The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1899-12-21
THE Bitter BITTEN.
Goid CSatracttsniatm Bsgeafe& ~
Their Own Gams s- Features
of Present sltastioa.

chahiDg power, their motive being TO
enrich themselves uniustly al the ex-
pcnse Of general society. They have
no special love for gold because of its
color or other quantities any more than
they have for silver; with them II Ia
only R-ausstion Of money supply. With
contracting money volume aud fall
ing prices the purchasing power Of the
money that they receive annually az
interest and the principal In. which
their bonds are to be paid Is constantly
gaining greater control over the prop
eriy, commodities and labor OF the
world. The first organized movement
of modern times 20 demonetize one Of
che money metals eliminated about
half century ago when the great cred
itors became alarmed lest the gold out
put from the then new discoveries In
California and Australia would 30 mug
ment the worlds money supply and
cause prices to advance that their inter
csts might suffer. At that time sew
eral European states were indnced to
discard the use Of gold and make their
coins Of silver alone. Their project TO
completely demonetize gold was de-
feaied through the obStinacy Of Eng
land. The British merchants were at
that time rapidly extending their trade
with ali nations and would not tolerate
n change in their monetary standard.
Hence the movement against gold
failed.
The movement agninst silver took
definite form when reports were spread
throughout the world Of the fabulous
riches Of the Comstock mines In Ne
vada. The opportune time presented IT,
felf when the German states were
united into an empire and were about
to receive a thousand millions Of gold
from France as war fine. The United
States at that time being under a aus
pension OF specie pnyemnts and the
business q the nation being adjusted
Go the paper circulation upon which the
war OF the rebellion was fought, Il be-
came an easy matter 20 smuggle the
dcmonetizing clause into the mint bill
In 1879, thus outlawing silver in the
United States without attracting the
attention Of congress or the country.
The outlswing ~ silver by the United
States congress, and the adoption of
gold as The money metal Of Germany,
who was TO collect a thousand millions
OF thai metal from France In brief
period, forced France to close her mintt
TO the equal coinage Of silver with gold,
In order 10 prevent Germany drnIning
her Of her gold In exchange for the sill
yer coin which was being Withdrawn
from circulation in that country. Thus
the legal lignturc that held the two
metals together as one money for the
world was severed through the mints
accepting gold and coming IL without
limit into legal money, while silver was
rejected at the minis, reduced to- COM
modify TO be marketed in oriental ma
tions, in all OF which it retained unre-
Stricted monetary functions until the
closing OF the mints Of India In 1898.
The struggle Of the last 25 years be-
tween the money kings on the one aide
and the great masses Of the people in
the civilized nations on The other over
the money standard has been the re-
suit.
In the United States the gold combi-
nation secured control Of the orFaniza-
tions OF the two great political parties,
and It's national conventions professed
friendship for the restoration OF sill
yer, but Invariably procured the nom
ination Of candidates who were secret
ly pledged TO the gold contraction pol
icy. The disappointment OF the DEM
ocracy of the United States In 1898
when Cleveland forced the repeal Of
the Sherman law md Carlisle proved
himself renegade TO his constituents
and his party is fresh in the minds of
all. The revolt OF the democrats agninsi
Clrveiandism and the triumph OF the
people In the convention at Chicago In
1896 Is also fresh In their memories.
The fabulous campaign fund thnt was
raised 10 secure the election Of Nc
Kiniey, who had given one pledge to
the people, namely, TO secure blmetal-
iism by an international ngreeemnt, and
another one to the money kings, TO pre-
vent an International agreement, was
csiculnted TO fix the gold standard per-
rnsnentiy upon the American milton,
which was the only nation that the
gold combination feared, no II Is the
only nation where the people have the
political power TO right their wrongs.
II Is interesting 10 note that while
the gold combination ere forcing their
measures to confiscate the property of
debtors and ensiase the producers of
the world under gold standard, TINT
the gods are working on the side OF
tbe people. The discoveries In the
Klondike. the increased discoveries In
Colorado and other states, and the dis
covery Of the eyandide proeccs caused
the output Of gold In IseD 10 he more
than double that OF lss6, and makes the
increase Of money supply from gold
alone greater this year than the annual
increase wcufd have been from bath
metals upon the basis Of production Of
1896. This Increased money supply
has caused gold 10 depreela.e. and the
general leses Of prices TO advances. The
increased production OF gold Ia Africa
has jumped from Ss4, 4,nf0. 900 Ga 1876 10
more than sioc .oco.oan last year, and
the worlds output has Increased from
set7.00o. 600 In 1896 to more sksn
$i.ooo. 900 . day during the presentyssr.