Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1898-08-04
The Cause of Free Silver.

Il
OF merchandise exported does not suffice
| to pay the interest upon the debts the de-
| nciency Is nIied by new borrowings. by q
| further heaping up OF the public debt.
| The relative and mutual value OF come
modities Is determined by the law of sup
/ ply and demand. The same law regulates
| the relative (reciprocaD value of money
| and merchandise.
The relative value of money and COM
modftieS Is determined by the respective
quantities which happen TO be offered upon
the markets of the world. The more
abundant money Is and the more its supply
| is increased the lower will 1t fall and the
more viii commodities appreciate and then
| the quantity OF goods that debtor nations
are called upon TO export in payment of in
terest will be diminished. and thus the bur
den of public debt lightened. The scarcer
money is the dearer it win be. the lower VIII
wiz become the quantity of products that
debtor nations VIII find ii necessary to ex-
port, to the growing detriment OF those
states. for it must aggravate their econom-
| ic dependence upon the creditor nations
duction of the precious metals and Of mer-
chandise have 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,
the ss 8 s. YEARS yes 5is rev.
value has changed constantly In favor of
| the creditors. of the International bankers,
and constantly to the detriment of all
debtors. But this change cannot be at
tributed TO natural causes: it is the result
OF 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. Bamberger. declared that
simple commodity, and that gold alone
should preserve the quality of money
metal All the states governed by parlia-
a a n n a nj rr1xar or
less sensitive to the influences of the money
power. followed one after the other the ex-
Silver lost the privilege Of universal
coinage; the yellow metal vas given mo:
money In the werS Was reeuSed anS y hail
| IN the international markets; money
oSieed to ia str,n e9 oS1eor Ha dh, were ere
quantity OF produce in order to pay the
| same amount of interest: the drain upon
those nations and the unmerited profits OF
the bankers. 1t is just here. in this spolia-
profit of the International bankers. that one
finds the single foundation OF the gold mo.
nometallic system. Of that golden yoke
bankers. drags upon all the civilized world
Free from this yoke up to late day
cessible to the influences of the bourse 2
Mexico. where the strong government of
| Gen. Porfirio Diaz for 20 years has held the
country and protected II from the intrigues
of the Jews. 3. Russia, where the auto
cratic powers of the czars. inaccess fble to
the influences of the international financial
| classes, was an insuperable rampant to ali
the efforts to abolish the silver standard
our legitimate money.
silver standard and the country prospers,
to the great chagrin of the gold monometaI-
lin ali the monetary conferences up to
1888 people spoke with envy of Russia and
of India; which were sheltered from the
universal monetary crisis, having pre-
served the silver standard.
But In 1888 the English government sus-
pended the free coinage of silver in India
and caused the rupee to rise some 50 per
cent. above the value of the weight OF bull
fast approaching ruin; in the place of
fiourishing agriculture We have seen fam
ire: in the place of a peaceful development
ruined; but the English government. the
English bankers, are euriching themselves
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.
pect that to the Russian government the
interest of the Russian people would be
dearer than the interest of foreign bankers.
"Nexertheless. In the same year 1888 the
free coinage Of SILVER was stopped stopped IN Rus
Il. Always kept equal to z Is francs in
ured by silver. as follows:
ONE CREDIT ROUBLE.
1892. 1898. 1894. 1895. 1896 1897 1888.
ss.5 liz 136 14e 1Ss 16o 15s copeca
Some one may answer: The govern
ment has cut the value of the rouble, which
francs, and you pretend that the rouble has
appreciated Gentlemen. l know of no law
parallel kind In any country THAI fixes the
monetary unit in foreign money. There
never was Russian law that said that tbs
gold. But there was a Russian law that
saic that our rouble, our monetary unit,
GINA grains of pure silver This is a
rouble, and nothing else is a rouble. The
silver rou6le BE never was to contain hIia the
long as gold kept a stable value as com.
silver equaled in value COS pence in gold.
Actually. gold has appreciated; an ounce Of
then four francs in gold is equivalent &c
26-60S-2I roubles In silver. Therefore,
20 francs in gold. or the new gold
bles in silver. So you will see that In sub
shutting the new gold rouble for the old
silver rouble, which is the measure Of all
our debts contracted prior to 1888. the gov
eminent has given to US monetary unit
which is l.56 times dearer than the old sill
yer unit. that by this means our debts,
without any change in figure, have actually
been increased by IS per cent"
After having shown the steady in
crease of the public debt and the sale
of great part of the mineral riches OF
the country to foreigners, NJ. Boutmy
proposed to the congress the following
resolutions, which were voted almost
unanimously-66 votes against 4.
THE agricultural congress of the gov
ernments of central Russia at Orel. In ses-
sion on the evening OF May rs. 1855:
Il Whereas, The principal cause OF the
present agricultural crisis Is a general fan
In prices for all the products Of agriculture,
and the late rise in prices Is only an acei-
the University bad karvests Of 1897:
SO Whereas, The fall in prices results d.
rectly from the Increased purchasing power
':s. whereas, The fixing of the paper
money of Russia at a certain ratio to gold
in Russia must make Russia participate
henceforth In the universal agricultural
crisis that threatens to be prolonged in
defiaitely th e, T be + ,,sn,,on o,,ns
minister of agriculture to the necessity Of
the revision Of the late monetary laws with
a view to conserve the interests of the Rus
sian agricuiturist and OF Russia herself.
menaced by the abandonment OF silver
money, which was her historic money.
go In the event of this revision being held
to be inconvenisnt and considering that the
OF new monetary unit Of gold
has Increased the burden of the land taxes
of the peasants and OF the mortgage debts
OF the land owners by more than % per cent.
in the interests OF justice TO demand the
reduction of the sum of all fixed charges in
the same proportion that the new rouble Is
dearer than the true silver roubie which
served as foundation for all contracts up
to late day.
These resolutions" adds NJ. Bout
my in letter to Us, ''have produced
graaf seuSafion in Russia and hava