Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-08-13

vttismo.c convenient. Ut % must 90
! lite 800 tue silver nuI allvof r,ui1catoi
from cifcullti u end leave rothinf nul
cold as Icaal toaCor money. Are oul
! upf0uauts will. g Go 90 liuu tlnsncia
system which Will caffy out tueir pre-.
! crIiH o. "a .egItimaiu rJurlusiou, OF viii
/ they cDuii. 900 Go cloak ihrif ueuisns IN
ambiguous phrases
BuErALLisu SEEDED.
"rhcre is an actual necessity Tor bi.
/ motallHm a. well as theoretical DE.
tense OF 10. Dunug the last w nty.
/ three yslrb legislation has been creating
an additional demand Tor p1I, nu1
! this lAW.cfeatrd demand hiss feIuIttd
ia decreasing the uufclasinE power u
zach ounce % gold. Tue rest1mtiou
% bimoiailism in tuu Uuito4 States
viii take awhy from E0iI Jus' 30
much of De- purchasing power aH sas
HddBI 20 % by the decentralization %
oliver w iho United state. Tue silver
dollar o. NV held uu 10 thu EolI dollar
by legal tender Laws, aud NOS by fe.
ugmnit0n in wUfu, because tne stand.
lfl.Ulvuf dollars ure now rrdcumhhiU
iu gold either ty law vt by AImluistra.
tive power
owe C. ntond tho, frso auI unImI'.
OF Cliulgu by the u Hited States nI0uu
VIII raise ihu hlIlIUu value 0i lilvur 10
tia uIiuagu value, sud thus make silver
bullion worm 81 2J per uunco in gold
throughout tho wIfli. Thls pfDp0Hi.
lion is in keeping With natutni laws,
not in defiance 10 them. The bosi
Eu1wl law OF mmufcs 10 The law o.
supply au4 dUma. 81, We feC1gulEo
tnia Law aui On o. Uuf afgument upon
IT, We Hplly thls law o. money when
We taY q reduction lee TIE volume OF
money VIII fni.e The pufchallug power
90 Tue d9liafi We oil. appiy tue law ui
supply aud demand 90 F.lyof when We
say that "a new demand isf silver ott.
ninl by law vii fnisB thu Ifiuu OF III.
Vet tuillIu. Gold aud silver are ui'.
irrcni irJm other cJmm0liil,s in that
ihry are limiiuu 90 quantity. Cora
wheat, manufactures products, etc,
con he produced almost without limit,
provided they can bu sold 90 price
tuiliclent TO stimulate production, but
guli aud silver arc called precious
metals because they asc found, not
produced, THESE metal have buun tho
subjects " anxious search as Tor back
a. history runs, yot, cclrdibg ~ SIC.
hAfvoye calculations, all tue gold
cola Of the world can DO melted into "a
--.i0ot cute, anu oil the silver coiu ia
the world into d JJ.ioOt cube,
CAS- FiX IHE RATIO.
"Becausc gold aud silver are limited,
both IN tho quantity now iu hand huu !
HUHH a. q
lekisiatiun eau liz tue ratio between |
them Auy purchaser who Stands |
ready o. take the entire supply or any |
given article At a certain price can pro- |
ucut tneiafticlo ir0m falling below mat
price 30 the Government eau ilK a
price ilf gold anu silver by ofvniing q
demand greater than the supply. 10.
tuinsIion olmeualliits believe that ~.
stal nations, by entering into 40
agreement 70 coin ~ a nKrI r .ti0aii
the Eoll aud silver pt,s.uia., can
maillain the bullion value 90 $3.50 muI.
ais ~ tho mint ratio. When o. mllt /
price 10 tuus established, 90 regulate
she bullion ufiUc, because any person
desiring c3in may have thu bullion
converted into cola 90 that Price, anu
ANY pufsIn ltalfing bu!liou can secure
u BY melting tho coin. Tho question
ulOn which International bim1tislisls
sul Independent bimotaiiisis q Ter 10!
Cau iur United btalcs, By tue ifuu aud
coinage oil silver NJ tue pres.
cut luEal Tall0, create q demand lof
oliver which, taken ia connection
with ihu demand already In existence,
viii DO sufficient 10 uulIEs all tue
oliver 'lat vail be Presented al thu
miuu2 They agree iu lhgir lolunte
OF bimUtallc priuCipIcs, aud they
agree 10 unalltiablu Opposition
20 tho gold standard. Gu,rruu.
ulnal blmrtAllsta cannot complain
that free c0inagc gives benefit 10 ths
milne owner, because International hi.
mrlhilsm giyus u tho owner Of silver
al the advantages offered By iude.
pguleut himotallam NJ tho ratio dKeu,
International bimclalitts cannot accufe
Tue advocates VI lice tiivof Uf being
tulll.u'0wuCta Who lpsiit 20 falsr lhe
value % thulr bullion, % dubIOfa who
icslio 10 pay their debt in chuap dol.
lhu, OF dumaE0guoi who uutlro 10
curry favor " IA thu people. They
muH' rtat lhuir DppIsliilu On one
ground only, namely, tuat tho supply
oi silver available Tor collage id 100
large to bs utilized BY the unitsl |
States.
IliE oliver suppLY.
"ln discuising tbls question We
must consider The capacity uf our pso.
plo % use silver, anu The quantity of
silver which eau come % OUT minis. IL
must DO remembered that We live In 4
country only partially developed, aud
mat our people tar sufpafs any equal |
lumber oi people IN The world iu |
lholf power 10 commune anu /
produce, Our exttnsiyo railroad /
and enormous la,
'efnal olmmetoo must also bb taken