The Lamar register., 1900-08-22
THE STAMP MILL AND
NOT THE PULP MILL
A Bimetalist Who Voted for Bryan IN 1896
Explains the Situation.

axe p& tklHCAfN- NNN~A
into direct competition with the current
product of our mines. Under present
conditions, the inevitable effect Of an
attempt to change our coinage laws, by
the independent adoption Of free coin
age of SILVER. would be 10 render Us
silver monometaIlic, and the revolu.
ton In commerce and Industries in this
country and airoad would be startling
In the extremf
2 Financial and industrial ccndi-
lions do not now present such neces-
sity for radical action as appeared in
1896
The tremendous N 4 unsXampled In
crease in the gold supply has very
largely counteractei the effect Of legts-
lative decentralization of silver. Ma
ture has, to large extent, furnished
the cure for evils resulting from legts-
istive errors; and through the opera
( ton of divers causes this has been es-
p@cisIly SO In the United States. 1t
has Rot been SO In Russia, where
prices have been failing. owing TO the
contraction OF the currency; and there
are other European countries which
have not been SO favorably situated
as the United States to enjoy the rs-
suits OF the great Increase in the gold
supply.
In 1896 attention WIS called 10 the
great fall In the amount Of per capita
circulation Of money In the United
States. between July /. 1891. and July
], 1885, the fail 10 those two years was
s3-Is per capita. stRcr then there has
been rapid Increase In per capita ctr,
culation, the Increase amounting to
$3.50 per capita in the four years. our
present per capita circulation being
larger than st any other time In the
last thirty years.
The exports Of domestic merchandise
from the United States rapidly dIEHin-
ished from 1s92 to 1875. but Id the
last four years thess exports have in
creased beyond ali precedent, and are
now very far In excess Of anything
ever known in CIR history.
In 1888 there had for some years
bcen steady fall in all values. as
shown by the index numbers, The
Economist index number in 1891 Was
2.-.i; In the spring Of 1897. ii had fai.
len 10 the number. I,Ss5. which was
far lower than had ever been regis
tered liz more than hfty years SInee
then il has rapidly Increased. and On
April 3flth Of the present year II stood
At 2.240. which is higher than IL has
been t-sfoTe IN the last sixteen yeAy
5, True bimegAIlisf- ar hars-T --sy
men; Rat paper money h the most dan
Eeraus foe 70 the silver cause. In isSss
the Democratic party Ia Congress ai-
vocale eli the Issuance Of paTVr money,
not hacked by coin for carrying on the
expenses Of the war with Spain. The
Colorado Democracy. at the convention
which nominated Governor Thomas,
denounced the Republican party for It's
unwflIingness to resort 80 thAt scheme
OF manufacturing money.
The Monetary League" a present
appendage OF the Democratic party, in
cry for aid just issued. demands the
issue Of paper money from lime to tin"
in quantities sufficient To make up any
deficit In the supply Of silver and gold
for the demands Of trade The Dem.
ocraIc national platform just adopted
demands the retirement Of national
bank notes as fast as the government
paper or silver certificates can be sub
stituted for them" The Rocky Noun
tain News jubilantly calls attention TO
this declaration, and to the fact that
nothing is said about coin re1iemp-
ton" and says: This is Progress with
big Pr
II is manifest that the present Demo
cratic idea is not bimetaInsm, bot In
fiation. with fat imitation preferred
True bImetaIlists look TO the Emelters
and the stamp mills. and not to the
pulp mills, for money material.
JOEL F. VALE.