The Monticellonian., 1895-10-25
THE DECLINE IN VALUES.
Destruction Wrought by the Demonstisa-
 ton of Silver.

ton of Silver.
 In a recent speech in Iowa ex-Gov. Boies thoroughly discussed national finances, and among other things touched the vital question of the hour in this style:
 'The great qeestion of the present hour is whether or not the removal of silver from our volume of standard money has or has not enhanced the value of gold, and hence, because all paper currency Is redeemed in gold, the value of every form of that kind of currency, and of all obligations pay able in money, and correspondingly diminished the price of every other form of property and labor, of which money is the sole measure of value.
 ''If it is true that by legislation or custom we have largely increased the wealth of the creditor class of our people, and made the whole class of property owners of other kinds core. spondingly poorer, and thereby in- creased the burdens of all who must convert other property or labor into money to meet pecuniary obligations, it is certainly true that we have been utibS ol d very grave WTOHH ioWdFu d vast ma iorty of our own people.
 The fact is indisputable that since the demonetization of silver there has been a marked decline in the market price of great bulk of the products of labor. Nowhere has that decline been more keenly felt than in the con tinued depression of the price of farm products. It cannot be denied by any one that the great staples of agrieul- ture everywhere that form the bulk of all our exports, and maintain balance of foreign trade In our favor, have steadily declined since silver was de- monetized, until to-day many of them br ug less than one-half the price they did in 1873.
 If by any provision of law or other wise the markets of the world for any one of the great staples of industry should be contracted we would expect . corresponding depreciation in the price of the article so affected If two or more products were used in common and substantial to the same extent to supply any one of the actual necessi- ties of man, and by law or otherwise one should be withdrawn from the markets, we would expect the other to increase in value, for the demand for it would be doubled, and if it was true that the supply of the remaining prod- uct was wholly insufficient to meet the demand, we would expect 1t to con- tinue to increase until it Yeached an exorbitantly inflated value.
 'I need not tell you there is not gold enough in this world to supply the wants of its people for money; neither is there gold and silver combined suf- ficient for that purpose. This is demonstrated by the fact that iii every civilized country resort to the use of paper currency or credit money in some form or other is found necessary to supply the demands of business. And since 1t Is true, as we all know, that before the demonetization of sill yer the demand for money was greater than both metals could possibly SUD- ply, is 1t rational to doubt that the re- moval of one from use as standard money would necessarily enhance the value of the other that remained. Is it not apparent, therefore, if the sem blance Of justice was to be done, that when congress demonetized silver and took away one-haIf the availa ble means of the country to supply itselI with standard money, 1t should have cut in twain the quantity of gold re- quired to make dollar?
 Tn what way, then. is 1t possible to lessen the present inflated purchasing power of money, and thereby increase the selling price of the products of la bor? Evidently there is but one way, and that Is to increase the quantity of real money, and this Is practicable in single way, and that is by return to the system of our fathers; to the money of the constitution; to the coinage of both gold and silver as standard money instead of gold alone"