Mohave County miner. [volume] (Mineral Park, A.T. [Ariz.]) 1882-1918, 1896-02-22

that the day 10 not distant when the arts
and manufactures will require ever,
grain of gold that shall DO mined, and
will draw in addition Dpon the stock oil
coin and bullion.
Thus, AZ shown already, their con
sumption Of gold in 1885 was s., l i0, 500s,
and their requirements for gold prior 10
that date we're rapidly increasing and
have been since. During the last cen.
tury. the amount OF gold consumed OF
having disappeared Was 300 OBJ, 0OJ$.-
an amount largely exceeding that which
the world is now estimated to possess.
The diminusiveness Of this quantity.
6,1Sl tons OF gold, will perhaps be more
fully comprehended by bearing in mind
that 1t would not make q full cargo for
ore Of our first Glars cruisers. The lore.
going facts clearly indicate, that gold a,
no very remote iuture will 40 out Of use
as money.
With respect to the m Aans OF this coun.
try to meet it's requirements. reference to
the report Of the Uoi'ed s ates Treas
urer shows that in 1893 there was in ihr
country 650, 0OO, COOS Vi gold. That thr
amodnt has been largely diminished
since that date, is we'll Known to most,
some putting the amount of gold now 10
the country at 100000. zoos and others q,
less figure.
On gold basis the relation. at heat,
subsistiD2 between the country's means
and it's requirements is not more favor.
able than that that hitherto found 10
subsist between the means and require
meDts of the world, VIZ: 70 1871.
This great disparity may well csuse
alarm. So limited is gold In quantity,
80 precautions with respect to it's future
prospects. and so subject TO the control
OF article, that The policy Of making il
The cole standard Of the measure OF
wealth and the instrument OF exchange
OF different kinds Of wealth. seems not Is,
accord with reason and the welfare OF the
country. The operation Of the policy
may be fun for creditors, but It 10 death
10 the debtors.
Civilz alton IL governed bv the law OF
change. IL has no middle ground upon
which TO stand. 1t must OF necessity
move forward or back ward. II IL move
forward, j, must have ,uffirient money.
standard money-so measure all the re-
q ,iring values Of wealth, and to meet all
requirements Of the exchange OF wealth,
without liability of nnctu.fion from the
eRlrts OF conspiring money operators.
II is strange, passing strange, that sny
one. having At hear, the welfare OF HE
county, and mindful Of The virtue OF
veraciry, should IN presence OF the record
OF facts, venture to sssert that zone
standard Of value is the only possible
Standard" unless ,utle meaning be
attached to the expression, zone stand
ard Of value" II it he meant that only
one substance, M gold. or silver, or
platinum, or tin, or shell, can ne the
STANDARD OF value," the assertion il re-
fnt-d by long experience. Eirope, from
early times down to a late date. I'm
ployed both gold and silver as the ''stand.
ard Of value" Thi. country in it's col.
oDial and confederate conditions did the
came. The United States from The foun.
daiion OF the government (constnuiionsl)
down TO 1873. employed both gold and
silver, in accord with an act Of congress
making the standard unit Of value zone
dollar" Of a certain fneness. Thus, from
1857 10 1873, embracing period Of 1856
years, our country employed both the
silver dollar and The COLL dolla,-pQnsl
one TO the otbef-as the standard nnif
OF value. and az redemI ton money. Thus
IL Ia seen that from time immsmorisl
gold and silver worked together hsr.
mon.onsly. A greater production OF one
or The other did not affect the parity ep.
tsblishpd between thsm.
In 1873 silver was demonetized. l.
WAS done, ray monometsllists. on ac
count OF an immense over production Of
eilver. But not word OF snrh import
was spoken on the floors Of Congress- to
indnce it's demonetiz ,fion. Besides, the
United States statistics prove this aver.
meDt MEASUREMENT Of fact, whether
the past, the then present, or the future
prospect be made the criterion by which
to judge. Tins. in 1873. the worlds
urodnct Of gold was QR 2n0 nOOx and lie