Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-08-13

,oesf prcfunied, | believe It would
W, worked btneilcially and there
lJ nave been no trouble growins
,gT n, nus the eecfstafi,s u TIE
,.s.ury from the beginning OF rec
.ntt. f, nave Iunued n policy 81 re-.
,.snif z in gold W silver at the opt
ettbo holder of the paper anu " any
Vlt,fv had nftefwAfd httcm pied 10
.bsnao inst policy and force silver upon
v1n who wanted golj, Uf god uUun
man who wanted siiVef tareclally y
,sdp the attempt vt suci . critical
,,o5 ia No have had Ia the laut two
~. my Judgment 10 u would have
,sp very dlsistr0up.
81 10 not agree with the secretary
..i IL was wlso 10 follow q bad preCu.
81 but from BE answer 10 win be
- mai IN. fault does not lip with the
n,spbacAn aud the treasury, but rather
~ inc executive Officers who have
',ra 1l TO surrender "a right which
Gould have teen exercise lot the pro.
,..iion u tho Interests VI TIE people.
ms executive action bus already BEEN
nstp tue ,Auulo Tor more than $500.
Gi0GI1 iu Ionds, ami II 10 impJbsiulr o.
..t'maio the amount Of b1uu1 when
nav urtcaitcr BE- i'auou ~ this policy
'-riutiuuoi. We are told that hly OF.
,smrt gpun the part " the government
=, iedoem iH obligations IN silver
veud nut n uggmium upon gold, but
INV should ~ The Bank OF France
srsfeiafs the right 10 redeem NIL bank
p.ref Ia either gold or silver, hnd yet
vance maintaius the parity hetvton
s8lI and silver ut the ratio 10 lbff o.
ssi retains IN circulation mote siIyct
he, capita than NO DO In tho United
sllits.
not DUE 10 MACniNERY.
ON rrrly o. tue argument that In.
b1pvsd machinery has lsssoned the
siI Of producing silver, u ~ sufficient
10 fny thnt tie same u true Of the pro.
Juciiou OF gllJ, hud YET, uOlVith-
tardlng that, gold has risen In value.
A. matter OF fact, the cost OF pfO.
auction DOES not determine the value
Of the precious metals, except ~ IL
muy eject thu supply. II, Tor Instance,
Inc ros, u Producing gold should be-
feducoi % pur cont, without any IN.
crease 10 tho output, tho pufchasiug
plWer OF on ounce gold would NOS
nL 10 long a. thUio 10 n monetary
demand tuill,lnnt 10 take OF i1uI mint
rice ~ tho GOLD ana oliver pfuducci,
tho tolt " production need not b. Coz.
slfrftt.
81 8 often objected. that tho prices
Of ruiu nud oliver cannot he fixed 30
ulsil0n 10 each other because OF the
yanAu0n IN the relative PRODUCTION OF
The metals. This Argument also over.
looks the tact thnt " tho demand TOT
10th metals a. lZuu price " greater
tuan tue supply ~ b3lh, relative PR.
,ucltou becomes immattflal. la tho
early part Ui tho pfrsUat century tho
annual production Of silver was worth
al tue coinage ratio shout three tlmuH
ns much as tho annual production Of
r1lu; whereas, soon after lsiJ tho at.
uual production VI gold became woflh
Etout three tlmrs rs much, nj tho coin.
age ratio, nv the annual production VI
tii,of, nud yet, owing 10 tue maintn.
Marco Of ito blmUl allie standard, the
enormous changes Ia relative pfaduc-
ton hEd butt slight effect upon the
phlive values OF the METAL.
pESETiT 10 MlSE OWNERS,
at II 10 asserted BY our opporents
That the free coinage Of silver h 10.
tended only lot the tcntiii 0i the minu
owners, II must DO remembered that
NlNt fVlNhsN AAhNHh N'WNNA AAN lNlNN
owners any more than decentralization
IsoS away;and Il must alho be rumem.
tered that tie lnis when the dom0ne.
tuti1n OF silver has brought 10 the
nine owlefs IL insignificant compared
10 tie loss which this policy brought TO
ne f,st Of tho people. Tue restoration
0isllyor viii bring TO the people gen.
tfhlly many timUa % much advantage
A. the miners eau obtain from n.
While II 10 not tue purpose Of free
coinage 10 especially aid any particular
car, yet these who believe that thr
restoration 81 silver 10 needed by the
whole people should not 10 deferred
bIcsuse nn Incidental benefit viii C1mr
% tho mine owner. The erection O'
forte, the deepening OF hnftop. tue i'm.
lr1yrmont OF Tlyrru, tho erection Of
public buildings, all these confer Incl.
usulal buuunlH up0n yiduais aud
C.mmunillrt, hnd yot these incidental
benefits do not deter us from makiug
appropriations for these putposrr
whtnevor such appropriations arc
tecessary for the public good,
"lhn argument that eilver dollar
is heavier thun gold dollar and that
therefore silver Is lees convenient 10
ctiy 10 large quantilius, 10 completely
huswrf1d by tue silver certificate,
which II ss easily catflpI ~ tho gold
Certificate or any other hind Of paper
money.
10 10 ! - TIiE RATIO.
"rhefe are g.ms who, while admit.