Rock Island Argus., 1896-10-25

AtNTAskA gSDllfl.st.ess-ts yaaal
LITTLE oNE nAa HsocuMF a
Ttioi SAND ~ a. lNPosslti.E
To TAINT TlE LEADERS oF TglE
MOVEMENT Wits l.Ack of r,oN.
MEEclAL EQUIPMENT pR A
PRACTICAL AcQt tAtNTANctsN WITH
THE BCoNoNic pgoDt.isN.
-'HANkERs AND NlsRCnA&Ts op
TuE VERY FIRST RANK nANE
IDENTIFIED THEMSELVES WITH
THE ONCE D1oSPtHisp DOCTRINE.
AND NEW ANn IMPORTANT An.
IiEIsf:NTs ARE SUBSCRIBING 10
IT EVERY nANs
The nahfsf-nrs hrid in she Nansian
Itnusr yesterday ana g. be eantinnaa
today. establishes bskand dispute
that bif7lrtzliisfn has 80 ifs bark. strn
Ia ENGLAND. an amount 81 talent basi-
nezs saEaritF. economical sxpsfsenas
and prrsonai authority. ahirh entities
its sds~s as-s. at least. to an Attanties
h@arinEs pn~ great point abgtt she
l@sasts is that thry af- Taarticai They
know What fhsf aani and a. hf tbay
want a. rhsy sfe lsirnrtaliisis under
IN. stress of living aud inrontestslls
| facts Their faison a'esrs is shs act.
uaiiiy nisd grefsuf- uf tbe rf-sent.
u iH an ainsust pathetic siEhi to ans
an abb economical Nfilsf iisr Nf.
DgnninE MACLEOD tfYinR 90 meet she
casr of depressed trsdr ssefssasd
industry. falling .Npofss. the financial
agony "f India. and toe Threatened
ruin of i-anrsshif. with his fnumiiinR
| of the dff bonss of antiquarian lore
What the pnbiss wants 8n the NaT 90
| instruction ts not the osainiaH of fsir
Robert Peel OF Mfs fnslsissof. de-
liNcred sisty-fauf yeats AEn. "a ben the
conditions had rnthin- Nhasesef 90
common Nith ihnfr mf today. Thry
do not drsir. Co b. fsa win she Sc
/ uaindrr biscuit af Obsolete aronomirfs
thcy want to- learn the Niou "f pFar.
teal men. engaged la commerce and
manufacture. as io how far Il is poszi-
bile ~ some measure "f currency So
form TO avert the r-fSia uharh threaten
our Ncry existence as . eofnhaefr iai na-
ti"a.
THE BiMETAl.i.IgTR ARE At
LEAST WISE ENorGH To DIRECT
THE DISCUSSION. - grAgAFTHIsY
1 ARE CONCERNED. tNro PRACri-
Cal. CHANNELS. THE APPgEcIA-
4 TipNpFgsptspi II it ia a AGING; EVERY
INTEREST. EITHER DIRECTLY on
INDiRErTiN. TfgE PAIL ~ THE
GENERAL LEVEL HF PRICES -
EtlNINr Assntrl-i.rt pARAs.-
WING MANrFA~TTRE. INPERils-
ING THE -RSiSTENrE pF TtsE
WAGE FARMERS. DESTROYING
THE TRADE oF THE MERCHANT.
CAUSING AZ ACCt-Nt 'tsArioN or
IDLE MONEY ron WHICH EVEN
EANkH:I.S CANNOT FiND PROFIT
ABLE EMPLOYMENT AND
THREATENING TnE 1NvEFroR.
WHO THINKS HIMSELF RAFls ~
A FINED INCOME. WITH TIsIs
MENACE oF ITS RAPID SHRINK
AGE. IL NOT ITS TOTAL DlRAp-
PEARANCE. ALL TlIis ~ Tllte
CONSEQUENCES on TlgE SINGLE
STANDARD. AND TisE DtssTRt-c-
TipN oF THE MONETARY Ft-Nr-
TIDNS oF SILVER NE MIST
DEAL. WITH THE QUESTION pN
ITS MERITS - 4 rt-gRfNT 1Ssi-E
AND IN THE Light ofa WHAT ~
GOING o% ~ THE WORLD
AROUND 49,. THE ECONOMICAL.
AND SCIENTIFIC OPINION coz TnIs
PRESENT DAY ~ \ VAST ~ Al.
MORE To THE POINT THAN TnIs
FAt.LAcIF,s oF s SYSTEM THAT
HAS BEES wEIGusDiN TIE BAL-
ANCE. oF EXPERIENCE AND
/ FOUND MiSEgABl.Y WANTING.
.
dress to the conference. dealt with
thre. questions Was lisisrtailiFtn pos
sibley Was u just aud equitable And
vas u expesii, ~ To each 81 thrsp his
answer. supported ~ arguments whirh
even opponents viii admit io be
N.iEhiy. was affirmative. % Reems Ia
us that the first at tbasa questions h.
Icy Ear the nspst important if joint
, standard. ~ which silver shall l,n re-
habiliiai.d for monetary rufp@ses br
; practicable. then th.fa ran nyt bu
. much worthy uf consideration in thr
contention that IL would b. contrary
To any prin-irl" of morality. Ana u
. it can i-e shown &" i.- bath i."ssii,ie
ana equitable. its -Sp-ii"nry. having
; regard to th. prfiiz mf ~" existing
: confusion. g. wsil nigh outside the nee
essity of any advorary. The rial crux
7 OF the whole problem ii~H in 90. ausa-
ton of praciicahiliiy. L. d possible 60
tx n ratio between two things of un-
certain and nuctuatinR valdez Tho
! monometalI!sis think that this D. an
unan-worail. poser. aud that they
hsV. otly to put il 10 settle the argu-
Inent for good. The answer. of conrfs.
H. that an International agreement.
, supported by legislative enactment.
would fix the ratio. quite irrespective
Of the factor Of . nuctuaiing produc-
, tion.
, TT Is TOO OFTEN FogGoTTEN
: | THAT GOLD AND SILVER. USED
= As MONEY. ARE SIaPIy MEDIA
or EXCHANGE. AND THAT EVEN
= THEIR COMMERCIAL VALUE DE
, PESDS To 4 LARGE. ~ NOT To a
. GOVERNING EXTENT. on THEII.
MONETARY NALTE. DETH ROME
GOLD As MONEY A%D YoU WILL.
| AT ONCE DETBRDNE 1T As A
: COMMODITY. SILVER HAS DE
; PEECIATED IN VAL
, az MAINLY BECAUSE 1T HAS
, ! BEEN OI-sTED FROM THE FOR
4 MF:R POSITION IN REGARD TO
, | CURRENCY ~ THESE METALS
: HAVE Az ARTIFICIAL NALi-E ~
/ MEDIA OF EXCHANGE. THEIR: ~
, I NOTHING T.IUSsfBLE ~ FI%TNri
THAT ARTIFICIAL VALUE ~ RE-
|, LATIoN To- DSE ANOTHER.
I what a. ratio should y. Ne mus;
; ieag. others 90 determine. our only
= contention Is that the auctnaiin< yIno