Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1896-01-17
SENATOR JONES ON SILVER.
n SENATORIAL VIEW ON THE
MONEY QUESTION
Senator Jones Of Arkansa. Spoke
for Two Hours Last Friday in
the Senate on the Terrible
Results Of the Gold
STANDARD, and This
1s What Gold
Paper Says.

Mr.. Jones (Dem., Ark.) spoke on the
free coinage substitute for the house
bond bill. II is claimed that this bill,
said Mr. Jones, was framed and passed
through the house III response to the
wishes OF the president OF the United
States. II is also said that the bill is en-
tirely unsatisfactory to the. president and
secretary Of the treasury from the fact
that the sb.'ads provided for are not spe-
cihcally payable in gold The president
considers the treasury in an unsxtisfac-
tory, 1T tnos in critical, oonditoa. II n
condition Of reasonable prosperity can be
restored Smong the masses Of the people
there viii be no difficulty whatever about,
che condition Of the treasury. TIE pres
eBt deficiency results. ia our opinion.
from the much greater evil of the unsat-
isfactory condition of the people. 1t is
true that the government ,is Eet collecting
rs much revenue just 1t ti,,s time as is
needed. and some step should be taken TO
provide for the deficiency. Thesecretary
of the 'trensury. however. IN his official
report, shows that this dedcleDcy will be
temporary and not continue beyond 4
few months.
The amendment proposed by she com.
nnittee, IL enacted into law, will amply
provide for this. for the issue of about
fifty millions Of silver oertificnlss against
the seigniorage now he4d in bars in the
treasury is one OF its TEXTURES, while the
deBcsincy estimated by Nc. Carlisle is far
below that sum. There saust he some
thing radically wrong If the riohest and
freest nation on the globe is in such II
condition Vt absolute h-lpsessness. and de-
peaAence Ms the presideet seems to con-
siderus now.
The conditions OF disssess not emily in
shis country but in Eaxl~nd, Gesmany
asd Esance, the great nsaiensef the world,
wtla cot bt, denied by any one. How does
It happen that in une OF profound
peaoe al over the world. with abu0dant
harvests. with no pestilesoe or other such
calamity. such = conditios rs this Gao .ex.
~. No local cause can aooonnt fos il.
for ts embraces al the greatest nations in
NE world. There must be come caase
in AL these couasries 70 cause
luch widespread distress aniform on
character. That cause seems clearly 10
be the taking prices which have cursed
md blasted this country for twenty years.
0f course everv fall Of prices is not an
,vi:. A fall which results from improved
OF production or from lnproved
md cheapeaed transportation 8 bless
ng, and brisgs prosperity to the p.oduc-
rs while il showers It's blessings upon
consumers. There is. however, one COM
modify which, when affected 10 it's value,
affects all other things in the
world. in all countries and among all civ
lized people. to wit; Money. The vol
lme Of money. lessenlng not absolutely
,ut in prOporsion 20 the volume Of trade.
las ef necessity ooa tinually increased the
alue OF money, and, by this hidden, un-
cen and covert means. contiscation Of
he property Of the masses for the benefit
{ those individuals has been and IL being
and this condition of
hinge must and will continue 90 long as
be laws remain ~ they are now. The
auses which have operated 10 produce
he present results will continue their
peration in the same line. Prices
,hich have been in the last twenty years
educcd say so per cent will in the next
wenty years be reduced so per cent more.
The great body. of those who declare :
lemselves souLd money men say that
ney are in favor of international bimetal-
SIN. Almost everybody in this country
dmits that ii the United States. Eng {
md, Germany and France should agree
, open their mints TO the unlimited coin.