Democratic Sentinel, Volume 22, Number 42, Rensselaer, Jasper County, 29 October 1898 — GOLD AND SILVER. [ARTICLE]

GOLD AND SILVER.

One of the arguments made by the advocates of the free and unlimited coinage of silver is based upon statistics relating to the fact that the amount of gold and silver coin in*the world is approximately and practically equal. Secretary Gage of the United States treasury department estimates the gold and silver coin in the world as follows: G«|\d coin $4,350,600,000 Silver coi* 4,208,300,000 Total $8,567,900,000 The current estimate of the world's population is 1,500,000,000. Accepting the estimate and it is seen that the gold coin in the world is equal to $2.90 per capita, and that the silver coin is equal to $2.80 per oapita, or that the total coins of the two metals is equal to $5.70 per oapita. But it is replied that such estimates are of little consequence because the population of the world includes savages and barbarians in all of the zones. That is true, and to meet the objection, 500,000,000 of the estimate is omitted, reducing the total to $1,000,000,004. This would give the civilized population of the world $4.85 per capita in gold and $4.20 per oapita in silver, or in both coins $8.55 per capita. It should be remembered that this close equality of the two metals as money is not of recent date, but as Mr. Shafroth says, has been the case “at almost all stages of the world’s history.” That such conditions should have existed is not neoessarily miraculous, but it is, nevertheless, most extraordinary, and would seem to have been brought about by providential oversight, as much so as that, by some ocoult design, the sexes hays been maintained through all ages as about equal. At any rate this equality in amount or value of gold and silver seems to be the order of nature and of wise design. The gold advocates propose to strike down silver as primary money, to reduce it to snbsiduary money, to redeemable money in the interest of gold standard advocates abroad and in the United States, and this outrage upon the great mass of the people is proposed without a scintilla of proof that either individuals, communities, municipalities, states or nations have ever suffered ky bimetallism, the use of gold and silver at such ratios as have been established by law or oustom as standard money. And if a motive is sought for placing gold on the throne with a crowu on its head, and silver on the scaffold With a halter around its neck, one. and only one, will be found, and that motive will be to enable the rioh men effectually to plunder the poor. Say what we may, the men who coutrol the money of the nation will control its destiny, unless the masses properly estimate the dangers which environ them, and swear, as did Jackson, “by the eternal” money shall not rule and shape the destiny of the America:; republic It is a notable faot that DeLomc lost, his diplomatic head far telling the trut h.

It seems that Cooney Kellner of this city, a saloonist, has re* ceived a letter front A. E. Knotts, republican candidate for joint resontative, in whicn Cooney iB requested to exert himself in his (Knotts) behalf; that while his opponent “Mr Yeoman is a respected citizen of your fcouuty and have not a word to say against him, but you know as well as I do that ‘he is not our kind of people.’ ” Knotts can bst his sweet life that Mr. Yeoman is not his “kind of people. He has served his country well as a soldier, and will serve the people of Jasper equally as we 1 in the legislative halls-.. ‘ Vote for Yeoman, make no mistake. A large stock of school shoes to select from. Gall on Jndge Hea’v, ".he exclusive dealer. Within the l»st two weeks W. B. Austin has close ! np eight farm loans ranging in amounts from 8300 to $5,000 at 5 and 7 per cent, according to amount. We would call that expeditious. Judge Healy is ope ing cut an x tensive new stock of Boots and Shoes, Rubbers of all kinds, school su oes, etc , for the tall and winter trade, at the lowest prices. Judge Healy has had lo nexpe rience in his line of trade He is an excellent judge of material and workmanship You will simply consult your own interest in mak ing your footgear purchases from him N otice to Taxpayers. The first Monday of November is the last day that taxes of 1897 can be paid without penalty at* t aching J. C. GWIN, Trea . The “Snowdrift,” manufactured by J. M. Gardner, of Monitor mills is rapidly forging to the front in public estimation. Try it, and you will want no other. Mr. And Mrs. Ed. D. Rhoades, Mrs. C. D. Martin, and Mi. and Mrs. W. B. Austin took in Chicago’s big Jubilee. Ex>sberiff Powell and wife of Washington, D. 0., are visiting their daughter, Mrs. C. Sp tier, and friends in this city and vicinity. F. J. Sears has purchased a Jiv* ery and sale stable in Indianapolis, and will make that city his fu** ture home.