Daily independent. [volume] (Elko, Nev.) 188?-1915, 1896-08-14

hostile legislation and not to natural
laws. Our opponents cannot ignore
the fact that our gold is now going
IN epitee Of al legislation tn
prevent it, and no silver is being
coined to take it's place. Not only Is
gold going sbroad now but, it must
continue TO go abroad as long as the
present financial policy 10 adhered to
unless we continue to borrow from
across the ocean,, and even then we
simply postpone the evil. because
the amount borrowed, together with
the interest upon it must be repaid:
The American people now owe a
large sum to European creditors and
falling prices have left larger and
larger margin between our national
income and our : national interest
charge. There is only one way to
stop the increasing flow OF gold from
onr shores and that is to stop falling
prices. The restoration of bimetall-
ism will not only stop falling prices,
but will to some extent restore
prices, by reducing the worlds de-
mand for gold. If it is argued that a
rise in prices lessons the value of the
dollars which we pay to our credi4
tors / reply that in the balancing OF
equities, the American people have aA
much right to favor financial
system which will maintain or restore
prices as foreign creditors have to
insist upon financial system that
will reduce prices. But the interests
of society are far superior to the in
terests of either debtors or creditors,
and the interests of society demand
financial system which will add to the
volume Of the standard money Of the
world and thus restore stability in
prices. '
Perhaps the most persistent mis-
representation that we have to answer
Is the charge that we are advocating
the payment of debts in 50-cent dol
lars. At the present time and under
The present laws silver dollar, when
melted. loses nearly half it's value, but
that will not be true when we again
establish mint price for silver and
leave no surplus silver upon the mar
ket to drag down the price of
bullion. Under bimetalism, silver
bullion will be worth as much as gold
coin and we believe that a silver dol
lar will be worth as much as a gold
dollar.
The charge of reputation comes
with poor grace from. those who are
seeking to add tothe weight Of exist
ing debts by Legislation. which makes
money dearer, and who conceal their
designs against the general welfare
under the euphonious pretense that
they are upholding the public credit
and national honor. i.
In answer to the charge that gold
will go abroad, it must be ! re-
membered that no gold can leave the
country until the owner of the gold
can receive something in returnfor 1t
which he would rather have. In other
words, when gold leaves the country
those who formerly owned it will be
benefited. There is no process by
which we can be compelled to part
with our gold against our will, nor is
there any process by which silver can
be forced upon us without our con-
sent. Exchanges are matters of
agreement, and it silver comes to this
country under free coinage it will
be at the invitation Of some one in
this country who will give something
in exchange for it.
Those who deny the ability Of the
United States to maintain the parity
between gold and silver at the pres
ent legal ratio without foreign aid
point to Mexico and assert that the
opening OF our mints will reduce us
to silver basis and. raise gold to a
premium. 1t is no reflection on our
sister republic to remind our people
TINT tho limited Static IN m, ,,oh r,re otar