Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1896-09-26

fds, Which 10 ooIi fof III An average price
Of oightuon cents Ia New YORK; Tha
Mex'can producer apparently rehlixen
4 proiit often c,ntss Pouad, bat "a reality
no gets much moro. Hts 'eightosn cents W
gold, converted into Mexican SILVER, eiy0s
him a price OF thirty-six Cents a pound or
a profit Of twenty eight cents. Mexico
under the stimulus OF this loo por cent.
bounty, that u monetary system bestows
upon her, Is prosperous and merging
ahead with great strides.
Even China, the siowest nation on earth,
lympth, and has invaded our shores. Last
year we imported 23,0Q0, 900 pounds of
wool from her. and at The pacs she has
started In she and the Argentine Republic
threaten to destroy onr wool industry.
How can they do jt?n + will tell yon.
Wool, 10 China, IL worth, on the average,
nine cents a pound In silver. BY exchang;
log our 200 oent dollars into, Chinese silver
we can buy with each dollar W worth OF
wool or buy the wool for Az cents a pound.
No amount OF protection can shield our
wool industry from such assaults. The
tariff would have to exceed 100 per cent,
which Is out OF the question. No ,protec-l
tive tariff In any country has proven 80
invigorating TO the industry OF the conl-
tries 90 q silver basis'as the gold nom et-
aitism Of the great commercial nations Of
the world. IL confers a bounty OF 100 per
cent. on silver nations. Now that we have
informed ourselves about the gold standard
aud its unenviable record, let us consider
the !F
CLAIMS AND DEMANDS OF BI1METALLIsM.
Bi-metallists demand that the money OF
the fathers be restored. They demand an
honest dollar that viii treat debtor and
creditor alike. They demand that silver
again be ~dasignated the denominator Of
p. \ d. A - ...t-h.G 40 q --l1 nrLA..
demand that this rpbbery OF the people
under a gold standard shall cease They
demand more money, an elastic currency,
sufficient TO meet b e'demapds of q growing
population and an, increasing
They demand a more constant, iunchange-
able. and, therefore, o more 'equitab BILE
money!; a system SO balanced as not to
depreciate in value TO the benefit OF either
debtor or creditor. They demand a stable
monetary system under which periodic
financial panlcs cannot exist, under which
stable prices and uniform profits can be
maintained, thereby serving all classes
justly. Bi.metallfsm Is not an experiment
| point to its record OF 200 years, and call
your attention to the fact that during that
time, when both gold and silver were
money, on equal terms, that their parity
was maintained, and at no time during
that long period did they get apartsm0re
than two cents. Contrast thatrecord with
the record Of your single gold standard OF
the past twenty years which has Increased
the value OF gold 100 per cent, and has
corresponding ely depressed the price OF
nearly all commodities. In the face OF
these glaring historical facts which system
imparts greater stability to values. BIZ
metallists point with pride to the histori-
cal and convincing evidence furnished by
bi-metallic rance as to a sound and
G 4 hl. r,aaafnrv o1cfarn Tranoa kao OF
900. 900 people and $37 Of money per capita.
She has more silver money by fifty per
than either England or Germany,
and she has more gold money than both
together. She is not convulsed from
to circumference with periodic
financial panics. Under this system of
money she fought the great Franco
war, suffered defeat AMI paid
81 200, 600, 900 TO Prussia as an indemnity.
Her recovery from that blow startled the
of ths world. But what IL still
better, in 1890, when the great English |
banking house, the Earrings. went crash
Ing down to ruin, bi.metsliic France saved
gold standard nations from impending
ruin. Gold standard England was totter
.ng and cried aloud for help. Help US
lest we fall! In answer to the
of distress France sent her SIT, 000, 900 |
n gold to weather that financial storm.
France bad saved her before and will have
10 save her again. No such cries 20 up
rom bi-metallic France. The dullest
,hild will learn in a kindergarten school
Shall we, as an intelligent people, fail to
earn from these object lessons?
ovER-PRoDUoTIos N Low PRICES.
Advocates Of the gold standard. will not
admit that the appreciation OF gold has
;aused the present depression in prices.
IN order to bolster ny their monetary sys.
they account for the reduction In
prices to over production. They say that, /
with improved machinery, improved nodes |
transportation, that we produce more,
and produce cheaper, tina formerly. |
rney forget that the improved ~transporta-
ion facilities, and most of the improved
productive machinery, had beeo developed
,efore the decline In prices had commence
ID. There has been a decline OF 20 per
in prices In the last three years
Who knows of any railways or any i'm
machinery that could produce this
Ieciine? ! admit that during tue last
hirty years there has been wonderful pro-
ress made In transportation facilities and
u productive machinery, but answer, that
vith these improved processes for produc-
ion, an increase In population, the de-
elopment OF new tastes. new a. and
reater extravagance produced by our
everlsh civilization, has more than kept
ace with increased production; therefore,,
here is no over production. How can
here be over production and thousands
pom thousands OF our people suffering for
he bare necessities of life2 Who derives !
II the advantages from the improved pros Z.
esses Of productions 1t is not the farmer.
he LATEST statistics show thai the average !
ross per capita income of those who de-
end upon the farmer for living is but .
5.8 cents per day. The average cost of !
a pauper is.'28.5 cents per day, and |
price paid to the state Of Illinois for the .
lbor of a convict is 1914 cents per day, |
o wonder that crime and pauperism out !
trip the growth OF population 10 this coun- y
y. For verification of these 3 ~atistics / .
sfer you to census Bulletin No. 1878 issued '
arch 10th, 1894, and the report Of the sta :
stician of the department Of agriculture 2
'r December 1894 pages 742 to ISL. These :
cures show that our farmers are forced to !
We on an income below that provided for :
lupers, and secure less for their labor .
an paid to conyicts. Asa business prop Z
1t pays to be q pauper or q convict :
,tter than to be q farmer when you con-
der him in the concrete; Ours is an agricul- q
lral country and our farmers are our chief Z
'oducsrs; therefore, Of all classes Of our 4
'pulation they should be the most pros 2
,rous. But III you should look for the Z
distance that should be theirs then con- o
asst their condition with those who con- Y
oil the monetary system of this country. "
According to the theory Of over produo; y
prosperity lies In under production. Y
~erefore, the farmer should destroy his Z,
lproved machinery and cultivate idle y
'ss. Stop working from the first shim- y
light of dawn until the shadows of q
ght wrap him in her black mantle. What 81
theory! In effect, they tell us
at labor with improved machinery pro- &
ces poverty, Isn't it q fact that the 2
rmer with improved machinery and Il
rder work grows steadily poorer2 6
II the advocates OF over production q
show an Increase. of farm products, y
r capita, then there would be some. rea- ma
Inat;.a I. r..ar by