The Meeker herald. [volume] (Meeker, Colo.) 1885-current, 1895-06-15
TALKS TO THE POINT.
EX-SENATOR FARWELL FOR
FREE SILVER.
Tho Fall of Rome Was Duo to the
Concentration of Redemption Money
Americans Must Soon show Their
Patriotism or Go Down.

Gold monometallists appeal to the
4 law OF supply and demand as the con-
elusive argument against bimetallism,
and say none but fools" are in favor
of such an unscientific statement as
that law can create value, even by
making an imperious demand for an
| article. When men are without argu-
ments opponents are always fools"
Our constitution provides, however,
That the government of the United
states alone has the power to decide
"nat Shall be money, and all govern
4 ments that have made any history
worthy of imitation have exercised
that power, and in doing so have made
the most persistent and powerful de-
mand that could possibly be made for
the use of both the precious metals as
money for centuries.
This demand (created by the law es-
tablishes the value, and that demand
Tor its constant use creates the condi-
tons of stability. Intrinsic value, in
is last analysis, is the cost of produc-
ton in labor, and governments have al
ways taken this element of value into
careful consideration in selecting both
| gold and silver at a fixed ratio for
money use, and yet anyone at all con-
Versant with gold and silver mining is
| aware of the fact that the cost of silver,
\ in labor, has always been more than
| gold at 151a to 1. But law having fixed
! that ratio as a legal tender for all pur-
poses Of exchange (Which is really sci
entific), gave us the combined volume
| of both metals as the one stable stand
| ard of measurement for all exchanges
of property. Silver, before it was dis
| carded, was the dearer of the two, and
| the supply of both has never been suf-
| ficient to meet the demands upon them
| for money uses. Who, then, are the
| fools and who are the knaves, with
such condition of things, in asking
any government to repeal the written
and unwritten law of nations, which
| had worked out nothing but the best
results in trade and commerce for cen
| turtles, and thus strike more than one
| half the money of the world out of ex-
| istence and then claim that there is no
| demand for silver, because. forsooth,
its overproduction had destroyed its
| value, and in the teeth of such law Of
| their own making, which destroyed
| the one overmastering demand for it?
Was ever brazen-faced ignorance or
| duplicity more brassy than in charg-
| ing bimetallists with folly in maintain
| ing that the geometry and geology of
| finance and trade relations, established
| by ages of prosperous experience, are
not scientific, when the exact reverse
has been proved in practice? Who are
the broad and who are the narrow?
| Who are the theoretical and who are
| the practical-those who claim that
| SO, SOC, OOO, 900 in gold alone or those
| who claim that $4,000, 100000 in both
metals will by common legal consent
best serve the world as the money basis
of it's immense and ever-growing com
merce?
1t would seem to me that these ques-
lions need no scientific university pro-
fessor to answer them so completely
as they answer themselves, and yet
claim that the majority of such writers
on political economy on both sides of
the Atlantic dare not challenge the
practicability of bimetallism, nor its
utility either, as the best solution of
all the difficulties which legal ard
worldwide gold (so-called scientific)
recommendation has engendered; even
If we had no history to enforce the
proposition with its unanswerable ar
guments.
London Is today the financial clear
ing-house of the world. Will anyone
claim that her bankers have had an
easy time with this altered law of sup
ply and demand, since silver could not
play its usual part in effecting ex-
changes? If so, why have the govern
ors of the Bank Of England, for the
last two decades, at least, been adyo-
Gates of international bimetallism?
They certainly are in position to know
why they held such opinions when the
Rothschild class opposed 1t. England's
representatives at the monetary con-
ferences were all in favor of 1t for other
countries; even the Rothschild class
believing that with such support 1t
would only faiD, because the unearned
increment of their gold securities was
netting them more than the annual in
terest. Reason enough, surely, TO nave
the supply and demand kept so that
they would be thus served. Who fixes
the demand and the supply when silver
is legally ruled out of the equation of
exchanges? Government or the laws of
trade? Will our scientific quill-drivers
give us some lucid arguments on this
question and let poor Coin" and his
school" rest for a few weeks at least?
He must be tired, as well as some OF
us laymen, over fruitless theoretical
and scientific statements, without solid
facts to sustain them. If the learned
inouisition which some journals have
scientifically set up to immediate silver
on the altar of England's selfishness
and greed will fairly discuss such real
and burning questions as would give
A fair verdict. instead of the assumed