People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1896-07-02

money mass, to respond to the demands Of
debts and business and to support with
broader basis the credit fabric Of the world.
Said Mr.. Cernuschi, French delegate at the
monetary conference Of 1881:
THE law by placing the yellow metal
and the white metal on the same footing,
BY establishing fixed and invarisble ratio
between them, has made them really
single money"
Thus fellow citizens, they must be con.
sidered. Thus treated they become such
a money, and II so We can regard with
perfect equanimity, when the system is
once established, the going out Of one and
the coming In Of the other metal The
ebb and flow would be perfectly natural
and healthful movement, marking the
frictionless adjustment Of the money vol
ume to the demands of trade and Of local.
ties II gold starts 10 leave Us today, we
bave nothing to take Its place, and 50 we
keep hanging on to 1t, the amount Of our
desire to keep 1t the measure Of our nscss-
stiles for 1t, being registered In the fall Of
the prices Of all We produce or make.
This Is the greatest and heaviest premium
money can Command. II silver were also
primary money, when gold wanted to 70
30 badly 1t might go temporarily and sat
isfy the wants Of somebody who would
give more for 1t for the time being than
We would. Under present conditions we
pay more than it is worth to keep 1t. A
premium Of 30 per cent paid In all our
commodities Is today the premium on gold
In the United States 1t isn't worth the
sacrifice,
In this connection draw your attention
to the following extract from the final re-
port Of the English commission before
mentioned. This portion is signed by the
10 members Of the commission, gold mon.
ometallists and all, compri sing the great
est specialists in England:
Sec. 49, Looking then to the vast changes
which occurred prior to 1873 In the relative
production Of the two metals without any cor
, responding disturbance in their market value,
it appears TO US difficult to resist the conciu-
sion that some influence was then at work
tending to steady the price Of silver and TO
keep the ratio which it bore to gold approx
nately stable.
Sec. 192. These considerations seem to sug-
Iest the existence Of some steadying influence
In former periods which has now been remov
cd, and which has left the silver market sub
ject to the influence Of causes the full effect Of
which was previously kept in check. The
question therefore forces itself upon Us, Is
there any other circumstance calculated &c
effect the relation Of silver to gold which dis
tinguishes the latter from the earlierS
Now, undoubtedly the date which forms
the dividing line between an epoch Of approx
mate fxity in the relative value Of gold anC
oliver and one of marked instability is the yea
when the bimetallic system which had pre-
viously been In force In the Latin union ceaseC
to be in full operation, and We are irresistibl,
led to the conclusion that the operation Of tina
system, established as ii was in countries tn
population and commerce Of which were con
siderable, exerted a material influence upol
the relative values Of the two metals.
, So long Is that system was in force "
think that, notwithstanding the changes 1
, the production and the use Of the preciou