The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1895-07-25
MORE ABOUT CURRENCY.
r. F. Roberts Gives His Ideas on the 16
to ! Scheme.

anu 6lUu0I QGSlSuGu vi 1unOOOAoAJ
misleads them. If Coinn can make
the people believe in the reality Of the
bugaboo, demonstration, and that our
recent panic with all its attendant Ills
are its offspring, they will readily fol-
low MIN into the ditch of Is to /, and
perish with him in its mire. This
word, demonetize, has been coined to
scare people, especially the laboring
man who cannot find work and who is
suffering because his income is short
ened or entirely cut off. There is more
silver money today in the United States
than ever before in its history, and
more is coined than can be gotten into
circulation by any business method. IT.
will not be amiss to repeat some OF the
important, striking causes that are de-
clared to produce panics, and that have
supposedly produced our present panic.
It may be that no one has sufficient
knowledge or wisdom to state authorl-
tatively the one specific cause of panics.
It would be safe to say they are not the
product Of any one cause. | will here
state some of the declared causes or
forces that produce financial crises and
panics, viz: Over-trading; too large
use Of credits; failure Of great enter
prises to produce expected profits; the
payment Of too large interest on money
borrowed to use in business, manufac
turing and in carrying on stupendous
enterprises, like the building of rail
roads and canals; republican legisla-
ton; democratic legislation. Each of
the first three reasons would require
lengthy paper to make any fair or sat
isfactory examination. The last two
nearly or equally as much. AS soon as
the panic struck us after the election OF
Cleveland, how universal among re-
publicans was the cry, " democratic
panic" =" democratic times" I" THE
prosperity Of the manufacturing indus
try is blighted by democratic legislation
against the Mckinley tariff, The
large army Of independent voters who
had felt the relentless grip of the eX
cessive taxation of the Mckinley bill,
and elected a democratic congress and
a democratic president, joined the hue
and cry Of the republicans, down with
Cleveland, away with him, and release
unto us William Nc. Now William was
a robber. The country is recovering
from the panic, labor is finding en-
ployment, old time wages are being re-
stored and prosperity is once more
dawning upon US
Before a republican congress can
consider any question Of legislation the
full tide Of prosperity will be upon us.
Recovery from the panic is just as GER
tain as the rising Of the sun after the
night. Men suffer, and labor and wait,
and slowly and surely prosperity re-
turns. To go back to 16 to !" Coin"
invented the bugaboo of demonetiza-
ton, ard showed it before the country
as the cause of our panic, and has
made more money out of his show than
P. T. Barnum did out of any of his
notorious humbugs. Here are some
facts. The country has experienced
two decades of prosperity since 1873;
The panic has come and will have
gone. We shall be on the full tide of
prosperity before congress could begin
the discussion of I6 to l. 1t is self
evident that the act of 1873 could have
had no effect in producing the panic.
1t is just as plain that other great
forces sufficiently well understood and
comprehended, have produced the
panic and have been producing causes
or contain the elements and principles
that have produced all the panics and
business disturbances of modern civil
ization.
The people are studying the question
of free silver coinage at the old legal
ratio, 16 to /. They are studying into
the forces that have produced our re-
cent panic. In the end they will dis
cover and apprehend the true causes.
And when they have done this they
will find that the act of 1873 had not
the slightest influence in producing our
present panic; and that I" Coins" bug
aboo of demonstration has not as
much substance as a pair of old trousers
stuffed with straw. A thorough study
of the question will bring the people to
see that the free coinage of silver would
only result in new disaster. This is an
era of education. We are beng COM
PEELED to study of important political
questions; compelled to know and
understand them. Compelled to vote
intelligently, knowingly upon them.
Before another general election occurs
the masses will have used the oppor-
tunity of studying the question in all
its aspects, of Analysing and dissecting
free silver coinage, and they will be
able to define it with exactness.
believe they will define it as the SUI
preme initiation scheme of the centuries
r. F. ROBERTS.
Woodwork. Wis.