The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1896-10-02

ENSS' $500 HE@>-rstSAN ',''
rights enjoyed by the masses. With the
foundation Of the empire Of the CAESARS,
though slavery still existed in mon
strous form, the MONDAY splendor Of the
ancient world was reached. The glories
Of Rome at this period can scarcely be
described in architecture and art the
grandeur Of the Imperial City in the
reign Of Augustus has never been equal
that far-reaching and costly highways
We're extended from the gilded monolith
| in the forum, whence al! distances were
measured, to the remotest parts Of the
then known world. A ter the Pnnic
wars and the conquests in Persia and
Asia Minor
Enormous stores of silver
,, and gold poured into the capital and it
was upon this that all the magnicence
and might was founded
Beginning the coinage Of silver in 200
b. G., the Romans coined gold two years
later, but the supply Of the metals was
limited and progress was SLOW until the
stream Of treasure began to pour its prec-
ious flood into the Golfer of the state from
the vanquished nations Of the outer
world. Then it was that the meridian Of
old world civilization and progress was
reached and the title Of Roman citizen
became q patent OF nobility which came
%T ha tad h1
within reach of humanity, Atlenyth the
conquest of the world having been ac
complished, the supply from the spoils or
war began TO fail, the mines ceased to
yield for want Of proper working and the
decline OF Rome and the world began.
The precious metals began to appreciate
slowly and to have more and more plir-
chasing power: the producing Glasses
steadily sank in physical and moral cou-
dition, a result which became accelera-
ted when the creditor class, with the par.
pose of increasing the taxes, By an impe-
rial edict
Demonetizcu Silver 4N
III A. y. 221 and made gold the only law
ful measure Of values and legal tender
money. Then the inertia and wf1ll eclipse
Of the dark ages began, low like were
these to the conditions which threaten
to come today from exactly the same
cause, the forcing upon the world Of the
single gold standard, is shown in these
remarkable words Of Horace Greeley:
"Labor lacked employment, since few
chose to plant or build or improve when
the resulting property would be worth
less than it cost Population, wealth,
prosperity, all declined and dwindled
under the combined influence Of labor in
shackles and enterprise and business de
void Of money wherewith to employ and
pay that which was still free, and though
the silent progress OF Christianity and
the fruits Of successive rruptons and
| conquests by barbarians and the pressure
Of general poverty and Wretchedness
combined to wear out slavery
Scarcity OF Money
still weighed upon the energies Of Europe
apN II " tilC SluoC VI t1C 1tlH ittIltil y
The discovery of America by Columbus
and the consequent rapid and vast in
crease of money, wrought a great and
sudden revolution. Prices appreciated; !;
those who boughtor built or in any man
ner improved We're almost always able
to sell at an advanced price upon cost.
Labor was no longer drug upon the
market but an eager demand at prices
beyond precedent steadily augmented.
The energies Of the civilized world re-
ceived an unWonted stimulus and wealth
was increased and comfort ditfused as
they never had BEEN
The weight of proof is immeasurably
in favor Of the proposition that the pro-
gress and happiness of mankind seeks its
highest tide when money, the life blood
ofcommerce, is plentiful enough to main
tain the unquenched lamp Of prosperity
upon the ramparts Of national life.
TO BE CONTINUED.
Republican Caucus.
The caucus of republican candidates