Marshall County independent. (Plymouth, Marshall County, Ind.) 1897-1902, 1898-09-30

the greenbscks had been added to the
circulating medium, the farmers pro-
ducts would have CORE up, wages
would have increased and industry
would have been stimulated. But the
measure was defeated and the bond
| provision retained
! The inheritance tax Instituted by the
democrats became a law. 1t was a
measure providing 75 cent levy on
the 500 for all property falling heir to
children; $3.50 per hundred on all in
herited by uncles; SO 90 on all property
inherited by more distant relation.
The intention was to reach such vast
estates as the Goulds, ETC., which change
hands without profit to the govern
ment. 1t will be noticed that this tax
differs from all other United States
modes of taxing and agrees with the
methods used by the states in that it
taxes the person on what he Is worth
and not on what he consumes.
When the proposition came forward
for coming the one and one-half mil
lions of silver bullion lying idle in the
treasury into silver dollars, the demo-
Gratis asked: How can you place this
government in debt when you have
millions in the treasury? Did they
answer it? No. They might have
answered it. They might have repro
duced the argument about the super
abundance of silver which served them
such good turn in '96. They might
have talked about over abundance and
debased metal. But they did not. Why?
Because the argument of so was fall
lacious. In the presence of war truth
was demanded, and they dared not
trifle. 1t was most magnificent &C
acknowledgement. They did not even
pause to question. They simply &C
Quiesced The silver was coined. The
amount was clear gain, added to our
currency. Not larger gain certainly,
but it was concession to the cause of
free silver.
The result of the investigating
committee sent to Europe proves
the reliability of silver. The French
cabinet agreed to coin it at the
rate of 151a If proper arrangements
could be made with England. England
has law authorizing one-lifth of her
reserve to be held in silver Remem-
Der, it is the reserve with which she
pays her notes.
Conditions were favorable for inter
national agreement, but England's cabi-
net hesitated and said, we will comply if
only the Indian boy consents. The In
dian boy is controlled by those corpora
tlODs and capitalists who regard silver
their enemy. The Indian boy did not
consent. Thus it was ended.
Could England, with all her caution
and refined financial delicacy afford to
keep any part, and part as large as
one-fifth in her reserve?
| Freedom in the mint is as inalienab le
as freedom of speech, freedom of the
press or freedom of lawful assembly.
A history of the ratio of silver shows
the following progresslons: The first
ratio was the lowest of all and stood ]
tot At the birth of our savior the
ratio had risen to 10 to 1; at the fall
of the Roman Empire, II to l; at the
time of Columbus, 13 to L.
The Columbian era witnessed The
greatest addition in the history to the
silver market. For forty years SpaiI
sent her silver fleet to South America
twice year. Twice year it returned
laden with the precious metal, like W.
would laden vessel with lumber
What was the effect of this enormou,
addition to the silver market? In on,
century the ratio arose to ii. At the
period of the revolution it had risen Il
10. In 400 years it arose 2 points. Or
an average the ratio had changed ont
grain for every 300 years.
In the history of money for 1,S0C
years silver raised 6 points. In tn,
history of silver for the past 30 years i
has risen l6 points. Statistics prove
that the amount of silver mined woulC
effect it only at the same slow rate tha
it was effected through the trial Of
Is centuries. Ii it was not demOnetiZa
tion that caused the ratio to rise II
points in 30 years, what was it? Ha,
Vesuvius been belchlng forth stream.
of the pure metal? Has mountain
range of pure silver been discovered to
effect so suddenly the work of almos,
three times 1900 years? Real estate
has dropped 30 per cent of its former
value. After improvement it does no
sell for what the unimproved property
would have sold for thirty years ago
Why? Has there been an OverprOduc-
tion in land? The same example is ap
plicable to silver.
The sccessions acquired in the lat'