The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-11-07

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.uc goio product Of sloo, oop, 900 for
Tue year, another the baser metals
worth twice as much more. Ine,ead
Tue sea seems filed with sbIns Al,
Iichiy freighted, but the sIvn,ls
rom the island where the millionaire
refugees are stranded are unbeeded
Fourteen years ago now congress
upaef the goad OF mistaken hnt
Stubborn president, was debating ,ba
proposition to destroy silver as
'as's OF values. The country outside
was PROSTATE under an apoalliay
panic. The president was teping ~
.oe awful danger of the country 90.
iog 10 silver basis, even when the
property of the country had SHRINK
~ low In value, when measured in
eoio' that most men were bankrupt
A lew voices were raised ervino
out that there must be more money
III ORDER to lift the awful depression
ana that there was no visible way Ia
ofing That around except through re-.
haoiiitating silver, hut their voices
were lost in the storm. At last the
president carried the day. The final
prop Tell from under silver and Wall
street and the national banks all re-
Joiced because every debt, PRINCIPAL
ana interest, had been made payable
~ d metal which had been Inflated
" oouoie It's value. Then, that the
people might be the mole robbed
1hose money changers pressed the
treasury and drew out the gold and
continued their merciless drawings
until the government was compelled
10 issue $3.50, 900, 600 in interest-bear.
ing securities and sell them at dis.
count, that in month they mic hi
ADVANCE to great premium and
those who groand the faces of the
poor placed $4,000, 000 In profits TO
lheir own credit. Then to soothe
Iile people one great party put in its
platform proposition to have an in
ternational committee undertake the
rehabilitation of silver and give the
people IA little more real money
| I'he proposition carried and the com
mission had almost arranged the
needed agreement when Wall street
ana the great banks induced will
ing secretary OF the treasury to Join
with Bond street, London, and de-
ieat the enlightened plan. Even
while this was being done million
OF men, women and children we're
dying In India OF famine because
what had always been money to
them, by legislation had been denied
any value.
And all the tine God was watch.
ing.
Then In His own mysterious wa,
he set certain forces at work.
Then famine came to southern
and eastern Europe; to Argentine, t,
Australia, to India, and an engineers
strike to Great Britain. The result
was market for all this country hat
to sell. That set the railroads II
motion, set the farmers to work, Sc
every mandatory to ringing Will
the songs of requited labor, and il
four years this exhausted land hat
1000 millions OF imported foreign
gold to. its credit. Then the great
mines of South Africa, West Austria
liza and our own Cripple Creek wet'
opened. The cyanide process for re
ducing refractory gold ores was dis
covered, and gold began TO pour II
upon our nation in steadily increas
ing volume; the land was steadily
blessed with great and increasing
harvests; the progress was wonderful
nothing like 1T in all the world hac
ever been seen before. New gold dis
coveries were recorded on every hanc
the desert outdid the fertile fields
| in the products of its treasures.
But something began to insiduously
work upon the operations Of Wal
street. 1t was found that the farm
ers had paid their debts. The regu
lar supply of interest was no longe
forthcoming. Then Ii was foun6
that gold, that idol before who's
altar Wall street had robbed the na
ton to bring to it offerings, was no
a god, after all; ii was losing 1t
power. The interest it yielded di'
not keep up with its fall In purchas
ing power: any little old farm wa
better investment than any gilt
edged security that Wall street coul'
offer, and time came when thos
Harpies could not protect their mar
Gins. and under the weight OF tn
Isurplus gold that had lost its value
one after another is being saifocated
and the most marvellous spectacle eve
presented is being seen-tbe yer
rich nation perishing one after an
other because of the excessive wealtl
lof the country.
When fourteen years ago the masse
ot the country were being ruined
because half the real money OF th
| land had been struck down by SIMS
ter legislation. and measured b
gold. property was well-nieh worth
less: to the peoples cry for help th
answer came back from the Whit