Arizona weekly enterprise., 1890-05-03
Free Coinage.

Mr. Teller introduced into ihe sen ate yesterday bill restoring silver to it's appropriate place as a money metal -a place 1t held from the time we read of money transactions by the most ancient people till it's degradation to q commodity by Germany some thing like twenty years ago. The bill is short and simple. It provides that any person may deposit silver bullion in any mint or assay office of the Unit cal States and receive for it coin or coin certificates at the rate of one dol lar for 4124 grains. the amount con tained ill the present standard or Bland dollar. The coin certificates are to he full legal tender.
 This is the measure that ought to pass. It is philosophical and logical It does not assume to say how much silver shall be coined, and 10 this in measure dictates the amount ofmoney the peopte shall have for the transac- tion of their business. It leaves the amount of silver to be coi;ed, and thereby converted into money, 10 be determined by the natural and smooth ly working law of supply and demand l If 1t should become law, under its 1 operation just about enough silver would be presented for coinage to sup ply the peoples need and demand for more money. This would, for time at least, take about the entire silver product of the country.
 As a result silver would appreciate in value. Two causes would operate 10 produce that so desirable effect. A new use would be created for the white metal, and thus the demand for it be increased. Then the money quality would be imparted to it. A standard dollar has more practical value than 4124 grains of bullion. Thus the proper ratio between gold and silver would be easily reached and maintained. There would not be two different kinds of dollars of diff ferent values. The fear of this is but a chimera of the single standard men or pretense made by them and fo1 the flIrtherance of their selfish inter ests.
 Gold has long been regarded as the standard of value. Everything else i.
 measured by it. But it is really On!, a conventional standard. It is as var fable as anything else. The only req
 standard of value is labor. The Tea cost of any commodity, whether it b' a gold dollar or a bushel of wheat, i
 the labor that must be given for it
 Hence high prices mean less of labor less of products given for q dollar Money is like everything else. It price is determined by the law of sup ply and demand. When it is plent, it is cheap. When it is scarce it i
 high.
 , The free coinage of silver wonld in
 crease the amount of money in exist euce and in circulation, and therefor
 make it cheaper. That is, less of labo
 would need be given for it. It woulr be easier to I.e obtained. Prices woul, ) he higher. The worker would receiv more for his labor, the farmer nor
 for his products. The lessening of tn
 cost of money would be just so mucl
 removed from the burden of the debt
 ors. It would he so much less of toi that they would be obliged to give fo
 the discharge of their obligations. Free coinage would be especial l beneficial to the west. It would CT , able the miners to take their silver { the mint in this city and receive coi for it. It would enlarge the bushes } of that institution. It would mak ) more money right here in the state.- $ Denver Times,