Arizona weekly citizen., 1896-09-05


money are none the lees products of la
Dor. Over production of any kind il
another name for ipfistion to be con
trolled in the interests of industry. Pro
duction equelinR consumption is to bt
encouraged for the same reasons. The
more limited the quantity Of the pro
duction of final redemption metal, the
more certain is the check on the over
production OF the other products il
measures. The kind Of dollar needed is
the one that will buy the most of other
peoples products. This generation Sc
cures more energies and comforts at less
cost than any which preceded it.
Strsws.-All our present bonded debt
has been created under laws which
MADE gold the only standard Of values.
All our government bonds that have
been redeemed have been paid in gold
or the equivalent. 1t was even go when
green backs sold for 40c. III gold in 1864.
Now gold is worth aoont 1874 based on
present price OF silver bullion, while the
silver 10 dollar is worth less than $50.
in gold. The United States has more
silver than any free silver country. We
have coined over fifty times as many ell
YER dollars sinne 1873 as previous to that
date. Two political platforms demand
ed the restoration of privileges existing
prior to 1873. For the past three years
the government has been coming over
S1OO, QUO in silver per day, and has aver
aged more than that amount for nearly
q score OF years. Mr.. William j. Bry-
ans q, 900 word manuscript at Madison
square Garden, August 18th, has been
compared to the River Platte in Nebrss-
ka, 800 miles long, 600 feet wide, 6
inches deep and slightly muddy. Mr..
BrysD says: Amy purchaser who
stands ready to take the entire supply
of any given article at q certain price
can prevent that article from falling BE-
low tast price. So the government can
fix q price for gold and silver by Great
ing q demand greater than the supply"
Chicago speculstors have seldom made
success for ell parties in interest ia
cornerinR grain or anything else. He
says: "We contend that free end un-
limited coinage of silver by the United
States alone will raise the bullion value
OK silver to its coinage value, and thus
make silver bullion worth Sl.29 per
ounce in gold throughout the world"
In 1890 silver bullion sold at an average
OF s1.O4 6-lO cents, il 1895 at 63 $40
cents. About the time of the Chicago
convention 1t cold at 20 cents; it is now
&c cents.
Several silver countries are arranging
to arrive at q gold basis. Ii they do the
United States may have An opportunity
to try TO corner the worlds silver supply
provided q leader be chosen. Mexico.
Peru, Bolivia and Eousdor's equivalent
to our silver COLLAR in 1875 was worth
average about &c., ln 1880 about S5., in
1884 about $40, in 1887 about 74c, in
1893 about &c., nowabout 501sc. IN gold
Our silver dollar still buys as much as
gold. The silver in our dollars, like
that in sll silver coins or bullion, hes de-
clined in like proportion to that in Mex
leo, and when melted into bullion can
be bought the world oyer for about 66
to Csc. per ounce. In 1895 Europeans
bought q. s. government 4 per cent.
bonds that cost them about Ill, paying
in their gold. They also took the Mex
lean loan at 63c. on dollar in English |
money. that paid per cent. interest in
silver. This indicates q difference of
shout 1870. on the dollar besides l per
cent interest against the silver country. |
For years We have Eeen selling India |
silver bullion ON q declining market, |
coming silver to .he full extent of our /
mines, building storage vaults to care |
Tor it, encouraging the issue Of silver |
certificates to evsde Its weight, and tine |
net result is loss of nearly $3.50, 100000 |
4 We had to sell what we have in the |
Gold is quoted in Buenos
Ayres at 176. at Madrid at 1925, at Lis.
BON at %. at Rome lob, Mexican dollars
It 514,.
Mr. Brysn's speech has been subject
I'd to cold-blooded and thoughtful con-
liberation both by foreigners and Amer
cans. Finsnciers every where appear to
lgree that his plan of coining silver bull
ion into silver dollars, and advancing the
,rice from 66 to 1.29 per ounce is i'm
practicable. Mr.. Bryan said make the
government independent of foreign
md domestic financiers. II silver will |
benefit the people they have right to
t." All governments, municipal, state
md national, have been and will likely
continue borrowers OF money. We think
scarcely possible money lenders will
ver be willing to lend gold, or the best
Iollars, accepting promises Of the poor
st or an uncertain kind. The laborer
will scarcely be found who will agree to
ccept the poorest or an uncertain kind |
L money in place OF the best after hav-
nR been promised the best. Mr.. Nc.
INLAY has wall ca;d. oRoftor oman |
american mills to American labor than
american mints to foreign silver.
>lspp & Co.