The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1896-07-25
M'CLEAR SHOWN UPI|
The Minnesota Cong ssmsn sstis
led withou,It
II 81 Gloves. n. g .s3's
PALACES or Hls sqsns INC
Every Position He sttsAssilrned sfs
~
Mere Piece Of TTics s.: 50 +. i,

81. (. a - :
Every Position He Has slltned ~
aMere Piece Of fl. 6 - sss,.:;
cry. Il & 80. 1
He shows on page rs That the United
States is. a great silver prodncinglscoun
try, and as protectionist ne proposes to
build UP the home market by striking
down the use of the metal as money of
redemption. 1t is true that silver coin
age-what there is of tin the United
States, is at present declared q mo nsY. 81
redemption. It is pronounced full legal
slender for the payment Of all debts, pub
Tic and private; but the governnnt, by
taking away the minimum mint price,
depriying silver Of the mint privileges it
formerly enjoyed on equal terms with
gold, ennasculates the legal tender quail
ity, which is what it purpoEts st1sbe, only
when the free coinage f--both metals
makes one as good as the other for the
payment of foreign debts by weight in
form Of metal or bullion. 1t is for this
reason that Mr. McCleary''s nse .Of the
word parity is another of those mtslead-
ing tricks which he seeks to disguise by
shouting 'stop thief at others. Parity
I s equality, and there can no equality be
imputed to metals one Of which is given
the protection Of a minimum price estab-
lished by the government, While the
other is deprived of that protection by
protectionists like Congressman. sMcClea-
ny, whose aim Is to protect the gold OF
81 IL, opsia -,
silver open to the manipulation of alien
speculataors at home and abroad. ?.
4, The figures of the president of the
Wells Fargo Express Company, ac-
cgpted by the federal authorities, show
that in 1872 the value of the silver pro-
duced in this country was SIS, 286, 900,
silver being then priced at over 81 per
ounce. The silver production Of last year
twas worth 35,274,777, estimated, by the
ssame authority at IS cents per ounce,
land Mr.. McCleary testifies that the av-
'erage annual amount coined since 1873,
cording to the Wells-Fargo tables, is a
nearly $25,00o 900 per year. The average
amount produced during that time, ac-
cording to the Wells-Fargo ables, is a
trifle over S35,000,O00, which leaves but
$40, 100000 plus the average difference in
pllCc pei OullCc UOIWCCA WudJ 0iAvCl W al
worth in 1873 and what it has sold for
since, to be used in the arts and for ex-
port. Now there was ,933, 307 worth of
silver shipped from the port of San
Francisco to the Orient last year, the
total United States production being
425,274, TT. The amount exported in
1895 plus the average amount coined per.
year since 1873, according to MI. Me-
n
American silver utilized, exclusive. of. the.
arts, and yet men are asked to. believe on
the authority of a congressman, that.
Qyerproduetion is the cause OF the fall in;
the price Of silver per ounce. The tables
Of John j. Valentine, president Of the
Wells-Fargo Express Company, whose,
annual circular is accepted as authority
by the government at Washington,
proves that. .thes.. nited. states has NOT
produced ON an average since 1873 more
than a fraction over $30000,000 worth
per year, while congressman McCleary,
Of Minnesota, declares enphatically that
the average coined during the period is
almost $25, 100000 per year.
There may be- people in Minnesota
who believe: that the United States; does
not export and employ in the arts more
JQdu Liz AulOulUI OI SllNCI. Represented
by the difference between these - two
sums, for it SENS that they send men to
congress from that state who publicly
profess faith in this extraordinary delu-
sion, but it is hoped that the cause Of
public education will eradicate the evil
in course of time. Until 1t does SO the
people of Illinois can only read the, rec
ord and wonder how men of that stamp
I. l. s,,{o Vp1n ,rr6a-
port shows that the United States has
never, from theFdays of George Washing
ton to those of Grover Cleveland, whose
golden calf is adored by the statistical
wonder from Minnesota produced in
worth of silver, the value being esit-
mated at the average price per ounce for
silver during the respective years. In
estimated at coinage value of $1:29 per
ounce, mined in the United States, and
that was the record breaking year. The
production has, steadily decreased during
the six years following, falling to $685.
speech the computer from Minnesota re-
marks in a grandiloQuent way that sthe
world now produces more gold every
llUILu ludu IL VIII LII a. ySdA udAl c!tNSAA-.
fury ago. but he does not cite his. au-
Morities nor speak of the supply of the
United States. s,'' <ssss
He does not explain, either, how it
happens if the worlds supply of gold has
Increased to over 5000, 100000 In 1895,
that the. United States government was
forced in obtaining it to payra bullion
.cornering syndicate a premium named
In millions, on the plea that 1t could. not
be had anywhere else. = I rset.rr q =
Does the financier from the North
fancy that the people of the United
States are not aware Of the Belmont
Morgan Rothschild syndicate deal? Flow
are men capable of putting twoGand two:
together to reconcile that squeeze, that.
corner in gold with the Minnesota figures
on gold production, and the McCleary
theory that increase in productions less
ems the value of the article produced ? ss
4 There is screw loose in the congress
mans logic, that while it may pass mus
ter in gold standard congress, and de-
Jude the people of Minnesota, win hardly
he accepted in a state like Illinois. THE
fact that President Cleveland had TO hire
d, syndicate Of alien money lenders to
mount guard over the Federal Treasury
to prevent it from being depleted at a
time when Mr. McCleary assures the pep
Die that the production Of that metal was
greater in month than 1t was formerly
IN year shows that his fairy alesMacks
stronger of romance than isfusilai when