The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-06-19


of the policy Of destruction. The far
mer may have had no hint that there
was a better way to overcome the
scourge of rats.
These men have had ample warning
all along the lines of the contest, but
wise in their own conceit, and possibly
cognizant of the open record that every
facile and devoted abettor Of the great
wrong was surely to be rewarded (for
all in the cabinet or in the national
mint, or currency departments, who
have signally served that cause have
been rewarded by lucrative positions.
Charles Foster, whose private affairs
prevented such action)
They have sinned against light in
this work against the vital interests of
their country, for never were facts and
historical illustrations more eloquently
presented than those which the true and
tried friends of free bimetallic coinage
have presented in the greatest debates
ever held in legislative. halls to refute
the gold monometalist theories.
Utterly ignoring the wise words of
men who had spent their lives in the
management of international and do
nestle exchange, as given at the Brus-
sells Conference, and by. such men as
Mr.. Henry, Hucks, Gibbs and Mr.. Gren-
fel and ex-Chancellor Goschen, they
have betrayed their own ignorance
while betraying their country. The
plain truth did not enter their heads
that the whole theory upon which the
use of gold and silver (as money! rests
upon the unlimited use of natures sup
ply, which has never been excessive,
but which In at least two historic eras
has proved insufficient, to a degree,
that swept away an ancient and very
advanced civilization in one case; and
in another led to vast social evils which
were stayed by the discoveries of gold
in California and Australia
God help our country if fools or
knaves are to direct it's destinies:
These men, who professed fear Of
our not succeeding in Independent ac-
tion, have seen the destruction of values
and of hopes. They have admitted it
as not only affecting our own country,
but all others, and yet they glory in
their shame. For them facts amount
to nothing. They boast of having struck
the shackles from slaves, who at least
were we'll fed and had enough to do,
while they help to forge bonds which
are to hopelessly subject the people of
the world to their Molock of gold.
Knowing that no nation using metallic
money can dispense with silver, and
that three-fourths of the civilized world
have no gold money, and, that as the
late Edward Pierrepont said, "Sixty
millions of our own people never use
gold at ALL these blind leaders of the
blind refuse to see the light. AS though
if all silver and all gold being in I'M
limited demand some where, for money
1t could make any serious difference
whether this nation or that nation
should prefer to have larger stock of
the precious metals, one or the other.
If all nations, by public law, could
interdict the use of corn as human food,
it is plain that wheat would be in larger
demand and advance in price.
But if half the world should use no
wheat and use corn and rice and the
other half use wheat alone, the demand
for and the production of all would go
on.
It is a reflection upon the integrity of
American journalism that a question of
such vast Importance to our own people
and to the world at large should not be
permitted to be fairly and freely dis
cuSsed in those great vehicles of public
intelligence. But when it has come to
pass that open falsehood and misrepre-
sentation of principles and of statistics
wantonly presented and continuously
repeated, it is time that an indignant
protest be entered against such an I'M
American policy.
1t is persistently stated, for instance,
that silver is down because it can be
produced so cheaply now, and many are
led to believe it as truth
Certainly the gold advocates will &C
cept Mr.. Edward Atkinsons statement
RI hn of Gil II,
in 1887 to President Cleveland he in
cludes an address, which he delivered
before the British Association for the
Advancement of Science, and on page
13 we find these words on the produc-
ton of silver in our country: Which
product have cost us Tin the opinion of
the most competent observers, if re-
gard be given to the time and labor
which have been devoted to unprofit-
able mines and to the waste of fraudu-
lent enterprises, at least $500 in gold
value for every $1.0O of silver bullion
produced" Other authorities think
this estimate too low
Now we present over the signature of
the late director of the mint, Hon. E.
o. Leech, of the total product of gold
and silver for the world each year from
1850 to 1888 inclusive. AS it will take
the aggregate for the SO years in dol
lars:
OF gold. 81, 250, 1926 900
Of silver. ................ 1857 1926 900
1882, 400, 900
Here is an excess of the gold produce
tion of 81, 1922, 400, 900 since the period
when the whole world was practically
under bimetallic law. These are official
figures and convict the workers of in
EQUITY in their reckless attempt to make
the plausible story justify the mon
strous wrong of the change in the stand
ard of payment for the worlds enor-
nous Indebtedness.
In 1882 the first excess in the silver
product over gold occurs since 1850.
That was $9,S00,0O0.
A very important fact was presented
in the very able address of the National
Bimetallic Coinage Association in 1886.
Collating from the highest European
authorities, the worlds stock of silver
was in the year 1850 321z lbs avoirdu-
pois to Id. of gold, and yet the world
accepted the bimetallic law at the
French ratio, 151a to /. In 1885 so much
greater were the additions to the gold
stock that the worlds stock was re-
duced to 1917 lbs. to of gold.
In view of these facts the pretense
that the divergence between gold and
silver is due to the greater production
of silver is on par with Aesop's fable
Of the wolf and the lamb.
Not only is the truth withheld from
the public, but the movement for re-
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