Evening capital journal. (Salem, Or.) 1888-1893, 1888-06-05
A SILVER FLANK


Republican Processes to give IA POI
tion Of "A conversation that too
place in the Southern hotel, in tina
city, few evenings ago, between
number Of delegates from the min
ing states. Here IL sample Of thei
talk:
J. w. Dorsey, IA prominent Ne
vadn mine owner } "Ihc democratic
party must protect the silver inter
ests Of the slope. The republican
will certainly insert n free colnhg
plank In their platform, and If W,
don't secure similar plank IL viii
cost us thousands of votes on tn,
slope this fall"
Mr.. Lyons, "a cattle baron Of Col
Oradoo "Its mighty little chanc,
wen get ut the platform. Bill Scot
has got IN his work, and II Is already
written. Those people down Ensl
seem 10 think we Wcsterners ar,
not capable Of caring for ourselves
and don't know our wants. They
think the whole country ought tC
go mad every time they are bitten
by yellow dog"
Ex-Governor English, Of Indiana;
"Hou necdn't worry, Jim, that sill
Yer plank will go In, or there will be
"A bigger racket than any democratic
convention ever had on It's hands
heforc.n ...
II. a. Mason, (another cattle
baron, from Nevada:) We've got
the pens and can borrow the ink.
and know how 10 use them, and be-
fore we get through with them, the
easterners will find we are capabl
Of writing plank
This "sllver plank" has long been
clamored for by the mine owners,
and Il would seem from the above
that politicians are beginning to
think II worthy Of their attention.
IL contains II singularly modest de
nmnd Tho owners of silver bullion
merely ask that the government
pay them u bounty Of rs per cent.
on all the white metal bought in the
mints and assay offices for coming.
Or, 10 put Il In other words, Il isa
demand that the treasury depart
ment follow the example Of the city
council Of Salem, when awarding
the contract for the city printing,
and purchase It's raw material of
the highest bidder.
The present coinage law rcquips
the SECRETARY of the toasury 90 pur-
chase enough silver bullion, to coin
frnm 2,WO,OoO to i,OOO,OOO standard
dollars month, Nothing h xdd
about the price he shall pay, but rs
a business man working for the In
tercst of the country, he pays cur
wnt market rates for the treasure,
which, al this time is about ~ cents
an ounce, The dollar contains Al2l
grains, nine-tcnths line, which gives
II value of "a cents, The royalty
ON this coinage, counting Il at 80
WO,O00 short weight dollars year,
is Ss,l0O,OOO, which gocs into the
treasury 10 add Ia the ever growing
surplus Mine owners protest against
this, and ask "the nye coinage of
silver" This expression hides IA
plntioal demand, which We will
briefly explain,
The owner or rold bullion carries /
his tpvsurc Ia an ASSAY Otiicc ar I
'ub-trasuy, aud Is paid weight I.
or weight la coin, This I
sven exchange Is madc .
scaU-c the intrinsic value ~ the
gold unit Is equal 10 les n,ce value,
and thencfOnc the refined bullion is
worth its weight Ia coln. This Is
'allcd nv coinagv; the government
.aying the cNpcn~e or mmting the
loyal metal Tho nyc coinagc of
silver that has so long fillcd our
ans, is a simple demand that the
.gs,suWr Iay out a corresponding
NsBht of colned standard dollars
of the alNvr bullion that he pur,
'hases. This Is simply asking Tor
he mime owner ~ the country a
sonus 81 IS pcf cent an his product \
which must strike the uninNlatssi I,
y pFoieclion nun mad.
Tho silver pnsiuccr iassiass his
lAini with this chop logici 'srhc
lOllar worth IS o'nts lvss-~ tm n y
Iollar A niere nat ~ the govern. \
lient cfoaies 20 ccnts q ys,lue In L
iod Ne trust fir tlioo,iloOme ItisI
ain and = shame chat Nc are de- \
rived ~ this handsome n,Argin, h