People's Pilot, Volume 4, Number 26, Rensselaer, Jasper County, 14 December 1894 — Silver Not Fallen in Value. [ARTICLE]

Silver Not Fallen in Value.

Silver, measured in all commodities save gold, has not fallen in value. It does all the monetary work of nearly 900,000,000 of people, and half that of the remaining population. There surplus of it in the world. Its present low value in gold is due to the destruction of its money function by legislation. Prior to 1873 'its value stood at to 1 of gold. That is almost exactly its present quantitative proportion to the world’s stock of gold. Both together are barely sufficient to do the world’s work. Both exist in the storehouse of nature in limited quantities, and each is equally difficult of access. No fear of inflation from the use of both. “The rude obstacles which nature,” says Senator Jones, “has placed in the way of their acquisition, are a safer protection to a people against the evils of inflation than the wisdom or unwisdom of their rulers.”