St. Paul daily globe., 1895-04-15

that is the cheapest. When these fell
lows who are howling for cheap
money get it, we imagine they Will
find it. dear enough, and when they
bring us their cheap money to buy
gold with to pay their gold notes
and mortgages we expect they Will
get dose of medicine that will sober
them and teach them practlcal
lesson in sound currency" s
The silver craze is but another
cave of AduIlam. Analyze the motley
crew, learn their antecedents, their
financial condition.. their invest
ments, and you will find why ninety
out of every hundred of them are.
f1ocking to this cave. The DavidS
who are departing from the domain.
of sound currency and escaping to
the cave of Adullanl are every one
that was in distress, and every one
that was in debt, and every one,
that was discontented." They are;
the men who took the short road to
wealth that leads through specula-
ton; men with silver mine stock
equity holders in dirt whose values
went glimmering when the boom
collapsed; men in business who made
mistakes of judgment and are load
ed with debt; farmers who have tied
their faith to wheat, diminishing
both in yield and price; wage earn
ers caught in the wreckage of the
financial cyclone, innocent sufferers
of the folly of other men, victims of
the foolish policy of a party assum-
ing special guardianship over them,
and then those buzzards of politics,
the politicians, reckless of every
thing except mere eXpediency, who
think they see in the craze the
means of either regaining lost place
or of retaining it, more anxious to.
be presidents than to be right.
: And these bowling dervishes cry
out against the money power. and
berate the "gold bugs" and denounce
the bankers, and allege ''conspir-
acieS" and bemoan the insufficfency
Of gold, and yelp in unison that the
silver calf must be set again on the
pedestal; that it alone is the tails
man that will save the people. the
poor, dear people, from the rapacity
Of the money power and the ravenous
gold bugs. And they cry aloud to the
great god State, endowed by themWith
power to create something out of
nothing ard by mere fiat to turn
darkness into light, to decree that
sixteen ounces of silver shall be
equivalent to one ounce of gold,
SO that the power of the money
sharks may be broken and
their cruel and remorseleSs fangs be
loosened from their devouring grasp
on the poor people.
And the money merchants, called
bankers, who gather the idle coin
and turn 1T into the channels of in
dustry, who know that the great god
thing worth more than what men
desiring it are willing to give for
lit; knowing that after the decree it
will take as many ounces of silver
to buy one of gold as the relative
supply and demand will permit and
no more, and that with their gold
they can buy silver, convert it into
fiat money and return it to the men
who deposited gold or it's equivalent.
gaining increase of wealth thereby:
iamenting the craze that will unset
tie prices, but determined not to
lose by it, are holding the gold that
comes into their vaults, and paying
out the paper substitutes that some
day may be substitutes only for sill
yer dollars. And in SO doing they
are out obeying that instinct of self
preservation that is inherent in
men. If the cyclone must come they
intend TO have their cellar of refuge
IN readiness. The silverites will NOT
catch them mapping.