The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1885-12-10

which we -ont more than o. per cent, Of all
our exports Aud with most Of tho coun.
tries having silver as standard, or In
nearly exclusive use, where we do the small
remainder Of our foreign trade, settlements
are eliortol by the gold standard through
storlIng bills on London,
"Gold from pll the mines Of tho world has
doubled In quantity within thirty,llve years;
silver about dolbling In the last one hun
dr5d years Gold, like silver, Is a princi-
pal pro lust of mines In the United States,
which have yielded OF the two prooioua
metalai
Gold, Silver,
For the last Il years 7 2 per cent 2'pcr cent,
For the last II years blNper cent, bO-ptr cont,
Lately ~ years ago COX per cont, 6O-peroont.
Last year ,,,,,,,,,u BO-per cent ok per cent,
"Who, then, would propose the dlauso OF
gold or ask the enactment or tho contiuanco
OF laws likoly 10 promote tho expulsion or
its use nj a premium instead OF ia tho g.And-
ard Of value, TO which, by stopping the coin.
ago OF silver now, the legal tender value OF
the 2l5, 0OO, ,00J silver dollars already coined
may DO held up aud made 10 conform, until
these trouble be ovorpast
"But our $4,000 silver dollars are hero,
and cannot be expected aenGibly 10 decrease,
as our gold may, Nobody viii export or
melt them, Tho reasons are PLAN They
will not low abroad, for the legal tender
quality giyon thom by net Of congress can
not procure their reception elsewhere; not
In Germany, just As her legal tondor laws,
applied to her deprecated four or five hum
dred million silver marks In thnlom Of un-
limited lcgul t'udcr, can not procure thor
reception hero or In France; not IN France,
Just Gs her legal tender laws,
applied 10 hor six hundred million
ayo franc picc n Of unlimited lognl tondor,
cannot promote their reception hero or in
Germany, Ccasng 10 coin more, our 80.
OOO, 900 silver dollars will remain, Nobody
will melt them, since the silver moltod Ia
worth 90 or 20 per cent, loss than the silver
mntod whio they remain legal tendor for
all sums Therefore no silver 10 bp used IN
the arts on industries or for expectation will
bo drawn lrom this stock, II N not TO bo OK
poctcd that congress viii Withdraw from
thOBo 2l5, UlO their full tondor quality; II
Is not 10 ho expected that congress will ro-
deem aud melt thom aud sell the metal, Tho
fact, thon Is that wo cannot bo two'mot-
alllsts,
"Thc choice before congress Is not hotwOon
silver mpuumotullism aud gold mouomotal.
lism, Both aro nadmiasblc Tho choice
before congress h not between bitmotalism
and cithcr gold or silver monomoRlism, Tho
latter are not admissible, and bimctNlism IL
only possible with tho cooperation of other
nations which IA not now 10 to had. For,
although France holds the samo friendly at
titudO aud would be- followed by somo Of her
associates Of the Latin union, England now,
as In 1871 and 1881, IL unwilling 10
depart from hOr mintag0 Of gold
alone into coins OF unlimited loyal
tondor, aud Germany now, aa In 1881,
regards the concurrence OF England In an
international bimOtalic union, M sine qua
non. Such being tho facts established upon
abundant testimony, official aud unofficial,
gathered by tho department OF state, II bo.
comes plain that tho choice Of congress Il
only In fact between stopping the coinage OF
silver dollars, or risting by further coinage
tho equivalence Of those dollars with our
monetary unit rhking the fall Of the value
Of 2l6, 900, 900 silver dollars from thoir legal
domestic rating 10 thoir commercial intorna.
tionol value which Ia 90 por cent, less, aud
Involving such disuec In our domcstis trado
Of 66O,OOO,OlO dollars Of gold coin, M whom
gold was j'ct'd by pap'r during tho war;
"fhe only choice before oongl0a, thore-
foro, ID tho choicn hotwOon oncsmptallism
aud two.molnllsm Tho nlvor dollar oan
not bo kept In equivalence with the gold dol.
lar if tho coinage of silver continues, Tho
gold dollar onn not bc kept In full domestic
circulation II the silver dollar IA suffered 10
fall Culning moro uCecssitntus lie fall
Doubtless some will hope that moro silver
dollars can bo coined, aud yet thor equiv
aloncc with the monetary unit not bo lost
II Ia respectfully submitted that there ID no
compensation for that risk, and Judgment
80 aecorlnnt Of tho great business clnsios
who carry ON the exchanges Of tho country
must bo accepted IN llnal estimate Of that
rlai
"An adequate sensb Of tho magnitude Of
tho actual coin money stocks Of tho world,
which join with the potential money exist,
Ing In uneoncd gold AMI silver aud with all
their numborloss equivalents, substitutes
aud representatives TO measure prices not
10 mcution growing economics II the uso Of
money by checks, bills OF exchange, book
credits, clearing houses, postal orders, iolc.
graphic transfers, etc, which operate In tho
same direction, enforccs the lessons OF OK.
perionce M TO the impotence Of any nations
legislation 20 affect prices, II prices arc
measured by staple monetary unit Chang.
lug the measure changes nothing except tho
ownership Of tho property OF The losing onoa
II does not change prices measured honestly,
But the lessons Of experience cannot be com.
plotoly learned In n moment For the gen.
eral range Of prices OF the hundred chief
commodities Of civilized mans Use has been
more than third Of century In completing
the last lpisurply cycle Of its rise aud fall
IA large proportion Of our vorAIngmen
OF mature years have had an instructive OK.
periencc that lowering the value OF any 40.
called dollar, legal tender of payment for
their wDges, is lowering that is oompen-
eatIon 10 everybody else before compensation
reaches them, II Ia n lowering that lifta the
prices OF all commodities before Il lifts the
rate Of his wages A cheaper dollar for
workingmen Of tho United States means n
poorer dollar The daily wages OF our
workingmcn aad workingwomen are by far
the largest, the most important aggregate
OF wealth Ia 10 be affected by the degrade.
tion OF the dollar or any legal tender equiv.
alont Of Tho dollar All other aggregates OF
wealth, the accumulatlons OF capitalists
which can only be obtain profitable use by
being turned over daily In the wages OF
workmen and the employment Of the cap.
tains Of their industry, all other aggregates
OF wealth which remain unemployed In the
payment Of wages Of the day, the month,
tho year, are not TO be compared In their
sum 10 this gigantic sum, II 10 this
gigantic sum, the wages Of labor,
which Is assailed by every policy
that would make the dollar Of the fathers