Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1891-09-03

ing volume OF currency a sol .trly ifc ana
any profit derived frsm thc pJrch - o. H.
v..r bullion and coming l. wilt iuure to the
ben fit Of the pc Opie OF the United Sta:es.
The one distinctive. riking feature of
this law is that the United states will not
pay for silver bullion IN IRE than its market
value. And whv should we? What is there
about silver bullion that distinguish 1t
from any other product of indu trv that the
government need ? When the government
needs foo aId clothing for the army and
navy il pays only the MARKET price to the
farmer and manu- acturcr. The value
of silver produced is insignificant
compared with thc value OF any Of
the articles produced by the farmer, the
m;n'r and manufacturer. NeIC;y afr the
silver produced in the United State IL BY
rich corporations I'm f. y new states and
its production at maI let price i far mage
profitable than anv crop OF tine farmer, and
yet it is the demand of the pro luccr OF silver
bullion that the United St1tes should pay
him % per cent. more than its market va ne
that lies at the foundation OF the difference
between the republican, aud democratic par
ties.
In all countries where god circul ties the
coinage of silver is limited, bat is used as
money in even greater amounts than in
countries where coinage is free This is tho
case in France and the Unit Il states The
free coinage Of silver in either would stop
the coinage OF EOlI The immt diate effect
would be to give to the produc rs of silver
bullion % for each ounce of silver now
worth lOI oDts, but tie certain result and
that right speedily, will be to demOnetiza
gold and substitute the single silver stand
ard, and gold will be boarded or exported
an held mt premium.
| can see how n man who contracted a
debt in 1873, when specie payments were re-
sumed, can apparently pay it with fewer
I'm
greatly diminished by the slurbancs OF
business by so great a chang, by the do
OF gold and Ihs loss Of
onfi lcnc: and credit, AMI perhaps,
by the prompt demand OF payment
by the creditor, or the extension OF
the debt only upon a stipulation to pay I'm
gold. This advantage to the debtO- is the
same that bankrupt kings and despots
exacted in Olden times when they debased
The coins of the realm or issued as money
or deprecated promises to pay,
m exped ent only justified in times of
national peril. when coin disappears from
circulation
Under strange leadership this scheme to
change the standard of value is pressed into
BUR state canvass 1 believe IL Is this result
Il a bargain between what Is called "the
rational executive silver committee" COM
BOSS ed of representatives of the great silver
mining corporations of the United states,
With some If the leaders OF the democratic
,arty. by which a portion of the profits
II these corporations is to b. in
-csted in this Ohio canvass to de-
eat the republican party, and especial
y so down John Sherman" on the issue OF
he free coinage of silver. AS for myself. is
5 a matter OF little Importance. have had
ONE experience in such contests before.
IN very will ng to abide by the Judgment Of
he people Of Ohio But what DO care for
} that the state of Ohio shall not in any way
e responsible for the adoption OF the policy
roposed by this combination. or for the
wills that will surely flow from it.