The clarion. [volume] (Jackson, Miss.) 1883-1888, 1885-10-28
oliver COINAGE.
The Question Succlnetly and Ably
Reviewed

ST.. LOUIS, Sept 19.-Editor Repubi-
can: In continuing the discussion OF
the subject of free coinage, we will here
refer TO it in respect 10 its effects In
preserving the equality or parity OF the
two metals
The minis OK our government are open
at all times 10 the free and unlimited
coinage of gold. The miners and the
owners of gold bullion have the right to
take their gold to mints and demand It's
coinage into such pieces as they prefer,
and the law authorizes; or if they do
not prefer to wait for its coinage, they
are paid for their gold Immediately in
cash rated at the amount 1T will coin.
The mint, therefore, Affords steady, con-
slant and unyarying market for all the
gold that comes.
THE GOLD MINER
does not produce commodity to be
hauled upon the markets and sold to the
highest bidder to run the risks of bulls
and bears, the depressions of hard times
and falling prices. He extracts dollars
and cents, because he can at all times
have it coined into money. This money
he himself puts in circulation by such
Investments as he may see proper to
make. Not so with the silver miner or
owner of silver bullion. Silver is prohib-
tied free access to our mints. The free
coinage of silver that existed from 1892
till 1873 was prohibited practically by
the law of the latter year. BY that law
the coinage of full legal tender silver was
suspended. The subsequent law of 1873
authorizing the coinage of the standard
silver dollars limited and restricted
the coinage of such dollars. Herein
was its defect, defect imposed upon the
friends of silver as compromise In
order to secure any law at all upon the
subject.
THELAw OF 1878
authorized the Secretary of the Treasury
| to purchase not less than $4,000, 900 nor
more than $4,000, 900 worth OF silver bull
| lion monthly, to be coined as purchased
into standard dollars. Under this law
the Secretary goes into the market to
purchase silver at its lowest rates. The
government thus becomes the depTecl-
ator or bearer of silver. This makes
| silver bullion a mere commodity, and
all that part of this commodity that
| must wait its turn at the mint is ne
1 CcbEdTlly utSCOultNu. It's law Va SAA7
| count must be in proportion to the
time it must probably wait before 1T can
90 to the mint Like all other COM
modities that fail to find constant and
unvarying price fixed either by law or
contract, silver bullion must necessarily
| fuctuate in value. 1t must be borne
in mind that we refer to the uncolned
| bullion. for the coined standard
silver dollar is now and always has
been
ATA PAR WITH GOLD,
because it has always been legal tender
to the same extent as gold. If the mints
were open to silver the same as gold, so
that all corners with silver could have it
coined into legal tender money, or, if
preferred, could demand and receive
legal tender money for it, then, of course,
there could be no discount or deprecia-
ton of silver bullion below the price
paid for it at the mint. All the silver
thus coined or exchanged by the owner
would be put in circulation by the miner
or owner of the bullion the same as gold,
and would not be, as it is now, subject
to the adverse whims of Treasury
officials, who heretofore have tried hard
to keep it out of circulation. This
brings us logically to the point that the
coinage of silver must be free and un-
limited, or placed upon the same footing
as gold, in order to preseye the parity OF
equality in value of the two pecioua
/, metals.
THE GOLD CRAZE
, has, however, reached that stage that
l a So So
TO coin silverfree because. as they allege
! it is not the standard of money among
! a sufficient number of nations for us tC
! adopt it.
What are the facts? We give here
4al1as +atep from the United States sill