People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1896-07-02
more than "a ooints. To say that this I

hnOIo e-SeAu ~ pn4hn- ~ say Illat tnIs
Per cent difference caused such vast dis
turbanoe, while differences hundreds Of
nrDes greater caused 10 disturbance at,sll,
Is TO DO violence to the primary sugges-
tons Of the reason. Nots upon the fol-
lowing chart TO which I shall hereafter
refer for another purpose how the fall of
silver bagan with the concerted legislative
assaults upon It and continued by preoipi-
tous decline rs those assaults were repeated
and consider. for example, how steep the
decline was between 1873 and 1850 al-
though those years the gold production
was $3.50, $685. 900 and tho silver production
only 1890, 100000.
Now, sir, ! ask the attention Of gentle
men to chart D, which is the last one l
shall exhibit. It is G chart which, IN ny
judgment Is absolutely unansWerable on
the single gold theory. Some Of its ar
rangement Is original, but the main idea
Is drawn from document many will rec
ognize. ! do not know whether am cor
rectly informed, but understand that
distinguished gentleman is TO follow me
with the purpose f answering this 0rgu-
ment l hope he can. do not say that
it is unansverable. l simply say that
am stating propositions which seem to me
Ike aIioms, and that If the gentleman
who follows me ON show l am wrong be
Will at least have made one convert from
o most pernicious error.
On this chart the production Of silver in
any given period covered by It is taken as
the space between the zero line and the sill
yer line marked s. and the production of
gold during the same period Is indicated
BY the colored ground. From this it will
appear that nom 1900 to 1910 about 80 per
can't as much gold as silver was produced;
from 1910 to 1890 about 80 per cent as
much gold Us silver from 1920 to 1880
about 40 pen cent as much gold as silver;
rom 1880 to 1910 about 55 per cent as
much gold as silver; from 1910 to 1850
about l2H per cent more gold than silver;
from 1850 10 1855 about $50 per cent more
gold than silNerI from 1855 to 1860 about
$50 per cent more gold than silver; from
( 1890 30 1865 about 1868 per cent more
gold than silver; from 1865 to 1870 about
$50 per cent more gold than silver; from
! 1870 % 1878 about d per cent more gold
than silver from 1875 to 1880 about II
per cent more gold than silver; from 1880
TO 1885 about So per cent as much gold as
silver aud from 1885 TO the present time
about 10 per cent as much gold as silver.
This table also shows that from 1900 to
! 1890, when about one-third as much gold
as silver was produced, but while there
were In the world Of coin and bullion from
Sc 30 SO tons ounces would do as welD of
silver 10 one ton Of gold, you could go into
the market and buy On ounce of gold for
1885 ounces Of silver, and that from 1920
10 1sp while production oscillatod as we
have seen, and while the relative number
! If tons Of silver IN the worlds stock was
al tie time becoming less IN PROPORTION TO
the stock Of gold, falling from 3l.1 tons Of
silver 30 Of gold to obout 22 tons Of sill
yer 20 Of gold, still the market price re-
maiDed closely by the ratio established by
The open minis Of France, but that when
the onslaught on silver was commenced in
1874 and the minis were shut in its face,
notwithstanding that production has con-
tnued from that day 20 this nearer equal
than OK any time In 100 years, and though
the bulk Of tho world stock Of silver in
tons has for years been almost exactly the
old mint and narkat ratio--pa,,alv from
lac 10 1871 tons Of silver TO ton Of gold,
yot the market price Of silver as measured
in gold has constantly fallen, until in De-
0smb9, 1894, you could have bought for
une ounOe of gold b ounces Of silver, and
The market pfioe today Is about 80 to /.
No men con look that chart in the face
and then say that II Is the enormous
IxppoduotiOn OF silver that has lowered
The pice" It Is legislation, foolish, al
most criminal legislation, that bias done
tbieth.R. ..... =.
PaA Of OummodftteA
Enn6seahe 30 say thai II this-dnrs b
troeth~e should be an explanation fufth-
coming from be gentieiDen who have de-
ciased tbot operproduotion Of silver Is the
reoeUn Of It's fall In price And there Is no
explanation Of this fact Of this colossal
facs, Of dis to me ine1plioahle fact lex
cept 90 one bass which shall next men.
tion) that during the period when the bulk
.es.o bstaese slyg and gold was rising
nom 81 to 10 Is 10 the market prsoe
tel nom 10 TO / 10 81 SoL
xhe only explanation tha fcan give h
this, That the open minis Of Franoeat.
fnrded q ohanDd through which the two
metals could and did eausbly Cow, accord
ing to the demands OF trssda b this uhi-
mate money the oue metal Or the other
predominating according to tha demands