People's Pilot, Volume 5, Number 2, Rensselaer, Jasper County, 4 July 1895 — AND IT CAME TO PASS. [ARTICLE]

AND IT CAME TO PASS.

A PROPHECY MADE IN 1802 FULFILLED. It la m Tree To-Day Aa It Waa I Then —A Plain Statement of tho Financial Question from the St. I .onla Post-Dispatch. i In looking over a lot of old papers which we had saved during and after the campaign of 1892, we find the following from the Post-Dispatch, a Democratic dally paper, published in St. Louis. It is well worth reading, and is as applicable now as it was then. The article referred to is an editorial, and says: "Outside of Russia, Europe’s entire production of both gold and silver amounts to but a few million dollars in value, and Europe does the bond-buying and money-lending for all the outside world. The single gold standard, with purchasing power constantly increasing, is a big thing for her money kings. The depreciation of silver cannot hurt them, but its remonetization would, if It should tend to check the appreciation of gold. They are, therefore, opposed to silver coinage, and they control all the Governments in Europe. j "Ours is the only government in the i world that is resisting a tremendous popular pressure for the free coinage of silver with full legal tender power. j What motive is there to induce European Governments to lift this pressure from the Government of the United < States? They did not consult us or I consider our interests when they dei monetized silver. On the contrary, I they demonetized it only when they I saw our mines decreasing In gold prod- , uct, but giving promise of soon producI ing more than half of the world’s supply of the white metal. And they will i not remonetize It again so long as we leave the matter under their control, ■ or until they find our mines again yleldj ing an output of gold four or five times as valuable as their output of silver, as was the case prior to 1871. “The statesmen and money kings of j Europe consented to the Brussels con- | ference merely to help our politicians 1 hold the free coinage pressure at bay i for awhile, and to eliminate the silver . question once more from a presidential . election. They may be willing to help ; on the policy of delay by adjourning the futile discussion from time to time, I so long as that game can be played upon the people of this country. But this is about all that will come of the Brussels conference. There will be no international agreement for a restoration of free bimetallic coinage. "If the nation that produces nearly one-third of the world's production of gold, and nearly one-half of the world's entire production of silver, cannot take the bull by the horns and settle this bimetallic coinage question for itself and with thrifty regard for its own Interests, it cannot expect a satisfactory settlement from the money-lend- : ing nations that produce neither silver ' nor gold.”