The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1895-12-12
WHAT 1T MEANS.


,a,.,,, Article In a Boston Trade Paper
sE what "Best" Money Means.
The Root and Shoe Record, Roston
ID publication of the better class,
naaptlv contained the following edi-
torial utterance:
.,oans nothing more nor less than
,awest prices, and lowest prices
aonnot possibly mean anything
oISa than depression in industry
and stagnation in business. Legisla-
a. that would restore the use of sill
noe money here and in other coun-
80 ,vould double the amount OF
s,nnev and make the whole less valu-
nh,o This would mean advancing |
s,n;cas [ lust as positively as disuse OF
Silver has brought more valuable
money and declining prices AS long as
,he money lending financial ideas are
IN control we cannot look for a change
in this direction.
.rbe only prospect for relief in sight
a. o+nresent. therefore. or IN other words,
the only chance for getting less val
uable currency with advancing prices,
ss from the increasing production OF
Ia and from this cause, as we have
''Tor,.ziously pointed out, there is reason
70 he hopeful of good results But the
,change cannot come at once. IL Will
take time to develop the mines and get
.out the gold, and even with the large
.nroduction of 5000, ,OO0, 900 in gold a
ra.r IL will be some time before there
oor he a marked effect on the value OF
the worlds stock of "a, ,0O0, GOO, 900 or
over. We may get some measure OF re.
l;af from tariff changes which will
tend to advance prices again. but this
would be only temporary rs long as
the general movement of the worlds
currency tends to mako 1t more valua'
hla or better as our hnanciers express
it.
"It is no answer TO aay that this ar
.pument could be carried to an extreme
and that currency Of copper or til
eor iron would be cheaper, and there
fore bring more prosperity. We coulc
.aimply ask how the other extrem
would work with q currency OF dia
uponds or some other metal OF whlcl
only few pounds could be supplied
We are urging on the existln
conditions and in busines
waY and the only common sens
business conclusion must be that tn
movement in the direction OF 'bette
or more valuable money as measuI
of values must be stopped before ther
can be any couGdeace or assurance
profit in business operations We ma
have spurts in different lines an
changes due to what might be terme
local causes, but industry as who
cannot prosper as long as decInlI
prices destroy all chances OF profit Il
the men who must take the lead IN
,,various branches Of wealth productio
In so far as the recent great gold d
,,oyaries tend to this result there
,prouaise and hope for the future.
The above utterance, coming ire
tthe representative journal of one OF
heaviest items of manufacture IN
,east, NAV be classed as significant
r,resents in business.like terms the
xhion of currency to commerce,
10 Sen which the eastern statesmen,
olo, %ioq by the London single stanos
for Nave been nuddiing Tor SO
,oo.s S, with fsqe spun theories and nj
sonnd;r Terms. which mean little
notbing 'laep reduced to practice
The rene. Vi OF abe Sherman act :
the reform o the tsriff have both b
tried and TO, uaa wanting as ressol
~ Good times Our eastern critics y
turn to the incre 3sed ontput OF goie
tho nonacea for be evils which an
trade. In doing % they Sut rep
the argument of the aavoca,es y, =,
yer, that there can | le no perhaal, !,
revival of commerce wn!ie Inc
blood of commerce--sou.9 ~ ana ace'
able currency-is limited In 4iho
and in the hands of the few, wiSo
deal it out or contract it, utterly
gardless of the interests of the man.
The increased output of gold N
sign of returning prosperity. larg
because it will gradually add to
stock of sound money, which was
necessarily and selfishly depleted wi
silver was demonetized in the house
its friends in the country which lie
the world in silver production. D
yer News