Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1900-08-03


IT was due 10 a general ause. The
prosperity OF the last tzo years vas
not due TO the Mckinley sd~minstra-
tion, but II spite @: If. The people
were told four years ago that II Nc
Kinley we're elected the da-k cicads
would pass away zod the sun OF pros
perit. would rise next morning He
was elected on the Sth Of November
and We all got up mex morning 10
Sc the rising OF the nev sun. But
the wheels had not begun to revolve,
and the mills we're oct hrmminS
Then the Republicans said wait until
after he Is insugurated, and We wait
cd. Mckinley Was inaugursted and
ii Is a fact beyond dispute that for
the Srst six months o; his admins
tratloo there we're more failures than
tor any similar length Of time during
the proceeding three years. The
prosperity that the country Is nov
enjoying Is due IN the famine IN In
dia, the drouth in France and Ger
many, the failure OF the potato
crop IN Ireland and on the continent
aud the discoveries OF gold. These
made a demand for American pro-
duoe and the balance Of trade turned
IL favor OF the United States. The
present era OF prosperity WIS not
confined TO the United States, but sI-
tended al over the world. Germany,
France and England are prosperous
and 10 sensible man would contend
that their prosperity was due to Re-
publican legislation. The Repubh-
cans had revised the doIology. and
instead % singing. -Praise COD from
whom all blessings fiow.-sing. Praise
Mckinley from whom all blessings
How This, at least. was toe case
with Forsker at the Philadelphia
convention when be gave Mckinley
all the credit for every good thing
the people we're now enjoying. II
Mckinley Is credited with al the
prosperity. he must be charged up
with a LOT OF laws that were never
passed, he famine il Indis, the
drouth in France and Germany and
the failure OF the potato crop ii Ire
land and on tie continent.
The advocates OF bime,all;sm in
1886 based their views on the quaint.
tative theory Of money. The level Of
general prices depends upon the
quantity OF money actually employed
II business. II the amount Of money
remains stationary and the number OF
exchanges TO be accomplished by
money increases, tne demand for
money will iDcreasG, which increases
the value OF uJney-tnat Is. the same
amount OF -auney will purchase more
goods, or. in other words, prices have
fallen. Who're the amonn OF ex-
changes to be accomplished by
money remains stationary and the
amount OF monty increases. prices
Tise. Decreasing The number OF dob
lars causes a fall in prices and ill.,
creasing the number cause prices TO
nse. The amount OF money in the
banks in 1896 showed that il was
dangerous for it to be among the
people. The Republicans said IN
lsG that IL the minis we're opened to
silver, money would econ too plen-
tiful and too cheap. There was nov
20 per cent more EIOney III the coun-
try than i'll 1896, but no one Tas com.
planning that it was too plentiful or
too cheap. The world nov has three
thousand million dollars Of uncovered
paper money. Please explain it to
the silver mau why you 90 on making
paper money instead OF coming silver
when silver dollars could be coined
to retire every paper dollar. There
ID no danger OF coming too much ell
silver. The rover tO issue money
should be in the government. not in
the banks. He WAS making no cru
SADIE against the banks and was op-
posed to them only when they got
ont OF the banking business into the
government business Only one
sixth Of the world is nov OH the gold
standard. Twenty-Five million pounds
sterling were required to putTndia on
the gold standard basis and only two
million pounds had been collected SIX
weeks ago. The world will not con.
tinue TO do business on a broken
standard and the restoration Of BIZ
METALS was only a question OF time.
The Republicans had not only
gone over to the gold standard, but To
the great industrial trusts ia well.
The trusts all supported Mckinley in
1896 and all contributed to HaDua's
vast campaign fund with which he
tried TO buy the government as Dedi.
nus Julianus bought the Roman Re-
public ut auction OF the Prastorian
guards.
More trusts had been born since
1906 than since the Christian era be-
gan. The Republicans promise TO re.
form the trusts. but it would be bet.
ter 10 do the reforming from the ont.
eide than from the inside. Tho trusts
must be controlled. The Kansas City
platform was all right on the trust
question. The tariff should be taken
from all articles produced by trusts
aud reports should be required OF
them twice u year.