The Lamar register. [volume] (Lamar, Colo.) 1889-1952, 1896-08-01
Money and RusIness.

Is sad mistake. Not but what the cir
culation il very important factor, in
fact II is the very life blood Of any com
mercial nation, but the proposed change
would not help us. Ii would put us back
at least generation and place us down
with secoud-class nations. Strong and
powerful ms We are we cannot keep pace
with modern progress on a silver basis,
and we do not believe our people after
ali the hardship, treasure and blood they
have spent TO attain their present exalted
station among the nations Of the world.
will throw it away on the demand OF a
few silver miners. Ii is also very plain
u any student Of financial matters that
We could DO nothing that would assist
England more in attaining commercial
supremacy in the world, than to 90 to a
silver basis. We are her strongest com
petitor even now in the markets OF the
world and she would glory in our degre-
dation.
The silver men contend that We are
owned aud controlled by England.
through the gold standard and our only
salvation Is TO break the golden cord that
binds us TO her. She also builds ships,
the finest steamers IN the world, and man
ages TO carry most Of our commerce,
According TO the dcmo-pUpulist theory
We ought in consequence tostop building
sAsAAlNEH thNAAh4N anu buAAti nothing bDI
sailing vessels or row boats. We talk the
EDelIsh language also That must be
wrong and we should stop II at once and
take up the Chinese language, Just as We
are asked TO do with their circulating
medium. Some populist demagogue
should start out aud organize a new
party upon these issues. There is Just
as much reason to them as in this silver
movement.
II is very good idea and one that
many OF our brightest young men. in
fact all men that achieve success in life.
learn 10 do, and that Is to take advantage
Of other mems experience where they can
What is good for the individual is good
Tor the nation. England has gone through
all these financial experiments, aud in
lSlG went TO a gold standard and com
mercial prosperity. Nearly all other ma
tious have tried tho same experiment.
sometimes in unison, the Latin Union
being an example. but all have failed
aud finally gone 10 the gold basis, with
such an amount Of silver as is necessary
10 transact their business, on parity
with gold. After centuries OF trial and
experience it has been found to be the
only way in which the two metals could
both be kept IN circulation.
II is fact that cannot be successfully
controyerted thai in gold standard coun-
tries, silver has larger circulation than
in the silver standard countries. II is a
very singular fact that il the silver
standard is 50 essential to prosperity,
that all the enlightened nations have
thrown 1t up and gone to the gold stand
ard, leaving only few semi -barbarous
countries to use it. Why do not the sill
yer men explain this singular fact.
We cannot find a single argument
based on any fact to support the silver
movement. 1t is much weaker in that
respect than the free trade theory which
was so thoroughly cRnvassed and dis
cussed in 1892. 1t promises more, much
more, but is based entirely upon glitter
ing generalilies that have no founda-
tion in fact, and are against every prIn-
ciple OF sound business. Its strength is
based solely on the ignorance among the
masses regarding the relation of money
to trade and commerce. Ask the first
ten men you meet, what is a dollar or
what creates dollar. You probably
will be surprised at some of the replies.
This question of finances has been sadly
neglected in the education of our people.
1t should be made a course of study in
all our public schools. Every boy should
be taught what money is, its relation to
business, what creates it, in fact the
science OF money. II it had been done
the past decade this silver fallacy would
never have been heard Of
Silver men talk very glibly about
money of final redemption, primary
money, etc. How many can tell you