Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-10-29

tute United States courts for the sup
preston of his just demands. and the
destruction of his organization. He
remembers the story of the spider and
the hy. He knows they are liars. and
consequently their lies do not deceive
him. He understands that the man
who deliberately shot at him yesterday
does not aeek to become his bosom
friend to-day, unless he has an ak to
grind. American workingmen are
not fools.
THE Reverend George Steel made
his long advertised speech to less than
one hundred and twenty-five people
men, women and boys-at the court
house on last Friday. 1t is but fair to
state that his audience would have
been larger had the weather been less
inclement. He is rather a pleasing
speaker, but in no sense convincing.
He made no attempt argue in any
proper sense of that term. The Rev
erend Steel is an Englishmau, and has
beer accused by a Mr.. Chance with
having declined to examine the Life of
Washington, with the statement that
he was not interested in that kind of
literature; that he then expressed his
preference for the laws and institutions
OF his native land, and stated that he
regretted that he ever became an
American citizen. His reply to this
was that he had read the Life of Wash
ington, at least to that part where
Washington stated that he could not
tell lie, and there he laid down the
volume in the full confidence that our
first President was not a Democrat.
We take it that this is an admission
he did say that HE WAS SORRY HE EVER
BECAME AN AMERICAN, and that he
preferred the institutions of his adopt
ed country. We think that the ele-
walton of the Reverend gentleman to
any Office in this country should be
delayed until we elect members to the
British parliament. He then would
be fitting candidate.
Mr.. Steel claimed that the mint was
always an auxiliary of the market;
that is, the coinage of a metal into
money had no influence upon its mar
ket value. If this is so, why is it that
from 1901 to 1910, when there were
produced fifty ounces OF silver to one
of gold, the commercial ratio was If
teen and one-half TO one, the world
over, and that in 1898, when the ra-
ito of production had sunk to 1876
ounces of silver to one of gold. the
commercial ratio had risen to 30.1S to
l? The minis from 1901 to 1910 were
open to silver throughout the world;
in 1898, they were closed to silver. 1t
will not do to say that this disparity is
caused by the enormous accumulation
of silver bullion, for in the period from
1901 to 1910 there were about thirty
tons of silver to one ton of gold, while
in 1898 there were less than Is tons
of silver to l ton of gold. Professor
Satheer, who made coinage study be-
fore the silver question was mooted,
says that if gold should cease to be
used for coinage purposes it would
sink to one-ffth of its present value;
but of course his facts and figures are
of no consequence.
Mr.. Steel stated that our exports
had decreased, thereby throwing our
surplus on the home market, thus
causing prices to become lower. How
do falling prices prevent expectation?
Is it possible that We cannot sell our
wheat and corn because they are too
cheap?
.'If one ounce of gold and sixteen
ounces of silver were placed before
you, would you not take the ounce of
gold in preference to the sixteen ounces
of silver? II you would, you are not
ia favor of free coinage" Demonetize
gold and remonetize silver and we
would gladly take six ounces of silver
instead of one ounce of gold.
We want to remonetize silver for
the reason-1st, that every working
man can have FIVE dollars in the saw
ings bank where he now has one. I'd
That every member of a building
and loan association may provide him
self with three houses instead of one,
even if the officials do not make so
much money as formerly. Sd-That
it will enable the worker to carry FIVE
thousand dollars of insurance Cor his
wife and children. where be now can
hardly carry one thousand dollars.
4th-That it will give the pensioners