Show GOV FISHBACK ELEARD THE ARKANSAN WRITES FOR THE DOUBLE STANDARD shows show wherein the arsent pi went gold standard I 1 Is causing canler misery the th foreign sliver silver bugaboo what eranee has H done why has silver depreciated to 60 0 cents in the dollar and how can the law restore it to a cent dollar A witty jew once said in my presence that moses got up the first corner on beef of which history gives an account he bought up all the beef cattle and then passed a law forbidding the people to use ewines flesh and made millions out of the rise of beet beef even a ten year old boy ought to see that under such a law beef would go up and bacon down not that the law directly fixes the value of either but by destroying the demand for one and increasing the demand tor for the other while law cannot fix values it can create or destroy either demand or supply for untold ages prior to am 1873 all the great commercial nations used tw two 0 metals as redemption money except england for a short time one was gold and one was silver in 1878 and 1874 the great nations destroyed silver allver as a redemption money thus was destroyed the almost unlimited demand for silver for this purpose and increasing the demand for gold of course and inevitably under the law of domand demand and supply silver went down and gold went up and now goldstand gold stand ard men take advantage of this necessary result of their own wrong to discredit silver and during all the ages agea that both metals were used as redemption demp tion or real money their relative values no matter what their relative supplies did not vary more than three points while during the twenty three years since the demand for silver was cut down their ratio has changed from 15 to 1 to 31 to 1 A all 11 that Is necessary to restore their ancient ratio is to restore the ancient demand for silver as redemption money unfairness of single standard this historical test proves another thing it shows that a standard composed of any one metal cannot possibly be as stable as a standard composed of two metals the reason is obvious when we have a standard composed of only one metal every fluctuation in the supply of that metal whether resulting from the output of the miners or from the eor cornering processes of bankers and brokers necessarily provides a corresponding fluctuation in prices and the burdens of debtors and taxpayers and producers as Is the case now on the other hand when we had a standard composed of two metals and the supply of either increased or diminished mini shed people who needed money to pay debts or embark in enterprises or for any other of the many uses for which money is needed naturally sought for the cheaper and most easily obtained this increased the demand tor for this metal and lessened the demand for the other thus under the simple law of demand and supply the values of the two were brought to an equilibrium about a fixed point or ratio which history proves to have been about 15 to 1 which was the ratio established by france but in the face of history it is claimed that thu this country could not maintain any ratio by itself unaided by other countries let us see the silver liver dump damp we must not forget that the demand for money is largely dependent upon the amount of business to be transacted through its instrumentality according to our census reports the united states manufactured in I 1 1889 worth of goods or nearly as much as a great britain germany acy and prance france combined according to the mint reports there are only about of gold and d garft both used as money moner and bullion la in tu the whole worm world so if all the sold aad d saver in the world were dumped into the united states it would not I 1 a ye cash ash for I 1 or on one years leae zo output of our fac factories by nearly but this lima is not all we transport by ran U alone tons tans of more s than all 40 the rest of atha world ma water both we produce more of agricultural products that any other nation on the globe now if you add to our manufactures our transportation business by rail and water our agricultural products our real estate transfers our mineral products and all of our other vast varied and rapidly increasing business all the gold and silver in the world used as money and bullion would not pay cash for 10 per par cent of the business of this one country any share of these metals which this country can possibly obtain will not pay 1 per cent what france has had done iet et france which is only a second rate power that manufactures less than half as much as great britain ind and less than one fourth as much as our country a nation which could be carved out of the single state of texas and leave territory enough to make nearly eight states as large as massachusetts this comparatively little france franc for thirty nine years from 1834 to 1873 1973 controlled the price of silver all over the civilized world by opening her mints to the free and unlimited coinage of gold and silver at 15 to L 1 and this too while the two greatest nations of the globe the united states and great britain had different monetary systems from france england had silver de while the united states had a ratio of 16 to L no man who had bad silver in london or new york would take less than he could get at the french mint minus cost of transport this is the reason that at the time silver was demone sized in 1873 it was worth 3 per cent more than gold bei because cause the french mint gave this much more for it than we did at our ratio of 16 to L fake bobine mon men notwithstanding notel ding this conclusive experience peri ence some of our business men are frightened out of their wits lest this country may not be able to accomplish what little france did so successfully and for so many years besides to wait for england to help us to restore silver is as idle nonsense as it would have been for our fathers to have waited for fok her to consent to our independence cm we must force her as we easily can to an international agreement by making it her interest the united states government and its people owe england and europe several thousand millions if we make these debts payable in gold or silver at our option aa prior to 1873 and open our mints to the tree free and unlimited coinage of both metals it will be the interest of our creditors to have the silver in which we would pay the greater part of them as valuable as any other money in the world this could be done by an international agreement to restore the unlimited demand which they dec destroyed troyed lu in 1873 and 1874 it would not be b twelve months after we began to pay in silver before england would be organizing gan izing an international congress for this purpose to force europe and england la Is much more becoming the greatest t nation on earth than to he be occupying the attitude of a suppliant as the republican plat from purposes GOV FISHBACK ejective Exec tive mansion little rock with Eng landos current consent the republicans are in favor of free coinage by international agreement the silver men of all parties do not believe it is any more necessary to consult europe in regard to free coinage in the united states than it was to ask queen victoria for a design tor for our national flag there are too many foreigners in this country who were born herl here budget astoria oreg WU wall street seared scared wall street is badly scared at the LUC growth crowth of reform sentiment in the country some of the money lords who usually spend their summery in europe are forced to re remain main in this thia vulgar plebeian country and do what they can to head off the masses in their efforts to regain their liberties industrial educator fort worth TM tex be B careful vote tor for that banker and then them next year when you have to sell your wheat Z tor or 45 aum canta ta AL bushel b ush el your yo ur 0 oats ati jor for 10 and eora co rat tor for 20 cents a hundred yot will so 0 o put out and tick yourself around the atra 2 w jaue tor batura chump get et I 1 your im 41 thinking fai it ia one 1 an Y made chiae tor for ar 4 deh gionfr aden 5 S tn s A |