The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1896-08-20
aoID-BUG INCONSISTENCIES.

The gold bugs are the most inconsistent
people in the world. Their arguments,
II such they can be called, are perfect
tangle OF contradictions. They tell You
that free silver will double the price Of
everything but cut the wages Of the
workingman in two; that U. S. bonds
which are payable Ia coin, either gold or
silver, and which are eagerly grasped at
premium, will be hawked around at a
discount. They neglect to say, however,
that buyers cannot be found for New
York bonds, the interest and principal OF
which are payable IN gold They claim
that our trade abroad would be ruined
but why they refuse or cannot state, and
failed to quote from the London Fiaan-
cioi News which says that "if the United
States we're TO adopt silver basis to !.
morrow British trade would be ruined
before the year is out" They say the
country would be flooded with debased
money but make no mention OF the fact
that our mints can turn out no more
than $50 ,000, 600 annually which would
be less than 81 to every inhabitant. They
insist that factory hands would be paid
in fiity-cent dollars but glide over the
fact that thousands Of our factories are
now closed and operatives are receiving
nothing. They tell you that business
would be ruined but ignore what every
brakeman knows that business has al
ready reached that state and that it is the
lucky merchant who with economy and
bard work can say that be hes not run
behind and Is not poorer than he was the
year before. Mr.. Frank III. Cooper, OF
the great firm Of Siegel, Cooper & Co, Of
Chicago and New York, the largest re-
tail house In the world. who has Just re-
turned from Europe has the following to
say on the subject:
I'VE can make everything over here
that is made abroad, but with Mckinley
as president our currency may become
even more contracted than 1t is today, as
single gold standard, II adopted, would
work ruin TO this country and make times
harder than they are.
II can't see anything but good to re-
suit from the free coinage of silver. True,
1t will benefit the mine owners but ID will
also benefit the miners and benefit the
west. It will give the farmer money; it |
will make better prices for farm products
ii will make the farmer q buyer in our
markets. Times can be no worse than
they are at present. Our currency is
not expansive enough for the demands OF |
the people. France has $40 per capita OF
money in circulation, and its people are |
and happy. We have but see !
per capita. We need more money, and |
Tree silver coinage win put an end 10 |
business stagnation.
'sour factories are closed and our arti-
sans aud mechanics are out of work. |
More money will make higher wages, |
better demand for goods and q revival OF |
prosperity. Goods and produce are too
cheap because people have no money to
buy them. The depreciation in prices on |
some lines Of goods has been more than
90 per cent in the past six months. Can
merchants and manufacturers stand
fhis?
with free silver the price OF wheat |
and corn would enhance in value at once. |
Dollar wheat for the farmer makes him |
look at his clothes. When they are
frayed he buys new. He refurnishes his |
house, II it is needed, and 90 help to start
the furniture factories going again. 1t is
80 in all lines. The more money, the
greater demand for goods.
"a single gold standard would bring 1
prices still lower and more failures and
more disaster for the people. We are
partially upon a bimetallic basis now,
and that In measure is our salvation.
Contract cur currency to SIS or si2 per
capita and the result would be such as
no one could figure