The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-05-28

~ 10 - - ~ rinu
.aa.aa i.rga mart /
~ - ao YER 49, ais
q. ~ ne u'nIN"l anu IL holds
= nv - ~ I'm ec.l"n. - ..,he
go, - sist !. NO,
49, ploNar' !ne .,s,or,nc
svuiu' but on me lect Oh Ts'
eel ~ lh'einaiW aereen'en ,,,ar
,,ai1 ma az hNs "a IL =
nation ~ VIII not p her in,e.eS'
eve up any adF age whlch W.
uep.or nauons IA wen ner 'nioas.
'neir own iegisla IN
At the internatior / monetary confer
ence held In "a 4, In 1873. MI
Goschen. who feI esented England.
and who by reascL lis experience as
banker ana a. clSinet minister.
may be regarde me OF the greatest
hnanciers and IA Wen in this line
=. -. "o..u dscussion Va '1s
s..oon ."
1T. howeyer on states were 20
carry on prOpa ida in favor or
gold standard decentralization
or silver. the e TO get rid OF
silver might pfF, ne OF the great
est crises ever ergone by com
merce. ere would be
fear on the one a4 a depression Of
silver. and on d, 81 OF a rise in the
value or gold aAl = responding fat
In the prices of All mmodities. The
American pr 1Dsal for universal
double standarl So led impossible of
realization. bui De eory OF a univer-
sal gold standard 5 Utopian and
indeed involved alse Utopia. 1t
was better for me prld at large that
me Two meta -1ohe continue In CIR
cuiatioh IMAM Dat 'ne should ne UNI
'ersany substituted ior the other
IN le>o wneh ~ dTnonetlzatlon OF
sn'er hau peen pra 'lciily enec'ed py
most OF tne hnrol'an nauons. Mr.
'oscneh oellvefe'i ia't iress before tne
ihs 'ituie OF bahherN W LoIuon' hasins
ior MS auhlehce ~ Isl experiences
anu Consecutive ahaiclers III the
""rin.
After referring 70 N, argument that
less money was nec sS v than former
ly because Of cert IN economies ef-
fected in the way Of drafts.
checks. etc. 10 sid II certain
ly do share W opinion that
the economies effect do not counter
balance the strain pui upon gold, either
by the increased demands or the popu-
lation for pocket Dney. or Tor the
liquidating OF the enc mo1sly Increased
balance or transa' Gus both or TINS
country and OF otnes. Happy tnen ~
IS Tor those VINO nasH the sovereigns
On the other hand. nnappy II io'
tnose VINO nave GO lnoditles iet VI
nalu anu piouuo- ~ 'ne' - -
So
1t IS true nc say tnat no sM''
action on the part @ hnglano can y
CITED. Dut IL would not De true OF Eu
rope generally be'1 r. II tne IAN
prices has been brought about 10y IN
absorption IN Term ~ italy ana IN IN
United states or LAT fzpooV'
OF goiu coinage. y IS ~ me laws passe'
by those governments. ana nor py an
chahge IN pr"uHcuph., ,hat u
serious results lnulca "a nave p',s
caused tneretore, W'sn 20 pul asiu
tne uoctrine ms ut.ey vu. J
me QUESTION LOT s'a,es - ael nus
| repiy ina. 70 ny n'1nu M eounse' -
, ,1aaI - ,os,itior ~ ,ricas s<ams .
solu anu ine pVs,.ion y ill., 3. -. /,
; SCUM ~ IN 80, - ~
, My ieilow citizens. you hotice Una
ernments can ieelsla'e sucn mann'
as 10 raise me prlre OF some .nlnl
and depress me prl.s OF DINERS out !
; believes that 10 TINS 'ase ,ne rise 10 u
purchasing power OF soiu anu me CO.
sequent IAN ~ pr'ees was oue 70 80
ermeh'ai aeuons-
: In June. 1870. Mr.. Robert Giffe
: the official statlstician or the BIRTHS
Board of Trade. published a remark
: bly, able article In the Contemporal
Review on 'ne supJfct OF the faH
J the prices or commodities throug
out the woriu. ne says. "
have the Facts as 70 the extraordina
demands Tor gciu since le'2 In roul
: figures there nave Deen new deman
i for about f-oVuV"-"v sterlil
OF gold. an amount very nearly ecu
to the wnole anhuai production OF Z
period. aitnough iarser amount tn
that amman Prouuctiou had be
0 necessary IN previous years TO ma
9 tain the state OF prices winch then {
o listed"
a He then points out that twelve m
J. lion pounds sterling or sixty MILL
dollars, are annually reQuir
: to replace the wear ind te
II OF coin ana meet me increa
le in the demanh Tor mon
D. caused by increase 2. popniation: q
a | adds. L0OkinO