| Show Study Both Sides Eastern papers that should know better are informing the country that I Free coinage would not raise the price of silver sil-ver a dime a ton They also advise the miners of this region to dig for gold J J to produce more lead and to raise more potatoes and wool instead of crying out so much about silver If free coinage would not raise the price of silver in the market how is it that the demonetization of silver caused it to fall in price What occasioned the drop of twenty per cent when the recent announcement was made about closing the mints in India It really seems as though the teachings of history which cannot be gainsaid have impression on some minds that have been trained to its understanding Eve r p B C 0 c r i r i M J air f ij since the act of 1873 which stopped the free coinage of silver its market value has declined while previous to that it maintained its position for centuries ua der a variety circumstances S To say that the market value of silver would not be affected by its establishment and recognition as standard money is to deny an almost selfevident truth If free coinage were reestablished in the United States say even at the ratio of twenty to one of gold it is as sure tha the price of the white metal would be advanced ad-vanced in the market as it is that it has alien with its degradation from its right iul position as money And where do those advisers expect miners to go todig for gold They talk as though miners selected silver lodes from choice and at will and could do just the same as to gold As for lead is not that also a drug in the market Is it pos sible that they do not know that tho silver mines of the west produce large quantities of lead and that both metals are down in the scale beyond a living figure Where is there a profitable market for more potatoes and why should miners turn agriculturists when farmers are struggling against hard times and a bursted market as much as are the miners of silver and lead The wool sugcestion is the last straw of this load of callous and absurd advice Wool is now piled up in mammoth stacks waiting for relief I from the troubles which a high protec tive policy has brought upon the land and when Republican goldites tell miners to raise wool instead of silver they talk as if their reason was as small as their stock of information If the antisilver papers of the east would get out of the groove into which they have dropped on this financial ques tion anq try to look at the subject from the other side a great light would come in upon them and they would learn that much of the trouble and disaster that have overtaken trade and labor has been directly due to the taking away of a vast I amount of the money of the people And I hey would perceive the truth that the prices of the commodities they speak of have depreciated as silver has gone down It will not then be a great stretch of reason for them to arrive at the conclusion conclu-sion that restoring silver as money would not only raise its value as a commodity but stimulate all branches of trade and industry where more money is an absolute abso-lute need The producer would gain a fairer return for his toil while the mines of the country could be kept in operation and the east would gain equal advantages with tho west from the change that would come upon the whole face of the land This great question cannot be comprehended compre-hended by simply looking at it from the S standpoint of gold |
