The Utah County Democrat. [volume] (Provo City, Utah) 1898-1909, 1899-08-19
EXPANSION
OF
PLAIN TRUTHS"
I v

With a true Dimetallic system or n.
nance 10 operation, IL would be entire
10 Immaterlsl whether the unit OF va
Inc we're a silver dollar or gold dol
lar. therefore we would not disturb the
present basis, which since 1878 Is the
gold dollar.
Under our proposed system there
would be u demand for all the silver in
the world, and as there Is limited
supply, 10 candid, thoughtful person
can deny that the silver bullion would
Immediately advance to within a frac.
ton Of It's coinage value, 81 20. ~ per
ounce.
With the balance OF trade 10 our fs-
yor, 80 that hundreds OF millions of
gold have been imported into the Uni
ted States Ia the last two years, we
have exported millions Of silver, which
couclusively shows that there Is no
surplus of silver in the old world.
Therefore II the United States
would adopt bimetalism the whole
world would immediately be upon
gblmetallic basis. for the silver-uslng
world would have to buy II at Its coin
age ratio. II our government pays
that, no one else can buy for less be-
cause no one will sell for less.
There Is no question that even upon
o uncomfortable basis the rich nations.
England, Germany, France and the
United States 1.-THE immense hardship
Of the change being pasD eau enjoy a
measure of prosperity while Italy,
Greece and all the poorer nations, the
bulk OF whose debts were contracted
on bimeiallc basis, are simply grind
ing the masses of their people Into the
earth in trying to pay their running
expenses and keep favored class 10
opulence.
With bimetalism restored, these less
wealthy nations would have a reasons-
BILE degree of prosperity, through the
tightening OF their fearful burdens,
the relief of their landowners, and the
stimulus to their industries.
1t Is then apparent that the money
question is not a mere abstract ques-
ton of economics; IL IL a question Of
honesty and fairdealing; IL is ques.
ton OF philanthropy and humanity: It
Is almost question OF life and death,
and that not of individuals only, but
or nations.
Is 1t not worth while for our nation
to take the noble stand Of helper TO the
weak and oppressed in this much farth-
er.reacbiug way than by declaring war
and fighting for few Of them, worthy
as that has beenf
Our country is rich In gold and silver
and all material wealth. 1t holds the
key to the situation and has a citizen
ship able to understand and cope with
the financial problem.
Who but the spectators 10 money,
the n-producers, those who live
not by what costs labor. costs money.
but by money itself, wishes money
made dear and scarce aud concentrated
In few handsp
Is Il for the general prosperity or
public and private morality to have
immense fortune accumulated by such
measures. for which the m asses suffer-
Wepresent the humanitarian, moral,
noble aspect first because II is the best
the only true one TO act from.
But the beauty of this case, from g
selfish standpoint, is, that while oui
country vas making itself as a bene
factor throughout the Eastern hem
isphere by lifting the burdens OF deb
and want. 1t would at the same time
he doubly enrlching the Western
World. by lifting silver to its ole
standing.
For while England, Russia and Chini
mined gold In large proportion. they
with other nations, must look TO III
%. ell