The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-07-23

eA1at way iucreds6 It's Vaiue, so G6 10 r6Btofe
II to Its old parity with gold. We find that
the dislocation between gold and silver has
given the advantage in production to coun-
tries that are not on gold basis; that their
foreign products whose prices are stable IN
silver, although reduced In gold. are Compel
ing with ours In foreign markets to our dis
advantage and that their manufactures, prod
ucts, produced at a labor cost. stable In sill
yer, but reduced in gold, offer menace to
our home products, protected though they be
by tarin laws. We have at stake the inter
ests OF the greatest debtor nation of the
world; OF the greatest silver producing nation
OF the world; of nation yielding the great
est amount OF farm products in the world;
farm products in which we rely for the pay
ment Of our foreign debts, and the prices Of
which have been driven down In gold as sill
yer mas fallen. Our opponents, gentlemen,
exaggerate the difficulties Of the task before
us.
In order to restore silver It is only neces-
sary to absorb the current product of the
miners. The accumulated stock is In the
shape of coin, bearing the stamp of various
governments, and 1t Is absurd to say that
the owners of such coin will send it here
simply to receive the American stamp. Silver
coin 1t Is and silver coin 1t would remain.
There Ia no surplus anywhere In the shape
or bullion. for the bullion in the treasury
vaults Is constructively coined. and is repre-
scented by silver certificates and treasury
notes now In circulation. The current pro-
duct of the mines Is now all absorbed In
current uses-in the arts, In coinage and for
other purposes.
Any demand that we create would be a
new demand, and would have tendency to
increase the value of the current product.
But we are told that increase of value will
increase production. OF course no man can
IoreteH what the product of silver will be,
put the best test Of the. limitation of the
future Is the limitation of the past and we
all know that ali the silver in the world, the
results of operation OF silver mines for ages,
can can De put into cube of sixty feet.
metallic metal The fact that today over one.
Iourtn OF the money OF the world Is uncovered
paper money proves this: But suppose the
fears OF cur alarnist friends are realized
and that nature. instead of exposing her
silver treasure as she has done in the mast
gradually and progressively to meet the wants
large abundance, Is not a matter of easy con-
troll. The mines of the future are In the IN
granted mineral lands of this country and
Mexico, for remember that United States and
Mexico produce two-thirds OF the silver Of
the world. viii it not be easy to limit these
grants either by exacting royalty or by total
s wtnuFawais. SO that the silver stores of the
future may not be unduly drawn upon for
the present, and that the calm and equal pro-
duction of silver commensurate with it's
use g may be established and secured.
We claim that the free coinage of silver at
the ratio Of 16 to by this
country is practicable; that it
Will restore the old relative value of silver
and gold. release this country from depend
ence on foreign gold; impair the Competitive
emclency of the cheap labor or silver stand
ara countries: restore the value of our agri-
w
oepts abroad and save this country from
destructive. 80 PAoso
This question has not been fought our IN
the manufacturing states OF the coIntrv as A.
mas been IN the mining camps the wheat
nelds and the cotton plantations But the
manufacturers OF this country before the end
OF this campaign will learn that their inter-
ests are In common with those of the general
producers OF the country and the Oriental
competition which has been so destructive to
fhn 70 rxvsI1
the manufacturer. We hope to see the wheat
interests and the mining interests and the
manufacturing interests united against the
opponents of bimetallism. For recollect that
1t is the dealers in money, the dealers in
products and the carriers Of products that
have made union against the productive
energies OF the country, whether those pro-
ductive energies displayed in cotton and
wool manufactures In the New England and
middle states; the iron and coal industries in
Pennsylvania, and the cotton industries In
the South OF in the mining Of silver in the
great West. and we may rest assured that
this country will in time pursue policy of
enlightened self-interest
1t will realize it is to it's interest as q pro-
Queer OF over one-third of the entire silver of
the world, as the greatest debtor nation Of
the world; as the greatest producing nation
In the world. to stop the appreciation OF gold;
70 stop the building up of every unit OF this
4,eeo million whose present home is IN three
foreign countries. And with the change will
come benefcient results not only to pro-
ducers. but to the banking, mercantile and
railroad Interests which are now so steadily
opposing US. They will realize that their
prosperity is based upon the general prospect
ty OF the entire country and that the prosperi-
ty OF this country cannot continue SO long az
debtor and producer nations recognize gold
as the only money metal. and by their action
build up It's value and increase its control
over the products of labor.
This campaign is to open up an era Of edu-
cation, and in this work the silver party en-
tiers animated by sectional spirit; con-
trolled by no feeling Of envy against the
more prosperous, but inspired by the desire
to maintain broad American policy which
shall protect the interests of American pro-
duction, whether in the mining camps of the
mountains, the wheat fields of the West, the
cotton fields of the South, or the factories of
the New England states. But let US remem-
Der always in the contest in union there Is
strength, and the motto OF our opponents is
now as it has always been 'Diyide and Con-
quer."