| Show THE GREAT DECLINE yesterday silver went vent to the lowest loest point it has ever reached since it was waa made we use of for money by civilized people it touched 77 cents per ounce with a falling failing tendency indicating that bedrock has haa not yet been reached bo 0 great a decline in so abort a time was not so BO startling as it would have been but for the prevailing condition of things in the financial floa noial worlo world as when a building begins to crack and drop a brick now and then we are not net tie BO disconcerted when the structure tumbles with a crash to the ground leaving only a part ot it a wall standing for other agencies to demolish as aa we would have been had it come ufa asares if the simile emu can only be cob tinned if every thang that holds silver in circulation at all the sherman bherman at aft included shall now lae be withdrawn and let the original foundation be reached so that we can begin a better building in the same place it will be a did thing for the country and ever everybody in and of it things cannot in ilk the natural arrangement ot of events continue as uncertain and fluctuating as they have been regarding silver a solution by some means has to come 90 0 o it is 19 better belter that the crisis be reached in order that if possible it may maj be and the sooner the worst comes the sooner will the humn human bamily be made to realize what it has to do in order to maintain business a d fiscal relations at home slid and abroad provided such relations are to be continued at all the immediate cause of the drop from saturday of three and one fourth cents to is ascribed to the action of the british government in closing down the imperial mt aiuto lite of india to the free coinage of silver and the tion to place a coinage hereafter the natural effect of such action was to cause silver liver bullion or pig silver 1 1 as the demonetize rs prefer to call it 11 to drop a figure representing the difference between coinage for nothing and coinage with the toll th trefor taken out this being pr brestlin estlin ably about t the e amount above stated Ts cents As lombard streets street edh don where the drop was promulgated is 18 the radiating point from which all quotations of a financial character proceed as wall street anost to is but the echo of the other sneezing when it takes snuff to put it less elegantly ibe be decline had bad not been registered many minutes minute sinthe in the british headquarters before it was aa posted at our self constituted headquarters bud and the result Is before us the cause of england is determination to take the action spoken of la in beyond doubt a desire to have all parts part of the empire in harmony with the fouD fountain tatu head india has all aloag been not only ft a silver standard conn try but exclusively so as relates to its ito general circulation while all wd the rest of the queens dominions maintain ft A gold standard according to british systems ot of finan ciering it may involve some confusion and even low ion in individual oases cases to have such ft state of affairs rp prevail but bat what about people being deprived or of their mak preferred sy stat the behest of one fourth of that number or er leis lees rave have the people who ik b oon don statute so 80 vast a multitude who deop people a realm whose wealth has been the b theme of poets statesmen state amen and economists for ages who have no DO more s sufficient reason for being beine subject to great britain than have the inhabitants of the demon star algol whose customs habits traditions religion reli aIon hopes and destiny are as separate and distinct as in the case of any other two races on earth and who are separated from those who hold them in bondage and tribute by more than a third of the globes span have bave these people no rights of their own which in their helplessness the world will aid them to maintain and it if they must give up their monetary system at the caprice of england now why not hereafter have to give up everything very thing else ai a d let the remainder ader of the worlds people be treated to the spectacle of a mighty race made naught nationalized denationalized de and emasculated by another under the bl blasphemous aas pretense tr etense of jf christianity and eign signaled aled by the black flag of piratical grecol but if it to is as an much as the world can stand for the caudal appendage to become the animal anix ial itself as in the case came of the actual dependency becoming the master of the whole situation why should we of the freer and more favored west be compelled to pay tribute tor toe we can get along very well within ourselves if an emergency requiring such a condition of were to arise thing that is altogether geaber ud unlikely likely and undesirable but when british methods go t ti the extent of neutralizing one ode half balf of the worlds worldon money why follow in the english wake to that extent we have too much boll too many resources too grand a system of agriculture too many budding and full grown interests and are altogether too widespread in our characteristics bics tics to admit ot of our getting gett lna along with a financial policy which excludes elasticity and promotes promote constriction with a gold standard what abat we have now practically reached through following the british lead maintained ou methods our practice ep our plans our naturel themselves would have to because neither can broaden out and maintain breadth while environed by cramping circumstances As ae between a condition of inflation mp represented resented by paper money and meaning uncertainty and instability with the volume increasing by what it foods feeds on and contraction represented by the f destruction or with drapal of oi e of the metallic moneys recognized and upheld by the practices and precepts of ages of civilization as well as our own charter let us choose neither the safe middle ground is all the real money a nation can produce from its soil in the form or of the two recognized precious metals a at a fixed unvarying ratio we believe the extreme measure just J u tit precipitated upon us will eventuate that very thing in the meantime we must be patient and wait |
