Telegram-herald. ([Grand Rapids, Mich.) 18??-1892, 1891-10-28
BRIWERON lREE SILVER
He shows the True Positions Of
shs Two Parties
DISsCREENEyTS OF TIE DEMOCRATS
Wisan. asd Cleveland wide = part In
Their Rs-pxcsivs vssss-ntsssry sf
CesaAgs Lsxlsietion Reviewed
Bsiknsp 0oosna saasa


lowing rigorous manner:
'oar democratic lriends are In favor
az they tell us, OF free coinage OF silver
To discuss this properly would require
almost al eyenins-but ! want TO
throw out Jew suggestions. Up
in 1873 We had Tree coinage OF the
silver dollar IN this country. Alto
gether we coined about $4,000, 900.
In 1854 Dur subsidiary coins, silver
half dollars and quarters, contained
the same amount pro rata as the sill
yer dollar did. The result was that
our silver all went abroad because
it was more valuable at that time
than the gold. So that In 1854 con-
gress passed an act providing for the
subsidiary silver coin aud isss. pro
rata. than the silver dollar-in other
words debased IL 80 that IL would
not 60 abroad. Now, they did not
give free coinage then to the half
dollar and quarter dollar, but they did
just what the government Is doing
tosiay-they purchased the silver at
the market price for the subsidiary
coin. This has always been done In
been done with the nickel; Ii il done
with the copper. and always has been
done. II Is Just as fixed law rs any
law can he fixed OF political economy.
that the poorer kind OF money will
always drive out OF use that which
il the most valuable. Now. my friend.
Governor Winans. said he thought we
could maintain our silver dollar with
free coinage equal to gold. He takes
n different view OF that from some
of the leading men OF his party. You
know the position OF the late Presi-
dent. Cleveland. on that question. You
know he does not believe in 1t. The
Evening News, OF Detroit. Is perhaps
the strongest paper advocating that
policy. IN one OF its leading editorials
OF last wintcr-and I will call your
attention to it for I shall not read
10 at hrgth--it says: Free coinage
has sufficient merit In itself without
such lemaCcgery." 1T is well
known" it says, "that with free coin
age, our currency--the measure OF val
ues will be based upon silver dol
lar OF the same value OF the bullion
that II contained in the dollar"
have said that was the best thought
of the men OF an parties, care not
which they belong to. Now, why!
We have been able to maintain a
parity between gold and silver. How?
BY purchasing silver. placing it in the
vauss o, the treasury fcrartment and
issuiig the silver certificates which is
being put in circulation. We have
at al tir,es since that law was en-
acted. in 1873, redeemed that silver
dolhr-redecmcd it through the Gus
| ton. houses, or in gold or paper money.
whichever the holder desired. We have
worked complete redemption
through the custom house alone, so
that we have been able to keep this,
! ,'th,u~h tho bnllion and the silver
| dollar is not equal to that oi the gold
ben able 70 keep that just as good
as i! it had been OF equal value with
| the gold. How far can we go with
| thaG We can receive through the
| custom house only about so much;
toldyou about $4,000. 900 last year
| But in the law which we passed nj
| he list session of congress. known as
the silver law. we enacted that thi.
should be redeemablc in gold. silver
or paper money. which ever the holder
desired. Therefore these have
been kept of equal value.
| Can we redeem all the silver in the
word in that way? 1t is utterly i'm
/ possible. Just as soon as you enact
q law with free coinage, just SO soor
silver, becoming more valuable here
than it is in foreign countries, must
come here, and the gold must take
It's place in foreign countries in pay
mem of it. The gold goes abroad and
the silver remains here. The News
sad I'VE will have a currency based
! upon silver alone. its value being just
what the bullion is valued at thai
| goes into the silver dollar"
1 state, fellow citizens, that In in
creas;ng our currency we would wipe
out the $3.50, 00O. 900 of gold that W,
are utilizing in our country today to
increase our circulation. Now. Their,
is another reason why we ought moi
to adopt free coinage, and It Is this
( We have saved, since the passage o
the act in 1873 up to the new act
over S65 200. 900 by the process,
adopted by Congress authorizing tn,
purchasing OF silver. Today the bull
lion that IL placed in the silver dol
lar IL worth but 75 cents. Now, shall
we permit Congress. which IL but thu
servant OF the people. TO enact n Law
that viii authorize the great bullion
producers OF the West to bring q.
cents worth Of silver to our mints an,
coin 1t free Of charge. and compel th'
farmers and the mechanics and TIL
labU.ng people OF our country 20 TAX
10 at 100 cents. II would he Just a
reasonable, In my Judgment. TO asl
| Congress 10 pass a law that IL shouls
pay every man who ra,sed wheat 81
n bushel. or $50, n he would TAX
10 into one Of the sub-treasurics tina
~ going to he provided by our ALI
nnce friends when they get into power
daughter We saved, I say, h,
authorizing the government 70 pur
chase the silver. under the act. s65.
| 900 300. And under thu new act w.
| are coming all the silver produced
| and taking r.. and issuing certificate,
| upor n. which are n legal tender II
] paynent of all debts. public an,
] prfvate-we are consuming or takfnt
all o. more than all the silver that !,
prcdsced IN this country. w.
| authorize the purchase. and dema NJ
the ,ureha se--rnak.ne IL compuisory
of 81. 900 900 ounces Of silver eacl
rear. or 81 .5oo.0o each month-anS
in payment of this the government
l.~uee its treasury notes. ne said. =
legal tender. N payment ~ all debts
| nuhix and private. Now. We are ssv
/ the f-,r, th7s process alone betweer
sf4 Geo 600 and $1,000. 900 n year
witch otherwise. with free eosn,re
wonls 20 into the pockets of the mil