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Silver In India

Silver In India image
Parent Issue
Day
8
Month
July
Year
1896
Copyright
Public Domain
OCR Text

Bislïop J. M. Tlioburn, who has spent aaany years as a Methodist missionary bishop in India, is visiting friends in Gincinnati. In speaking of the finaneial condition of India lie said, the other day : "They have the silver .standard in India, have had it for centunes, and it hasreceiveda fair trial. It would ruin tuis country and baukrupt everybody. The foundation of business is stability, nd with a .silver standard you can aerer have it. In Calcuttal can buv this snit of elothea for $40 to-day, and perJiaps for $20 to-morrow, and the next day it will be $50. You can never teil from the number of dollars you own how sauch you are wortii. Tlie country is at the mercy of the money-changers and speculators. The idea of going to a silïer standard froin a gold one is too ridiculous for serious consideration. I seen enough of this in India." Are not the fioiances of tibe country jas aíe iiia tlie liaaids ojf "the bankens -and TOcyj'ey cliangers of the east," as tiiey woiuld be in the liands of the milJjEsiaire sil ver mine owners and 'mony chang-ers of the west? lAnswer th;it Mr. Seoatot Teller. rjneísiideii't Clevelasid will no h$ oWiged to write that letter of declinaticm. It lo;ks as ii tlio democratie conventian Avou'.d fall plump infco the free silver trap set Bot t;um by renegado republtoaos. Pree slWer and íree tnule are 'fewtaB. lioih are oppoeefl 10 the nlerosi ": the man win) hae to work Bor a ltvtog, be tliaft man in thecOnntry or clty. The ]io taan, t h ■ laJw rer.t 'i-1 wagt) earner, te riie man wlw would suiïer mos1 lojii tie adoptiion o! thte free sllver bereey. It meams poorly paldi lalwr, md expensive living-. Bdmeboily Qras suggested as a rerarm presiidentlal ticket, Teller and I'íiu;Tee. My ! But wouldn't tliat le a corker ? - Dexter Leader. It strikes us tliat it ivould lie an uneorker. Senator Teller pretends to be ia favor of biinetalism. "What a prejiioistierons preteusípn ! He is tflue primee oí mononietalists. lie wante siilTcr and silver aloine, for he owiis miiiiT silveí' mines. Hwt lars has Senator Frank J. Cammom, oí Utaii. besn a republican, that .he should step lato a republican raational convention and attempt to díctate its policy and failing Ín thaí eeek to desfcroy üae party. Ask Senators Teller and Jones how mucli they wijl agree to advance the salarles of tihe inea woi-king for theru stoould they succeed in forcing cheap momey on the nation? That -would test their aonesty of purpose. If free silver iH successiul next NoTeiuber you wijl ind it impossiole 'o Ikhtow money at any price for many mftnths thereafter, for oapital HieS i'nto hldtng and recuses to come out tunta fully assuved oí security. Everythirng that money can buy Is belng booight up by tbe silver mine millioinaires. Newspapers, men, anytliimg and ererytMng baving1 Influeince that can be "tooiched" wLth money is befag gathered into the silrer camp. In pok-p ortion to numbers ,t,here an'e mtolre men af wiealthl in the Iree ÜlTer iilarty tUain. tliere is in the tinietal dr republtcan party. If any on tells you different make them prove tbeif assertiom. They can't do it. Sust as water seeks its level, Sust eo surely does tibe circulating medium of a country &eek a Bubetantial basis. To & limlted extanrt a. riel) nation oam matataiii a fictitious Avalué to ü portlon of ibs currency, but -vitlidraw tflie limit and the value is deftnoyed. niiero v!u have tlie who'.e im a nutshell. How comfortiing it is to reilect that Colorado, Utah, Nevada, Idaho and Montana with a conibined iiopulatiDin of 1,219,000- less tlianthe populatioin of tlie lower península of }Jichigan and Wwer than tlie population of Nléw York City- arrógate to themsetves the divine and unquestioned right to díctate a money teystem tor tllliis cotantry ! The republica.n party, wlth McKinley in tüie presidentinl chair, can be relied upom for conducting t3ie affairs oí titila natiou in a. íafa and conservative inaiiner, t-itli tlie varled intei-ests of fhe nation properly protected. Cam you reallj' and tfruly say as mucli for tbO democratie party ? Ha:ve you that much iaitb ia suclilejid.'i-.-i Altgeld, Bo&ea & CbV The Oourier is mot íor monometall'fon, O no'. Ye't tiO pliit norm which tino ■Courter is toom ing o lustily, deanainds niooiomertiilism pure and i-imple - momometalism In its worst form - monomeitalis-m, ibased upon a tonsnuitly appreciating metal- mono toetnlism 1 hat is Bapping the yery Jife !lood of productive industry. O no, the Courier is not 'ior monometali-in, - Ainn ArTxir Democrat. "Will tüio editor oí ■tjhe Democrat ipleaise givo UB tierMefinitioia oí monometalism ? "Under free cainage the sil ver miiie owners would make notliing ly havimg their xiroduct coined.- Detroit Tribune Of cottrse nat. Tiiey are a very gienicrous and philatnthropic et of milliomaires, th,ose mine owners, and ttiey wooild no dou1ttuni their mines over to their workmen. Tlve poor devil who works ten. hours a 'lay and gets & whoie $1 thereior now. would get a half-dollar then, and be obliged to pay doitble for everything he ■bought intio the baxgain, lie is the lellow that would be makiing something. Bon't you see ? To be sure hie would'n't mako as mucli as lie does aio(w, but he. would be making sorui thimg. , ' !'■ Í . ' The free silver men assert tShftt Bilver Wffll ga up in v;ilue( il' [ree eoianage is adopied. Wlll it '.' Wèll thrn wh.v nat advance the price of cöpper thp same Tvny ? There's just as jmuli Hcnsc in it ? Gov. Altgeld, tibe anuí -iii-t 'OVVuor of ilHtiois. is iho !oss of tl. o Ohicago democratie o.invontion now in seiwioto. WTiatever lic says goesir hn.s gone so far. .Tudge Ha-riir v and Gov. .Utgcld shouiinji In uni-ioo. ior íieo íilve-r : Wvai o ipect.i.:lc . The demócrata are Uoimg tiielr best tO make tbte political contest I B luirii the mfllionaire mine owners and the best ioiterest oí the people. An uiiisoiind and unsafe dollar le a curse t tïie maases ; tbe capitalista tafee care oi theméelves, oever lear for f.hem. Are tlie workaisman'.s interests, the Danner'e loterests, any saier tn lb :!i;r.nl, oí Mr. Teller, Mr. Altgeld, or Mr. Boies, tliian in thio.se oí Mr. Mc'Kinley, Mr. Reed or Mr. Alger, tor _in6tunce ? IL no, Whsy ?. Altgeld, the ainiu-hisi, po .Ing as a saviour bi ttxe people ! Are the yoters {opiato lie dwüped by Bueh nuu V N4 ! The ïKipw mili ci!, -ínj'.-s wonia i ave aa much riglut to dema-iid of thls goverrtment ttmt the product s oí tlieir mlUs süvoulil 1 priiïted into currency, es tho silver mimo ownei-.s have to demamd tfliat tliis goveniment ehaü ooiin all tlie product of tbeir minos, The principie is exaetly the saane. Il Senator Teller, thé man w!io .v-s. as elected by repuWtcaos a a republican, and acted the part oí aJu-; dat,, did not dwb a loc of hilvev min-is wcn.10 ho be ii; dhlcago ins;ructlag ihc1 deinocrats how to run their national convention ? Hardiy. Senator Jones, of Nevada, ditio. Are Senawrs TeUer aud Jones worklng in the luterests of the comnion people, or in tte interests of Senators Teller aaid Jones? SPhat do you thinlc aliout rtï The free traders used to teil as that ÁvTuTthe tariff off of wool, woolen goodswould Ve so clieap that no shoddy: -vonld foe used, and yet tlie govempient figures sülctw t ha-t und'eri ■the first year oí the present tarüf law, thO importatio-n of shoddy was 8,265 per cent. over the entire four yeare of the McKtoley toriff. And exen nolw, with shoddy goods, the American woïkman has little -wages to pay tor this clveap foreiu tufi to cover the nakednens of himself and fainilj'. Tlw present Wteon tarlff bill lost to the i'aviners of America., tJie first year ir was iai iorce, upward sof $20,000,000, and to the wo'kmen in Amer[can ra! ?20. 000,000 more. Th Eirsi !?20. 000,000 M".ii ii. Au-traliau and South American [armers, nul the l:i-i $20,000,000 to the srorkmea In F.níl'.i-h mili', lv ivas all drained out of Wie pocketa oi .Vme-i'-aji--, and ii coïitimiie!l a Pew yeate ior.-j.ev wiil iimpoveriis'li this natlon, as rich witli resources as it is. T.iars the questionto be settled nexi November. Don't allow yoofBOlf tu be daped by l.his cry of good ti'nws uaider Lree süver cotaage. It niaiy increase tlie prioe oí your producto, but it wlll Inoreaee tlie price of your necessitles that yiou have to l;uy even more. Dvery matioai t'lmt had adopted tthe pdliieanc yet, hos giwund her lab&riers down iinto tlie dust' by it. That wfll be theresult iattJiie United Statee Jf it is adopted. A labovmg man anfelit weU ta,ke a afape and hang himself as to oa&t aïallo fot1 free silver. Frec ed'lver c'oiiiage means .silver mone.y without the goT'enuneiit back oíf ïfc. A.ny ipetson haviutí any Bllvw, Dld isilver epoomií?, or oíd efüver dlsiuee tr aTiytli.iiig of thO eort an go tp tbe mint and have it ttaelted np, aai) coiined. The individual wHo holds the lailver laulliaii fe behinil the coin and the goveniniient iB not, as is no-f the oase. The comsequence wffll te ■fhat silveT dollars and silver coin of all kinds wül be wortlx bullHon valuo and no more. Iie bullion value of silver dollar to-day IB nliont .',() eente. It wffl ndt ïe wortJi that mucli wttU the silver o! the warld damped upou us. My gool iriend, before you a-p carried away witli thi.s .silver craze Htudy up tüie mtmcy question, and Bi mly boih sules oï K.

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Subjects
Old News
Ann Arbor Courier