Mohave County miner., 1898-09-24

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white metal basis and depreciatlng
currency. That is tho argument we hear
The Bland-Allison bill was passed In
1878 the door was partly opened by the
admission OF silver to American minis.
1t went in and continued for period OF
nearly Is years. Now there ia 10 years
OF it's experience in driving gold from
this country. They said 1t would do it,
and instead of that It started an i'm petus
to business, and 10 that time there was
nearly four hundred millions coined, that
lie, the fractional currency and all. Dur
ing that time instead OF gold being driv.
en- away because OF the introduction vi
silver as they said it would do. We coined
nearly three hundred millions Of bullion
gold. Beginning with 1873, We exported
that year 9l9 COOS and imported nearly
two millions, and until demonetization
hegan aYaln, our exports pxceel,d our
Imports, and we gained nearly three hun
dred millions Of gold. SO say that ar,
gument necessarily fails. 1t is needless
TO 70 any further.
They, however, used another arpu
ment; they use it today. That argument
is that the gold bullion, II you start silver
into the mints again, will 20 into q cor.
ner. II will refnse to go to the minta he.
cause 1t is worth more than silver and
1t will hide, and it will force You to use
silver alone Now say that the s'a-
tistics show that this is not true. Repub-
lican administrations one after anoiher,
have made record upon this sui .ct,
bnt in The iace Of this they use The old
argument.
Now In 1891 you remem her that the
Sherman Law WAS repealed, Il forced us
upon n gold basls, hat prior to that time
as said bIfre. nndsrs and, We h ID
gained nearly 800 O0) OJOs ,ecin,e Of The
use OF silver, aud nearly all Of both heing
coined 30 that thsrs was nearly half a
billion gained IN the exercise.
NV the history is rSst when this
coinage Of silve. hsEsn. all the ailver
bull on went into the mints there Il de
manded entrance and was sent hack In
the form OF money, and instead Of gold
hiding ss they said it wouId, there was
81 900 900 IN ore Of gold the frst wear VI
ter silver was admitted. 81, 900 600 the
second year and l22,00O, 900 the third
year, and 20 on; instead of hiding away
there was nearly 5OO.00o, 900 more than
there was Ave wears previous. So tina,
argument necessarily falls.
The s'imnlns Of business drives II into
with silver, and therefore !, |
has To come ont gold mnst come out and
compete with silver Business dem ands
II, II encourages it and throws il intol
there can he no ones ton |
about that. II you will reverse the thing.
iemoneiizs the silver and shut the doors |
of the mints, throw them open wide to |
gold, admit it only, return back to yonr
single standard; u then that begins to
fall and yonr mportations grow greater
han yonr export stions, that testifies to
he f,lsi,y Of the argument used.
In 1890 the sherman Law was passed,
known as the Bnllion Bill treasury no'es
we're issued; silver bullion was bonght
,y the government. 1, was piled up In
he American treasury and 1t stands there
odsy, l3 600 tons Of It. uncointd, lying
'till, with the country's arms around il.
In 1891 the Sherman law wss repealed
/. stopped the coinage OF The silver dollar
q toto. The doors OF the mint were
gain ci5sed In the face Of silver
'oiusge; they we're thrown wide and ad
nitted gold on every side and at all
lines and on all occasions. What hap.
'ened to importations? 5, 6, 7 years
AVE gone by. NV my friends, Il II re.
'ea's itself and shows in onr experience
hat the gold leaves the country faster
han IL comes in, then the argument is
net the second time in the history Of the
epublican party and this government
as made, and gives The lie to the argu
nent that they make today.
Now in 1891, after the repeal OF the
herman law, after the closing Of the
oors Of the mints against the white
,etal, we exported Sc OoO,OOO$ Of gold
re got hack IS SIG 0OO$; the next year |
las so 600 .0O3$; we got 30 600, COOS back
he next year lOs 600 COOS and all We I
ot back was % 900. .OOOs; the next was
, aOn OOO& n Nd mo ,ot 10 O,n nooe l. - | .