The River Falls times. [volume] (River Falls, Pierce County, Wis.) 1894-1933, 1896-07-21

seems to me Ill view Oh lHIS ldCtJ Cstu
+ claim that the decentralization OF
silver was because Of the increased
production of silver.
There certainly was no need CT
/ demonetizing it because OF int owen
fence, as paper based upon It could
| be used if necesSa AIRY. As far as the
concerted action of foreign powers in
this direction was concerned, | be-
lieve it was due to the money arl-
stocracy of the old world. The men
who by reason of their wealth shaped
and controlled the policy OF these
nations, saw that silver was neces-
sarily power in the hands OF the
people less easily cornered and con-
trolled than gold, and legislation it
self had it's origin in the selfishness
and tyranny OF the moneyed power
/ OF European nations.
But the general result has been to
drop out OF the worlds money nearly
Eone-half it's volume and to place an
almost double strain and burden
upon gold to perform the money
| functions OF trade and commerce
among mankind. By a law as nat
ural, as silent and as potent as the
law of gravitation it has raised the
purchasing power of the worlds
dollar until it requires nearly twice
the labor and the fruits OF labor to
obtain dollar, than it did before
this disastrous, suicidal era began.
/ All sound political economists
agree that an era OF shrinkage i'll vol
ume OF the world 8 money is and must
be an era of falling price. We need
political econ omst to tell us this;
reason and common sense teach
and the worlds history confirms it.
Between 1870 and 1884 the United
States paid of national debt $75,-
O0O,OOO,OOO; yet it has been shown
by good authority that if we reckoned
the national debt i'll eight leading
commodit es-beaf, corn, wheat, oats,
pork, cotton, coal and bar IRON the
debt was nearly fifty per cent great Ell
after than before We paid the SEVENTH
five billion dollars. 1t is said that
in 1866 we could have p lid the deu.
with Ii million bales OF cotton. Be-
tween that an 1894 We p,i what
| - hoI
OF cotton, and it would still take 81
million TO pay the remainder.
In 1866 we could pay the debt with
one billion bushels OF wheat, but in
1894 it would still take two billion
bushels after having paid in the mean
lime five billion bushels in pi inciplt
and interest. And yet, in he face O
his alarming condition OF things
we are told that We
must wait for foreign powers to tax
the first step towards plain and SIM
pie Justice to mankind and TO the
worlds humanity. 1t is claimed Oh
God authority that any strong com
mercial nation could maintain b.
metali~m independently OF the resi-
OF the world. France and the Latin
Union maintained it for period OF
70 years at ratio OF 15B to /, and
during most of that time Gre at Brit
ain maintained the single gold stan
lard. have faith enough in the
power and greatness of this republic
to believe she could maintain silver
| at Is to / in defiance of all the Other
powers of the earth; if she cannot do
it, | am in favor Of having our nation
lead the march of thenatiOns of the
world towards this condition of trut
and natural justice.
/ Here Mr. Nye drew striking picture
| the stGggli coonists of the revolution
bidding defiance to British oppression, az
compared with our expanded territory, popu-
| lation and resources, and asked who could
| doubt that we were brave enough, and in
dependent enough To still lead the march to
| tinanci | as we'll as to national liberty.
l am prea ching no new doctrine a Re
! pubacan; l have again and again as
| Republican upon the stump in this country
| and n this state maintained this doctrine,
/ which was until the 18th day of June, 1896
IS much Republican doctri ne as the sermon
/ on the mount is the doctrine of Holy Writ
The Republican platforms of 1885 and OF
1892, and the state platform of this and most
| every other Republican state in 1871, pro-
/ claimed this true and essential do tr
Turn now to the Republican platform
/ adopted In ST. Louis in 1896, which declares