Smyrna times., 1886-01-13

1HE editor OF our esteemed 0OUen+
porary, the DeldWdreGn, like many |
another individual whose claims of ar
rogance were supreme, classified the |
TIMES with those who write senseless |
trash about the silver dollar and coin
age Just as President Cleveland's state
ments of the same subject were classi-
fed with those called " flippant." tits
an old trick, always resOrted to by
those driven to the wall or who are
conscious they have weak argument.
When he said in a former article that
the standard dollar was worth 100
cents and that man in London, or
somewhere, had offered to take them
at ninety-nine cents, we asked him to
"carry the news to the unfortunate
holders of the trade dollars worth
more than the legal tender dollars)
who were compelled to lose fifteen
cents on every dollar because the Gov
ernment after putting a $l.00 stamp
on them would redeem them at only
S5 cents, and he gives as a reason for
having no further controversy that we
demonstrated we did not know the diff
ference between a standard legal ten
der silver dollar and the repudiated
trade dollar. If he does not under
stand the silver question any better
than a plain statement in controversy,
he ought, as he proposes, to stop all
discussion of the subject But he
adds: ave have no disposition to
evade or shirk the discussion of the
; question, but we prefer to discuss il
with persons that have some idea OF
notion of what money is and what
money is worth"
Before parting with our courteous
silver advocate, we would like to Civ,
him some questions to think abou
which as he will not deign to answe
to one who "knOws so little about tn,
subject" he may editOrially, as ligh
comes to him, for the benefit o
his readers, who certainly have no
i had anything to enlighten them othe
than a few meaningless assertions
"What money is and what money j
worth that seems to be the proposi
: tiOn. Then we ask first why trad
- dollar that contains u grains more q
= silver and worth about eight cent
{ more bullion value than the lega
, tender dollar should be demonetizeC
u while the latter that is worth only s
cents bullion value, should be mad
= legal tender for 100 centsP
y Why the trade dollar, since it is d,
10 signed that silver shall be our circul,
ting medium, is not made legal {
bought up at its face value by tt
le government and recoined, since its e.
Dr. cess of silver over the standard dolli
cs would pay all the expenses of recoii
g. ing?
a Why as a government rich in mine
er producing sixty per cent of the silv
n of the world should want fat money
n all fraudulent coin-when as a n
ch tiOn we are so abundantly able to ci
'st culate honest money?
lis Why we should want for a circul
d. ting medium n debased coin that by
o. excess if unlimited coinage is continu
nd must eventually fall to its actual valu
IS. producing a panic by causing eve
M tradesman and laboring man to 10
on twenty cents on every dollar he posse
'er in money and perhaps more in pre-
of erty?
Since gold is the standard of value
all of the enlightened countries a
an silver in the semi-civilized, why the
IN fort to drive gold out of this count
to and thus put premium on it for Co
he mercial purposes that will eventual
.ek unsettle values and bring about bu
tee ness depression or panic?
ro- And, finally, is not this the real
he ject of the advocates Of unlimited sill,
,Ii- coinage to initiate values in accordar
se. with the fictitious value of the sill,
ro- coin las values were inflated by [
ure large issue of paper money during
cry war causing gold to run up to an en-
, in nous premium), just to increase pr
ted ent values, in total disregard Of the
De- ture and the long depression that M
oht follow as a natural consequence?