The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1885-03-19
FHI SILVER DOLLAR.

Diamond Joe Reynolds, Of Nc
Gregor, is said to be interested1n q
Colorado silver mine, in the various
departments OF which 800 persons
are employed, the ore being refined
and disposed Of In Chicago and other
eastern markets. We also hear it
stated that Mr.. Reynolds alleges that
their mining company is unable to
obtain as many silver dollars as they
can advantageously use in their bust
ness. We presume these general
facts are true as to nearly every
company or individual engaged in
taking silver from the mines. The
question is, what is the remedy?'
There is, there can be but one
answer. Restore the law as it ex-
listed before the corrupt demoneti-
cation Of silver in 1873, SO that the
coinage OF silver shall be upon the
same basis as gold. This will relieve
the treasury Of the need Of purchas-
ing silver to coin. It will also re-
lieve the treasury vaults OF the silver
coin boarded in them under the
present system OF coinage. It will
also render the silrer bullion re-
q,1ired to make a siluer dollar ,cOrth
a dollar. Under our present system
the yield of silver ore is largely in
excess OF the amount the minis may
coin, and to augment the evil the
mints coin the minimum instead OF
the maximum. It Is this surplus
that fixes the price upon every ounce
produced, just as the surplus OF
wheat, for instance, fixes the price
OF the entire crop. II the home de-
mand for any cereal produced calls
for ninety nine out Of every hundred
bushels produced. the one bushel Of
each hundred to be marketed in
Liverpool fixes the price upon the
entire crop.
The director Of the mint in his re-
port now before US shows that the
entire annual product Of the silver
mines OF the United States is. only
~, 229, GAO. The silver coinage Tor
the same time, being but 6,773,-
3S7 80, leaving Of the product Of the
year $l8, 456, 261.2O, that is refused
coinage, aud which surplus regulates
the price Of the entire yield. Was
the coinage free, or should the minis
coin for the producers Of the ore the
maximum OF four million dollars .
month, thc'yield would be less than
the coinage, and every dollar OF it
would 60 from the treasury vaults
out among the people, who are the
producers Of that, and OF the other
products Of the country, in exchange
for labor and its productions. Thus
the ore to coin dollar, would be
made worth dollar.
| One Of the most potent reasons
why the bankers Of the east and
their business allies and associates
lin the central west desire to suspend
the coinage of the silver dollar Is
that with free coinage they are un-
able to control the currency OF the
country; to say whether money shall
be scarce or plentiful; to fix the
amount that may be in circulation
and thus to fix the price Of every
particle OF property, real or personal
in the country.
In other words the unlimited coin.
age of silver for those who produce
1t. will prevent that class of persons
from "c0rneriny" the money Of ths
country, Is they now do, through
their varied combinations, ncarl,
every commodity.
Is it possible that the President
and that portion Of the democrati,
/ press that dcclaims against "Th'
| silver dollar" Of 4l2t grains, while
protesting TO favor ~ silver dollar
containing dollars worth Of bnl
lion, have not given this subject tn
thought and investigation it mer
, its?"
! The silver coin OF the government
il needed for the use OF our owl
: people. To increase the weight o
the bullion it contains beyond tina
: Of any other country, makes on
. money an article Of export, and rcn
I ders it an object for such country t
r obtain our money for re-coinage
r The tendency OF all this will be t
induce spectators to send the none,
needed for use among our people
: abroad rlre-coinage, thus continue
1 among industrial classes tn.
e same evils that the republican part,
s has brought upon our business an,
q our industries by locking the none,
i OF the people in the treasury vaults.
}, Many OF the newspapers woul'
h brighten the people against this in
1 flHtion of the silver coin because, Il
4 they allcgc, it will increase prices