, 1879-05-19
FREE COINAGE OF SILVER.

a1eo ss1ff tn,44to .n'1- 80.
-.,..o- ~ o,,,,ro
EREE CDlNAGE UF SILVER.
~ ~. rd}tor Of Ths Tribuns -
"a. ~ n-sn,., - w.. ,-.no..a
CHICAGO. May 4b~-FFe7lous 10 tne pfoposeo
:. 1900. ~ b.v,ro s;1rar sddnd IN
sen.eo 70 1t oesAuse " aasl ~ 49, .us aa..1.
gold as the basis, oel1e7lng tnas tne '"c Me1ala
snsta;n "u '0 - nat 20 49, ,hat II bs. heen too
SoStalo II" oot NC LUZ e1'a' - A'o o
narrowly extended on the saYer zde. a. =
49,. -. 49, ~1-, ~ ..---I.., - +ha
sa1ueu' anu WILL Tue cousel' 'a'lre poas5 ~ ~
Secretary 1t probably will be- Bu: to wnst pof-
ts~Se :. .,1a NO psop1e ~ ~ .as,,a =.
11om II tnan oulolng up noanc1a1 pgfan1" ~
meut creditors WIN are willing to lock IN still
-" ~ "Ae
more OF the money OF the country IN National
to Be only looked st By he peopis who have
little or no connection with til They
have the satisfaction Of seeing the Government,
snp ans % FOR IT,
In gold-a beautiful thtur to ook IL but as coM n
IN iceberg towards 10 COO 600 OF the neopIa vho
tie secreay as cosa
SO far attend 1esnmptionf answer that II is fuss
the one that be intended should come. Of il, He
only 90 far as it might oe necessary to maintain It
With the parrowest bounds possible.s Hs intended
the Administration shouls hold tho; pnrse as We'll
to feel tas psrtS IN %
who may dole ont to them Just enough Of of:dnancial
means to keep them from pesIahin2. Is Ills the
himself has said, is of he people ~ nd for sas
peoplel
The people have no means Of obtaining money
for general use excepting as It il furnish II ~ .hs
Government directly, OF indirectly tt7oneh the
National banks When, therefore, ,heT hold
great reserves as against possible contingencies
connected with specie payments, tho ueonie are
liable to be too scantily supplied with tie money
to do healthful and living business. Such ts tie
case now. which IS perpctuating the atrngenc1 and
n9s whsh hs sealed the
few yeafs. What remedy is there for this state Of
thtugss answer, the free coinage OF silver. Tt5
eaa 5s5s sis 9 ths NJ
dental reasons connected With specie payments.
aud the gold limits itself through the insdequacy
aene tha oily left Tor H.
creasing the volume OF our circulating medium
ia the silver mountains which God in nature has
developed. Il we reject this boon, We deserve to
suffer. As the Government now deals with silver,
very little advantage to the people results from Il
and all the evils connected with It's use come to
the front, the frat OF which Is, thar the Govern
ueut being chiefly the purchaser. aud only lin
ited one, it keeps up the wide difference in yalns
instead Of having It placed so as to be dtssemfnat
ed, 1t Is taken to the Treasury and banks. where
its bulk and weight causes It 10 be deemed clog
and burden. The coinage has, therefore, been
greatly checked and restricted, and has resn1ted.
thus far In bringing ont only about 20 COO oo0 of
ths standard si1yer-dallars. Thalimited quantity,
subordinate to gold, which thus holds it, predom-
nance as single standard.
Thus the higher capitalists are g}oadng over the
the masses OF the people are mourning over tho
scarcity OF money in general nse Let the mint
facilities be increased, that every man who haa
IL
shape OF dollars, then enterprise or investment
on hta part will bring It moro CT laas directly into
the hards OF the people at largo With WHOM it il
always in favor in the way Of neichborhood rrans-
actions and little reserves. Tnus two or throe
hundred millions Of silver could soon be dIsssm.,
mated among the people over the WIDE area OF oul
ees % s a8d 0dn sDsse e9g IL M s
would be q deep-rooted aud strong founaatioo
given to our financial system, -aaordtng liability
Of silver do not seem sufficiently to consider TINT wa
are having essentially specie currency, aud that
therefore we must have enough Of it to meet the
Otherwise the industrial elements OF the country
cannot % fully employed, aud poverty and dis
tress will more or less result. The majority have
chosen and established the system, and it must bo
accorded all the elements Of succesA as filing tho
nations requirements in the way Of money. II
there Is weight and butdensouenesa connected
AZ q matter OF necessity, and al ona Of the e7lR
attended with many solid advantages. There IL
another consideration In the coBe not 6Qfdclently
weighed. which IA that the ereenbacks and Nationals
hans issnes are subject to the stsctest rules and
rerulations. from which therecan be no deviation.
Hencr, as they are to be answerab!e In apectc, II
must be au-there can be no Sinking the fact
This neeesast2tes WISE amount 1t specset
BEFORE silver should be 50 abunaAntsJ coined that
the whole volume at money shall be equal to the
requirements OF the country. BY the abundance
OF silver com TINS furnished the Eacton8l ctr OF
backs and fat money will bc quietet. aud tho
elements Of financial disturbance put to rest.
Silver certificates ought also to be issued to aug
n,ent our monetary facilities.
Ar 70 The use OF silver a. money 3mong other M
tons the conviction is becoming greatly prevalent
that its use such is an inevitable necessary; and
shoee nations that have demonetlzed It arc esi.
IDENTIFY discovering that they have thus Wsakened
he pecunia1y condition Of the masses. aud im-
naired the foundation of National prosperity.
Bnt whatever may be the caea with other nat{ouA
the needs OF our own peppie over sho
yast area OF inhabited territory, IN EelA-
tion to subsistence, DEVELOPMENT, and prog
axjsts on supposritious financial ability. are such
as to demand the diffusion or money o. intrinsic
valne and in large amount, that enterprise may %
~ c1ed tssS Il ~ W ~ corernant wnna nnka
tne 5sfferenoe in yalue besween bullion md co!n-
~ +hIa Il nav be replied that the demand being
1rontar would more readily equal the supply, and
Enlon wond rise in value 80 as soon to leave but
= made rnte margin; nut the advantage to the peo-
eaTegh The pseg Of Governmental