The DeLamar nugget. [volume] (DeLamar, Idaho) 1891-1900, 1895-04-27
THE DE LAMAR NUGGET,
Facts and differences.

political economy and in morals as II
mathametics. These are truths which
are automatic, or self-evident, and n,
process of reasoning. will make then
any clearer. In matters of finance
there are pro positions which require al
array of facts to substantiate. Wher
established, certain deductions are nee
essarily admitted There are also ak
IONS or self-evident truths which con-
stitnte the basis of all reliable reason.
ing aud correct judgment. We would
submit few facts in the matter o.
money and finance with the differences
drawn from them. 1t is a fact which
cannot be questioned that in all the
ages silver has been the favorite instru-
ment of exchange. 1t is fact that
when this government was inaugurated
and took its place among the nations OF
the earth, silver was chosen as the
measuring unit of values-as the money
of the constitution. 1t is fact that for
so years it was the unqueslioned and
approved money standard and was at all
times the favorite of the people. 1t is
a fact that in 1878 the silver dollar was
stealthily dropped from coinage and
the standard was transferred from the
silver to the gold dollar. 1t is fact
that down to that date the commercial
value of the silver dollar was 3 cents
more than the gold dollar and had been
at premium at all times over the gold
dollar. 1t is fact that in consequence
of the lower estimate of silverrelatively
to gold by our coinage laws, compared
with the coinage laws of European ma
tions, silver was exported, so that only
about SIS, 100000 of silver dollars had
ever been coined at the American minis.
On account of the different ratios pre-
vailing in other countries relatively TO
gold, it was found impossible to keep
in this country our fractional silver and
to prevent the expectation of our sub
sidary silver coins that our Congress
passed law that our dimes, quarters
and half dollar pieces should be made
ten per cent. light, that ten cents should
be added to ten dimes, four quarters or
two halves to be equal to the dollar of
3714 grains. This prevented their en-
igration, and their use in the arts. 1t
is fact that at the time OF the demon
etization of silver neither silver nor
gold were in circulation as money and
there was Therefore no obvious reason
for the Acknowledgement of either silver
or gold. 1t is fact that the diverge
in the yalne of the two metals began |
v hen the unfriendly legislation struck
down the silver dollar as standard Of
value.
1t is a fact that all the financial legis-
alton by Congress since the act of 1873
vas designed to still further degrade
silver and increase the purchasing pow
Or of gold. 1t is fact that it has been
he deliberate and studied purpose of
Congress and Government officials to
o dishonor and degrade silver and
lrive it to companionship with cop
,er and other baser metals.
1t is fact that there has been since
he act of decentralization steady de-
line in the price of agricultural lands,
q wheat, corn, cotton, in live stock,
,oods of all kinds, and in the wages of
abor.
All commodities have deprecated
nth the single and only exception of
old.
1t is fact that labor and its products,
arms, mines and manufactured goods !
ave gone up and down with the price !,
+ silver bullion.
1t is fact that enforced idleness,
poverty, want and crime
ave been ON the increase in this land,
bounding in all the necessaries rnd Il
lxuries of life. f
II is fact that mines, factories and T
orkshops have been closed because of f,
le depreciation in the price Of their a
roducts and the consequent inability f,
the needy to supply their wants. h
1t is fact that bonds, mortgages, II
zed investments, salaries and stable u
comes have appreciated by the in O.
'eased purchasing power ofgold. tc
1t is fact that the relative produc- r,
on of gold and silver mines has not a,
IAN disproportionate, but has been for a
INJURIES in accord with their coinage d
ito, established for our Government k
Is of silver to of gold. w
1t is fact that the United States is h
pable of establishing its own stand ia
de and able to maintain them without fo
king the consent of other nations. q,
II is fact that all international con- a,