The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-09-09

trade are fought
There IS but one way known among
men to regulate the value of money, and
INA, saat Is 20 regulate its volume He who
can regulate the money volume of a ma
lion has within his power the nation itse.f
as wen as every Individual thereof. be-
cause ne can increase or decrease prices
IN general 10 suit his pleasure
he can enrich the few and impoverish
the-many. He can exalt those who ere
will.
For thousands of years those who have
UNDERSTOOD the science ana function Of
money nave so manipulated the volume
OF Il Dy legislation CT otherwise as 10 de-
stroy every civilization that has preceded
tne present one; and those persons who
now control. by law or otherwise, The
volume Of money in circulation in the
MorIo. VIII. # not restrained by healihful
anu proper laws. run the present civil-
zalon. such persons have no regard
what ever for those who create and dis
tribute wealth. who build Up nations and
who protect them in the hour Of need.
Iheir sole purpose is to accumulate as
much wealth as possible and
THEREBY EXALT THEMSELVES
at the expense Of the producing millions.
IL is they VINO secured the legislation
IN THIS country relating TO money and
ponds that has produced the condition OF
the people a the present time.
IL Is because people generally have had
no accurate conception Of the science and
junction Of money that has enabled those
VINO understood the question 10 secure
legislation in this country which enor-
mously decreased the quantity of money
in circulation and produced a correspond
ing 1aH in prices in general.
IL was they who secured the passage
OF the law OF February i, 1873, which de-
strOyed the use of silver for money in
this country.
BY that law one of the sources of
r1-r,- or and nc
the value-tRe purchasing power-of the
money thai has come from the other
source OF money supply, the gold mines,
has doubled and prices have fallen &C
cordingly.
They who secured the passage Of that
law were they who We're large owners or
money and of national bonds. BY mat
act the value Of their money was doubled
and the value OF their bonds was greatly
increased.
The acts of congress that have been
passed since 1865 relating 10 money and
bonds, with TWO exceptions, the act OF
1873 and the act of 1890. are among the
most infamous acts Of leg-s.at.on that
have been enacted by any government IN
modern times
Since the passage of those laws the
shrinkage in the quantity of money IN
circulation with respect 10 population has
gone on without let or hindrance, ana as
a result there has been continuous faH
IN prices IL general which has bank
iuileu ara lduIt-aLEti uliltlh ithlAAb1AS VI
our people and has paralyzed and 10
large degree has destroyed the farming
ana other industries of the country
THE FINANCIAL STORM
caused by those acts has continued with
aver-increasing fury for the past twenty
three years. and the sea of commerce and
trade in this country has been streNn
with innumerable financial wrecks OF
every character and kind.
The country during these years mas
been and is now afflicted with financial
and unless relief IS furnished
soon lhere is no telling what the conse-
lEences may be.
This condition OF things is the result,
and the result only, of the adoption by
his country of the British gold stand
irl." The adoption Of mat standard
means European cond io-s aAd lrces
Ii means more than European conditions
s9d prices; IL means ultimate Egyptian
conditions and prices.
The Republican party proposes to main
ain the present gold standard" and
therefore, j. is in favor OF present coad!-
ous and il viii not consent 10 & change
lntil other nations can be induced TO as
list in making a change.
When other nations consent to help
IS IN that behalf there VIII be no need Of
,elp, because we Will cease TO exist as a
lation unless we assert our independence,
IS IL is Low proposed 10 DO
It is in favor of constant shrinkaSe
pa INC Ntd4ltttN VI llD4.EH III GlICutEllOilp
md therefore II Is in favor of lower
lrices, and ii proposes, if 1t succeeds to
Dower, 10 further
PRESS PRICES DOWN
lnless they can be raised by increasing
axes.
i. proposes TO manufacture 10 more
aoleN lor The people except such as
nay be made out of gold.
ROW IS 1t possible Tor nation or an
lIlkfGnll hagDnTP nTOEnFrOUS
nnaily increasing the amount of taxes
hat are 10 be PAID is a matter thar IS
ey ond the comprehension OF the ordinary
and, ana yea This is the very thing that
ne Republican party proposes 10 DO If
laced in power again.
Before taxes can re paid money must
e tllst manufactured and delivered to the
eopie. Money does not grow; it is man
featured, and the congress alone in this
ountry has the power 10 make it.
IL IS amrmed by those who are in
avor OF The god standard that all
lat is necessary 10 be done to make
le people prosperous is 10 open the mills
nc set the Idle men to work. 1t may as
ell Dc understood first and last that the
,illS of thls country viii never be opened
lore Jhan they are at present until the
ILLS OF This country owned by the gov
-nnent in Nnich money is manufactured,
re nrst opened to the free coinage of
mis- OF money out of gold and silver
{ the rate established by The law OF 1891,
nd ur-I tley are opened there can be
0 prosperity, individually or national, in
lis country.
AS wei attempt to run an engine with
VI oil as 10 do business without money.
Inc miEl5 wherein money IS made are
ie most important mills to be kept run
ng IN this country, and
NO MAN NEED BE ALARMED
st there be more money made tnan the
eople OF this country need il the con-
icc Of their nus ness. Those mills TOR the
lst twenty-tnree years have been prac-
caly closed except 20 those who owned
ad eonrro-ed the gold mines of the
The battle of this campaign is for the
lrpose OF securing legislation which viii
sen these mills, and If we do not Sue =
ed the fight VIII continue until we do
lcceed-
It is said that what the people want is
npioyment, and II they had employment
ere would be 10 hard times, no financial
stress. Give 10 the people good prices
T their products and their services and
ey viii employ themselves TO the best J
Vantage there VIII be no idle men,
, surplus Of labor.
There never was financial panic in
7 The world when prices in general were {
sing. and there can be no general rise
prices unless the quantity Of money in !
rcu.auon increases.
Financial distress. bankruptcies, strikes,
mainaCons OF capital and of labor,
usts and syndicates can only exist when '
ere is a constantly failing market, when {
ices in general fail. Prices in general
n only fail when the quantity of money s
circulation with respect 10 population
creases The volume Of money in circu- J
ton and prices go hand in hand When {
e volume snr.nks. prices fan; when it :
creases, prices rise. 1t is
THE ETERNAL FALL OF PRICES
at pauperizes men, paralyzes industries t
10 ruins nations. c
Ihe National Silver party was organ g
ed for The express purpose OF securing 5
increase IN the quantity of money by
t free coinage Of silver so as to pre- g