Rocky Ford enterprise., 1895-06-13
TALKS TO THE POINT.
EX-SENATOR FkRWELL FOR
FREE SILVER.
The Fall of Rome Was Due TO the
Concentration of Redemption Money
-Amerieans Must Soon Show Their
Patriotism Go Down

Gold monometallists appeal to the
law of supply and demand as the con-
elusive argument against bimetallism
and say none but "fools' are In favor
of such an unscientific statement az
that law can create value. even by
making an imperious demand for an
article. When men are without argu-
ments opponents are always fools" "
Our constitution provides. however,
that the government Of the United
States alone has the power to decide
what shall be money. and all govern
ments that have made any history
worthy of imitation have exercised
that power, and in doing so have made
the most persistent and powerful de-
mand that could possibly be made for
the use of both the precious metals as
money for centuries
This demand tcreated By the iaw) es-
tablishes the value. and that demand
for its constant uss creates the conci-
tions Of stability Intrinsic valus- in
[ its last analysis. is the Coz, Of produc-
/ tion in labor, and g0vsrnDsus have al
ways taken this element Of value ilto
I careful consideration in selecting both
Z gold and silver Al fKsd ratio for
I money USE. and yet anyone Al all con-
ysrsaut with gold and silver mining Is
aware Of the fact that the cost Of silver.
in labor. has always been more lhan
gold al 15h TO / But law having fixed
that ratio as legal tender for all pur
Z poses of exchange (Which is really sci
entifcD, gave US the combined volume
of both metals as the one stable stand
ard Of measurement for all exchanges
of property. Silver, before it was dis
carded, was the dearer of the two, and
| the supply of both has never been suf-
| fcient TO meet the demands upon them
for money uses. Who. then, are the
fools and who are the knayes. with
such condition of things, in asking
any government TO repeal the written
and unwritten law of nations. which
had worked out nothing but the best
results in trade and commerce for cen
turtles. and thus strike more than one
half the money of the world out Of ex-
istence and then claim that there is no
demand for silver, because. forsooth,
its overproduction had destroyed its
value, and in the teeth of such law of
their own making, which destroyed
the one overmastering demand for it?
Was ever brazen-faced ignorance or
duplicity more brassy than in charg
ing bimetallists with folly in maintain
ing that the geometry and geology of
finance and trade relations, established
by ages Of prosperous experience. are
not scientific. when the exact reverse
has been proved in practice? Who are
the broad and who are the narrow?
Who are the theoretical and who are
the practical-those who claim that
50, 500 000, 900 in gold alone or those
who claim that $4,000, 900, 900 in both
metals will by common legal consent
best serve the world as the money basis
Of its immense and eyer-growing COM
merce?
1t would seem to me that these ques-
| tions need no scientific university pro-
fessor to answer them SO completely
as they answer themselves, and yet /
claim that the majority of such writer's
on political economy on both sides of
the Atlantic dare not challenge the
practicability of bimetallism, nor its
utility either. as the best solution of
all the difficulties which legal ard
worldwide gold (so-called scientific)
monometalligm has engendered; even
il we had no history to enforce the
proposition with its unanswerable ar
guments.
London is today the financial clear
ing-house of the world. Will anyone
claim that her bankers have had an
easy time with this altered law of sup
ply and demand, since silver could not
play its usual part in effecting ex-
changes? If 80, why have the govern-
ors Of the Bank Of England. for the.
last two decades, at least, been adyo-
Gates Of international bimetaIlism?
They certainly arc in position TO know
why they held such opinions when the
Rothschild class opposed it. England's
representatives at the monetary con-
ferences were all in favor of it for other
countries; even the Rothschild class
believing that with such support IL
would only faiD, because the unearned
increment of their gold securities was
netting them more than the annual in
terest Reason enough, surely, 10 have
the supply and demand kept 80 that
they would be thus served. Who fixes
the demand and the supply when silver
is legally ruled out of the equation of
exchanges? Government or the laws of
trade? Will our scientific guiIi-drivers
give us some lucid arguments on this
question and let poor Coin" and his
school" rest for few weeks at least?
He must be tired, as well as some of
us laymen, over fruitless theoretical
and scientific statements, without solid
facB to sustain them. II the learned
inquisition which come journals have
scientifically set up to immediate silver
on the altar Of England'B selfishness
and greed will fairly discuss such real
and burning questions as would give
fair verdict. instead OF the assumed
folly Of impossible bimetallism. they
would, in search Of arguments on
both, instead of one side of the ques-
ton, become sensible bimetallists
simply by taking a course Of the Lead
ing textbooks on the question instead
OF condemning system which they
have superfcially examined only by
the headings of their own articles, such
as ''The Silver Craze" "The Dishonest