The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-03-08
".71,.75n ,ImA%A FRIDAY. MARCH 8. 1893

ate and prolong, for this country, on
he conditions resulting from .he of
,rcat financial revolution which mas ~
aken place throughout the world IS IS
out as the patriotism and resources o.,
& the republic are practically un-Ier -
United and have ever proved supe- ds H.
rior to all emergencies, the embar- g 6
rass,ne,t the treasury department - -
~ Washington can be but temper !. !
The great fight for the destruction
of silver. as money, and the conse-
ouent reduction Of the world s vol II
nme Of money, is at an end IN the o
important commercial nations. Inc a
struggle hereafter, if any, will be 10 Z
remonetize silver. Corresponding r
prices for property, products, Sc Ii
curities. stocks Of goods and wages Ii
for labor are rapidly being estap,
llished on the new gold basis, ana
will now again become subject 10
Ithe fluctuations Of the ordinary laws
OF trade; namely, accretlon from
natural growth, depreciation from
the introduction of new processes
and to that great controller OF prices
onfixed monetary conditions'suppiy
:. and demand.
l-xcovEREp PAPER MONEY OUT
le STANDING.
: : There is possibility OF danger
Il 81 ahead in an attempt to destroy 'ne
:" worlds outstanding, uncovered pa
\. ner money, amounting now ~ II
7, rra,,nd numbers. to 81, SOC, ,OOO, wv
- - Rut in every country, excepting I'M
l'y ne tinted States (including the Unlte'
~ states to the extent OF 2OO,ooo'oV
! ! rational bank notes), this pap'e
he M money is profitable to private ina
: viduals. corporations or rum
g houses who are separated from, an
. y hostile to. the masses of the peop
10 ~ this question, and it is probao
a. that no attempt will be made gu
i'ua !; mo the remainder Of the century,
" least to reduce the volume OF :,
kind Of money. 1t Is indiVidua'
profitable to let it stand OF even
ears increase it, to those VINO iss
i,,ed il. and the resistance 70 It's
re- s,ruction would be too poweriui
rld's he overcome; and it would dlv
the the forces Of those who have sou
the the destruction Of silver. Inc pr
mat osition to destroy the $40, ,ooV,'
sther creenbacks in the United state
~ or alwavs accompanied by provis,
100 to substitute some other KIM
tates money in their stead; ana no .
eold netent authority believes that
cided possible for the existing amoun
~ money in the United States tc
further contracted in large amou
silver Taking this wide view, therel
.ound of the monetary situation OF
mill world. my answer to the severa
ndred terroratories put by the Comme'
hun Advertiser, as to what Is pes.
os,rov under the circumstances, Is 70
metal ommend that course on the pa
. half congress, President Cleveland
{ the our banking institutions, whicll
labor give to America business men
,lture. American farmers, hnancial p
Who Rut whatever may be the pom
debts the United States legislation ne
ter. it is gratifying to know :,
Inc of nothing can be done that VIII
y the ther reduce prices OF property
rler 10 duets of labor, which are now
,w give have been for over year. on
ollar Of ole gold standard basis. IT
when prices may decline somewhat
! - the nneration of existing causes
80 sell- f,,r,her money legislation cal
depress them.
capital ,.,.r A. rrRrHER AGlrATl
e coun- ~,
os the All those people who belleS
fall as higher prices for labor, hlgher
debtor for wheat and all other proiu
. hank the ground, and higher prlc
,.tralia real estate. and the products
: I,alv loom. would be beneficial IN
nan;cs business. have the satisiac
omerciaI knowing that any further az
n states of the silver question, which
imincnt, looking to its rel
; accom- zation and the consequent
demone- sion Of the volume OF
here in will be stimulant to all u
was not kets for properties, products
!, he re- curities. and not, as her
NO hv the prove cause for the contra
i the sill European credits, and conse
a deprcssor Of American :.
"A aver n Prices Of American securities
effects Of have had an international
pertv and have fallen to quotation
ion natur- that it is impractlcaoie %
peal and, liquidation, and unProll.a''
iimately at impossible, to sell tnem
. reduced for future delivery WIN
oney. the profit. Investment dcman
We have rope for American secu'' I
and have practically ceased, anu
oon which there is 20 danger oI sto