Iron County register., 1899-11-09
The Cause of Free Silver.

rich tracts of virgin soil. The gold dis.
coyeries of California and Australia
with 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 conspiracy con-
sisting of 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 1873 and 1894. The extension of
the gold standard to Russia, Japan and
the attempt to extend it to India con-
stitute a 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 viii be-
come universal as the people OF no
other nation have the power to success
fully oppose the powerful creditor COM
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. Ithas
seldom happened that the increase OF
gold and silver was large at the same
time. Thus, if the world had been on
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
a 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 perceptibly 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 well. If this is
done it will only be few short years
hn 1r-o1 oh he
many times as great as the supply and
the world will have to face an era of fall
ing prices indefinitely. Therefore, the
intelligent people of the world will not
abate one jot or title 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 go 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. |
Watchman.