The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-10-22

woIcott monetary commission TO Eu-
rome to confer with the leading nations
| concerning the establishment of inter
national bimetallism. The commission
received but scant attention In France
in Germany and in England. The COM
/ mission was a failure. II anything
| could be done, wolcott ought 10 be now
in Europe instead Of being in Colorado
trying to split the silver republican
party.
The financial issue Is the only one
before the American people. The cnlet
function OF money Is Its use as a cir
| culating medium. Take away the cir
culating medium and you hamper In
| dustries; contract the circulation and
you raise the price of money: contract
the currency and you get mere and
more for your money. IL y hamper
business, IL Is almost impossible TO
carry IL on with profit. II there are no
profits. there are no wages. and every
body o the consequences or tina
But II you place before the people the
free coinage OF silver. you increase the
volume OF money. stimulate industry.
increase the price OF both commodity
and labor. inc where labor Is well paid
there IL always prosperity.
The new territory which we are ac-
curing at the present time Will fur-
ther draw away our money. II we ex-
tend our territory, 1t will neces-
sariiy contract our currency at home.
and thus we will be worse on than ever.
The law Of supply and demand regu-
lates everything. This law applies to
money as well az to anything else. The
democratic party desires to increase
the circulating medium by free coinage
of silver and thus Increase the money
OF the world.
There IL no question that bimetallism
IL theoretically correct. II theoretically
l nnrvart what 10 tho nraCfiCa1 effect
The republicans shout that they want a
sound dollar. There In not a democrat
In the whole United States who does not
want a sound dollar. but they want a
sound dollar for everybody: one that Is
sound for n poor man. the laboring
man. the farmer. as we'll as for the
money lender. What has been the re-
suit OF the demonetization OF silver?
Since 1873 to the present time the prices
have gone down. down. until now you
can buy three times as much for a dol
lar as then. II prices go down, b
likewise goes down.
But the tell us that we cannot main
tain bimetaliism. That is their great
II we cannot maintain BIZ
metarism. we must find some reason
Why we can't. From 1916 to 1884 we
maintained IL at a ratio of Is TO 1, and
from 1884 to 1873 we maintained IL at
a ratio OF is TO 1. II Is true that a
smaller nation. perhaps. could not
maintain bimetallism. but we are no
small nation. We are the greatest ma
ton on earth. Here IL raised ten-thir-
teenths of all the cotton In the world:
our railroads haul 60. 900. 900 tons more
of freight ZACH year than the railroads
OF the whole world put together; we
transact one-fourth OF the business OF
the entire world, and some one has said
we are equal TO one-third the entire
world. II this is true. and II ~undoubted-
" r.. cannot we maintain a parity be-
tween gold and silver? We surely can.
They tell us tina II we opened our
mints to free coinage all the silver In
the world would be dumped on US. Let
us see how much silver there is. India
has perhaps the most, but she needs
every ounce of II. II midas silver Is
taken away there will be such a reign
Of distress as has never been heard OF
before. IL is the same with Germany
and other countries. Suppose they
should dump their silver upon us. No
greater blessing could befall US. They
would bring IL here to be coined; they
must buy our products. and his would
start up new Industries. and In this the
American people would be blessed.
The speaker, In detail. told what the
effect OF free coinage would have upon
the great state of Montana; how her
Industries would flourish; how her re-
sources would be developed. He spoke
Of the scheme to have the national banks
issue notes. which he said was merely
a scheme to place in the hands OF n
few bankers the control OF the entire
monetary system OF the country; IL
meant the enslsvement OF the people.
These few men could contract the cur
rency at any time they wished. Prop
erty would be mortgaged TO meet obli-
cations, and when they had all the
property they would turn the money
loose. expand the currency. increase the
price OF property and sell back TO the
people at great profit that which they
had secured at a small figure through
the medium OF a dear dollar.
M democrats do not propose to nave
this kind OF a monetary system. They
propose to produce the wealth. Nine
tenths Of every dollar produced goes 10
the lsbor1ng man; he buys from th'
merchant, the merchants from the man
ufacturer, the manufacturer employs
labor. and thus Il goes around. a bless
ing to each. The laboring man does
not hoard his money; he puts 1t int
circulation. How can the money giver
to banks do people any good? The re
publicans say dig II out Of the ground
III you want artificial money, vote FOL
the republican party; but II you want
real money. vote the democratic ticket
Before you go TO the polls on Nov.
consider well the effect you vote vii
have upon the interests OF yourself
; your neighbor and the American people
. Consider well before you give your ali
, i'm fastening still more firmly upon tn
, people this damnable financial system
II sheep and wool are protected by tn
{ republicans. let us have a little OF tina
: protection for our own section. We ar
! all a little selfish In what so vitality IN
J terests US.
q n people Of Deer Lodge county an,
the people of Montana will roll up sue
. a majority in November for free silve
E that the people OF the East. who hav
y been told that silver is a dead issue
I will quickly change their minds an,
. say that IL is a very much alive issue.
7 Upon the conclusion OF Mr.. Camp
bells speech the house rang wit
shouts and cheers, and IL was man