Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1896-10-16

gold and issue it. / have never
heard that suggested. They can
retire the greenbacks. They won't
do that because to do 80 would
mean that to stop the drain of gold
to Europe banks on whom the bur-
den of redemption would rest would
have to raise the rate of discount
to 10 or IL per cent. We know
how that works, for we went
through it in '93. Ten per cent
would close every factory in the
union in year.
1T would also force down prices
to o point where the margin be-
tween our debts and our exports
would bc greatly increased.
think we may assume then that
they have no new policy, but mere
" intend to shoulder Mr.. Cleve-
land entire and pursue his policy
to the bitter end.
"Now, / want to ask if the con-
sentative men of the United States
really think the nation can stand
another four years like the last four
without o CONFUSION? If they
think there is no danger, ! have
not a word to say. If they are
content with the present situation,
then vote for Mckinley. That
ends all arguments. But If we are
in great fear of the future, then we
may consider whether anything
can be done.
WHO ARE THE DIsCONTENTED CLASSES!
81 am at loss to know how we
are to trample down discomfort.
The disconnected class are the
farmers, naturally the most loyal,
the most conservative and the
most long suffering of all classes,
the men who have here in Massa-
chusetts always made the body Of
the party. Well, throughout the
Union even republicans admit that
the farmers are becoming socialists.
You can't make those men happier
by trampling on them, nor are
! they men on whom it is good to
trample. Why not try to give re.
lief
"The question is to find out, i
we can, exactly what free silver
will do for us. We are told by
! the newspapers that immediatel,
? our currency will depreciate.
am happy to say such folly is no
= talked by all republicans. Senator
: Lodge said very truly and YER!
Q frankly that free coinage woul'
cause contraction. and for obviou
. reasons.
"Our currency is composed o
three parts of about equal magni
II tude. Paper, silver and gold. w
are supposed to have six or seve
> hundred millions of gold in Ameri
. ca. Suppose fall Of one per cen
y that gold would be drained t
= Europe, a contraction would fO
- low, and the paper and silve
y. y would raise to par. 1t did so i
- 1898. We know precisely by e,
s perience how the process work.
y the question they arises, what goo
~ would be done, for it would tax
u ,aany years to coin 500, 600, 0O'
~ and all that time we should hay
y contraction. That is what silvt
u men want. A fall Of gold, and OF
az currency Mt par.
"What the FREQ silver men
" after is not to upset America
y values but to affect the values
" the world. Throw 100000, OK
OF of gold in block on the Europea
=, market, and gold would be chea
eped; that is, values would ris
" our exports would cover our inte
d" est account, and we should have
favorable balance, as in 1880.
"What folly is this, to say tn
n, We pay in dollarsP We never CT
Is, pay in dollars we pay in produc
ng in wheat, cotton, meat and Il
ry like. At a debtor and producil
of nation our interest is to have pl
as ces of produce high and gold To-
Oh Therefore let our gold 60 to sw,
tn the general mass, and, once pric
to have risen, it will return to "
lie again. The more you hoard al
le. borrow and stuff your gold aw'
he in bank vaults, the more pric
in viii fall, and the poorer we sh,
&C. be. Carry thai policy to the en-
es, and we must certainly die of d
lss rot. We have but one chance, al
il that is to break the gold corn,
Swamp the gold market.
on Everyone knows that now t
he amount of free gold is SO sm'
I'd, that half a dozen men can any d
he bring on contraction, not only
ast America, but throughout t
ly. world, by locking up gold. 1t h
mt become one of the commonest
at. financial operations. 1t is prof
in able to the men who do it, but
NY ruin to the nation, and now all t
de- republicans have to say, is to q
nd NIT the evil, but tell us that
ose must wait until those men W
de- make SO much money by handli
of the gold market voluntarily aba
Of don their advantage.
at. "As we all have, I have thoup