Capital journal. (Salem, Or.) 1893-1895, 1895-04-11
WHO ARE THE BiMETALLIsrs

tlon In another column 10 the advaDt-
age Of the single gold standard. He
assumes that under free coinage Of
silver, gold might go 10 a premium and
80 out Of circulation. n that were true
large gold holders would find II to
their intesest TO promote the free coin
age Of silver, as there would be no
easier way b. make money than to get
a premium on their gold. That is what
many Of ihem are holding their gold
for-for premium. They are all op.
posing free coinage Of silver az legal
tender money. Why? Ia It not he
cause IL would destroy their monopoly
Of basic redemption money, which
oil other money Is pow redeemed in9
Il not that tbs true Tsssoh7 II Ia bot
b. be assumed that the holders ~ gold
are enemies Of good finance system,
or Of the people, but on the other hand
dops anyone believe that they are en-
tlfcly uDselfsh in their opposition TO
silver? They are truly monomeiallIs,s
and their metal Is gold. There IL no
Doubt about that. There are now more
contracts payable In gold >than
will ever or can ever Ee paid IN gold
All such contracts under the cOnstltu-
ton cannot be ipteriered with, but must
be paid in gold. It IL doubtful, II the
United States today went upon full
bimeialilc bnsis, whether that would in
crease the quantity Of com redemption
money enough ~ help the creditor
class very much. But II would make
the outlook easier. II would make the
prospect and the chances appear easier.
II is doubtful II our Industries will get
10 full swing, property and products be
restored 10 normal prices, and the bal
ance Of trade turned our way before two
p years roll around. The country cannot
always be assured OF prosperous times
even under Republican rule. The i'm.
peratlye necessity for a broader finan.
clal basis lies In the small volume Of
gold relatively, when we consider that
we have nearly 10000 900 people and d
, commerce ut home and abroad that
mounts In a score or more Of billions
with at best but q few hundred. millions
\ Of gold Ia the country, and that grow
I ing constantly less. II IL easy TO b'
conservative or indifferent on THU
question II II IL 10 ones Interest oI
suits one political purposes 10 be so
But II should be remembered that I
large majority ~ the conservative anC
indifferent are not suffering for EN-
Dl0yment aud the necessities Of life
aud many Of them are not Ia debt, al
least not hopelessly. They are satishot
with financial system under whici
: they mud themselves better on auc
moTs fayonbly situated than their fei
lows aud then blame their fellows foI
! hoiding different Yisss as to hhapo'
} system, witch leaves about nine msf
' out " ten ip the hole snd the tenth
struggling bard 20 kesp out There 4
nsoaHsliy ~ reform Ia oar hpanos eye
' ten, ~ omEoD's nss ssnsloT dsolans
Jusl what, 10 10 be loft 10 ihoaa wh,
make ihs laws but lsl 90 man pIs
isDd shat No base 10 god enough, ~
thai lhew ls money enough in ih'
oouniTy, ~ ihHl any pan sho does noI
, l'sllsss ~ ihs sipgls suld standard 10 !
l,ubile spFmy ibsp 10 noihiaR n
sssk snd inasispsibls a. lhs theoiD
llsi ihis eounify esu bsys no none,
that u lsTsi lsadsl spd slli eleulsi'
- lsf san Esld, unlpss q 10 msd'
fssissllai,is ~ Eald euiy fhs ihsaIj
ihsl pslsr pspnei hs issai ifpdfl
sHlsss ndssinsa IN sold op'y sill noI
issf ipsssilssileH nlnns shfs Il
J pspsi nlsnsy nei lsa'sassiis IA sllFsi
~ ~ ls,iih uisiss A. - 10 nul siaela
u asi isf 30 sifs ihs npis huldl "a,
opiisp, h w psl ibs Ep'uHmfni 800
sispllg - lhs alsi'3 " lhs 500 ss,p
blsss isi ~ fiap ihsi isi " isl'
esI sssnlIy sna lls ass bllsi lhsn
ihsi ~ % slll sials lss palpi sbs''
% sill bass 81 sllT w snisilplii I
. ihs ssla insnalady ~ hsf 0ul hlsiil
FNfNfatf19FNsrF
fhsi ass fnslssd aahna'si misis
....... 4.