The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1886-01-14

wisdom. Fortunately the official re-
ports overthrow all the reckless as
sertions of the gold worshippcrs.
The Register OF the Treasury lsec
report OF this year, page ~. shows
that out Of S.1,O71, AGO, 262 registered
bonds Of the United States outstand-
ing. only S11 ,927 800. or little over
one zenith OF one per cent. Is held
abroad, and or those which can be
paid before 1892, foreigners hold only
S34. l5O, which is less than the inter
est on the money now lying. idle III
the Treasury tor one day at 5 per
cent per annum.
These facts coupled with the fact
that our exports Of goods exceeded
our imports Sl3O.OOO,ODO this year,
and our imports of.gold exceeded our
gold exports sls.2l3.sO4, an amount
greatly exceeding all our bonds held
abroad, settles the question. The
falsity OF the clamor about foreign
complications or gold premiums is
made too apparent for any sensible
man to be deceived by 1t.
The press is filled with articles day
by day which seeks to make people
believe that all other nations have
ceased TO coin silver, and that we
alone are stubboTnly persisting In
forcing 1t upon this country after it
has been abandoned everywhere
else.
propose to disprove these alle-
cations by officially stated facts.
The director OF the Mint in his last
report shows pages l3l. 1922 that
for the year 1854 the worlds produc-
ton Of gold was S95 ,292 500: Of silver
sIl5,147 ,S7s; and that 500, 459,24O Of
gold was coined, while the coinage
OF silver last year amounted to $780,
OBS. 443, Of which the United States
coined S23,99l.756 Of gold, and $28,
534. sb6 Of silver. Other nations,
therefore, coined in 1856 SCI, 504,577
Of silver, showing that We are far
from being alone in the coinage OF
that metal. England coined $3,2O4.-
S24 OF silver last year and S6,2Ol ,5l7
the year before, to add to her stock
which has been accommodating Tor
generations; while she has coined
silver in India in the last three years
to the value az SOS, 234 900.
The workers for wages in England
to day get their pay in silver coin,
and the question is never mooted hy
them as to the comparative bullion
value ol the silver and gold coin u
that country. Even Germany not
withstanding she pretended TO have
demonetized silver twelve years ago
coined in 1882 S6.4O7.l57 OF 1t to add
70 her vast stock Oil hand, her labor.
els are paid in II now. No complaint
| is made anywhere, here Or in Europe
about silver coin except by the hold
e,s OF our bonds, who seek to IN.
crease largely the purchasing pnwei
OF gold. or. which is the same thing
reduce the value Of all our property
from IS to 80 per cent. below u
present value when reated by the
single standard of gold, which they
claim shall BE- paid by us to then
and 10 them alone. They do no
seek TO establish the single colo
standard. they say; they are bi-me'
tallisrs. They agree that silver Is /;
legal tender for all debts and obliga'
tons Of the government, eXcep
those held 5y them. 1t is good en-
ouyh to pay the laborer. the soldier
the sailor, in short, all who work fol
the United States, but they insis
that il Is dishonest in us to pay it t
them. although their bonds and obi
cations all show OH their face that |
is il legal tender in payment OF then
all. so long as it is coined OF tn
standard value fixed by law, July Il
1870. as II is now and always ha
/. been.
4 Onr dollar Is more valuable thar
that coined by most OF the o!he
leading nations, France included
theirs bearing the relation OF l5t t
/ with gold, while ours is lS to l.
The Comptroller Of the Currenc,
in his last report. page 26, says:
From Information communicates
to the State department by the min
lister of the United States for France
II appears that notes Of the Bank Q
Franc ore legal tender. and redeem
able al sight, either in gold or silve
5.france coins, at the option Of banl
(silver coin of smaller denomination
being legal tender only to the exten
Of SD francs..)"
The Bank Of France alone hold
more silver coin than the total silve
coinage OF the United States. Up I
July 1, 1856. we had only coined 2O3
100000 of silver dollars. The silve
! coin i'm Bank Of France, at five franc
!, to the dollar, amounts to 500, $40
, S84, or over sl7 100000 mCrc tina
our total coinage. How many mil
, lions more are in the hands OF he
people am not advised--more, ler
, haps, than are held by the Bark I
France, yet they are all full legs
tender and all as good as gold.-
5 France Is little more than two-third
! as large MS tn. State Of Texas; he
internal trade and commerce is
mere bagatelle compared with thu
: or this almost bcundless continent
: her population Is not two.thirds 4
: large as ours and far less cnterpri:
Ing; her foreign commerce Is niue
= smaller than ours gold can be trans
Y nnrtad from the Rank OF France