The Irish standard., 1896-03-28
FREE SILVER
What the Chicago Tribune Said When
1t Told the Truth,

What the Chicago Tribune Said When
| 1t Told the Truth.
How many times have we heard it
said by those opposed to the free coinage
OF silver that under free silver this
country would be flooded with cheap sill
ver?" They fear that the United States
would be ruined because of too much sill
yer money. Under our present money
standard the producer has to sell twice
as much of his product, as he used to, in
order to get dollar to pay taxes and
debts. The wise gold yelpers are at
tempting to make the people believe that
if prices of products are again doubled,
restored to their former price that we
would be ruined. It's amazing how
many have been made to so believe. Low
prices has been the complaint of the
| people for years, and yet whenever tree
coinage of silver is mentioned, they are
| told that higher prices would subject
them to numerous calamities. II this
country should be SO fortunate as to have
a f1ood of silver, thus bringing us cheap
! money" That is money easier to obtain
meaning higher prices for products and
labor, and cause a part of the premium
now existing on gold to be taken out Of
| that metal, it is what we are all longing
and praying for. Welcome the flood.
But would there be a flood? If So
where is it coming from. Surely not
from England, where it is difficult for the
peop,e to get suficiency of it for small
change to transact the business OF the
Country. Though France has considera-
BILE of it, she will never give it UP. All
France has coined was at the ratio Of l5ka
| to 1, and hence it's shipment to this
1noc IN 'v0n
The silver stock in India and the Orient
is performing an indispensable duty as
money, hence no "fiood' can be expected
from that quarter. China has not piece
of the metal she can dispose Of. Mexico
has no stock whatever of silver on hand,
| except the limited amount of coined sill
yer used for circulation. NO country of
Central or South America has any sur
plus of silver. In fact, there is no source
| from which to obtain silver except the
small current supply from the mines.
All the silver coin in the world amounts
to only $4,O70, 900. Supposing that it
should all be dumped into the United
States, divided among 7O,O0O,000 of people,
would give each little less than fifty
eight dollars. Do you know Of anyone
who could not manage to stand up even
| under such a load?
| l1Q you ever near VI d Guul1lAv oCAA5
ruined by having too much silver? For
eign silver coin would not come here be-
cause no nation has any more than 1t
| needs; but if it should it would be God
send to this country
ITO undertake to do the business Of the
world on a single gold basis of measure
ment and equivalents means loss. bank
| huptcy, poverty. suffering and despair
| Debts will grow larger, and taxes become
more onerous The farmer will receive
small prices for his crop; labor will be
forced down, down, down, and there will
be a long series of strikes, lockouts, and a
suspension of production. Those who own
property, but owe for it in part, will see
their mortgage increasing in proportion
as gold acquires new purchasing power,
while the property itself will be shrinking
in value. There will be no relief, it must
be kept in mind, for gold will be the only
recognized equivalent OF values, the stock
of gold with its power will be constantly
growing; and the circle Of wealth will be
uniformly contracting. Chicago Tri-
bune, Jan. 49, 1878
The above is taken from the Chicago
Tribune. which was written at time
when it was honestly and intelligently ad-
yocatine the reconciliation of silver
What a terrible prophecy, and how true
it has been fulfilled. PICKWICK.
Sauk Center, Mimi. m.-Representa:ine of
the Irish Catholic church who went from
here to st. Cloud to ask the bishop to al
low Father Fitzgerald to remain III charge
of the parish, were successful and the
members Of the church and the entire
community are pleased with the result.
Mitchell, S. D.-Mrs. Joseph Morrow
has Just been informed that she has fallen
heir to fortune, which ruas into big
figures, and her share is placed at $780,
O0O The fortune comes from an estate in
Holland. One hundred years ago her an
cestors placed $80,000,C0O IN a bank to
remain at three per cent and it was to be
divided among the heirs at the end Of that
period. Four Or five generations of the
family have passed out Of existence since
the money was placed in the bank, and
the heirs, about 80 in number, held a
meeting in Syracuse, N. Y, Tuesday, to
commence proceedings to secure the
money. Mrs. Morrow says she does not
entertain any serious hopes that the heirs
will be successful in their effort to re-
cover the money.
Bismarck. 4. NJ d Joseph n. i Edgerly,
chief of the. Bismarck fire departmerit and