The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1898-08-05
The Cause of Free Silver.
the relative o~eciprocaD vaiu. of money

THE relative value Of money and com
modities is determined by the respective
The markets OF the world. The more
abundan money Is and the more It's supply
is increased the lower Will II fall and the
more viii commodities appreciate and then
the quantity OF goods that debtor nations
are called upon 10 export In payment OF In
terest will be diminished, and thus the bur-
den OF public debt lightened. The scarcer
money Is the dearer IL Will be. the lower viii
prices Of commodities be and the greater
Will become the quantity of products that
debtor nations VIII md II necessary 10 ex-
port. TO the growing detriment OF those
states. for Il must a~ggravate their econom-
&c dependence upon the creditor nations
The accidental fluctuations In the pro-
duciion OF the precious metals ard OF mer-
chandise hav always affected the relative
value OF money and commodities Diverse
natural causes have acted differently upon
this relative value. which one, calls the
price. sometimes IN favor of the debtor.
som etimes IN favor OF the creditor.
During the last rs years this rslative
value has changed constantly IN favor Of
the creditors. OF the international Bankers
and constantly 10 The detriment OF all
debtors. But this change cannot be at
trlbuted to natural causes; It is the result
Of a gigantic swindle-of the monetary
Here IS how this crime OF altering the
value OF the worlds money has been ex-
In 1873 Germany. obedient TO the coun-
sells OF the Jew, Hamburger. declared that
silver should be treated IT. the future as a
simple commodity. and that gold alone
should preserve the quality Of a money
| ments. at all times ard AZ all places more or
less sensitive 10 the influences Of the money
| power. followed one after the other the ex-
ample OF Germany.
Silver lost the privilege Of universal
coinage, the yellow metal was given a mo-
nopoly In this respect. The quantity OF
money In the world was reduced by half
In the International markets: money
doubled In value, the debtor nations were
obliged 10 STRIP themselves OF double he
quantity OF produce In order TO pay the
same amount Of interest; the drain upon
the debtor nations doubled. TO he ruin OF
those nations and the unmerted profits OF
The bankers. It's just here. in this spolia-
ton of the people OF the world for the
profit Of the International bankers, that one
hnds the single foundation OF the gold mo-
nometallic system. OF that golden yoke
that. fa3tered by the clever hands OF the
bankers drags upon 81 the civilized world
Free from this yoke up 10 a late day
were: l. The extreme orient, yet little ac-
cesstble to the influences OF the bourse. 2.
Mexico, where the strong government OF
Gen. Porfirto Dlaz for 20 years has held the
country and protected 1t from the intrigues
Of the Jews. 3. Russia. where the auto
cratic powers OF the cars. inacces sible 10
the Influences OF the international financial
classes. was an insuperable ampart to all
the efforts 10 abolish the silver standard.
our legitimate zone
Mexico has, kept up to the present the
silver standard and the country prospers.
W NA-' ~ ~ a. e0As
I'm all the monetary conferences up TO
1893 people spoke with envy OF y Russia and
OF india. which were sheltered from the
universal monetary crisis. having pre-
served the silver standard.
But In 1898 the English government sus-
pended the free coinage OF silver in india
and caused the rupee TO rise some 6o per
cent. above the value OF the weight or bull
lion II contained. Since 1893 India has been
fast approaching ruin; In the place OF q
lourishing agriculture we have seen fam
me: in the place OF a peaceful development
the horrors q civil war. india Is be.hS
English bankers. are enriching themselves
at her xpens
Nothing astonishing In this. for TO the
English government the interests OF the
English bankers are dearer than the Inter-
ests Of the Indians. a foreign people,
BY the SANE Teasonins ro oSe men, ths
interest Of the Russian people would be
dearer than the interest OF foreign bankers.
free coinage Of silver was stopped in Rus
gold. Gold appreciated and the rouble with
T.. Always k.pt equal to 2ss francs ID
ured by silver. as follows:
ONE CREDIT ROUBLE.
1892. 1898. 1894. 1895. 1896. 1897. 1898.
s6.5 I2 lss No is leo LES copecs
Some one may answer: The govern
ment has cut the value OF the rouble. which
was about four francs, and fixed IL at 2 "a
sppreciated.f Gentlemen, i know OF no law
In Russia and you Will fin no law Of a
parallel kind in any country that fixes the
monetary unit IN foreign money. There
never was a RUSSIA law that said that the
silver rouble should contain four francs In
gold But there was a Russian law that
shea d'a con DSi 'n tour aoiotSiks. 4 doll
2T7. ia grains) OF pure silver. This is z
Toubie. and nothing else is a roubie. The
worth Of -four francs IN gold, but Il was
worth four francs in gold. accidentally. %
long as gold kept a stable value as COM
pared with silver. so long as an ounce OF
silver equaled In value COS pence in gold,
Actually, gold has appreciated; ar ounce OF
silver equals In value only 70 pence In gold
1873 francs In gold. or the new. gold
rouble. is equivalent 10 2.s4x2-5i.8 rou-
stituting the new gold rouble for the old
silver rouble, which is the measure OF all
our debts contracted prior TO 1898. the gov.
s T6,aS !. h la t sIHes &c rs 2 ,h mEn the old u I'll.
yer unit. that by this means our debts.
without any change in figure, have actually
been Increased BY So per cent
After having shown the steady In
crease of the public debt and the sale
of a great part of the mineral riches OF
the country to foreigners, NJ. Boutmy
proposed to the congress the following
resolutions. which we're voted almost
unanimously-66 votes against 4.
THE agricultural congress OF the gov
ernrnents OF central Russia at Orel, In ses-
sion on the evening OF May 26. 1898:
Il. Whereas. The principal cause OF tho
present agricultural crisis is a general fal
In prices for all the products OF agriculture
and the late rise In prices Is only an acci-
dental and passing phenomenon caused BY
the universally bad harvests OF 1897.
-. Whereas, The fall In prices results d.
rectly from the Increased purchasing power
OF gold. caused by the characterization Of
silver:
%. whereas. The fixing OF the paper
money OF Russia at a certain ratio TO gold
and the introduction o.: the gold STANDARD
In Russia must make Russia participate
henceforth In the universal agricultural
crisis that threatens TO be prolonged In
definitely: therefore be IL
Resolved %. To call the attention ofths
minister OF agriculture to the necessity .
the revision OF the late monetary laws Will
a view to conserve the interests OF the Rus
SIAN ~agricuiturist and OF Russia herself
menactd by the Abandonment OF silvel
money. which was her historic money.
-. In the event of this revision being helt
10 be inconveniert and considering that tn
introduction OF a new monetary unit or golc
has increased the burden OF the land take.
Of the peasants and Of the mortgage debts
OF the land owners by more than so per cent
The congress finds Il absolutely necessary