Iron County register., 1897-09-09

It may therefore be affirmed that the excep-
honal parting in the value of wheat and silver
observed at this time is an exception to the
general rule OF their uniformity in value and
rather strengthens the rule: certainly it does
not disproye it.
viii not take up the time OF the readers OF
the Repu "Iic to present an array OF statistics
as could be done to show what is generally sld-
reitted- to-wit: That since the decentralization
OF silver the average decline in silver from time
70 time has been accompanied by simultane-
ous decline in the gold price of wheat
1t is true that all commodities on the average
nave declined in value as compared in gold CO.
incident with the fall of silver, but the decline
IN the value of wheat and silver has been more
uniform as related to each other than has been
The case with other commodities
The reason given by bimetallists is that the
world could buy wheat in India and other silver
standard countries with the silver money Of
those countries, whereas in gold standard coun-
tries the price was measured in gold; therefore,
he greater the fall in the value of silver bull
lion, the more wheat could be purchased in sill
yer standard countries than could be purchased
with gold in gold standard countries Hence
the tendency was to buy wheat in silver stand
ard countries, and thus to stimulate its produc-
lions In such countries. Nee eSSarily, therefore,
rs silver fell in value, did wheat
Again. it was the policy of the silver stand
ard countries to export wheat to settle foreign
exchanges instead Of their money.
The wheat producers of this country have
sourse. like other monopolies holds on for the
highest price. This monopoly Is accidental.
We know not how soon the tables will be
turned; when other countries shall have
abundant crops and ours short one.
Prices maintained by the Dingley bill will
last till the law is repealed: also the monopoly
of the gold standard will be maintained until
silver is restored
In this connection it must be remembered
hat in the year 1Se3 the British council for In
lin SnSnP0dRd the free cOinaUe M silver in In
1ia- Also, in the same year our government
suspended the purchase of silver bullion under
the Sherman act These two suspensions less
sned the demand for silver to the amount OF
nearly Sl0eo 0o,OOo annually.
This suspension OF the demand for silver on
the part of India and the United States caused
, sudden and rapid decline in silver as COM
pared to gold This caused panic in the sill
yer market, reducing the price of all commodi-
ties, and caused the protraeted hard times that
we have since seen throughout the world.
Coupled with this, the victory OF the gold
standard at the last election, and war since
made on silver by the banking institutions
throughout the world, with view to eIimina te
silver entirely as a money metal thus to make
room for bank-noie circulation. has caused a
great depression in the price of silver COM
pared to gold. These two forces working
neutrality-suspicious. to greatly depreSS the
price of silver. and the ether, on account of the
shortage in the world wheat crops. to greatly
increase the price OF wheat-is unquestionably
the cause OF sthe divergence that now exists in
che value OF wheat and silver
The fact that the gold standard advocates
have seized upon this exceptional state of
things the only answer they have been able
to give on the question of wheat and silver is
In itself the strongest evidence of the weakness
Of their cause.
We hear a greas deal said at this time about
returning prosperity and it seems to be the
mission of the metropolitan press to clutch at
every little breeze that blows that may be
tortured to show that universal prosperity
ow prevails So far as this IS made
In good faith to stimulate effort Il
bring about prosperity, We have nothing In
condemnation TO say; but when done for polit-
Ical effect. take exceptions to 1t, and warn
those engaged In it that it will not do TO hold
out false promises or stimulate expectations
based upon exceptional conditions; conditions
that will pass away in the near future. leaving
these political wind-miIls with sails 'punctured
and promises broken
Uncle Sans children of an earlier generation
were firm bimetallists. They constituted this
country bimetallic. enjoining the duty upon the
congress to coin silver as well as gold for the
use Of the people of the states UHcle Sans
children of later generation are hoodwinked and
deluded They have Dlindfolded Uncle Sam.
and put him in the leading strings of John Bull.
TO be driven through the darkesr corners of the
earth in the dreary search for gold II this Is
not So pray tell an anxious suffering people
why we have by Legislative decree conhscated
the rich heritage OF our western oOhnSinS
For what have we put The badge of disgrace
unon our mountains OF silver. locked the tun-
nels and closed the shafts of our hardy miners
and sent them In a mad rush to seek British
gold amidst Arctic glaciers, along the frozen
hanks OF the KlondilIe aud Yukon:
If n greater volume OF money than now ex-
lists is not necessary to business activity, pray
whv should our gold advocates point with ex-
ultation and hope for prosperity to grow out Of
a promised yield of gold in Alaska:
why not supply this wanting volume OF
money from our own rich silver mines: