The Mason County journal. [volume] (Shelton, W.T.) 1886-1927, 1895-11-08
SHELTON. MASON COUNTY, WASHINGTON

crown its labors in 1896. We sh"ul
foil and make powerless, as we ca
easily do, all single gold standard al
vocates who may try to turn the part
away from its pledges to bimetallism
to change it into a tool of the credit ;
class, of the trainers of trusts, of tn,
makers of monopolies, of the manlpu
lators of huge money combinations,
and make thereby an enemy instead OF
the friend it has always been of the
plain people of America and the
world.
Moreover, Republicans should or
ganize a widespread propaganda for
the dissemination of facts and argu-
ments against the single gold standard
and in favor of the time-honored
principles of bimetallism, which are
too little understood by our people.
who are being confronted by the sim
gle standard advocates with false
statements and unsound reasoning.
1t seems to me that the essential po-
sitions of the bimetallists are impreg-
AL VI tIiClii oHdC'
stand to be as follows:
|. From the dawn of civilization,
gold and silver have been Cd the stan
dard money of the world, (2) the medi-
um of exchange, (3) the measure of
the value of all property, and (4) the
basis of all paper circulation.
er.NDapD MONEY!
9. Gold and silver will continue to
be the standard money of the world,
Notwithstanding variations in the rel
ative qualities of the two metals pro
duced by mining; unless an unlimited
quantity of either metal shall make its
The discovery of hill
of silver would undoubtedly demone-
tie that metal; no less would the dis
covery of gold equal in size to a
twenty-one-foot cube, demonetize that
metal, because it would equal all the
gold now in the world. New gold
enough to fill from floor to ceiling
President Cleveland's dining-room of
Gray Gables would put an end to the
use of gold as money metal by any
nation. No such discoveries have
taken place, or are likely to take
place.
3. The intrinsic value of gold and
silver bullion for its use otherwise than
for money has appreciably nothing to
10 with its market value for the pur-
pose of coinage into standard money.
The consensus of the nation that gold
and silver shall be the money metals
gives them substantially all their
market value. Permanently demone-
tie silver and its value will not be a
iftieth part of its present value as
money metal. Permanently demone-
,ize gold and its value will not be one
nundreth part of its present value as
money metal.
4. Under bimetallism, as long as
,he free coinage of both gold and sill
yer exists at the ratio of the con-
,ensus, there can be no considerable
,r prolonged variation in the market
7alue of the two metals relatively to
Zach other. If the ratio be is to l,
hen sixteen ounces of silver bullion
will always have the same market
7alue as one ounce of gold, and vice
rersa, one ounce of gold will always be
worth in the market the same price
Is sixteen ounces of silver will COM
nand
When one of the metals is produced
rom the mines in greater proportion
tie quantities than the other, a COM
,ensatory action according to we'll
,nown rules takes place, equalization
If the ratio is maintained, and the
market value of each metal continues
Is before.
During the period mainly of bime-
allisln, from 1861 to 1875-214 years
the value of silver bullion never
Continued on Fourth page.]
lie has kept his own counsel SO we'll
that the best informed political writers
IAN do no more than guess at the
names of those who will be Chairman
If such important House committees
Is those on Ways and Means and Ap-
For the first Committee
the guessers are divided between three
men-Dalzel of Penn. Payne, of New
York, and Hopkins, of Ills. Dalzel
having the largest number. The
guessers name Cannon, OF Ills. and
of Iowa, as the two be-
tween whom lies the chairmanship of
the Appropriation Committee, the
guessing Cannon, who was
Chairman of that Committee when
Mr.. Reed was last Speaker of the
House; but those who guess Hender-
son say he has the best chance because
he has been continuously a member OF
the House, while Cannon has missed
one term since he was at the head OF
the committee. But there is one
chairnanship upon which all the CUES
sers agree. That is Hit, Of Ills, to be
chairman of the Committee on Foreign
Affairs. There are three reasons for
this agreement-each good. Mr..
Hits friendship for Mr.. Reed; his
prominent fitness by education,
temperament and experience, for the
place, and his record as Chairman oi
hat committee.
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