The Maryville times. (Maryville, Tenn.) 1884-1944, 1896-07-23
THE BOILERS APPEAL.

Feoiish Reasons Given Ger Their Action
By the Belting Silver Republicans.
At q secre. conference of the boiling
silver delegates TO the st. Louis conven-
ton an address TO the people OF the
United States was agreed upon and
given TO the press. This declaration of
free coinage doctrine was prepared
after careful consideration by Senators
Teller, Dubois and Cannon and other
silver leaders and may therefore be
held to embody the strongest argu-
ments which can be found In favor OF
the silver standard.
The grounds on which Senator Teller
and his associates ask for support arc
the assertions that "the basis of our
money is relatively contracting;" that
"our financial policy is dictated by cred
itor nations;" that 1--WE produce all the
necessaries of life,while other nations
consume our products" that "the res
toration OF bimetallism by this coun-
try will double the basis of our money
SYSTEM" that failing prices are the
deadliest curse of national life" and
that 'bimetallism will help to bring
about the great hope of every social re-
former" of better conditions for the
human race. On this platform the
voters nominated Senator Teller as an
independent free coinage candidate for
president.
These claims of the silver republicans
are all untrue. Instead of contracting,
the basis of our currency is steadily in
creasing. The production of gold is
now about $200, 100000 per year, and of
this over $13O,0OO,O00 is added to the
worlds stock of money. Our stock of
full legal tender silver has increased
from less than $sO,0oO,O00 in 1873 to
$3.50, 100000 in 1896.
Our present financial policy was de-
liberately adopted by the representa-
tives of the American people in congress
assembled. The charge that it was die
tated by foreign nations is an unbound
ed imputation on the men chosen to
make our laws.
The idea that this is country of pro.
aucers while other nations are con
sumers only is too silly for argument
For every dollars worth of products we
sell abroad we buy back at some time d
dollars worth of foreign products
which we consume. We consume in the
long run exactly as much as we pro
duce.
The claim that "bimetallism," by
which is meant free coinage at sixteen
to one, will double the basis of our mon
ey system is not believed by the silver
ties themselves. They know better, fol
they know that with the bullion value
of silver at thirty to one, the cheaper
metal would drive out the more yalua
BILE. Thus, instead Of doubling the basis
Of our money, free silver recommendation
would cut it in two by forcing gold on
of circulation.
Failing prices are due almost entire
ly to improved methods of production
by which labor on the farm or in tn,
workshop can create wealth mor'
easily than in former years. Thi
means that the masses can ge
more of the necessaries and luxurie
of life, and it is therefore a grea
blessing, and not curse. Other rea
sons for falling prices are the nes
sources of production opened up II
various parts of the world in recen
years. The gold standard has ha'
nothing to do with the lower prices.
The claim that "bimetallism (silve
monometallism) will bring about tn
great hope of every social reformer
would be more convincing if it were &C
companied by information as to how
would do it, In the absence of proc
general promises of better condition
under free silver are altogethe
too vague for sensible men to take risk
) on. policy which depends on baseles
assertions and positive perversion G
facts can never gain the support of
majority of the American people, an
the movement headed by Senator TIE
Ter is therefore doomed to failure.
fufl