Arizona republican., 1898-11-17


 ifl5 law Gf 1upply and ucThald shall EreEulate Inc price ii shall obtain You
 ca1not absorb silver Wi-hgu, depge-
 ciating your currency ! consider that 1t is foolish statement to make that
 the st0ppaga u the purchasing of sil- iver by the government dem0neeiz1 q lsilver. Silver Was never denoneized. Prem the first to the last there has Enever been any attempt CT the part O. Iprice of silver. On the cCn-rary. there is a gold endorsemant 70 help maintain Esilver curHepcy.
 T regard silver as having nothing sacred in it's character more than cop per pig lead or pig iro1 which are lsuhjecI ro the same iaW Of aurply and
 demand; no more tA.tn any of ,he I products c tho world ehnuld silver be IreeardeG a- sacred sold copper in Itha 'fiftiaa l.. 10 c-a>a pound, and during the past TWO y6aIs ydu could 1 buy It for $ cants q pouad: sold lead a. I cents pound, and within inc las: twc years 1t could be bought for 2M cents: l sold pig ircn at $i0 q on, and today I could get but BIO q ton for it;
 at that time aluminium sold at SIP 2 pound which today l can furnish to the market for 5 cents q pOund The frs steel rails produced in this com
 try and laid befCre Commodore F<in- derbilt were held a5 S200 a ton. He told the steel rail people that no rail- road in the United States could pay such an exorbitant price and take up is iron rails I can furnish soday q
 million tons Of steel rails for ST to S2O a ton l mention thesa things to show simply tha5 if silver has fallen in price from $52 900 a ton in the open market to little more han $1z090 it IS only because of decline i'll prices in common with other meals
 T had at one time in my camp near Prescott sven of the original 49ers who went across the plains to Califor- nia in the early days. They told me that California in those times pad an ounce of gold for an ounce O. four l00 ounces Of gold fer 109 ounces of four 1 would like to have the silver men explain to me wheth1r gold had gone down CT four had gone ID. Two thousand dollars in dust was paid for flour enough to make . d0zer loaves cf bread 1 think before aaCthar admin | istration comes in the people of Ari- i zona will discover that tEls question l of the fr5e and unlimited coinage Of silver is a political hoOdf e, with it's gone a-8limnlaring.
 @sThe silver product in Arizona is !
 
 not the very least Of all her products. | 1 question whether cattle, sae7p, hcgs and corn and 1 was about iC say poul~ | try. are not of as much value, taken separately. as the silver pcoducs Of this territory The entire prodUc. e the Uni ed States in silver. suDF Fosing il . to be D 900 ,060 ounces at 5G cents an ouEce. does not cut q higniy respect able figure in com carlson with the vast agricultural interests of the to say nothing Of the gold and iron ore and he rock salt interes5s. 1rG these last meals re the basis or All l-l--l--s5. ->- @ VIC. cs- the mo- insignificant istms ca the list such as lead ccGDer, z-ae, an -iaoly and silver, and plac silver IL 5G cents an ounce, i will b2 seen -ilat the value thei5 5of is somewhat in 5iGaIficant. l told my friend, Senator Teller. when he called me 8old5us hat l much preferred that title than Je5ng called silv5r jaekass. i
 Il believe wi.h tle free coinage Of ;iIyer the price Cf that commodity 5ould drop 10 E cents ar ounce. and he standard dollar would be worth ,t the bullion it contained. and we would find ourselves with a deg aded .urYe1cy and a bankrupt country. We ssued sav1ral mil ion dollars some , ears ago Of Wha, was termed he rade dollar, which contained 4Z3 rains Of silver. II was supposed that hey would serve better chan the or inary dollar Of 4fZ grains in our pay nects to China an6 Japan for cur i'm .orta lions from tnese coan-fies, bue , crnehoW or Cch5r th " did nCt take -oII When I represented Arizona ia IL Forty-ninth congress 9 pill was introduced to recCin these 420-grain , sade dollars into the s-andard dollar { 3T11s grains. 1 happened to have atc- or four trade dollars, and ! sold hem in the market al that time 1o: 50 ents each, which represented their ! ullioa value. They have since GisaD- ed from sight.
 "Mu Hated currency loses it's full alu5 The standard dollar that has cen nicked CT punched and has lost by portion CT intrusion fCdf CT five rains Of silver is aoaepted a5 the treas ry os the United States fer its weight lly. and q $40 gold piece tha, has lost Jur or five grains suffers ia the same dE and becom7s | appreciated coin by la loss Cf weight. Millions upon illions of paTmonts are made by zighiug the gold CT silver coin in- cad e counting the pieces. Now ippose that law was passed SivlnS 5 free and unlimited ccinage of silver A ad [ have voted for it. Where Go 7me in as benedciary2 Can l eN- set Una. the passa&e Of that law will 2, i've me wealth which l dc not earn: = an l expect 10 gel any money frcn le United States mint without pre- snting bullion there for coinage?
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