The herald., 1896-08-31

rest is out as u man y CHeCh On the pdHh
You may ask by what rule the needed
amount of primary money may be es-
tmated. The answer is, when prices
cease to decline and property becomes
as valuable as money BY that mean
when investments cease to be perpetual
losses, and when production commands
a fair remuneration to the producer.
You can see the present need can only
be supplied by again fully rehabiltating
silver; by making the silver dollar again
a unit of values and. opening for silver
an unlimited demand.
| think | hear you saying. "But We
shall be flooded with silver. DO not
permit that logic to distress you. Sill
yer mining has been pressed for tour
thousand years that we know OF IL is
a most fascinating business. Stisi, II
we had dumped upon our shores All
that has been saved during all those
years. it would give to the American
people only $40 per capita. Gould you
not handle your $50? But you could NOT
get it, Onethird is now In Europe, III
daily use as money at 15ia to |. one
third or more is buried in Asia, and
from there silver never returns
There are still other features. Have
YOU noticed that your rural population
is starding still while your cities are
growing too fast? This means that the
brightest boys and girls are leaving the
fair farms OF Ohio and going to the cit
ies-mary of them to live by thelr WIS
Go to the records of your state and you
will see that the ratio of YOUR criminals.
lunatics ,paTpers and orces has in
creased dnring the past dft@en years,
even as prices have declined. Poverty
is the great nursing mother of crime, es-
pecially undeserved poverty.
You may ., sure that Senator Teller
told the trut in St. ] ouis when he said,
''Phis is a question of civilization
Rome conquered the world, but when
her mines III spain and Asia Minor gave
cut she went swiftly to decay. Ire
manhood of her men, the womanhood
of her women disappeared. and the
night of the dark ages closed down upon
Europe.
In a business sense, it seems to me
that the press and moneyed men of New
York. the directors of public opinion.
there are as blind as moles
With the rupee of India reduced one
half in Value, but st,ll the standard we
can sell in Europe only such cotton ana
food products as India cannot supply.
our best trade for the future must be
with Spanish America. the Orient ana
with siberia. when the new road shall
lee finished. All these are silver coun-
tries. We should have common coin
age With them ell, and with that estah-
liSnHt. II WOUiu Nol De iiltti cal uii'i
the worlds commercial center would
oscillate to New York city. But all the
power OF that city seems to be directed
to swelling the cry that we must accept
from ElEllnd the dictatior of how our
finances shall he directed, which, by the
way. is precisely the plan which impov-
erished the English masses for thirty
FIVE years after 1916 (see Carey's Social
Science, page 32S). and which compeis
us now to sell our textiles and food
products to her at half-price.
/ favor silver restoration, because:
% While nay gold has double purchas-
ing power. outside of mining | cannot in
vest it anywhere except upon falling
market.
(2) Under present conditions. produc-
tion gives 10 reward to producers.
go With no profit to production, pro-
ducers cau givt 10 wages to labor, and
the country is filing up dangerously
fast with idle men.
a. Because with every man driven
to enforced idleness, protection to cap
ital grows less.
90 Enforced idleness breeds hatred
of the suffering masses against the few
who have means.
(6D Because the workngmen of
America are brought into unjust COM
petition with the laborers of silver coun-
tries.
of us needs Vitalizing with American
brains. muscle and such vast amounts
of money that no mines can supply il
rapidly enoguh.
50 Because through the growing pow
erty of the humber producers, like tha
farmers, the .siors,dss'o OF the country are
becoming tainted; and crimes are in
creasing alarmingly.
60 Because | believe the Almighty
made no mistake when he placed silver
in the hills
G0) Because I love my country and
believe | would do better myself if my
fellow men could be made prosperous
which they are not row.
This is a rough and hurried sketch and
might be greatly smoothed down ana
/ elaborated, but | believe l have filled
the space you designated. l have the
honor to be respectfully yours.
CHAS. d. LANE.
Angels Camp, Cal, August %, 1896.