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

{ silver VI the world, tucauso almost ~
> on more viiuaHie nt thls dine DO
i | other lanI. thhu /, WaulI he ~ nu
. miuis under tfru c0Iuaer. cur milt
} are nuauri Do free nuI ubiinitol COLI
ace % tho pI,toli ratio. mufclnuiis'
silver cannot come hlfui b.Cauf1 ini
iauof applet O. Do uaa mhiu o. H1fiH
more boz the fIIm %. mutCuhuultu illt
/ itwIll DO worth 90 cue miuf. w.
cannot even Ok oct aI0 sac unhI
pfodunt vi slvuL louiusH tu-iii
Chinn, Jaran aud Itziu on Hu il1
other sIIvff.uslug c1uuffrH must sAl.s'
~ thsif annual ute.n iIum Va lnuuA
! products, the hr's Will req iiIr o. l1'ts
nmuuat, md tho E0II s.atdsl H.u l'
tries will need r. clnHIlaflulN qual,i'y
Tor sutaNIi.ry r0Iu1rH. We Nlll %
! required fo CIIn u1y uli Wu'Ff ls ull
| rtuIud flsUwucfr, tut j. VIZ tlan
/ ready 3D. flsa sUI utilize al ui ~ IiIu.
nations Will Hf r mHtIlcd 90 tuy ut 'uo
! price wnItl W1 N..
sNauy rlr tlst tHr Hpualug uf cur
mIuia will 90 followed by 800 uuOrm ne
llcrfafe tn tle annual production p'
silver This leo. ItCtuIs. silver tai
been unclas money ug Thousands p'
years, anI duHup ail No that time toe
world hla never suffered from over
Production. uy any fynfIn thH sup
uly OF goli ur silver II the iuturt ever
exceeds the rquiftu uu 40 tue nfis
ami tho needs uf Ouumrfcr, We cont'
| IDENTIFY bore that tHH intelligence OF
the people will bu tuni sent o. duvlst
and enact soy legislation NECESSARY Tor
| the protection of tho public. 10 D.
folly 70 refuse % the people tho money
which they now need, Tor fear they
/ may hereafter hhvr m Ife than they
need. I am drniy Couviucul inst ~
| opening our miut- 90 tree aui unlimlt.
| Cd coinage NJ lha present. ratio We can
| create o demand iof silver which VIII
/ Keep the pficu u silver bullion al Fl,2N
/ per ounce, measufcd by gold,
"SgmU VI .uf 0pp Inunls ntlf. buiDd
/ the TOLL In tho value VI silver WuUn
measured by gold 90 tbs fact tuting
the aalquafiur % century the wofll's
/ supply of silver has Increased more
/ rapidly than tho wJfId'a supply Of
| gold. This Argument u entirely an.
Hwefod by tho fact that during the last
i've years the annual production Of
gold has Increased more rapidly than
the annual production VI silver. Since
tho gold Price % silver has fallen more
dufiug tho last nvo years than 10 ever
ioIl in any previous nvo year, IN thc
history OF thu world, Il u evident TIA
tho ia,l l. not due 10 Increased ptUduU.
tion. Prices eau be lowered ~ enau.
iuaily by docteaSing the dvmsnd f1rau
article Ne by itofoasinE thC supply ni
%, nu1 ~ tgtmu certain inst tho tall iu
The gold prlcu OF silver 10 duo 70 hostile
legislation aud not 10 uaiuul laws.
Our opponents cannot ignofo tho fact
that gold u now going abiuaI in spite
OF ull legislation ~ prevent 70, auI 100
silver II buiug coinbi % take iu place.
Not only Il gold going abroad now, but
u muat continue 10 70 abroad as Iona
at the present financial policy To- adj
hofrd o., unless we continue 20 borrow
from across the ocuan, aud even thuA
w simply postpone tue evil, because
mo amount borrowed, together with
interest upon u. mutt be- repaid. Tho
American people now owe a large sum
10 European cfOdlt0fu, aud ialilng
prices have loit larger AMI larger
margin between our national Income |
AMI OUT national interusi.chafgc. |
There " only one way TO stop tue fall. |
lug pfices. The restoration oil bimuial. |
lltm Will not only stop falling prices,
but Will, 10 some extent, restore prices |
by reducing TIA w0Tle'a demand for
gold.
"liitis argued that a rlso ia pflees
lrtfnus the value OF the d0liars which |
We pay 10 our creditors. l reply that In |
the balancing VI equities, the Amen. |
cau people nave NJ much right 10 favor
a financial system which will maintain |
OF restore Iflcca ~ foreign creditors |
have % in6ist upon financial systpm
that viii reduce prices. Hut tho Ia. |
iutraIu ui society arc Tor superior b the |
Interests OF either debtors or broditota.
ana the Interests u t0cluiv dtmani a
financial system which will adi b tho |
volume Of tho standard money on Inc
world aud thus restore stability 10
pllcuH.
No ritINoENT DOLLARS.
"psrhaps tho most persistent mls. |
representation that VIC have DO answer
T. the charge that We arc advocating
the payment VI debts Ia hity,osnt dol. |
lara. AZ thu present time Aud under
present. laws silver dollar when
melted losea nearly hall ils value, but
That viii not 10 true when We again
establish n mint utlco Tor silver and
leave no suFplun silver upon the mar.
ket 10 urag uugn the price 0f bullion.
Under blmuialllsm, silver bullion viii
70 worth az much ss gold coin, aud We
lrllcvo that q silver dollar will bs
worth o. much ~ a gold dollar.
"fho charge OF Reputation oomes
WITH poor grace from those who nFs
seeking 10 hud 10 tho weight on rxist.
Ing debts by legislation which makos
money deareF, and who conceal THAR
designs against tho general welfare
uudeT the tuphoniouH pToloues that
Ihcy nto upholding public credit and
uaiional honor
"ln gnawot 10 the charge tbnt yoid
VIII gO abroad, Il must DO Remembered
lhht no goid eau leave this country IN.
~ tue owner VI tho gold receives some.
iuiug IN return Tor 10 which he WuulJ
rather have. In other words. wbsn
gold loaveB tue country thr,, VIZ
formerly owned 10 would bs benefited
There In no process by which Wa ran
uo com leleu 70 part with gold Hyaintt
ouI WIN nor ls there any process by
Mhleh SILVER eau DO forced upon up
HNhout our consent Exchanges are
IA ,ltefs o. AGREEMENT, aud n oliver
COMES 10 lhis country under fee COIN.
age u VIII 10 81 the Invitation Of som.
1ae "a TINS country who viii piy.
something In exchange Tor 10.
"lhose who deny the ability ol ia, /
United biulua 10 maintain ths paFity |
buiWeen goli nud oliver at the pTrg,gi |
legal ratio without fufelpn aid. r,irt /
10 Mexico anu assert that tho o6snirs,