The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-04-01

common consent aud usage OF all comdher-
cial peoples. that bimetslism does not ex.
ist by common consent among commercial
nations, that the ratio between gold and
silver can be dxed by Law, bat will bind only
The Nation that hkes IL. Now the United
States de,ifee 20 make silver circulate ag
money. Let Congress tx the ratio. no mat
ter what it IL, cay hfteen aud q half OF silver
for one OF gold. Let her make her silver dol.
lars equal with her gold dollar on that basie
and they will circulate 20 the full extent
they can ba made 90 pass aud no human
power can force them beyond that. IL IL
the discrimination sought TO be made be.
tween the coins that makes The greatest evil
Ia Mexico the business man starts out with
hls poems, each with bag OF silver
on hls back, 20 pay his obligations.
II De wants eold be payu 40 90 ~ per cent
premium for a. Not because OF suoh dia
eliminating legislation e. We have, bat be-.
cause OF supefabandanee OF silver, AID \
forced circulation has driven tho gold out
Ia l.ondon where gold alone rules Il can
tefh, business IL carried on by commercial
paper fsdeemable IN gold. Silver, valued
by foid, oifeulateh 10 The tull extent Vt the
demand, AMI there ~ 40 friction, Even the
Latin Union does not pretend 10 i0foe do,
based silver 10 the level 0i gold, aud could
not do 10 evan even Ia its own countries N
Us members should agree 10 Wy by govern
ment Hat
ne lrn1FN NNn OnNMntf NNu AruAt NnnNnNa
lent will OH the channels it 10 lifted tor aud
40 amount OF forcing can make u do more,
That ID the relation silver bears 10 gold.
Forced beyond that like dfll wood 10
covers The shores he dIiitwaod, or obatFueta
the channel and turns The current back 60
mud other channels, doing injury ~ other
Hoods do,
Tie greater amount OF tho worlds bual.
nesa 10 cGi Quoted on commercial paper aud
bullion coin 10 treated az bullion ia foreign
trade and exchange, the actual geld value ia
II being the total purchasing power ID
possesses The Governments stamp being the
evidence OF pure metal ia Il lie local coin
value goes for nothing except ln its own
country. This being the fact, what nonsense
II IN 20 seek 20 change II by huoh dsorlm'
mating laws ~ dlsgfaoa the statute books OF
the United States la the futile effort 20 turn
aside uneffing anu unawerylng forces that
grow out OF trade and nnanoef
la slave tmen, under a great revival
many negroes were being baptized. The
preacher lost his hold on one TAT, sleek fol.
low M he went under the water, and he cams
near drowning. lie finally got up on the
bank and sang out. "lletter look out dAr,
some gentlman II bo short niger Wild dis
dam ioOlishnots
Tie country has been "shortn n good
many times With this foolish legislation, 20
the enormous cost OF the laboring aud pro.
dueing olaasea, aud the continuance Of ihe
compulsory silver coinage law will make
more OF IL, and 10 Aaeuous extent,
The true position In, one unit OF value Tor
coin and coinage sufficient 20 supply the
demand. Then 10 will regulate itself Let
all Government obligations ba on "A level.
and Nc one better than another under the
statute. II Government issues any paper 81
circulate as money let IL issue u ell have
only o0e Kind, aud that Reasonable a. tho
pleasure OF tho holder II Government can't
redeem 10, iadiyidUa'a coald not redeem
other notes, aud ~ clrcalates rs money,
and there IL no other bat coin, Il must COZ
time IN use on faith in the Government
All present circulation Ia on thai Au way.
Then trade and commerce aud tinanee aud
circulation would adapt themselves 10 each
other. With free banking and parse nal ia.
biliiy OF stockholders aad officers, 81 VII and
penal there would be stability a. 10 the cir.
oulatinR medium, aad the laws OF demand
and supply wonld regulate amounts, val ues
and prioAs.
With this reform reforms In other cases OF
clats legislation would speedily follow.
q. II. REEVE