The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1897-08-19

@%AN NAe&N AhC hAciOGdAAhA bC-
tween gold and silver has given the
advantage in production to countries
that are not on the gold basis; that
their farm products 1.-THE price of
which are stable in silver, although
reduced in gold are competing with
ours in foreign markets to our dis
advantage. and that their manufact-
ured products, prolucted at alabor
cost stable in silver but reduced in
gold, offer menace in the future to
our home manufactures, protected
though they be by tariff laws. We
have at stake the interests of the
great debtor nation of the world ;of a
nation yielding the greatest amount
of farm products in the world-farm
products on which we rely for the
payment of our foreign debts and
the prices of which have been driven
down in gold as silver has fallen.
The Republican party proposes to
confne our bimetallie negotiation to
but three countries-England,
France, and Germany-whose in
terests as gold owning and creditor
nations are directly opposed to our
interest, while it ignores the numer-
Gus debtor and producing nations
with which an effective alliance
might be made for the increase of
the use of silver.
WHERE is THE GOLD?
Where is the gold of the world?
Refer to the Mint Directors report
and you will find that of the four
thousand million dollars of gold in
the world, all of which if melte d
would occuy cube of only % feet,
one-half is actually located in Eng
land, Germany, and France. Look
ut the registered list of bonds and
mortgages and you will find that the
other half, though scattered in other
countries, is tied by the string of
bonds or mortgage to those three
creditor countries, so that it may be
drawn away at any time from debtor
countries, thus prostrating their bus
mess and imperiling their finances.
So that instead of devoting their time
to the uninterrupted pro-
duction of wealth, their energies
are wasted trying to catch gold
on the fly. Think of it'll One
half of the gold of the world actually
needed for the local business of those
three countries, hardly discerniblei in
the vast area of the earth's surface
and yet our monometalic friends tell
, us that the other half is sufficient fol
, the business of the rest of the world
} occupying vast area of country ant
having a population twelve times a:
. great us that of the three combin
J ed.
: All agree that the competitive ust
of silver in the woEld's exchange
| should be restored. The Republican
party proposed that we shall limi
) our negotiations only to the benefc
t iaries of the gold monopoly, anC
that we shall not apply to the vic
: tins of that monopoly for assistance
: or aid Was monopoly ever beatel
{ down by such methods?
In transportation the victims o
j; monopoly resort to competitiv
+ road. In public lighting the victim
resort to competitive gas or electri
: light company; but according to tn
f doctrine of the Republican party, tn
: victims of the gold monopoly, VIII
g so greatly outnumber the bdnefc
a aries of that monopoly, are not il
e vited to join us for common defens
IS and protection, but in place of th'
Q the United States, the victim suffe
q ing most of all, stretches out I'll
j hands of diplomatic persuasion
" the countries whose monopoly
l. seeks to break down. Was monopo'
II ever impaired by persuasion al
1T dressed to monopolist?
IS Had the Republican party pr
ID posed, instead of confning it's n
n gotiations only to three countri
le that have a plethora of METAL
money, to call conference of t.
l. debtor and producing nations of Il
n world whose stocks of metallic mon
Id (both gold and silver are small al
b. which have been compelled to iss
g. large amount of deprecated pap
sh money, we would then have co
templated arrangement with cou
tries who absorbing capacity for s
d. yer would be great. The first ste
nd however, toward such union is
or courageous action of this countl
or Let that action be taken and and
in will have the intelligent cooperate
,ts of Russia, Austria, and other Eul
.as penn'nations that have made ineffeC
mr. ual attempts by the accumulation
ses gold to provide for gold redempti
in all of whom know that their accu
,be ulated gold would slip out of tn
mo boundaries like water out of a slt
,se if gold redemption were attempt
vn For it is singular fact that there
,rtp not debtor country in the wo
,o,- that has been able to maintain G
J nnumants of its nanar mnney exc