Arizona weekly citizen., 1890-05-03
FREE COINAGE.


 yesterday bill restoring silver to its
 appropriate place as a money mstal-a place it held from the time we first read
 of money transactions by the most an
 cient people till its degradation to commodity by Germany, something 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 United States, and receive for It coin or coin certificates at the rate of one dollar for 4I215 grains, the amount contained in the present standard or Bland dollar The coin cer- tificates are to be full legal tender.
 This is the measure that ought 10 pass. It is philosophical and logical. It does net assume to say how much silver shall be coined, and to this in a measure die tatesi the amount of money the people shall have for the transaction of their business. It leaves the amount of silver to be coined, and thereby converted in ~O OO DO Ol lllC hdOul al and smoothly working law of supply and demand. If it should become law, under its operation just about enough silver would be presented for coinage to supply the peoples need and demand for more money. This would, for time at least, take about the entire silver pro- duct of the country.
 As result silver would appreciate in value. Two causes would operate to produce that so desirable effect. 4 new use would be created for the white met al, and thus the demand for it be in creased. Then the money quality would be imparted to it. i standard dollar has more real practical value than 41215 grains of silver bullion. Thus the prop CT ratio between gold and silver would be easily reached and maintained There would not be two different kinds of dol lars of differing values. The fear of this | Is but chlmera of the simple standard | men, or a pretense made by them and | for the furtherance of their selfish inter | estS.
 Gold has long been regarded as the | standard of value. Everything else is by it. But is is really only standard. It Is as variable | as a2y thing else. The only real stand ard of value is labor. The real cost Cf any commodity, whether it be a gold dollar or bushel of wheat, is the labor that must be given for it. Hence hIgh prices mean less of labor, less of pro ducts given for dollar. Money is like everything else. Its price is determined by the law of supply and demand. When 1t is plenty it is cheap. When it is scarce it is high.
 The free coinage of silver would in- crease the amount of money in existence and in circulation, and therefore make it cheaper. That is, less of labor would need be given for it. It would be easier to be obtained. Prices would be higher. The worker would receive more for his abor, the farmer more for his products. The lessening of the cost of money would be just 90 much removed from the burden of the debtors. It would be 50 much less of toll that they would be obliged to give for for the discharge of rheIr obligations.
 Freq coinage would be especially bene icial to the west. It would enable the miners to take their silver to the mint in this city, and receive coin for it. It would enlarge the business of that in ;titution. It would mako more money right here in the state.-Denver Fines.