrat" answer us this one
questions: If Goldbugs give their hon
est reason against the free coinage of
silver when they say they are opposed
to it because the metal has deprecated
in value, why did they demonetize it
in 1873, when the silver dollar was
three per cent. premium over the
gold dollar, lin the markets of the
world?"
Gold is not the established standard
of any civilized nation. 1t is the es-
tablished standard of the house OF the
Rothschilds and other money barons
of Europe and America, but it is in no
sense the money of the people, and is
never likely to be. Did it ever occur
to Democrat" that the world is now
doing business upon a basis of from
ninety to ninety-five per cent. credit,
and that there is only from five to ten
per cent. cash with which to redeem
it's credit obligations? Has Democrat"
ever suspected that the gold standard,
to all intents and purposes, is a fiat
money standard; that if the paper and
silver obligations of the world were
presented for liquidation there would
be nothing to pay with? Has Demo
crat" ever heard that there is now be-
ing formulated a banking system by
which fat money of the banks is to be
| substituted for 4 treasury notes, silver
and national bank notes? The fact is
the banking institutions of the world
intend to keep the money market in
their hands, to be controlled in their
interests. totally regardless of the
| interests of the people. just as the
manufacturers intend to keep the
market of manufactured articles in
their own hands, to be controlled in
their own interest, regardless of the
people. There is nothing that the
banker breads so much as stable and
constant supply of money flowing into
the channels Of commerce that he can
not control, and which will destroy his
monopoly, just as there is nothing the
manufacturer breads so much as con-
slant supply of goods that he cannot
control flowing into the channels of
trade to supply its demands, thus de-
priving him of his monopoly.
Will democrat" explain to us what
dire consequences will ensue to our
foreign trade from the free coinage of
silver? 1t seems to us that those with
whom we trade would get all the sill
yer they could lay hands on to pay US
any balance they might owe US, and
that IN case the balance was the 9TH
er way they would still take our silver,
knowing that they could pay it back
to US again.
Our friend urges that the profits of
the silver mine owner are unholy, and
that he should not have the privilege
of turning the product of his mine in
to current coin. Why should the own
err of gold mine be allowed this priv
ilege when it is denied to the miners
of silver mine?
In conclusion, we say that silver has
not deprecated, and those who make
this statement either have not exam
ined the facts or do not care for the
facts. If it can be proven that silver
has not deprecated in any preceptible
degree. as compared with other arti-
cles, the bottom drops out of the posi-
ton of the worshipers of the golden
calf. We may have more to say on
this matter next week.