The broad ax., 1899-11-04
SILVER'S RIGHTPLACE
STOLEN BY PEOPLE WHO
NEVER WORK.
H Non-PrOdueers Were Interested Ia
Demonstration 1t Quickly Follows
That Producers Mast Look After Re-
monetI1ation-ErrorI Is Easy to Correct.


ject Of the two great money metals
gold and silver have stood upon al
equality as TO value, with silver a.
the prevalent and desired medium o
exchange in commercial transactions
Where one metal has largely exceeded
the other in production, the surplu!
metal has Invariably gone into tht
arts, and the equality thus preserved
Since the discovery OF America In
1892 the worlds production OF gold and
silver has been: Gold, about ten thou.
sand millions OF dollars. and silver
about nine thousand five hundred mil.
lions OF dollars. At the present time
the entire money (coin) stock OF the
world Is practically equally divided be-
tween gold and silver-being about
four thousand three hundred and fifty
millions each. For the last fifty years,
the statistics show that the excess of
imports over exports OF gold and sill
yer stand about the same.
When the enormous output Of gold
began to flow into the worlds supply
from California and Australia, Cob
den Of England and Chevalier Of
France demanded the decentralization
OF gold, fearing that its overproduction
would reduce the yellow metal in value
to point less than silver. But i'm
mediately an enormous output OF sill
YER destroyed that fear and restored
the equilibrium between the two met
ais. The hobby OF financiers was that
an increase in the volume OF one metal
would correspondingly increase the
value OF the other. The financial his
tory OF the earth has demonstrated the
contrary. for, as has been said, the in
crease in volume OF one metal or the
other has always been turned into the
arts and not into the coinage. Every
attempt TO artificially maintain an
equality between two metals that are
governed by natural laws as to their
production has resulted in commercial
disaster, oppression and injustice. the
creation of sudden and abnormal
wealth and financial ruin. It was non
producing countries like England
which first destroyed the value ratio !
between gold and SLIDER by the demon |
Of the latter, and its reduc- |
ton to the condition OF a mere COM |
modify. Gold was the money OF |
wealth and refinement, and the badge |
of national glory. France and the
United States stood out against her,
Ind acquired national glory as well as
wealth by the use OF the double stand
lrd, but II gradually dawned upon the
minds OF our financiers that. as gold
vas the money OF wealth and refine
nent, and silver the money Of the peo-
lie. Of labor, and OF all those who
struggle for existence, wealth repre-
ented By gold could be turned into a
'rohtable venture by the demonetiza-
ion Of silver and its reduction to the
ondition Of a mere commodity. So
liver was demonetized. and the yalue
alto between gold and silver was
educed against silver by the difference
etWeen the market value Of silver
uilion before demonstration and that
iarket value after it's decentralization.
With silver at so cents an ounce now.
hen 1t was SL29 before demonetiza-
on, the equality between gold and
liver has been violently reduced IS
snts on every dollar Of the worlds
.ock Of silver money. 6
As producers, We, OF course. lose nv
lie fall in price. and nonproducing ma
ons like England gain what we lose.
he disturbance Of the universal ratio
stWeen gold and silver, and at the =
me time attempting to maintain a =
eight, or volume, ratio, has intro =
iced Into the economy of finance a =,
Ingerous' changeful ratio, fluctuating h
lily like shares OF stock in Wall n
rect, and tends to a wider divergence :
tween the two metals, the disastrous n
q OF which no man can estimate q
mciently large. 1t means the reduc- :,
IN OF the people OF the earth to a =
wish dependence upon the money :,
Wer, and when We say that the pub
Indebtedness Of the world requires =,
OF the present and future gold SUD- =
OF the world for the payment OF :,
crest, 1t will be understood that gold ..
the master. 1t dominates the price .
silver money, the decreased value of
ieh Is forced up to the gold-standard =
lue by the increased cost Of manu- =,
lures and Of the necessaries OF life: ~
sht 1t may be, but it is there. II is "
q bucket Of coal. in every ounce OF - -
, conee. sugar. tin cups, and moth -
that Is necessary for the Door to ~
lie existence is without II. The
son Is because the mass of people PC
uire dimes. quarters, halves and a.
lars OF silver, and It is through the ~
truction Of the equality between a.
'er and gold coin that poverty sc
YES Its own destruction. We have =,
word Of Baron Rothschild ana !"
d Alderman that It is Impossible
the congress Of the United States
make a demonetized silver dollar !
al In value to standard gold dol- Sc