Show THE SILVER QUESTION A large and intelligent body of business and mining men assembled at the chamber of commerce si sept pt for the purpose of hearing senator Qt ewart of nevada discuss the silver question the distinguished and able advocate of 61 free was introduced by president simon he was greeted with a storm of applause HIS SPEECH mr president and fellow citizens the subject upon which I 1 have been requested quested rc to speak is the greatest of economic questions the success of every industrial and commercial enterprise depends upon it were it possible for the gold trust to succeed in reducing the standard basis ot money throughout the world and diminish the quantity of gold there would be very little irrigation in the west or elsewhere the the AMERICAN FARMER would cease to be an independent man N by becoming a tenant farmer this cannot be doubted it is an inevitable law man cannot check it the gold standard means the creation of very rich and very poor people man to is the inventor of two things both purely artificial and both absolute essentials iu in society and civilization one is worthless without the other when a man dwells in isolation or se elusion they are also worthless the one is speech language the means of oral in communication in society a knowledge of this communication is essential rhe second invention to which I 1 refer is mony money mon y it is also necessary in civilized society its possession to is essential in order ader to exchange the product of one mans mall 8 labor for the product of another maws mans labor if we dwell alone then money like language is no good to us but by one we exchange the ol 01 ther other fur for things that we cannot produce ot do not possess MONEY IS A NECESSITY its value depends entirely upon the supply and demand inherent value does not exist in anything but finds its creation in the mind of f man in order to create value two conditions are necessary first the limitation of quantity second the desire to possess one without the other has boa no value whatever much of the finery used as wearing apparel is simply worthless fashion however places an imaginary value on such things the value alue v of money fluctuates just like the value of everything else it is the quantity ot of money other th things angs being equal chat t regulates the demand money is the MEASURE B OF ALL VALUE the nations of the earth have sought for it since the beginning of the world empires have been founded and des troyed by supplies and money famines caused by cunning sharks who have played at the expense of the multitude the multitude does not usually discuss this great question and is consequently ignorant of the vital parts of this great question we are rapt ly advancing in the ARTS AND SCIENCES and are making the ele elements menti subservient Ber to the many wants of man thirty years ago americans struck the shackles from four million slaves and since that time they have invented e enough no ugh machinery to perform the labor laboi of one hundred million human beings we are making progress that is if astonishing to the world we can measure successfully the distance ol of the fixed bodies in the firmament and solve almost any problem that does not DO pertain to MONEY MONET OR OB RELIGION not being a theologian I 1 shall not discuss religion every man has the right to entertain his bis own religious views gold and silver are the only materials that we have yet discovered from which we can make money which the people would gen generally emily accept I 1 mean by money not dot credit not a promise to pay not a piece of paper that has got to be redeemed by some thing else but money that does not have to be redeemed money of ultimate redemption it has been manufactured from many things but gold and silver alone give satisfaction these two metals have always been limited in quality too much so there has never been enough of either the silver question is a warmly waged contest between the producers and the ab of wealth when the world was in debt more than one hundred thou thousand saiad million dollars which by agre agreement emen t was payable in either gold or silver the gods of usury entered into a conspiracy to break the contract contra ia by fraud and strategy they secretly contrived to manipulate the laws of the united states and europe iu in a manner that would make it necessary to cancel the debt in gold alone at that time it is estimated that the gold and silver coin cot n of the world amounted to about seven thousand five hundred million dollars paper money commercial credits and other obligations for the payment of money were predicted upon this stock 0 of f gold and silver coin for redemption or payment both gold and silver coin were real money for the ultimate redemption demp tion of every promise to pay in money about halt half of the coin of the world was gold and the other half silver the rejection of silver left no money of final redemption but gold since that time the gold coin of the world has not been materially increased the product of the mines BAS BEEN ABSORBED in keeping good the stock of gold on hand and for non monetary purposes purpose the director of the mint now estimates that there are only of gold coin in the world with which to redeem and pay a much larger mass of indebtedness than existed eighteen years ago when there was twice as much money for ultimate redemption as there theren now owis is since 1850 the supply of both metals has increased and the world has been supplied with sufficient coin to keep pace with her business interests but since silver w was as de the supply of gold has been inadequate for eighteen years the vice like grasp of contradiction has paralyzed the energies of the comm commercial erdal world prices have fallen from 30 to 40 per cent bent the purchasing power of gold has nearly doubled bondani Bond sand obligations for the payment of money resting upon good security have enormously increased in value the money kings of europe and america contended that J 2 f st s t i there was plenty of gold for u use booey until the failure of the a barb bros by that failure the gold reser re odthe of the bank back of england and all ut uth great monetary institutions were alk ai covered and found to be J sufficient the chancellor of t exchequer found it necessary warn the banks of england 1 credit must be curtailed and gold 4 serves increased to avoid since that time the banks of the co mercial world have been robbing ja afi bleeding their customers in order j save themselves from ruin GOLD THEY WANT WA HT and get at all hazards it cannot lonam be denied that there is not gold enouf to use as money of ultimate red em I 1 tion alon recent events have proven th commercial credits are worthless soon as it becomes known that there H a deficiency of money of ultimate ra r demp demotion tion this abis man attempts to pro brov that the advocates of free coinage an confined to ta rich silver mine ownen owne e who are attempting to sell silver to to tee th h government for more than its market marke value the want of truth in this wp as certion and the absurdity of such non noa sense are glaring every congrow since the FRAUD OP OF 1873 de silver was di ered has contained a majority each house in favor of I 1 coinage athas it has required the eff efforts orts of the gold ki kings ds combined w the power nf the executive of abe U united states constantly exerted J to pr prevent everit the restoration of silver abe money of the constitution to the place it occupied before mr Sherma Sherita irti ilk amendment which was not read in the senate appeared in the stat statue av 4 more than three fourths of the vo voh aoh of 0 f the united states are in favor free coinage no political party jn declare against it indirect terms all parties pretend to favor it but in ina of their platforms they avoid the qu tion by ambiguous and cunnin cunnif ig phrases to delude the masses manel T afa wisest and ablest thinkers of all ail europe also favor the free coinage g silver the gold party is co cool of bond holders the bara banfe ing houses of new york fork are at m agents for foreign investors za mi I 1 Vs 1 thousand millions million of european Euro nean moi 1 have been invested by them in i national state railroad and 0 bonds the investors demand in the dearest money they 0 the use of silver as real money bees they fear that it would make mone cheaper their new york agents dav ha but one object in view which Is id ta please their european patrons asa clients and share with them the pronto of their american investments ordera from europe on financial questions an commands which the new york banki banit era must and do obey the finance fakirs fakiri have invented new catalogue of high sounding designed to deceive they admit the necessity for more money but say they want good money they want each dollar to be worth as much as any othal d ollar dollar they are willing to coin mo auver but they want to keep es eat silver dollar equal in value to a go dollar there are but two ways to this result one is free coi coinage nago whit maintained the two metals at a part paril the other is a thousands of year beare gaeto redeem each silver dollar to dollar on demand bythe by the S gold method a silver dollar may be in value so dollar ual te t a gold of redemption apsa the promise be fulfilled fumi Sed but if silver is be kept kent it at par with gold of f redemption in yetter a 6 promise jr silver is conly only credit money atter better that than k paper there are no millions of cabout about four thousand in ID the world and feln circulation in millions in I 1 eight hundred thirty advocates I 1 coin the pretended who free coin 1 money 1 entend thit the he paper and the must depend for circulation in n redemption in gold and up upon on standard must be maln main F 0 g old withstanding aing they admit for that enough re is not gold sar sherman who de mr adopted the cu cuttlefish cuttle ittle fish policy mr has deceive and to afa attempting the west throughout this miners at washing department emoury wall street as being the upon bus business iness arar transact tr ansac abac of au all great has for twenty i the department in harmony with worked in a als 14 ring they have together lily manipol manipulated sted the two great nal political noli parties estion tion is n now ow thoroughly be le of the united states tiling amizon discua Is cussed sed on every hand generally in favor of mers knera are get alne and well they might be nag assy have sold so d their they y years discount of from stand anti cotton at a js por per cent to get gold ao forty hl ab to pay their debts debits cheap reduced the price 4 of 4 farm raa sand nd practically deprived the rot of the european market the united states ago years t of the wheat cen cent led d 69 per ft to europe two years ago buted less that 23 per cent sherman is in error when he be demand for W the mine owners t than ban its market auer amer more fc no act has bus ev ever or been passed bas Bhae ever been introduced and ever been made in tion has f congress w which aich could by any efty ity give rive the miner more than fket value of hia bis silver gilver under nd d act the government bought at its market price and its coin coil value and n jt it out at the f act of july which for the bland act the silver with does not buy aument au nent t y rat raised sod by taxation but issues tender ader treasury aw notes in exchange ar r bullion at its market price tf for dollar ounces per are ace received by the government conditions when the gov abbe at coins the silver it will make derenzo between the market land and the coin value the same as it inder the act iree free id give the OWNER OV OF BULLION ekmat market price for his hie silver t log more and nothing loss less er r free coinage a person who grains of standard r could exchange it at the if it could be i for far a silver dollar aged at the mint for a dollar id be worth a dollar everywhere t also no one having silver would sell it for a less price than he be could obtain at the mint consequently the mint price and the market price would be the same silver would stand on the same footing with gold A person who now has 26 25 grains of standard gold can get a dollar for it at the mint and that ali at is the market price of gold everywhere the gold party say eay that free coinage would flood the united states with silver from abroad this is simply preposterous all the silver in circulation in foreign countries is there needed NEWLANDS SPEAKS at the conclusion of senator stewards speech hon francis newlands was introduced and responded as follows owe the very fact that the paper money is in existence is a confession that there is not enough gold and silver I 1 am told that thereto there is a feeling in this community that the silver advocates should be satisfied with the coinage of the american product will it raise the ahe price of silver in the rest of the world it is the worldwide price we want to raise if we simply raise the home price we simply emphasize the objections put forward by the enemies of silver general A J warner who had the courage to stand up for bi during the time that cleveland was president nt is at the head of a league of which I 1 am a representative mr warner is not a mine owner the statistics show that to maintain the present af pf per r capita it will require the coinage of 60 more money the circulation is gradually being decreased at the rate of per annum by the retirement of national banks are y you ou aware that in this cou country the per capita is only 22 while in france it is 57 that is the stability of france I 1 am sorry to say that in the mining country the people are too often governed by the question of self interest it would be better if this country was exclusively on a silver basis than on a gold basis but we must give in something to the fears of the people this fear ciu cin be met by that will prevent those countries throwing their silver coinage upon us this league lias has been able to raise for the simple purpose of paying printing presses and stamps I 1 had a letter directed to the bankers of now new york signed by mr fairchild the seere secretary tary of the treasury under cleveland calling attention to the work we are doing and stating that they had also started two papers to counteract our work one of these is called ahe honest dollar when it was charged that the silver mines were pouring money into Ohio Obio to defeat john sherman I 1 assured them that the mine owners had not gumption enough to defeat anybody and that it john sherman was wag defeated it would be by the honest farmers whom he mr balderston Balde raton of the times introduced the following resolution which was passed anti and the meeting came to an end res resolved alved that the thanks of this meeting are hereby extended to senator wm M stewart and to hon francis newlands newland for the able presentation resen tation of the silver question WRT with which they have favored us and Resolved That we pledge senator sew art and his fellow champions of the great cause that they shall receive our unwavering support for the free and unlimited coinage of silver until their efforts are crowned with success |