The Evening dispatch. [volume] (Provo, City, Utah) 1891-1895, 1895-05-02
PROVO CITY. MAY
UNFRANK METHODS.

There Is large number OF 30
called bimetallic papers which claim
thst the insistance of the parity ratio
of Is to l is silver mOnometallism in
stead of bimetallism. This is as un-
frank as any political statement ever
was. or course there are great many
of the eastern gold men who jump at
the suggestion and all their papers are
singing the song with wide-open
mouths. Equally, of course, there are
none In the west who want to see sill
yer the only mon y. That would be
worse even than gold monometalllsm.
What the west wants and needs most
is more money, not more nor less of
any particular kiLd. 1t is only the
double standard that can supply this
want in what Mr.. Cleveland would call
sound money. Gold monometallism
wouldn't be so bad if there only were
enough of it. But it has been fully
demonstrated that there is not half
enough gold in the world to do the
business of the world. Hence the great
and overpowering demand for the
double standard Of gold and silver
upon fair, equitable and honest ra-
ito. To find that ratio is the only
problem, we think, In finance, either
in this nation or in the world. When
our fathers reduced the ratio from 10
TO to Is to l, they but met a press
ing want. Silver was too high at Is to
i. When reduced to Is tu / trade soon
indicated that the true level had been
found. So the ratio remained and
their cloudy claim now that the Amer
icsn policy of 1873 was only move to
more properly and fairly adjust the
ratio, is as untrue and false as any
claim the gold men have ever ad-
vanced. The policy Of '7S was only
the destruction Of silver, nothing more
and certainly nothing Less; this, too, at
the expense of reducing the American
supply Of money by q little over one
half. Its result was panic, poverty,
distress, the destruction Of trade and
evils of all kindsa
II we are honest in our seekings for
q way out of the labyrinth of national
as well as personal poverty and debt,
why not restore the conditions as they
existed before that great wrong was
perpetrated and then afterwards ar
range the ratio upon fair basis con-
siderlnG the present supply and the
future prospects of both metals? If
the visible and reasonable supply of
silver would be found TO be more than
at present is calculated, what is to pre-
vent reducing the ratio to 1872 CT even
to IL to II Or if the supply of SILVER lie
short, or likely to become so, and its
production reeds to be stimulated to
keep up the necessary supply, why we
can raise it to 153 or even to Is to 1.
We can always be honest il we cannot
become fnanciers, and thi; policy would
be honest, open and above board. The
great fear east is that Of giving some
great advantage to those the gold men
denominate the silver barons, We
really believe that much Of the present
energy among the gold influences east
is due to the newest and greatest fear
of silver monometallism.
We should dearly love to see the sil-
yer council, GO soon to assemble in Salt
Lake, deal with this question of ratio.
Not to propose change at once, but
10 see if it isn't behind very much of
the bitter determination of the east to
battle il every wsy and with every
means against all forms and sugges-
tions OF remonetiz4t ON. If they will
do so in spirit of honest fairness we
truly believe they Will find that the old
ratio of I6 to /, will be found ample |
for the next one hundred years 10
come.