Show I PERTAINING TO SILVER Editor Telegram To ettle a n controversy in thi this little burp burg we C your undersigned under under- signed signet subscribers would like to have C a i littin ill information formation What liat benefit has tin till on of silver sil been een to England durin luring during the last Jast thirty five years Especially at nt the tho present time in an n her trade relations with will In India in and Australia Would it disturb our financial system in tho least if iC we had n a fixed ratio between silver silvor and amid gold old say j to 1 I. I in n the morning of tho the twentieth century I 1 IBy ll By complying complin with this request we will m indeed esteem i ia it ita ita a personal favor or Truly your YO friends THOMAS M. M r. r JEFFREYS EMERSON E B. B NASON 15 B. B. B SANFORD M. M E. E PRICE Tucker Utah March farch S G 1009 1000 Great Britain demonetized silver in 1818 or Waterloo gave England immense prestige Moreover Moreover More More- over oyer all Europe was exhausted physically and financially financially finan finan- by the HIe Napoleonic wars while hile England had hai most of the manufactories an and ships of the world and more money than any uny other half dozen powers Her capitalists were lending money in every direction and wanted their pa pay principal and und interest in gold and so made gold tho the exclusive standard of the em em- pire Tho The effect upon the tile poor of England was as disastrous as silver was as upon the poor pooi of the United States seventy years later Indeed the depression following was felt for a full quarter of a n century Now in direct reply to the questions propounded above it will be bo remembered that because of the de de- de- de of silver by the United States Germany and other powers silver silver silver-as as measured by gold gold fell fell so fearfully that the salaries of English officers in India payable in silver fell to a point where here those officials could not maintain themselves and their families The Tue business of India is carried on in London by a body of men called the tho tho India Iudin council This CO council cowl coun I Icil cil ordered the closing of the mints in India in iu order to relieve these English employees in India and have o their salaries paid in gold the I he effect upon the common people of India W was lS something fearful They had been in the habit for forages forages ages when hen they needed money of taking their bangles bangles bangles ban ban- and other silver baubles and trinkets to the nearest nearest near nr-ar- est mint and having them coin coined cd into rupees the standard money moner of India When this was I denied them they were helpless A famine iamme came and of the tho wretches starved to death Finally the Indian council fixed an arbitrary value nIne on th the rupee which has been maintained ever since some fifteen years and years and hence since then there has been no fluctuation of the value of the rupee Iud anI England's trade with India has been on that basis The only benefit that has accrued to England has been in buying buying buy huy- ing silver in the open markets coining it into rupees and turning the rupees over oer to India as money at the valuation placed upon that coin by br the India council England's trade with th Australia has always been on a agold agold agold gold basis The last question is the old one Our judgment is that were a a. fixed ratio between gold and silver established established established by our oui government it would electrify business from Maine to California from New Orleans to Alas Alas- ka It certainly would put us in harmony financially with all the world and stop tho the steady falling in exchanges exchanges ex ex- changes between our own and silver standard countries countries countries coun coun- tries which now is swiftly killing our trade with half the inhabitants of the earth But the majority of the people in the great financial financial finan finan- cial centers of our country arc are against the proposition and there you are arc |