New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1895-05-08


4 ~ Grid ans ffor IS, us of
coin What would result
The metal which ms "a Produced
would 40 longer be precions mstsl and
would 6e as long used asss msalurs of
yalnes any mora than are lead o non. IS
hat results hen the dennands for
coin il increased and the supply il dl-
minished9 q !.
The reverse of the condit lions of an
|overssupply Of coin. a 4 values Of cons
modities fan. Ind ustr1es are paralyzea.
All enterprises fail. Demand for manu-
factured product ceases. Men are ddrIv-
zen el1 back step By step 20 the barest neeas
Ct life, and il the process should be suff1fi-
ciently prolonged, the world would re-
lapse into bart
Illustrate By citing conspicuous In
stances Of over and under sup ply Of pro-
|duction Of the precious metalsa
The gold disco 81 Calf lorna and
Australia added an immense volume to
the gold coin Of the world J, and the I'M
petus which has been given to all actiyi-
ties Of the world, has carried further for
ward between $50 and is 10 than during
49,,
the preceding 200 years. The process IL
Illustrating the reverse condition IS going
forward at the present time. Immense
null itudes are unemplo yed manufac-
lures and enterprises Of all kinds fail,
and we are thus far spared from worse
calamities only by the accumula atoms Of
the wealth oducing era.
Provided the supply Of the precious
metals ceases, what then? 5s.9ss
The want must be supplied ny the
substitution Of some other measure Of
values 5.s5.. s.
With the stock Of gold coin diminish
ing, and the demand for gold increasing,
what must be the result9 0 4 Il
The supply Of coin must be made
equal to the demand, or general retro
erosion toward barbarism will result.
Is the supply Of gold coin adequate to
the uses Of the world2 4. 7.I
No. Nearly two thirds of the com Of
the world is silver.
/ What nations are interested in demon
citing silver, and thus increasing the
purchasing power of gold2
@ It is doubtful whether any nation CON
suits its real interests, as such vital
blow is struck at the wealth producing
industries Of the world that the Temporal
~ profit to the creditor nations is ultl-
mately greatly over balanced by the gen
eral loss. z5= as ~ IS
In whose interest was the demonetiza-
ton OF silver procured? *
In the interests of the capitalists OF
Europe mainly and secondly, Of those
who are closely allied with European
capitalists, mainly in the seaboard cities
Of the United States. Z.
How was it possible that the United
States became a consenting party to. the
demonstration Of silver?
Only from the fact that ::h1s cunning
scheme Of capital is not understood
Our business men having their attention
occupied with the specific details oftheil
personal affairs, gave no thought or care
to the effect of the demonstration q
lsilver. s
What will be the effect Of the demand
for gold which will be created when the
United States requires gold for resump.
ton in 1897? >..
The purchasing power of gold will be
still further increased, marked by a fur.
Their fall in price of commodities and
general Reputation of private and pub.
| lie debts. . Y. u "a
What conditions have prevented the
full force of the gold conspiracy from
being felt2
The unusual demand for our bread
stuffs arising from a partial failure OF
foreign crops. a foreign war, and alarge
overplus Of production at home.
Will the disasters which are impend-
ing be averted by the reconciliation Of
silver by the United States2 .
II the United States remonetizes sill
yer, with no restrictions upon the coin
age. and makes silver an unlimited legal
tender, it will be q step in the right di-
rection. The demand for gold in the
United States will cease; this will tend
to restore the former relations between
the gold and silver dollar BY the decrease
in the purchasing power Of gold and an
increase in the purchasing power Of sill
yer. This result would be naturally fol-
-. TO