The Red Cloud chief., 1896-08-21

meat of gold in tn an. and thi. has been ami /,
nov tb, genera practic, in tho silver states
During this period silver RAPIDLY fell in
market value below gold at the ratio of sixt,cu
to l. Prior AMI subsequent TO 1917 many
'hanCcs were made IN coinage by the LEADING
countries OF tho world. Germany in 1871
changed its standard from silver To gold.
Franco. italy, Switzerland and Belgium mad ia
1872 entered into a treaty called the Latin un.
ion to which Others tccamc PARTIES ami by
which the coins Of each OF these countries are
received aud paid by all " Thorn. This i'm.
portaht arrangement was hr.t modified aud
hnally abandoned and gold became tho stand
ard OF values OF thu az countries but in oil. sill.
,cr was coin'd aud largely used n, a subsidiary
coin p-ccis' ly as in the GATED States
MIR. Sherman here skctchcd at con.
siderable length the history OF the
Bland.Allison act of 1873 and the
Sherman purchase act and its repeal.
Referring to the bimetallic dcclara.
ton in the repeating act declaring it
to lie the policy of the United States
To always maintain the parity of gold
and silver, he said:
Thus d &C ~ar,tio1, msic b. Con ross nd IA.
prove by the president at n time when tho
iu bic min I was csutcroi upon the silver au 80
ton, IL a wise staten mt ~ public police that
ought /, be acted upon without regard to- par
" divisions. This bill passed \ House Of Rep-
ie'cntativcs fresh from the people b. n vot OF
""'y"a' aud lis nays AMI the S,nat, b. tho
N"i ~ q yeas ~ inst ~ nays. This act was
not a party vote but 1t il, | believe, tho cx.
proSsion OF opinion OF n mliosity Of the two
great parties Of the country.
"Nnd here. fellow citizens, we ought 20 stand
Inrpral ~ Democrats and Republicans alike.
We are all Interested IN having "A SCUM and
stable currency founded upon gold ani silver
We cannot bY law liz the value - either motal
or coin ~ of any OF tho articles that enter into
the wants OF life
W hal Julv I. lat, in n'tual circulation
nmune tho people uf tho United states. s 1000.
rs, Dl, n stated b, III, report of tho treasury
department, We had also at that da,o 'sa,.
HL.ySi In the treasury, mostly gold and silver,
held Tor rc ienption ~ tnitrd States uot,s and
silver certificates. Mi tho,c forms " money
have born maint ,inej by tn, government Mt
par with gold and thcy travel tho cir,lJ of tho
world without diminution ~ their pur'hasiny
power. Though silver bullion has fallen To
nearly one hall it1 former valuo yet wo have
used II AMI maint,inci silver coins made from
1t at Il part, with gold nt the ratio OF i6to T..
But now wo are brought face To- face with a
proposition winch. II srrcci Ia, VIII make sill.
yer tho solo Standard 81 valu, for all d = hts and
credits, TO- tho wagrs 81 labor aud til, pur.
chase ana sale of property If the frcs coiuago
Of silver IL authorized. then the mar<et va We
Of silver bullion becomes ia $ aadard " pay.
meats on al contracts made IN tho past, tho
. IIFNFul " " ullN'f i'lt u grains bt
Standard silver bullion. worth now - cents,
can, with free coinage. be coin, ii int, a dollar
upon the demand OF any holder Of such u Illiun.
The government does rot undertake a.
maintain it's relative value " ia gold. Tho
government stamps 1t This ~ a dollar It's
purchasing power Ia tift '. three cents but its
debt paying power is one dollar OF debt II II
the doctrine of tho lopulist and Anarchist
but it is in direct opposition to the traditional
policy OF jefferson, Andrew jackson and the
Democratic party.
1T is sometimes said Of creditors that they
are blood thirsty Shylocks, aristocraIs. blood
suckers. extorti1ncrs, IL may be that there
ar' among money lenders some IN IN who mort,
epithcts, but tho great body ~ the creditors ol
our c country ar, anon. the thrifty. ndustriou
aud intelligent mon and womcn of every com
munity
One great body Of creditors hero is the go,
0O Union soldiers, their widows aud orphans
who are crcdito : ~ the United States to IN,
amount OF over 81 O,OD,OOO a year for snrvi 'cs
ana sacrifices in III, Union army. II would b,
an act OF peridy and mcanness beyond express
sion for this great country TO pay thsn will
money OF less purchas ng pow,r thu gold roin
merely because tho overproiuction of silver il
the United states has ~ iuccd the market valu,
OF silver bullion contained Ia a silver dollar
To take advantage OF this decline in order I,
reduce tho value of tho pittancc to those pen
sioncrs is worse than to rob the graves Of th,
dead.
by far the greatest iniur5 resulting from
the frec coinage of silver will fall upon tn,
workingmen Their wages are now based upor
mono ofthe highest value upon gold col, o.
standard value, Under free coinage Of silvcl
} tho value of the silver d ollar will fall to fifty
three conts in gold, or as l have already said
the lO) cents OF tho gold dollar Will be worti
lst cents of the silver doll ar. With FREQ coin
! age OF liver every working man can and ough
to demand enough silver for his daily wages t,
DO equal To the purchasing power of his pros
cnt wages in gold Tho struggle bstweet
/! workin ymen and employer will then m
Y an l no ono knows batter than the workingmar
; how dim 'ult 1t II to got an advance of pay W,
; have strikes and strif's enough now, when the
} working man gots his pay in gold coin, or IL.
: equivalent but what viii be the condition
; when he Is paid ia cheaper money OF tho sam,
. nom nal amount but OF lass purchasing power
. Every s,ntini mt OF Justice will be on the sid,
Of the workingman in his struggle for goo,
| money or increased wages in cheap money.
q all tho OWLS which a COVER ment can in
I fict mono can be greater than clelp mon y
, whether Of coin or papcr That dollar is tn,
r best dollar that buys tho largest quantity a.
/ food and clothing. That dollar is the g,l
dollar. FOE It buys IN r, food nd clothing thar
any Other dollar and will also buy a silver dol
lar for fifty, hree cents IL tho coma 70 OF silver
~ made free ut the ratio Of l 10 l Of gold
l 'ExI cri ,nce has shown that the Unitcd
States can mako tho silver dollar buy as mucl
l r. the gold dollar, hut il can only b, done 10y
: the government buying silver bullion as needle,
aud coming it into d liars on government &C
CONT. This has been tried.
This matter Of tn, free coinage Of silver and
| tho degradation OF thu stand ri OF value in
, wolves not only ques ions of money, hut OF
! honor and good faith, When their honor is in
VOWED, the people never fail to respond. They
have complied with ever, promise anI PAL
evory debt contracted since tho organization
= of tho national government, az it became due
I They have paid f0ur-ifths of tho debt, con
trartad during the civil war, and tho prospocr
| was hopeful that all OF it would he paid bcfor,
the clo,e Of this century, hut this revcrsin,
| our standards Of vsluo has, like the tirc boil al
night startled and alarmed our people
: Lot u, sottle it b, following tho action OF
. Washington, numiltou. Jcuersoa. licusoH
Hunter, Lincoln md Grant. LIT us MAINTAIN
b. silver and gold at par wi h each othsr at til
l legal ratio Of Il to | until a conference amnni
, nations can prescribe common standards q
value. In the meantime let no act b. done
no polics he adopted, uooLpedi Mt rOsortcd d
l that will tarnisl the honor Of the GrcIl reput
lie"
Killed His Wife's Paramour.
y BUTTE. Mont, Aug. l~L-Joscph J.
|, RnncStealn n bartender. went HON