The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-05-07
SHOULD WORK FOR
RI.METALLIC STANDARD
u,..o, Daily "'Evening News

uas il occurred to you ht silver is now 542 cents per ouneef That
,r is a steady upward movement of this metalf That about every twenty
"r liver goes up in the marketi That the great fnanciers IF the world
.r,i0 intervals, unite and confederate o cause silver to become a mat
-. of great omenti
rf vou have not, let me say to you, that any student of the history of
L.. will tell you that there are political and financial conditions surround
no money If the world, a a medium of exchange-as a measure of
which compes the financial leaders of the great business centers of
aann.l and international affairs to use silver and force, whatever the laws
- d. b;,metaIi business standardThe laws may set a single gold
Standard, yet business necessity makes a law of its own, and about every
,wmv years, this business necessity, which is beyond the control Of law,
), tho forek knowledge of fnancers brings the necessity to use silver upon
49, world. Then commences a movement upon the part of fnanciers to adjust
:, uumlarntes which business conditions, the advances of trade and con
MERGE, the settlements between different governments of trade balances, and
other conditions of " production o under production of commodities
ubnb movement necessarily forces silver to the front and increases its value
". have now reached this point in the use of sIver and from o on, I
predict that silver viii continue TO increase IN 'a"e' uh'h I" reaches ' ieS'
rs cents per ounce.
This increase in silver will produce two opposing lines of thought and
..4on the one will be the fnanciers of the world, seeking to control the pro-
of silver, and by that mean make a market which shall rise or fall at
,bdr dctation, as their interests may be benefited to accumulate millions
and the other will be, if the people an be aroused tic their interests, to OBJ
tain national legislation fixing a permanent standard for the price of silver
No ope can fowee the business conditions higher than law-whch makes
silver step in as money, every SO long a period of time, usually about Is Oh
% years. to fill a gap, and supply the deficiency and correct the irregularities
a single standard of gold. But this we know by historical truth and *
perence, that a single gold standard lacks completeness whatever the produc
10 a5mst. the gigantic cuisines affairs of the world, and prevent a business
depression.
Now you may expect ere long to heal tha great banking houses OF
New York, Boston, London, and other financial cenerso of the world, hav
aiken m III silver question. Whyf Because these banking houses ave at
heir heads the greatest students of finance in the world, and because their
business relations are so varied and so extensive that they see and appre
eate, in advance the necessity, to meet a condition which, if not met means
reat financial disaster to the whole country, and lost of them guided
and influenced by patriotic and honest purposes, prepare to meet tn dnheuty'
NV uniting silver into the channels and arteries of business thus creatn
demand for silver and a consequent increase in its market calue. This move
ueDt is low in progress, and unless corrupt fnaneers can control the natural
nnsondes ana conditions and the influence of honest and brdny bankers
slver will 90 up and u until the cry of business will compel tn legiHa-
tms of the world to pass laws making silver a monetary standard upon
fixed and arbitrary rate with gold
Therefore it seems tt me, that the people of Nevada should reorganize
liver movement not upon political lines, but upon business mes, SO Is |"
force unon pubc attention the merits of silver, and if possible overcome
the national crime of years ago, when silver was legslated against TO inc
detIuent of Nevada, and her vast an iimtabe deposits OF ths precious
metal A constant dropping of water will year way a stone IN a con
Giant. ooi+.tion e the silver question will in time bring about needed legs
htion,
a.nmon. o,o;nst silver do lot spring from patriotic motives, nor are they
urged fair and unbiased minds but beneath tn SURFACE Is ue hu'en
italian hand of :" interests whose desire is personal gam at the expense n
the people, o,,r nner
Here is a state depending upon its minerals OF g"", s"e, 0pp
and lead and We all W to the state, u best endeavors to ivan It's pros
rorr onon .nd develop all its resources, and present its ause to tine worlo
This is the DUTY of every citizen. If W e agtate 10Y aho ""h o"ne''' :"
this favorable moment, We will find assistance IN the great hha"oN" '"
Of tho world an interest which time has ripened into an experience 50 'n'
facts and figures can be presented, when III eoh'h"'e eosN
rights which must and will be protected mob
/ am led tic these reflections by miormtpoh "h'h
a character and from such Sources, that feel 1t M duty 70 wiz 's
municaton. Silver is going up, to stay up m SILVER mines !" 80
oino TO boom. Nevada is destined % b thu greatest s"e !" "e
the production of mineral wealth, and to be the pue-s'ohe'
millions Of for development purposes, and thousands OF lntenigen.
hard working and Industrious eltzens "e""
" peSms'S H. v. MOREHOUSE.