The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1899-12-14
THE EQUALITY OF SILVER.
Congpess Cannot Make Demosetissd
silver Dollars Equal te ssHad~
ara Dollars.


Ever since We have been able to ae'
quirc any information upon the sub
jcrt of the two great money metals,
gold and oliver have ataud upon an
equality as 10 value. with silver as the
prevalent aud desired medium of en-
change In commercial transactions.
Wherr one metal has largely exceeded
the other IN production, the surplus
metal has invariably gone into the
arts and the equality thus preserved.
Since the discovery Of America In
1909, the worlds production Of gold and
silver has been, Gold about $4,000
COO, 1000, and silver about $9,j0n, 100000.
st the present time the entire money
(cuiul stock Of the world is practically
equally divided between gold aud all
yer being about sl,350. g80,0O0 each.
For he last 80 year. the statistics show
that the excess OF imports over exports
81 gold aud silver stand about the
same.
When the enormous output of gold
began 60 fow into the worlds supply
from California and Australia. Golden.
Of England. and Chcvaiier, OF Frame.
demanded the decentralization Of gold,
fearing tina; It's oycrproduetion would
reduce the yellow metal In value 10 Il
point less than silver. But Immediately
an enormous output of silver destroyed
that fear and restored the equilibrium
between the two metals. The hobby
Of financirrs was that an increase IN the
volume Of one metal would correspond
iuply reduce the value of the other.
The financial history Of the earth hat
demonstrated the contrary. for. rs hnS
been said. the increase 10 volume Of one
metal or the other has always been
turned into the arts and not into the
coinage Every attempt go nrtifciasly
maintain an equality between two
metals that are governed by natural
laws as to their production, has rcEult-
ed ~ commercial disaster. oppression
and injustice. the creation of sudden
aud abnormal wealth and financial
ruin. II was nou-produeiuR countries
like England which first destroyed the
value ratio between gold and silver by
the decentralization Of the latter. and Its
reduction 10 the condition 81 mere
commodity. Gold was the money of
wealth and refinement, and the badge
Of national glory. France and the
United States stood out against her ard
acquired national glory M well as
wealth by the use Of the double stand.
ard, hut Il gradually dawucd upon
the minds uf our iiuaucicrs that as gold
was the money Of wealth and refine
mrnt, and silver tho money ~ the pco-
pie. of labor aud Of al those who strug.
gle for existence, that wealth repre-
scented by gold could be turned into "a
profitable venture by the dcmonetiza-
tinu uf silver and it, reduction 20 the
condition nf a mere commodity. So sil-
yer was dcmonctiyrd. mud the value n-
ito between gold and silver was re.
ducrd against silver hy the difference
between the market :aluc ~ liver bul.
lion before decentralization and that
market value after iis characterization
with silver NJ 90 cents an ounce now
when 1t was sI.g9 before drmouCtiza,
tiun. the equality between gold and sill
Yer has been violently reduced 81 cents
on every dollar OF the worlds stock OF
silver money.
So producers, We Of course lose 10y the
fall in price, and non producing nations
like England gain what We lose. The
disturbance of the universal value ra-
Ito between gold aud silver. and al the
same time attempting To maintain a
weight or volume ratio. hus introduced
into the economy Of finance danger.
ous, Chaugcfui ratio. fuvtuaiinr daily
like shares Of stock IN Wall street, and
tends to a wider divergence between
the two metals. the disastrous end of
which no man can estimate sufficiently
large. II means the reduction of the
people of the earth 10 slayish de.
prndence upon the money power, and
when We say that the public indebted
ncss Of the world requires all Of the
present and future gold supply Of the
world for the payment of interest. II
will In understood that gold II he MAJ.
ter. II dominates the price Of silver
money, I'M decreased value Of which Is
forced up TO the gold standard value by
the increased cost OF manufactures and
Of the necessaricE Of life, slight II may
be-, but Il is there. II Il In n bucket of
coal. IN every ounce OF tea. coffee, sugar.
In cups, and nothing that is necessary
for the poor 20 realize existence is with.
)ut II. The reason Il because the mass
II people require dimes, quarters.
halves and dollars of silver. and II Is
through the destruction Of the equality
oet~een silver ard gold coin that power,
~ proves It's own destruction. We have
the word Of Baron Rothschiid and Lord
Alderman that II Is impossible for the
congress OF the United States 90 make
demoneti2cd silver dollar equal In
7alue TO a standard geld dollar.
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