The Monticellonian., 1895-11-15

past fortnight Iron still rises, the strike hay ing hiatsrai shipments Of ere, but, with troops guaroinS the ore begins to move. Cotton Is strong, hut has Rausea. The general tendency to curlaal purchases where D oss have uota- ply advanced 2r 5ws clearer in boots and shoes in wool and ln some proaul is Of iron.
 The combinations have again advanced prices of bar iron S2 pr ton aud on r. ais 20 cents per kcg, u hie Bessemer is quoted at al7. 40 at P,ttsburE, and eastern manufacture from imported ore has again commenced to supply western Isumers Spec al causes are the Waelty unprecedented bridge building the continued demand for building in cities and heavy ship building on the lakes.
 No Gre It Demand for Eais.
 Consumption already hesitatcs. and rail roads have no' much expanded their demand for rais Copper is also shade weaker, with large supplies; tin, with 26 390 tons in visible stoc", domestic and foreign, and lead, with sdles Of 1550 tons domsst5c
 Tn the boot ent shoe industry many shops are discha ging hands, and in woolen manu- tacture few works are closing for want Of orders.
 Sales of wool. which averaged over 10000 o30 pounds per week when great specu atiye stocks were beiHg taken, have sheunk to 5.a8e 533 for the week, against 7.557 390 for the same weeA in tsa2.
 "The bri ghtest feature in all the horizon is the Certainty that the crop Of corn will be ell I'll 9es Frosts now can only affect q small fraction ani tns surplus will go into mauu- faeture If meats, because at 35.7 cents al New York, near y cents lover than weeK ato, there is no other profitable use for corn. The latest reports Of wheat thrasAing induced the | es western judges to raise thsir estimate of yteli over i0. .G38950 bushels and With I51, 0J0 0)0 bushels ad1ed 10 70 0000J0 bushels brought over tue supply will exceed all probable de- mauIs.
 TA ys9y that to rcmonetiza silver ufl run C. t If IsaF F+Ig Igftr of hff~1a J m k Q recognize lhe fact that IF U ltrne ta tiu-e al5 Cr tae other Of tIeze moEa.s vi l leave us and the fact that VIC have the other Nth as fs wat would save our fnInc ai sys tem If there ara causes tending to take god away from us, II will go whether silver is n 3ney or not. We have no silver now as real money, and yet gold is leaving us. They stopped the cai#age Of silver even as credit money two years ago, and yet gold has since Jeff us faater taan ever Gold mon m ta}lism has destroyed prices Of our preaucs lowered the nouey volume of eur exports and aided il destroying cur balance of trade. Under 1t our wealth is Icu}fng Us, incLdnG our gold. It also iaciuies our silver We are selling ali cur surp es s4Nee 10 England at 50 cents on the al ar. Ihd r faee caIalee she would nave to D us Il dollar tar it. Last year We sold her <5a'a 04p Toris of siiFe It free coinage Pre fer about tasg g,444 sAe pa4 as t0 cents an aHnee for our silver, eh aFed t ta India, coined II In into tac cqtliyaseut Of sl.23 of our m HaE a#a tuHg W4eAt utd e5ttsa with it taus masiag Iad5a wheat cost them 50 cents Ter bGshel ana forcing to sell our wheat at that price
 TAcy say giIver was denonetzed on account ot overpt oiueti8n.
 At the time silver was d.moaetized the world Vas producing 70 cents l. silver to one dollar in gold less silver than gold h the twenty Two wears since then the world has produced atout equally dolia fardallar of silver to gold
 Inc satr #H is crnt- worth of sHgeg tu ii of gold. During certain debale tn CEissg5 Mir Horr Of New York, rspfe eHtins the pr sent financial pol tcy, us asked IL the close of the debate enc day ty Hon. ! . S!biay. of Peansy it he eiaHed ttat sl ysr was asaasnettzeI b =asca ef oTe5IfzsGet.aa. Mr Horr answered aS3.a Mf. Sib4ey taen asked him this ques tiaa:
 ''Yoa vii aIlev then, 1; the claim is made by nunometa. ss. thI silver was Gemune- tlzei beecush of tAe large increase ln proGue- tiau that that statement would be incorrect: =
 air H0II Yered: That statement would be noasensiea!, because 1t was not cheap at that tIne..'
 h tl-s instance we had a representative cf this cold se.H-h money power in the stocks, where deception was impossible, and we mi ade him face the faets and frequently admit the faistty Of statements with Wlich trey had been misleading the people IL is now safe to say that We wi hear Ho more about Over-pro- auction of silver.
 They say it is Gtiy-cent dollar have ex- plsiuet To you the reason why this is true. fhe demand WIS taken of Of silver and put on gold. Duut.e tho demand for any Trorerty anu Inc result k to doab Q its value. Take away from any roluct the demand for 1t and yod lower its Ya!He. Thus it was with Z ll anu silver Go was re uired to do the double tu'y tA5t had betorc been on both metals Under tais treatment god rose in value and silver fel in value. By their own act they mai a fifty ceat dollar. il is hot lair to ciip d birds wing and then damn 1t because it cant fly
 They say so many hundred millions of sil- yer has 6ean co ned since 1875, iaoie than ever be'ore, and ask ''Wby are you not satisfied with such aa enormous coinages@
 The answer is thjs: All the silver coined since 1918 has been credit money practically reedema6le in gold. Il has not added dollar to the primary money ot the nation. The more you issue of it in bis form the worse it is for the stability Of your financial system if the proportion Of credit money is already dispro- per.iouate to the quan ity of primary money What was caded was it's recognition as pri- mary mouey ia compst'tion with gold As credit money it answers no other purpose than payer money would answer
 They ay that the stamp of the government on metal does not add to it's va.ue. That is true. The answer to 1t is this:
 Value Is added to a tat- 2 by new use being conferred on it. When the govern snent throws open its hints to silver they are now to gold, end says all that comes shall be coined into fun legal tender money, with the option to the government or person 10 pay in either gold or silver you have given a new uso to sil- yer n addition 10 it's former use-you have in- creased the demand for it-and that adds 10 it's value Money is made by law.
 But. they say "by the Bland. Allison act of lSiS silver is now full legal-tender money"
 The snswer is this: By that act si. yer was made legal tender only iu the sense that green b tc<s are full, legal tender 1t was left crip- pied b. limited coinage. None Of those lights Were eoeterret on it enjoyed hg gold. and that me neeos arg. under true btHetallism to re- store rasity in comme cid lae between the two meta Neither was futl legal tender given ta fl. clause was inserted, Unless otherwise provided in the contract" This gave the money power an opportunity to con. tinue its on silver The country was soon flooded with notes for you to sign, payable In gold; and, when the law thus conferred the option on the creditor as to which metal he would der and, another law in himetalism was violated Where. before lsa3 tte debtor had the option, gave tt to the weaker metal If either Was, and thus maintained the com. merciai parity, the B and Al is1n act gave the option 10 the creditor, who would always de mana the dearer metal; and the dearer it be- came. the more apt he wou d be to demand It. Instead of the government dlctating what was money, by this act the creditor was allowed to dictate; and, since then. the money lenders havo bound this country and it's people up in billions Of dollars worth of bonds, notes and mortagss payahe in gold The debtor as a rule. has no opton when Ee goes to sign . note for borrowed money At such a tln.e money ia sucn necessity to him that he is putty n the hands of the money enaer Nor does he, us rule, know that he is assisting in pi1ug the de-