Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-10-08

We have shown by quotations from
the official record that the advocates
of gold monomeIallism who were mem
bers Of the last international monetary
conference conceded that monometal-
ism stood for low prices OF products
and blmetsllism for higher prices.
They defended the FORMER system as
advantageous 10 the countries which
they represented.
1t Is an Interesting and significant
fact that this proposition was never
disputed In the various international
conferences that have been held. but
that the discussions have turned upon
the relative merits Of dear money and
OF high prices.
IN the monetary conference held at
Paris Ia 1891 the senior member was
pr irooh' delegate from Norway, the
only member who had token part In all
the monetary conferences since 1861.
Dr. Broeh advocated The general adop-
ton OF the gold standard, aud sum
mins up the alleged evils n Ll-metal
asm, said:
Another unfortunate result OF the
universal adoption OF bimetnuigm m
.Hs iatip OF ! 10 Is l-2 would be an
augmentation In the monetary wealth
" W Hlrld, and, az . consequence,
depreciation Of the metals, accom-
rah'ed by . corresponding and general
llse IN prices, ON the dav
Ehen the proportion OF 10 l-2 should
pte'lie universal and obligatory. sill
NVI would rise ls per cent, gold would
e 'e, tI1 '9e prices Of all commodities
t,9pvsMhy thoHe which como from the
hLSt ana are paid for IN silver, would
sApeFlenee considerable advance,
Fhs rise would become more evident
.y degrees, as the monetary market
became gluttod with the product Of
numerous silver mines which arc now
lslng idle' or are worked but little and
almost nc loss. but the wortting, ~
which would again become renunera.
i've thank5 to the raising OF the value
or silver rise ga geupral 40 sudden
ana 70 comfortable would throw tbe
economic and commercial world into
pe,,n nnd would carry disturbance
mo W glasses Of society, 1t would
te4pFe all the relations ~ mankind
among themselves. and would be couiv'
hlent 70 reduction OF All debts. Now.
" " not only unjust thus TO prndtipe by
y NElpWtlfe measure an artificial rIqe
~ an commodities, Il "a dangerous TO
n ,,p SO. Tor II " 10 eSpose ourselves. in
" II rational to entor upon a
ROAD which leads to n general rise IN
prlnes2 A tendency In this directIo,
AZ tle WNrlds history clearly shovs IL
bpt too evident and too constant.
me nominal value (of manufactured
rtieles, increases notwlthatnnding.
ssluehiiy because of the con-
slant depreciation Of money. lis It wise
oy legislative measures 10 accelerate
TINS movement toward n general al
persist. ~ 7 did In 1851 pnd as / dlj
" lsfs IN advising the states or En-
rope and the United Staten 10 adont
ne alnr'c standard Of gold" sS''
DR.. froch, It viii be perceived was
staurel and distinguished mono.
metailisi before Cleveland was eleetea
o the shrieyalIty of Erie county
md before Carlisle and Minis
began their political careers. In al.
aresslng q conference made IN lareolv
pf parsons Of his own way % thlnklne
ne was not under the necessity of "a
iorung TO the tricks and deceotions
which form the Lulwark OF the DE-.
lenses Of American monometallism
hsprssenlng q cold aud barren county
MAJ is q large consumor of aFrseui,ur,tI
products, there was no restraint mon
MN In discussing the rea! issue ~
tween gold ON one i~nd and products
'n the other and he plainly gives
aus reaienS why he favors aold-he-
Use he wants the purchasing power
= money % be as great as possible
~A's " che honest way Of putting II