Pine Bluff daily graphic., 1895-11-29
A FOOLISH PLEA.
s,,xer Miners Arguing for Debased Cur
 

mountain regions complaining that
 tba Chieaqo newspapers and the pub
 lie sentiment in that part or the union
 do not favor the views entertained by the people of the silver mine stated on
 the currency question. Some of these
 writers 20 so far as to intimate it as probable that if the newspapers and ] leading men in Chicago would change : front on the silver question and come out in favor of free coinage at the
 ratio of sixteen to one without waiting I for the aid or consent of any other nation on earth" the people among
 whom the writers live would become
 greater friends 70 Chicago and its
 merchants, would purchase fewer l goods in St. Louis and elsewhere, and that .sthis would be the making of Chi cago." They hint that we stand in our own light in opposing the wishes of 1 the advocates of debased money and the silver craze.
 These mountain men take very short-sighted view of the whole mat ter. If they saw clearly they would perceive that what they demand would do immense harm to themselves as well as to the rest of the American people. It would give borrowers of capital an inflated currency to pay what they owed. 1t would not be easy to get money then. On the contrary, it would make money scarcer to get hold of, though worth but 50 cents in gold on the dollar, as explained by Secretary Carlisle in a recent speech. It would mean an enormous curtailment of the present currency of the country, as it's first effect would be to expel $500,o0o, 900 or $600,000,o0o of gold money from use as money, and in the next place knock out half the working power of all the silver coins, silver certificates, greenbacks, treasury notes and nation al bank notes that remained in circula- ton. All the paper currency would tumble down to gold value of the bull lion in the silver dollar. How would that help the silver mines ef the noun tain states?
 The result would be terribly tight money market till the people had earned and saved at least $1 1,000,0o0,0oo of additional capital amid the strin-
  had been put into the currency in sil- yer worth but thirty to one in gold. The slowness Of that process may be in ferred from a recent official statement by the director of the mint that under present arrangements the volume of silver money could not be increased more than $100,oO0,0o0 per year.
 The change would strike paralyzIng blow at every industry in the land by re ducing more than half the value of the money capital available for carrying 1t on, buying material, paying wages, and meeting other expenses necessary t3 production. It would strike off on4- half from the value of the money saw ings of the working classes, and the cataclysm of panic thus produced in all the states east of the Rocky mountains would tell with fearful force upon the people of the silver producing section. Those who have borrowed money from the east would be called on to pay up at once, and could not obtain extensions On the terms now usual.
 1t is simply monstrous that small minority of people in the arid and mountain regions of the west sho1ld demand that more than 25 times their | number east of the arid country should subject themselves to all the woes of . horrible currency panic in order to prove the silver crazed people were l wrong in eontending that silver has not
 enormously diminished in value ip. ip.as. s-.f, E 1 last quarter of century,
 l Chicago asks not 4s.7Tr1g of these state which it is ne neg.5t willing to do itself. Tn people essl this city and all other citie eay sO of the Missouri are overwhelming :. ly in favor of sound money, and of mai. | taining the present standard of pecun = ary values, and those of the mountai states never yet have advanced a sing o sound argument or good reason why N ' should adopt the Mexican and Chimes o silver standard of money values an .r give up the gold standard of the ciyi # ized world. The best thing these foll . in the Rocky mountain states could c a would be to eheerfully accept the siti T ation and advocate the maintenance F. the present standard, increase the
 gold output, and improve the value h their silver by not attempting to | g it as a battering ram with which ,- break down the business of the natic i. and the prosperity of the American pc, @ pie. They are asking for somethin
 that cannot be conceded to them, an [. may as we'll understand that fact nov l. The people of the United States cam, | afford, and hence will not consent, 'e entail upon themselves a loss of mol e than $lO0 for every single dollars wort T of good that could come to the free si
 yer ultras by the adoption of their craz
 quilt scheme for increasing the wealt :. of the country by driving out the bes U third of it's money and cutting in tw e the working value of the remainder.
 Chicago Tribune.
 IT -
 f SOUND MONEY SAYINGS.
 ....@Coin' has quit featuring for th
 very good reason that he can get n