Daily camera. [volume] (Boulder, Colo.) 1891-1928, 1900-05-16

capital has accumulated sufficiently. the
class which has had the capacity to
absorb it shall try to enhance the value
Of their property by legislation. This is
done most easily by reducing the guam
tity Of currency which is legal tender
for the payment of debts"
History has proven this statement to
be true. This is exactly what has taken
place in our own country, as we'll IS in
European countries. Demonstration of
silver has reduced the amount of real
money, and has increased the value of
the remainder in exactly the ratio be
fore mentioned. This, assisted by a
high tariff, has bred trusts, in whose
hands the great wealth of the nation has
accumulated. They are, to all appear.
ances bigger than the nation itself,
They control prices, and crush the small
dealer and manufacturer, and there is,
or seems to be no remedy. They say
what are you going to do about it,"
Tweed asked the same question.
Religious and secular papers have,
for some time, been writing editorials up
on the fearful conditions prevalent in
the famine.blighted country of India.
Nearly all speak of the failure of crops,
and attribute the distress solely to tn S
cause. Doubtless there have been crop
failures, but legislation in favor of the
gold standard has had some what to do
with the misery of the starving Indians.
Allow me to quote from an article by
Moreten Frewen published in the Finan-
cial News Of Jan. 3, 1900. He says;
"A serious famine has again overtaken
some millions of our fellow subjects in
India. and the public are appealed to
for funds to assist the government Of
India to fulfill its duties. What is want
ed is not food. but money to buy food. y
* The closing of the mint involves the
death. after cruel suffering, of our fel.
low-subjects, and their real famine re.
serve fund, accumulated during cent
uries, is in their ornaments and their
boards of silver bullion. Let me once
again quote the evidence of an eyewit.
ness, Mr. Forbes Mitchell. we'll known
Calcutta merchant.
Mr. Mitchell wrote to me during the
last famine that he had seen a peasant
from one of the worst famine districts
arrive in Allahabad with bangles and
other ornaments which had the mints
been open, would have coined into 1880
rupees; but the minis were closed, and
accordingly this poor man had to part
with his little hoard of uncoined silver
for 600 RUPEES; so that the closing of the
mints took from this one man 1880 ru.
PEGS, and reduced this famine fund in a
village where people were dying of
starvation by just that amount. x
Well did Mr. David Yule, the president
of the Bank of Calcutta, declare of this
amazing trick: Enforced scarcity of
money Is the only hope on which the fam
begetting gold standard depends.
To become wealthy, the government OF
India is endeavoring to render itself and
its trading community destitute" *
Mr. Frewen also, in the same article,
shows the injury to the people of Russia
in connection with the famine of the year
I8o7-oS, made more severe by the at,
tempt to adopt the gold standard:
Let me refer the Indian government
struggling today with famine. to an in
teresting analogy. At the session of the
agricultural congress of the nine govern
ments OF Russia, at Orel, in May of last
year. M. Georges Boutmy, of Odessa,
said of Russia variation from her silver
standard.
During the five years which preceded
the famine of the year IS97-oS Russia ex
ported 5o3,ooo,ooo pools more and re
ceived in exchange 100000 rubles
less than during the five years which
preceded the famine of the year 1891.
o.. If we had kept our legitimate silver
standard, these 5o3,ooo,ooo pools Of
food and 100000 rubles lost to US
through the gold standard would have
been saved to US and would have suffic-
ed to spare Russia the frightful famine
which devasted actually nineteen pro-
vinces, with a population OF 10000, 900,
cruelty decimated by the typhus and by
the scurvy, those satellites of famine.
The famine of 1891 claimed $4,000
human victims. These hundreds Of
thousands of men who we're swept off
by actual famine are the human sacri
fees sacrificed to the golden calf by the
fanaticism of its worshipers."
Mr. Editor, this Is the legitimate fruit
of the gold standard. 1t is truth 1t is
in itself. an arraignment of the gold
standard that ought forever to damn it n
the eyes, the mind the heart, the con
science and soul of anv man who b,c in