Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1896-03-29
No Dnnr.r From Free Coinage.

uhyS ago tlht mas eve Deen maue II
the Senate. Following is the closing
portion OF his speech:
There Is no danger in restoring hi
metallism. There is not gold and sill
yer enough in the world to apswert the
purposes Of money. / make that as
sertion boldly. appeal to the rec
ords. 1t has never been produced
in unlimited quantities, and it cannot
be produced at the will OF man. Read
your histories. See the wars Of con,
quest and the slaughter and the rap
inc which have been carried on for
the purpose Of getting gold. Read OF
the lives and the fortunes that have
been wasted and destroyed in seeking
after gold. There never has been a
nation on this earth that has ever had
gold enough without silver for mon.
etary purposes. You can not find a
nation that had more gold and silver
than it could use for monetary pur
poses. II all the gold and silver com
bined produced in the world for four
hundred years from 1893 to 1873 we're
in existence to-day it would give us
only sli.iS per capita. Four humid
red years production would give the
present population sl44S per capita,
and all in existence a. money to-day,
all that We can find today, would give
US only S634 per capita. To-day We
have in the world. over $500. $4,000
Of irredeemable paper money, IRE.
deemable for the lack OF gold and
silver money with which to redeem
it.
The struggle for gold continues. Ii
goes from nation 10 nation. back and
forth again. il has been flying like a
shuttlecock between New York and
London for the last two or three years
frequently not unloaded II London,
not taken off the ships but brought
back here.
Bimetallism is 10 experiment. 1t
has been tried and sustained, and it
has been the worlds unbroken sys-
ten since Abraham tramped out Of
Uz Of the Chaldees up to ISlG, when
Britain established the single gold
standard. Gold monometallism is
purely q British invention, the fruit
Of British avarice and greed. Out
side OF England it was practically I'M
known until about twenty.six years
ago. Since then it has been expert
mented with, and the disastrous results
have been correctly stated by Secre.
tary Carlisle when he represented the
yeomanry OF Kentucky in the other
House in 1878.
it is now high time to cease pre-
dictions and give silver a fair chance.
1t cannot make our conditions
worse.
Gold and silver are the most suit |
able metals for use az money and Il
measure Of value and have been used
from time immemor!al and are more
stable in their values than any other
two metals. They have never been
produced in unlimited quantities, like
iron, lead, copper, zinc, and most other !,
metals. Hence no people have ever
been flooded with gold and silver or
either. Linked together as equals in
money use for one hundred and
eighty.fly years prior to 1872 they
maintained a most remarkably stable
ratio during great changes in relative
production. sometimes 10 per cent OF
silver to % per cent gold, and then 10
per cent gold to % per cent silver.
Link them together again by outlaws
as yokeiellows and balances to each
other, as we had them prior to 1914.
the history Of the world shows they
will prove equal yokefellows. Year
by yea. the coined money disappears
in numberless ways, known and un.
known. The annual production does
not keep pace with the increase OF
population. commerce, and industry
and the increasing demand for coin.
ed money.
There is no possible danger that We
shall ever have too much irredeem
able money Of final payment and re.
demptiOn, either OF both gold and sill.
yer or OF oliver or gold. Infinite
wisdom and power has so distributed
these precious metals i'll the earth that
all the people combined cannot find
them or either OF them in unlimited
quantities or in grcGter quantities
thun they can use for money. Search
tle worlds record from the day
when h'lam aud I've were driven
fro the garden OF Eden, and you
will not find "a nation that has had
more gy.l and silver, or either, than il
cu'li %p-oIitably Use
ihcn give us back our democratic
bime,alIic system by restoring by
our laws the silver dollar to the old
place it had in our laws prior to
1873.
"c should either establish by Our
own laws our monetary system in our
interest and for our own advantage,
and then maintain it 10y the many e..
fectivc and amply sufficient means
we possess, Just ms every other indie.
pendent, sclfrespecting nation docs,
or else we should surrender back TO
old England, whose power VIC have
twice deiicd and triurnphantly rcpul.
sod, our independence; confess our
incapacity for self.goyernmnnt and
place ourselves under her selfish and