Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1903-07-21

~ 3. MtoH SIS -
0EJICELTHE APPEAL BLDG. corr
...................
TERM
90 yea 6S-nAn -. =. =. :. -,
DIX noatAs ~ nsii ..................
5Ares noatAs - man ...--..........
Pr week BY carrier ................
Entered at the Carson post q
ire 'NTEREsTs OF NEVADA
Il IL not surprising tint Ii creditor
etses and those living 80 A1sd id-s
edlhes should favor the gold standard
isasainst bimetallism. The demonet-
A9oo Of one Of the precious metals
lJeessartly diminished III sinpty Of
asasy. with the result TIT ia loE
II, or whatever the monstafy unit
ntSht b called. represented more val
1e that II. greater purchasing power.
Clearly II the bulk Of . mans wealth |
tin money, or obligations payable
10 him in money, it il to his interest !,
TO- make money ~ valuable ~ possi-T'
BE.
Creditors generally, and those repre-
se6tinG creditor interests have always
acted .apda this principle In 1861
they wanted to demonetiss gold. and
probably would have done it had it
not been for the attitude Of France.
The claim was then made that owing
to the gold discoveries in California
and Australia the metal was becoming
superabundant. In 1873 the conditions
were reversed. The Comstock was
pouring forth it's treasures. and al
though about half the values were In
gold, it was claimed that the great
lode was essentially q silver produc-
or and that the enormous output Of
the white metal would lead to its de-
preciation and break the bimetallic
par Of exchange.
OF course the creditors did not OPP
enly ayoy their purpoee Of DESTROYING
silver In order to enhance the value
of gold and thus increase their wealth.
That would not have been done. So
they raised the cry that the silver
would depreciate and that then the
dishonest debtors would meet their
obligations with cheap money.
That this was the view point Of
the creditor classes was cleafly Shown
by GLADSTONE when hei3 stated that
England was q creditor to- the amount
Of two thousand million pounds-.=ten
thousand million dollars and that
the restoFationi Of bimetallism.l wou3d
lower the value OF every pound sterl
ing which she received from her. deb
tors. ! Mr.. Gladstone was mot. afraid
Of cheap isilver.'o as the term MAS
used, but he knew enough Of econo
mics. to understand that il silver wa
restored TO- full monetary use, II
would lower the value Of gold by less
seainx the demand for it-just - the
use Of corn meal and re for breaf
lesse4s the demand for. wheat fopr
It is surprising, therefore. that a
:. this tine % many men Say can be foons
n:Neyaaaa who. IN apparent sincerity
profess 70 believe, in. the gold, stand
ard. It was not so . few years since
No more than ten years ago We Nigh
have raked the State with 4 IN,
tooth comb and not scratched on
twenty openly ,.aypyed believers Y
the gold standard. WHAT haS change
SO many? Not single new srlapen
has been advanced in favor 81 Eoli
Economic principles have not chang
ed. Nevada has not become . credi
or State. It cannot be shown-it neve
has. been shown how the gold standar
lbenentted any country adopting i
Even Giadstone's argument applie
T oilss tatae creditor classes Of Fnl
land, apA not to its toflers and pr
duc4rs. Who we're in deep distress IN
pleeAile> for q worldwide return
bimotallism.
- me cola Standard thas not benea
ted NsyaSs. That Ii sure Il It 4es
= not Tor TIE new mining discoverit
reecently made. With all the prospSri'
said to be abroad in the land, Q,
industrial and business conditte