The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1889-11-07
More Que ito a I'D nswers for the Peo-
pl rum.

More Que ito and nswers for the Peo-
pl F rum.
| Q-What other coins in use among
| the people have been invested with "a
money value beyond the intrinsic or
commercial value of the metal upon
which the money value has been
stamped by fiat of law?
Ave have the 3-cent piece coined
under the law of March Sd, 1865 and
a Scent piece (nickeD, coined under
the law of May Is, 1866. Both of
them are composed of rs parts cop
pc and 25 parts nickel.
| Q-What is the commercial value
of a pound of the metal composing
these coins?
Alt is worth in the market 20
cents.
| GLOW n.any nickels (5-cent
coins) can be made of one pound of
the metal?
A.-One hundred-worth So in gold
or silver So you see that 40 cents
worth of metal, by the power or fiat
of law, becomes So; or in other
words, there is a money value of
$3.50 actually created and impressed
upon the 10 cents worth of metal.
simply by stamping it in the mint
Q.-Could not this money value
have been stamped or printed or i'm
pressed upon paper just as easily as
upon copper or a compound of nickel
and copper?
A-Of course, and at much less
cost to the people.
Q.-Why do the people submit to
such imposition?
A-Because Damphools seem to
glory in being hoodwinked by Dam
rascals and led like sheep to the
slaughter.
Q.-How can the people be saved
from such falsities AMI their conse-
quent bondage to the shylock shar-
pers?
A.-There is but one way of saliva
ton for the people from hopeless bon
dage to one of the most contempt
ble and merciless aristocracies on the
the face of the earth. That one way
, is to seek for the truth Independently
Of party, and when they find it, vote
it.
Q.-Is there any other legislation
going on to show that all money val
ues are purely creations of law and
entirely independent of the material
; upon which such value is impressed
! A.-Yes. By law of April I'd, 1892,
! our silver dollar was made to con-
! tain 412h grains of silver nine-tenths
fine), and it became the unit of value
and the money of account through
out the United States. The same
law made ~ grains of gold CLIP
fine) equal in value to the silver dol
lar (of 412A grains).
Q.-How long did this relative val.
Tie of the two metals continue?
|. A.-Till the year 1S34-just -
= years. The people then by fiat o.
: law reduced the weight of gold in a
4 dollar from 81 grains to % SIC
= grains.
q Q.-Was the legal value in exchange
= reduced by this reduction of the
quantity of gold in the dollar?
A.-No; not Il particle. The % s.
10 grains of gold was equal to a sill
u yer dollar, and would pay a dollar
just as it did before the change
Q.-Are there any other changes to
{ which you can refer?
Yes. The gold eagle ($1O coin) o
. 1884 contains 15A grains, less golt
value remains precisely the same
DClOiC ollC ,yCtii IC'Dt, out DOUul
u Troy weight) of gold was equal tt
Is pounds of silver-made so by TIL,
e law of 1892 Since 1884 one poune
l, of gold is worth 10 pounds OF silver
Q.-What do these facts demon
strate?
AUST what the people need tt
know above all things The factl
n prove beyond all question that tn,
l. | vollIo and rnnnau yy,l,,a Of =. =,
IS coin are entirely distinct and sepa
q rate-that they never are or can b.
e commingled-that the money princi
l. pie may be stamped upon paper
e. wood, leather or any other materia
o capable of being impressed by /;
'e stamp. and answer the purposes O
s trade or exchange as well as golt
o and silver.
of OIL see in The SENTINEL of tn
e 18th some questions asked by "Golt
Is and Silver" which demand your at
E. tention. Do you mean to pass then
d by?
A.-By no means. The question
,e of "Gold and Silver" are well put an,
ie very pertinent-too many such. ques
~ tions seem unanswerable, for the rea
y son that their ideas upon the none
question have been very much lik
our present currency-mixed. 1t
in the interest of bankers to keep til
ne ideas of the people upon this questio
'n mixed las it is in their interest to kee
III the currency mixed.
n Q.-How about the Rag Baby yo
ef seem to nurse?
~ Al nurse the rag baby for til
-. reason that such money issued b
"a the people, to the people and for I'll
~ people, based upon their credit an
AZ sovereignty, can alone save us frol
~. utter ruin at the hands of usurers
nf Q.-Why do you not believe in
VI specie basis for paper money?
~ A.-Because the specie basis bus
NC ness always has been and always w
be a id lie, fraud and swindle
is totally, completely, entirely tho
oughly mischievous, pernicious al
III Internal. The dollar of our daddi
tt is and must ever be a dishonest dc
Ter lar. During $50 years the value
tie an ounce of gold changed fife
ny times, and in the year A. d. 106Ow
1t. worth nearly three times as much
0re it was in 1910. From 1910 to IS:
ose the value of an ounce of gold chan
ed ten times-once every year.
1910 an ounce of twas worth Sc 1
1OKd.
ny Q-What kind of paper money
a. you mean, when you say it needs
sh- specie basis?