The DeLamar nugget. [volume] (DeLamar, Idaho) 1891-1900, 1896-05-30
Some Solid Arguments.

y
to laws has been the cause of the down
fall of all republics When the peopl,
of a republic, by example and training
become worshipers of Mammon, al
laws are made and constructed for thu
accumulation and protection of prop
erty interests, and the principles of hui
manity are neglected.
We are living under laws that are
making their impress upon our civiliz-
alton; that, if further permitted, will re-
suit as fatally to our republic and to
human happiness as have the feudal
laws of Europe and any that have over
thrown the republics of the past
Chief among our laws affecting our
circulation, defended by selfish inter
ests, is our financial laws, and that
brings me to the subject uppermost in
the minds of the American people.
PRINCIPLE OF BTMETALIsM.
The vital principle in bimetalism is
the right to use either metal If pro-
duction grow less on one, we have the
other, and the two together furnish
more stable supply of money than Ell
Their alone could furnish.
Under free coinage of both metals,
silver and gold are in competition with
each other to supply the demand for
money.
The right to use only one metal as
primary money. as is the law now, is
recommendation. 1t is like man with
one arm, one leg or one lung. Mono
metallism is one-lung monetary sys-
tenn.
Bimetallism is the right TO use either
or both of two metals. Only one may
be in use at a time, or partially one
and mostly the other If one grows
scarce, or is cornered by spectators,
we may use the other.
Under this law, with us, Sly grains
Of pure silver were put in dollar, and
% l-5 grains Of pure gold were put in
dollar, Is gold dollars to weigh as
much as one silver dollar. That is what
16 to means.
In 1873 the law was changed, andgold |
only was made primary money The |
mints we're left open to the free coinage |
of gold, but closed as to the free coin
age of silver. An unlimited demand
for gold for use as money was left
iD operation. The unlimited coinage
of silver was stopped.
EFFECTS OF DEMoNETIzATIoN.
With all the principles of bimetallism
destroyed, with silver thereafter used
as token or credit money, like our pa
per money, all resting on gold, silver
began to decline in value as measured
in gold, the only primary money, and
In % years it had declined so per cent,
or, rather, gold, under the demand for
1t, has appreciated.
ALI property not supported by trust
causes, or increased demand, fell with
silver as expressed in dollars. AS
measured in exchangeabie value with
each other, or with silver, they had not
declined. They have only declined as
measured in dollars.
With falling prices the people have !
been impoverished. Taxes have not t
been reduced.
They say that to remonetlze silver s
will run gold out of the country. Gold I
Is not in circulation now. 1t is cor t
nered. II
They say silver was demonetized ont
account of overproduction. At the
time siver was demonetized, the world
was producing so cents in silver to one :
iollar in gold; less silver than gold 5
The world is now-in producing o
about 50 cents worth of silver to one Il
lollar of gold.
They say it costs less to produce sill n
yer now than formerly, and that makes I
t cheaper. When man makes that #
statement to you put this question to r
linn: Does it not also cost equally less 9
% produce gold? II
WAGES AND WAGE FARMERS. Il
They say: Admitting lower prices, !"
armers can buy everything as cheap
s they have to sell their property for,
o who's hurt? NJ
They can't go and pay their taxes
nth the same number of bushels of Is
1heat that they did in 1873. Nor can /,
on pay your debts. II
They tell us that the increased pro-
uction of gold is going to supply so tc
luch gold that it will be cheap and g,
heat will go back to S13o per bushel. g,
he arts and sciences, including dem G.
stry and other uses consume the an D.
81 rn,r,r,I-- &c ..,Il al III =, ell