Mohave County miner. [volume] (Mineral Park, A.T. [Ariz.]) 1882-1918, 1896-02-22

part .; the DAFT, nor one.ifth part Of the
interests mostly in the hands OF the
creditors. An extension OF time does
but sink the debter deeper in the Serbon
ian bog-Seyond the reach Of any friend.
iy hand. unless perish snce that OF death.
Wrre all thu c)u1try's gold In the hands
OF the debtors. It could pay only twenty
per cent OF the animal interest, saying
nJ'h ns OF the principal. BIT IL conld
not sill be so applied. as onr foreign and
do nestle CD nnerce, amounting to 81
CD 0)),000s a year, requires no inconsid
able sum VI redemption money for it's
trans actions.
The dilv interest on the countrv's
debt il 5000 0OOs. The expense Of g.
00J GODS 4 day to the country during our
Civil War, forcei the governmen. to sns
pend spscie payment. This occurred
when botn gold and silver we're ley Il
tender. N)x the scheme OF monom st4l
liam req Tres that this daily interest Of
q 600 00Js- qr.l to three times the daily
expense Of the great Civil Wsr--sh al be
paid in gold: and 1t /, 80 set do Sn in the
bond
Il It in the comp,s, Of possibilities for
the country to do it? All the facts in
he case enph ,ic4lly answer, no.
Silver then INST cone 4s legal tender
10 the front, side nv side with its old
companion, gold. The necessity Of the
country demand IL; and necessity il
the Law Of time and place"
Monometallists predict that the re.
monetiz ttion OF silver would soon drain
The country OF all i,s gold. II so, the
drain at most would be SMALL
could the draining we'll take place more
rapidly than 1t IL nov doing. But moth
ing seems more certain, than that tue
reverse of this predictio, would occur
Tiis country does not absolutely reQ1ire
dimes worth OF British or European
manufactures, while Bri'ain and Eirops.
to live. must have yearly hundreds of
millions OF dollars worth OF our proiurts.
Tor which they would need pay largely
in gold Let this country remone'iz.
silver and the countries that followed her
nnwise lead in 1873. will follow her wise
lead in 1895. Close our markets to their
Imports, they will soon he hn,nbIe sup
plants at our doors, ready TO comply
with orr terms Especially would this
o"cnr with respac, to England. Bnt
England In IA It cu.s no important figure
a. 10 or ability TO restore and retair
bimetallism She drmonetizsd silver in
1916: and tor fifty.seven years her 80
dong did not affect the parity OF gold
and silver as established resp actively by
the different commercial .'atAs OF the
world. M reason exists why England's
hostility to bimetalIism, now and hence
forth. shall affect its successful operation
more than her hostility did in former
times
Spanish America aud the Orient arr
alre ,dy silver money countries These,
with the friendly Z iropean States refer
rel To, acting 10 concert with this coun
try will silence the i'll omenei tongue OF
mononetallisn, and greatly benefit all
debtor nations, and the debtor and Ia
boring classes OF all civilized countries !
The renone'iz ,'ion Of silver will create
billions Of redemption monev and operate
to distrihnte il largely among the masses
As demon-iiziDg silver deprecated it's
valne. 30 remone'izinp it will appreciate
rs value - sill enable it to buy gold
At far greater advantage than IL can at
present. and thu, facilitate settle nent OF
our obligation 10 paw onr old debts in
gold, indeed, It silver he rem n, ICED and
q parity established by law with respect
e. its valne and that Of gold, creditors
Y generally will not sickle that the debtor
sh III pay IN gold They will hear in
mind hat it Is no. ever best tor the
creditor to dem and "the pound oil flesh
n-sre-t the heart"
The National, State. and municipal
deb,s, aggrega'ing 1900, 0JO, OO0$ and in.
tsrest thereon, must he paid as pre-
ribed in the bond. Neither the coun
t,y as whole, nor any corporate part
Of IL. can bear the stigma Of repnti.fion
In settling the balance. 80 900 DOC, zoos,
pert, depending uDon The available
amount Of redemption money, will be
paid rs provided by contract.