The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1899-12-22
The Bitter BITTEN.


u r Il
mert 10 demonetize silver was insti-
gated and promoted by combination
OF the worlds great bond holders and
creditors for the purpose Of making
money scarce and enhancing its pur-
chasing power. their motive being 10
enrich themselves unjustly at the eA-
pense Of general society They have
no special love for gold because OF Its |
color or other qualities any more than |
they have for silver; with them II is |
only a question of money supply with
a contracting money volume and fall
ing prices the purchasing power OF the
money that they receive annually as
interest and the principal IN which
their bonds are TO be paid is constantly
gaining greater control over the prop
ertv. commodities and labor OF the
world. The first organized movement
Of modern times 10 demonetize one of
the money metals eliminated about
a half century ago when the great cred
irors became alarmed lest the gold out
put from the then new discoveries In
/ California and Australia would so aug
nent the worlds money supply and
cause prices TO advance that their inter
ests might suffer. At that time sew
eral European states were induced TO
discard the use Of gold and make their
coins OF silver alone. Their project TO
/ completely demonetize gold was de-
feated through the obstinacy of Eng
land. The British merchants were at
that time rapidly extending their trade
| with all nations and would not tolerate
a change in their monetary standard
Hence the movement against gold
failed.
The movement against silver took a
definite form when reports we're spread
throughout the world of the fabulous
riches Of the Comstock mines In Ne
vada. The opportune time presented it
self when the German states were
united into an empire and were about
10 receive a thousand millions o. gold
from France as a war fine The United
States al that time being under sus-
pension Of specie payemnts and the
business of the nation being adjusted
20 the paper circulation upon which the
war Of the rebellion was fought, ii be-
came an easy matter TO smuCge the
demonetizing clause into the mint bal
in 1873. thus outlawing silver in the
United States without attracting the
attention of congress or the country.
The outlawing of silver by the United
states congress, and the adoption o
gold as the money metal Of Germany
who was to collect thousand million
of that metal from France in brie
D period. forced France TO close her mint
to the equal coinage of silver with gold
= in order to prevent Germany drainIn!
her Of her gold in exchange for the sil
yer coin which was being withdrawn
: from circulation in that country. Thu
? the legal ligature that held the tw'
!. metals together as one money for IN
world was severed through the mint
accepting gold and coming il withou
? limit into legal money. while silver wa
re iected at the nints. reduced TO com
I modify TO be marketed in oriental ma
tons. in az OF which il retained unre
stricted monetary functions until III
I closing of the minis Of India in 1ss.
I The struggle of the last IS years he
tween the money kings on the one sid
the civilized nations on the other owe
the money standard has been the rs
suit.
In the United States the gold comb
:. nation secured control of the orgarizs
tions OF the two great political parties
and its national conventions professe
u friendship for the restoration OF 81
/ yer. but invariably procured the non
J. nation Of candidates who were secre
: IL pledged TO the gold contraction po
+! icy. The disappointment OF the den
u ocracy of the United States in Is!
q when Cleveland forced the repeal {
I the sherman law and Carlisle prove
'e himself a renegade TO his constituent
D. and his party is fresh in the minds I
n all. The revolt OF the democrats again
y CIevelandism and the triumph OF II
people in the convention at Chicago
1896 is also fresh in their memorie
,. The fabulous campaign fund that w
raised 10 secure the election OF Al
Kinley. who had given one pledge
the people. namely. TO secure bimeta
ism by an Acknowledgment al
another one 10 the money kings. TO pr
|. vent an international agreement, w
a calculated to fix the gold standard re
A manently upon the American natio
b which was the only nation that q
M gold combination feared. as i is 9
M only nation where the people have Z
political power 10 right their wrongs
IN II i interesting TO note that VIII
n the gold combination are forcing the
II measures TO confiscate the property
debtors and snslave the producers
the world under gold standard. I'll
the gods are working on the side
the people. The discoveries in Z
KlondilSe. the increased discoveries
Colorado and other states. and the q
- covery OF the eyandide process caus
the output OF gold in 1899 TO be me
than double that Of 1896. and makes
- increase Of money supply from e
~ alone greater this wear than the anEt