Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1900-01-26

ducers have supported the issues that
make for prosperity and they will do
this in this year of commercial awak-
ening more imam cvcr before.
SENATOR HANSBROUGH'S POSI-
TION.
To the frequent ebulliti0ns Of the
misanthrophic and pessimistic Grand
Forks Herald as to the position of Sell
ator Hanslrough on the financial
question, the Devils Lake Inter-Ocean,
Senator Hansbrough's paper, replies:
1t is gratifying to know that the
views of the proprietor OF this journal
sometimes meet the approval of the
Grand Forks Herald. whose editor has
Il most extraordinary record for incon-
siStency. Beginning as Il democrat
not so many years ago, he has ranged
on both sides of the highway of polit-
ical rectitude, boiling regular party
nominations whenever it suited his
purpose to do so, and landing finally
in the socialist camp with the un-lAm-
erican referendum" inscribed upon
his banner for the 1900 campaign.
Where does the Herald editor find war
ram in any republican platform for his
advocacy of the referendum?
Senator HanshrOugh never sought
or assumed to be greater than his
party. His advocacy of bimetallism
when the worlds supply of gold was
small. and when the output was falling
far short of the demands of business,
was in harmony with the declarations
of republican platforms of that date.
His acquiescencc in the financial
measures of his party at this time is Il
further illustration of his consistent
record. and the change Of the republic
can party from himctallism to the gold
standard is justified by the changed
conditions throughout the world. In
tcrnatiOnal bimetallism is out of the
question under present circumstances.
and the free coinage of silver on our
own account would be suicidal, for the
United States has recently become Il
great world power and must keep step
with the progress Of the world.
About the time that the money QueS-
ton was at an acute stage in this coun-
try India went to the gold standard.
India is one of II wheat-raisiny COM
pctitOrS. and her change to our STAN
dard of money removed the chief cause
OF complaint-the inequality in eX-
change. Then Japan and Russia
espOused gold as their money Of final
redemption. while China with one
fourth of the carth's population, is at
this moment making preparation for
a like change. Indeed China's settle
mcnts for foreign account are made
upon the gold basis.
In Keeping with these important
events Mother Earth, in the most prod
zeal fashion, is revealing her long-hid-
den wealth to the enterprise and in
dustry of man. The output Of gold
has grown and is growing to enormous
proportions. The money volume of
the world is rapidly increasing. and
gives promise of Immediately supply
inT every commercial requirement.
The single gold standard. if the supply
of gold continues to be great enough.
will accomplish everything that the
most ardent bimctalliSt could have
hoped for from the RECOMMENDATION of
silver rs IN aid to gold While the world
WAS thrcathencd with a strin@ency of
gold. Some gentlemen who are today
passing as wiscacrcS would not know
so much now if the worlds gold out
put had decreased instead of increas-
ing: OF if India. Japan and Russia had
continued to insist upon the silver
standard. AS it is. and us it will al
ways be. the financial prophet must
continue to take the mountains and
the gulchrs into his confidence. Theory
is apt to he sadly shaken at times by
the sudden discovery that the pre-
ciOuS metals are being Over-prOduccd
or thar the output is falling away in
volume. The wisest statesmen will
fail as constructors of economic poll
cicS if they neglect 10 take into cOnSid-
Grafton the possibilities and impossi-
biiitieS under natural laws.
Meantime the editor Of the Grand
Forks Herald will go on airing his dis
appointment over his failure to drive
Senator H%anshrough out of the rcpuh-
lican party. and he can never quite for
give the republican legislature of 1897
for having unanimously returned the
senator to Washington.
Sometimes we wonder whether
there was Il TOWNSHIP in North Dakota
in early days that was not recklessly
gambled away in a poker game or
some other game of chance. We re-
member clearly the tale Of how James
town was h%aZarded ut a game of
poker. and now comes the Chicago
Times Herald with Il: story of the wag-
erinr of the present TOWNSHIP of Nav