Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1895-08-02


circulate as money When nation
stopped coming it the demand fell of
and the price also. If this nation
with such others as would be easil
induced to join it, should remonetiz
! silver, the demand would advance tn
price to where it was before demonet
zation.
23. Free coinage Of silver at fixe
quantity to constitute dollar pro
tects silver against fluctuations an,
the manipulations of bulls and bears
! placing it on the same basis as gol,
in this respect.
"a. There has never been at an,
moment in the worlds history a SUI
perabundance of plethora of the tw'
! metals, or either of them, not ever
during lS5l-75, during which qusrte
OF our century the supply from the
mines amounted to as much in weigh
as has been produced for $50 years an
tecedently.
%. The demand for money is equa
to the sum of the demand for all Other
things. The competition for money
is therefore not only incessant, but con
stant, urgent, importunate and uni
versal. 1t is, therefore, q mistake tc
say that the demand for money i.
limited by the demand upon bankers
for loans. There may be, however
a plethora of loaning money centers
when industries are arrested.
70. Wherever there have been CD.
pressed people who have looked to this
nation for hope and help in the past
they are now looking to free America
for relief, in the midst of the struggle
against gold monemetallism. We
have it in our power to relieve them
and enhance our own greatness and
the peace and prosperity of the world
Shall we do it?
q. When any important country,
powerful enough to have the proper
influences, establishes bimetallic
currency. at fixed ratio and main
tains the parity OF necessity, the whole
world is on the same bimetallic basis.
%. The United States government
is great enough and has sufficient re-
sources to undo the wrong of 1873,
and, as in 1776 we proclaimed the po-
litical emancipation OF mankind, so
now we will proclaim financial eman-
cipation of mankind, from the Shy
locks OF the old world.
20. We believe as Carlisle, the pres
ent Secretary Of the Treasury, be-
lieved when. on February Il, 1878, he
said in the Congress of the United
States: II know that the worlds stock
OF precious metals is none too large.
and l see no reason to apprehend that
it will ever be so. Mankind will be
fortunate indeed if the annual produc-
ton of gold and silver coin shall keep
pace with the annual increase of pop
ulation and industry. According to
my views of the subject, the conspiracy
which seems to have formed here and
in Europe to destroy by legislation
and otherwise from three-sevenths to
one-half the metallic money of the
world is the most gigantic crime ol
THE Or any other age. The consumma.
tion OF such scheme would ultimately
entail more misery upon the human
race than all the wars, pestilences and
famines that ever occurred in the his.
tory Of the world"
80. Silver has been called the money
OF the people; gold the money OF the
rich. The demand for the single gold
standard is unqualified selfishness
The single gold standard means riches
for the few, poverty for the many
AS James G. Blaine said, when speak
ing in the United States Senate in
1873.
at would not be difficult to show
that, in the nations where both gold
and silver money have been fully
recognized and most widely diffused
the steadiest and most continuous
prosperity has been enjoyed-tha,
true form of prosperity which reache.
all classes, but which begins with the
day laborer whose toll lays the founda
ton of the whole superstructure q
wealth. The exclusively gold nation
like England, may show the mos,
massive fortunes, in the ruling classes
but it shows also the most helples.
and hopeless poverty in the humber
walks of life."
] TIE cOl0rad folk of Clan Allan W,