Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1914-12-19
RECONCILIATION OF SILVER
IS DUE

produce silver, made a brave attempt
to have silver remonetized, they were
told by the people of the East that
they were blithering idiots, and the
eastern press was severe in its critl-
cism of any who advocated the free
coinage of silver AS the Times was
about the first paper in Nevada to
strongly advocate free coinage and
place the issue paramount to all Others
in the State, it is with some gratltlca-
ton that we reproduce the following
from Judge Goodwin's Weekly pub
lished in Salt Lake City:
"The Washington Post has always
been conservative, consistent Tor
inconsistency gold standard paper
The following article copied from it
shows that it is beginning to see the
light. Knowing its way it is clear
that the light did not come directly
to it, but it is giving voice to others
higher up who are convinced, but who
have not yet quite the courage to con
fess to the change of heart. Under
the heading: The Gold Basis Col
lapse the Post says;
Three years ago James J. Hill, the
master manager of railways, declared
that the United States railways need
ed billions of money to bring them to
the stage of development which the
interests of the country demanded
The railway managers of the Union
have been unable to raise that money.
One year ago that able fnancier,
Frank A. Vanderlip, stated that fully
two billions of money were needed
to develop the waterpowers OF this
country for electrical purposes.
That amount of money is not in
sight for any business purpose.
Four months ago eighteen countries
.of the world acknowledged their in
ability to carry on current business
by declaring moratoriums-in other
words, suspending collection OF debts.
Great Britain and France, the two
great capitalistic countries OF the
world, were among those who had
confessed their financial systems were
inefficient, unsound, and insufficient
The United States declared no mora
forum, being able to reinforce her
circulation by hundreds of millions OF
paper currency.
One week ago the Chancellor of the
|
made the official statement to the
House of Commons that Great Brit
aims financial collapse was due to the
: inability of other countries to pay
Great Britain what was due her, and
he cited the United States as one of
the delinquents.
Yesterday that able, practical, plain
spoken business man, James A. Far
s rell, President of the United States
Steel Corporation, declared that in
ability of foreign countries to pay tor
commodities needed was the greatest
obstacle to the extension of our for
eign trade, and he Gwelt upon the i'm
portance of the financing of foreign
nations by the Unied States.
Is there any more testimony needed
as to the insufficiency of the gold bas-
is system?
If so, let the American people look
at the thousands of stockholders
throughout the country idle for
months by reason of the breakdown of
the financial system which Wall street
demanded twenty years ago.
Let them look at the 100000 men
victims of the unsound and unsafe and
insufficient gold basis system which
its advocates today are trying to ex.
cuse to apologize for, and vainly to
repair.
Let them contemplate the future Of
railways, our commerce, our indus
tries, if these men, who have them
selves demonstrated the folly of their
financial view, are to be allowed to
keep the business of the world in the
trait-jacket which they placed upon
il when they demonetzed silver and
narrowed the basis of final redemp
ton of the worlds currency.
1t is time to broaden, to enlarge, to
render sounder, stronger, and safer
the basis of the financial system of the
world.
The worlds people will no longer
permit the few to dictate what shall
be and what shall not be the worlds
money, the worlds basis of business
affairs.
The Orient, South and Central
America, these are the countries in
which future trade expansion must be
looked for, and they need silver now
to do business with. and so does Great
Britain, France, all Europe, in fact