The Black range. (Robinson, Socorro County, N.M.) 1882-1897, 1895-10-25
FACTS 10 REMEMesR.
Fhe Eject Upon Prices Of silver Demoneta.
Ruon-Resnember Them

Huon-Rr-nember Them
The Constitution does not set M for
a prophet, bat II cur readers viii turn
tothe files of the paper and read what
was ~edito-ielly said would be the re-
suit Of the unconditional repeal of the
purchasing clause Of the Sherman act.
they viii perceive that our predictions
have been very faithfully fulfilled.
We said that prices would lie lover
when the purchasing clause was re-
pealed. They fell nearly 90 per cent
We said that bonds would have 10 be
issued to maintain the gold reserve.
They were issued TO the extent of
s162. 900, 600, and the end OF the issue is
not in sight We said that II the gold
standard was maintained the paper
currency Of the country would have to
be contracted. Mr.. Benedict a Wall
street fnancier, says that the green
backs must go. This is undoubtedly
true, If we are 20 maintain the British
gold standard But are we to main
tain it? That rests with the people.
When the scheme OF unconditional
repeal of the purchasing clause Of the
Sherman act was up for consideration,
the Constitution protested that it
meant the single gold standard, pure
and simple. But Mr.. Catching, of Mis-
sissippi, declared in the house that it
was the first step toward the free coin
age of silver. Mr.. Voorhees,, in the
senate, made the same declaration.
Newspaper editors who are now advo-
eating the single gold standard de-
clared that they were in favor of un-
conditional repeal because it would
lead to the RECOMMENDATION of silver.
Many congressman declared that they
voted for unconditional repeal because
they had the highest assurance that it
was merely the first step toward the
free coinage of silver. These assur-
ances came straight from the white
house and were in the nature of con-
fdential tips. Every congressman who
received them believed that he was on
the inside of the whole business, and
that his course would be fully vindi-
Gated by results.
But what happened? Why, when
the purchasing clause of the Sherman
act was unconditionally repealed,
when prices had dropped and business
had come to a standsuill, the congress
men who had voted for it as the "frst
step" began to inquire when the sec
ond step was to be taken. Then the
gold-bugs of Wall street turned upon
them and began TO rend them. What
would you endanger the business in
terests OF the country by talking about
the free coinage of silver?' That has
been the cry ever since unconditional
repeal. THE business interests"
whatever they may be, are supposed
to be in a suffering condition every
time a country newspaper whispers
anything in favor of free coinage. 1t
is very sad. There can be no discus
sion on any public question, owing to
the fact hat the business interests
tof Wall street, are liable to suffer.
The people must keep their tongues in
their heads, and must cease to take
any interest in politics for fear of dis |
turbing our business interests"
which of late have come to be wonder
fully tenderfooted.
The fact remains, nevertheless, that
the business interests of Wall street
and Lombard street are not nearly so
important as the business interests of
the people, and the discussion will go
Of Meanwhile there need be no mis-
understanding of the purposes of the
g%old-bugs. They are not at all salts
fed with the present situation; they
know that the single gold standard
cannot be maintained with our present
volume of currency. Having struck
down silver as the money Of final pay
ment, they now propose to retire the
greenbacks. Whatdo the people think
of the outlook?-Atlanta Constitution.