Santa Fe daily New Mexican., 1896-05-12
GOV. PRINCE ON BIMETALLISM
An Instructive and Mastery Address
by Hon. L. B. Prince at the
Court House.
SILVER AND The WORLDS COMMERCE
The Money of the Masses and How Its
Demonstration Affects American
Manufacturers - Loss to the
Farmer-Terse Figures.

Free silver and it's relations to the trade
and commerce of the world was the sub
ject of lecture at the court house last
night delivered by Hon. L. B. Prince un-
der the auspices Of the Santa Fe board of
trade. A large audience, one-half of
which was composed of ladies, greeted the
speaker President Webber called the
meeting to order. Gov. Thornton was
selected to preside and Gen. E. L. Bartlett
acted as vice president. The governor
said he deemed it wise and timely that the
people should assemble for the discussion
of 80 vital proposition as that involved
in the subject of free coinage and which,
he believed, could only be determined
IN JUSTICE TO HUMANITY
by restoration of the policy prevailing
prior to the demonstration of silver in
1873. He presented Gov. Prince whe was
greeted with applause. The speaker,
always forcible, logical and entertaining
on the rostrum, went at once into his sub
ject, and during his two hours talk he
was followed by the audience with the
keenest interest and frequently inter-
rupted by applause. He said the ques-
tion of honest money--the free and un-
limited coinage of gold and silver-was
greater by far than the slavery question
which brought on the war of the rebellion,
for that, directly concerned 100000
slaves, while the
STIRLING DOWN OF SILVER
by stealth at the dlctation of the great
banking houses of London and Frankfort
had brought untold suffering and want to
many, many times 100000 of the human
family, and had practically enslaved them
to the Skylocks. He demonstrated to the
the satisfaction of all that the silver
dollar was the first money not only of
our land but of the world, even in bibl-
cal times; the silver dollar WAS the unit
of value; it was made so by the constitu-
tion and coined and recognized as such
by congress under Washington. Sill, or,
he sald, is the money of the plain
people, the masses; it measures the price
of bread, corn, wheat cotton, wool, ETC.,
produced by the laborers Of the world,
while gold is the money of the rich and 10
controlled by the banking houses. These
shrewd bankers were fifteen years all
told
AT WORK by STEALTH
to demonetize silver. They had figured
out that by destroying the value of more
than one half of this money of the world,
: silver, that half which they controlled,
gold, would double in value, and their es-
Inmates had been verified to an extent
that did credit to their shrewdness but at
woeful sacrifice to the debtor GLASS the
world over.
The speaker quoted statistics to show
that ever since the demonetizatlon OF
silver in 1873, the price of money had in
creased 2 40 per cent annually, and
now the
ACTUAL VALUE OF A DOLLAR
as compared with 1873 was $1.52. Allan
q. Thurman, John G. Carlisle and James
G. Blaine we're quoted to show the dis
graceful trickery of congress in demone-
tizing silver. Carlisle, as a Democratic
senator, statesman and patriot, repre-
senting an enlightened people of SOW
ering state and free to tell the truth, was
quoted and compared to Carlisle, the Sec
retary of the treasury, and the speaker
said he thought the "falI of John q. Car
Isle was one of the saddest things In
American history" Many illustrations
were given making it clear why gold had
appreciated in value while silver, all
products of the soil and labor had depre-
ciated. The speaker used the term
"honest money" and said 1t could only
apply to the silver dollar, as that to-day
was of the same weight and value as it
was in the days Of Washington and Jeffer-
son and Hamilton;
IT HAD NEVER BEEN CHANGED,
whereas the value of the gold dollar had
steadily increased in value and was there
fore a ssdishonest dollar"
That class of superficial students of f.
nance who contend "for international bi-
metallism," for coinage of "the American
product and who argued that free coinage
would make America "a dumping ground"
for the worlds silver-all these came in
for clever scoring at Judge Princes
.------------------------