Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1900-10-12

put of gold. The world has seen 1t q
hundred OF times in history. 1t will
have its ebb as 1t has had its food. The
proof that we have not enough gold
in the world today. even for the pres
ent numbr OF people that are on the
gold standard. Is to be found in the
fact that there are in the world three
or four billion dollars of so-called I'M
covered paper money. There are two
kinds OF paper money. One like a gold
certificate or silver certificate, which
resembles warehouse receipt and
merely circulates in the place of me-
talic money, each dollar represented
by dollar of coin. which. in turn. will
seek circulation when the certificate
retires; and the other Is a promise to
pay coin. paper substitute for money
which Is called uncovered money, paper
pehind which there Is only a system
OF bookkeeping. and not dollar for dol
lar in gold or silver. II, my friends, the
world today needs and uses three and
one-half billions, or thereabouts, OF
that kind of money. will you tell me
why. II there Is gold enough. you co
not destroy this paper? My friends.
the expanding needs of the world have
made mother of necessity and inyen-
ton has followed. The make believe
dollar has been made simply because
we have not had enough of the actual
dollar; and today. we have a law in
the United States, passed in March.
by the republican party, to increase
the necessity for the make believe dol
lar (Applause.)
These people. some OF them. are
much afraid OF the so-called Ascent
dollar. to which Mr.. Roosevelt refers
so often that one must conclude that
the idea has special attraction for
his mind. or that the discovery Is SO
novel that he cannot get over 1t in a
single speech. This ascent dollar"
that never had any existence aside
from his diseased Imagination as a
gold standard advocate, Is as impos-
sible as five-inch foot or an 17-inch
yard. The Ascent dollar bears a pref
ty good comparison, after all, with the
dollar that does not cost a fraction of
one cent. The bankers paper dollar
does not cost anything, but you have
to give up dollar in order to get 1t.
(Applause)
Let me ask any gold standard man.
and let the next gold standard man
who makes speech in this opera house
"iSWSl tHIs uueStlOu. IL the use Dy
the people of the world of a monetized
vacuum. II the use commercially in the
buying and selling of property. and the
payment of taxes and debts. of a piece
of paper that didn't cost o quarter Of
cent, can make It worth one hundred
cents. tell me why you cannot take sill
yer. and. by restoring it's use to 1t, re-
store its old value. (Applause.) Why.
we claimed in 1896 there was no trou-
BILE about It, that the value of a thing
depends upon what you can do with It,
other things being equal. Now, this
table may represent mint MY
friends, here is gold and here Is silver.
Formerly for hundreds OF years the
Industrious miner delved in the earth
and wrought out his gold and his silver
For what? To make money out of 1t.
In all the history of the past centuries.
can you find people that sent men out
into the wilderness with dynamite and
giant powder to blow up the gold and
silver mines because there was too
much money coming into the commerce
of the world? Would not any man
have been called an idiot who should
have proposed to send an army out into
the mountains to blow up the gold ant
silver mines Of the world because w,
were getting too rich? There are tw,
things that must be done In order t,
make the gold and silver in the eartl
useful in business as money First, q
must be dug out of the earth; next
after 1t has been dug out Of the eartl
and become bullion It must go through
the mint and be stamped into money
Now, what difference does 1t make
whether you close up your mine or shu
hn V,fv,t1 Tn u
the people from getting the money the,
ought to have IN order to do their bus.
mess. (Applause.)
God has most richly blessed the peo-
pic of Idaho in many respects. AL
around about you are these great treas
ure-houses in the mountains. What
would you have thought of a politica
party that would pass a law that you
should not do any more silver mining
in Idaho. destroying the property that
your enterprise had created, denying
the opportunity which the manhood OF
Idaho was onlv waiting for in order tc
make these waste places bloom like the
rose? Would you not have said that
the party was infamous that would
thus deprive you of the opportunity OF
growth and the whole people of this
you would. But what is the difference
whether the party orders you to shut
up these mines or goes to work and
shuts up the mints, so that you will
not have any inducement to open ur
the mines? And yet you profess to
tell me that some OF the citizens of the
state of Idaho, some of whom went
out of the republican party four years
ago because 1t only threatened to es-
tabish the gold standard. are now GO
ing to vote for the republican party
just after 1t has actually es-
tablished that standard. Gap
plause) Does this seem cred
ible? Why. my friends, 1t was the
closing of the minis that destroyed the
value of silver. If thing Is worth tC
you what you are able to do with 1t
then If I deprive your doing something
with 1t I take away from Its value to
you. The silver was worth to you
what you could do with 1t. What could
you do with 1t? You could take 1t tc
the mint and have 1t stamped into
money and then you could do nearly
everything with 1t. For money de-
mand is equal to the effective demand
for all other things in the market. Die
you ever stop to think of that? This
opera house was built for money, the
men who fashioned it's beautiful pro-
portions worked for money. the people
who now and then present plays or
this stage do 1t for money. the people
who play musical instruments do /
for money, your preachers who preach
salvation to you do It for money
daughter and applause.) There is no
a material. physical, mental or mora
need of the people, that can be satisfies