Southwest-sentinel. [volume] (Silver City, N.M.) 1883-189?, 1895-05-14


because the silver man, SO called,
desires to restore silver as q money
metal, for he says silver is only
worth 65 cents on the market
without the demand from the
mints) he is ever talking about
sound money aud honest dollar,
tho silver Experiment., etc What
is sound money, and how are we
to Judge Of what an honest dollar
is? The sound money and an hon
est dollar is that which gives us
material prosperity and progress.
We we're prosperous and pro-
gressed rapidly under the law that
Az grains of silver or % grains Of
gold was a dollar, or bimetallism.
In 1873 silver was demonetized and
gold alone, or monometallism es-
tablished. We have steadily lost
ground until the present days of
depression are upon us. Thus it
appears that gold monometellism
is the experiment, the unsouud
money, and the dishonest dollar,
but it has brought US disaster and
nothing but disaster. Even Eng
land is today coming silver for the
eastern trade and still using it
herself as a subsidiary coinage.
She redeems her silver in gold.
Does she redeem the silver coin
she sends to the east in gold? In
point of fact the gold man has
nothing to advance as a reason to
continue on a gold basis except
his own advantage, while there is
every reason from the position of
manufacturers and laborers why
the total bulk Of money of final re-
demption should be increased, in
other words Why silver should be
added as money, and even other
metals if they could be of proper
quality and quantity. A money
metal should be comparatively
rare, not subject to ordinary at
mospherie influences, sufficiently
firm not to rapidly abrade in ordi-
nary money, use and easily coined.
Silver and gold alone fulfil these
conditions. 1t is said that labor
and the farmer should remember
that while to remonetize silver
would make their product more
valuable That at the same time
they would have to buy as well as
sell and hat in consequence they
would be worse than at present.
What is the truth? The above
idea is only a partial truth for
while it is true that they would
have to pay more for what they
buy, they would have more to buy
with, for while wheat is fifty cents
a bushel, the farmer can only use
a part of what he raises and has to
allow part to go to waste. With
wheat at a dollar he would have a
market for all of his produce.
For on a falling or a depressed
market he can only sell in part.
while his necessities compel him
to buy the same amount and thus
he is pushed to the wall. The
came fits labor for while he gets
more money per day and pays
more for his coat he works every
day on a rising or a steady market
While on a depressed or a falling
market he is idle a good part OF
the time and has to buy the same
amount of goods. The debts are
the result Of trading on a falling
market, for by the time the mer-
chant is enabled to unload his
stock its value has dropped to the
cost price and lie has no chance tC
make a reasonable and expected
profit. True, after all the mel
who contracted their debts on a bi
metallic basis and their property
has been taken by the gold man.
then the world can go along; bu.
this will take many years, for the
poor wretch will continue to strug
lyle. Why not help him? The
gold man has robbed him. Why
let the robbery continue until The
poor devil. as stripped of every
thing he possessed? He contract
ed his debts on a bimetallic basis
made his plans in honesty to pa!
on this basis, then his property
was cut to half of its value, or tn,
dollar doubled in value as yoJ
may choose to express it. He il
not only robbed but is called har,
names because he thinks 1T just t,
} pay his indebtedness on the basi.