The Butte daily bulletin. [volume] (Butte, Mont.) 1918-1921, 1920-04-28
UNION WORKERS DEMAND ACTION
National ST. and County Officials Called On to End Anarchy
The Poor Banks

3ssHs aA4 Contributed Edorial.)
The government being blamed for putting too large a
burden the banks for them carry. All the so-caled
"cvized" nations Of the earth pretty much in same
kettle Of fish. The banks flag
international.
important financial crisis faces the whole world and
much speculation being nduIged in whether the
ing gold standard shall continues double standard gold
silver be estabshed diamond standard,
hokus-pokus be made to represent specie payments
The ruling GLASS; which really the bankers Of the world
who know nothing whatever flags any kindtave
just all the money! and they
talk Of raising the price Of gold the first Of May this
is now understood to be international Day. In view of the fact
that all other commodities have advanced in price,
deemed advisable by the high fnanciers give gold boost
Of $40 1.
Then there is this little thing Credit. large
credit has made many bankrupt"
The leading nations Of the world have been issuing
credits far greater than their holdings Of god and this
has resulted in what is known initiation The worlds nan-
ciers good deal up in the financiers
state rather bandy that of the European nations
compelled to repudiae their debts This would help
the paper outstanding and reduce inato-also
duce wages, but not profiteerng prices.
There is much uncertainty in the financial world, any
tamperng with international payments might make confusion
much confounded. The English sovereign being
personal ornament, in the tight little island. 1t has
lost its value except This arrangement
many advantages greatly facilitate
ton of gold where is most needed for the settlement of inter-
national obligations. The American gold must be
teced from excessive Withdrawals for watch charms
Britsn trade Will Suffer Il
Remember is only in the civlized countries of the world
that gold is used medium Of exchange among the working
class Besides for the shortage Of gold the
ent time that Of boarding by the working people Those who
have gold hide and bury it. The shortage of gold also traced
to the fact that production has declined from in
the year 1915 700 1913 Some high authorities
estimate that the production Of gold for this year will
ceed which not enough to fill the demand Of the
arts saying nothing about money. j
Liberty bonds recently issued payable in gold coin Of the
present weight and fineness. billions by
United States in less than three the "cvzed nations
Of Europe also payable in goId Gold still recognized in
all the cvzed nations Of the world the unit of value and
the basis of monetary systems However, in of the
tries unsettled conditions Of the present day caused
suspension Of gold payments The purchasing of the
gold ounce at the fixed monetary price Of $2o67 only
$500 in the month Of October, 1919 in the United States
The expansion of the credit system Of the United States has
contributed largely the depreciation the purchasing
Of the American dollar. The burden has become unbearabe
to vast majority Of the working class Inflated credit and in
ated currency have been fundamentally the Of high
prices. To credit will make confusion conound
ed and the economic will be greater The gold mn-
ing industry will be forced close down completely the
future unless Moses be found with remedy for gold
crashing and tumbng pieces. Tens of thou
s@ on