The Grenada sentinel., 1899-11-11
The Cause of Free Silver.

of tie past. The hordes found in Mex.
leo and Peru rejuvenated Spain and
caused her to lead all the world in civ
ilization and spread its dominions over
large portion Of the globe. The grand
march of civilization has been during
the era of a great and continuous in
crease of money supply.
Money supply for the world was in
terrupted at the beginning of the pres
ent century by revolutions in the Span.
ish South American states. This caused
an era of falling prices and general dis
tress throughout the world during the
first half of this century from which
America was relieved in large meas
ure by the inflow of emigrants bringing
with them what money they could
gather and the occupation of large,
rich tracts of virgin soil. The gold dis
coveries of California and Australia.
with q cessation of strife in South
America restored money supply and the
conditions of prosperity again became
universal.
Never until the act of 1873 demonetiz.
ing silver had become an established fact
was it suspected that a conspiracy con-
sistingof the worlds creditors was oper'
ating to outlaw either gold or silver for
the purpose OF restricting money sup
ply. The success of the assault upon
silver by this worldwide and powerful
creditor combination has had the ef-
feet of doubling the purchasing power
of every ounce of gold in existence be-
tween 1878 and 1894. The extension OF
the gold standard to Russia, Japan and
the attempt to extend it to India con-
stitute menace to the future pros
perity of the world. If the people of the
United States fail to restore bimetal'
lism, the gold standard policy will be.
come universal as the people of TO
other nation have the power to success
fully oppose the powerful creditor cora.
bination that is forcing the gold stand
ard upon the world.
Throughout the history OF the world
it has usually happened that money
supply was relieved by an increased
yield of silver at one period and an in-
! creased yield of gold at another. thas
seldom happened that the increase Of
gold and silver was large at the same
time. Thus, if the world had been or. a
single monetary standard of either
gold or silver, we have no assurance that
the conditions would have existed that
would permit the development of such
civilization as we now have. The in
creased supply of gold from the reefs
of South Africa, from the newly dis.
covered placer beds of the Klondike,
and the discovery of the cyanide process
has wonderfully increased the supply
of gold within the past two years. This
increase in money supply has checked
the fall in prices, relieved the strain
upon money throughout the world and
is pcrceptibly felt in an improvement
in general conditions. The result is
that the known gold fields will be
worked day and night with all the pow
er and force of modern processes and
modern machinery until they are
worked out. During this period, how
ever, should the people fail to careful
ly guard their interests, the gold COM
bination hope to firmly establish the
gold standard not only in the United
States but in India as we'll. If this is
done it will only be a few short years
until the draught upon gold will be
many times as great as the supply and
the world will have to face an era of fall
ing prices indefinitely. Therefore, TIE
intelligent people of the world will not
abate one jot or little of their efforts to
restore bimetallism.
The republican party. which has fall
en- irrevocably into the hands of the
money power, trusts and monopolies
will still stand for the gold standard.
The money kings through their enor-
nous patronage will continue to con-
troll the metropolitan press, but the
great intelligent masses of Americans
who are to live and prosper by their in
dustry and labor and who desire to
leave as an Inheritance to their children
conditions of prosperity, will 60 stead
fastly on and drive from the control of
The government the agents and attor.
neys of the gold combination and mo-
nopolies. Upon every question of pa.
triotism and morals and humanity the
democratic party is in the right upon
party issues as now defined. while the
republican party is simply the servant
of the minions of greed who are con.
federated for public and private plum.
der.-National Waterman.
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