The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-08-14
From ,hs National Executive silver connissss-
FACTS ABOUT SILVER.


lAS4o ADOAA Slkv E0s
THE BLAND ACT.
81. The oct OF February 20th, 1879,
commonly known Is the Bland oct, re-
stored the silver dollar to full legsl ten
der, but insiesd Of restoring free coin
age provided for the purchase Of silver
bullion BY the Government q iss market
price. and the coinsge OF not less than
&2,0OOO0O nor more than $4,000 600
worth each month. Certificates 10 de-
nominations OF ones, twos, fives, and
multiples OF i've were issued under this
act on the deposit Of silver dolIsrs in
the Treasury. Hence. when the certif-
Gates are out the coin ID always In the
Treasury, and when the coin is out the
lcertificates are In but both can never
be out At the same time. The same IL
true OF gold certificates.
!! There was coined under the Bland act.
from February, 1878. 10 the passage Of
the act Of July l4th. 1890. about $780,
600 COO.
4 Under the act Of July 18th. 1880. there
have been coined 10 April Ist, 1891,
about $l6.OO0.oOO. making . little less
than $4OU OOOOO0 OF silver dollars alto
gether. with about s50,0O000O Of SUBJ
sidiary silver.
| THE ACT or JULY IA. 1890.
| 90. By the act OF July IL. 1890, the
Secretary Of the Treasury Was author
lied and required to purchase each
month, ct its market price. $50 O0
Iounces Of silver, and issue therefor
Treasury notes redeemable in coin.
lConseQuently, under this act. notes 70
1.-The amount Of the market value Of the
Isilver purchased are added TO the vol
Iume OF money. II silver il worth one
dollar an ounce. then $4,000 900 year
would be added to our currency. II
lsilver costs more than dollar an ounce,
Then more than $54 100000 would be
added; but il silver costs less than Z
dollar an ounce, then the increase Of the
money volume would be less than $54,'
100000.
VI FREE COINAGE NOT A PURCHASE.
%. Under free coinage the Govern
Iment does not purchase the silver OF sh'
lRold. II simply receives the bullion .
1.-THE mint, sees thst II 10 brought to th'
Iproper standard Of fneness for coins
land II The bullion requires to be refines
1.-THE Government makes : charge eQua
Ito the cost OF bringing the metal 70 stand
lard 6neness-thst IL, uine-tenths fLne
..lThen the Government puts its stamp o.
leach piece and surns The coin over 10 th
lsIdoposilor. and that u all there 10 70 II
IOr. she 0ovssumeat nay q once dsltve
Ito The deposisor coins log The bullion
lie bee the coins o. hand; but the Gov
IorDOeot ID 20 proper oe1oo o0der IRE
4 I~>t~>~~ k~s~~~ 80 kr>rlf<>m 49, Ar>oo fe ~
- qIcomo the owner Of iG It belongs. N
Ithe coins made from Il belong, 20 The d
= positor. Separate provision. howeve
has been made on account Of the create
- lconvenienc- Of : paper circulation. q
1.-The issue OF notes, dollar for dollar, 4
1.-The coin or bullion, which, in that cas
1.-The Government holds In trust for VIII
lever holds the notes or certificates.
Twill YREE COINAGE DRIVE OUT COLI
"a. Il Il claimed that free coinage
Z, the United States will immediately exp
Iall our gold.
= In the first place II is admitted that
- purely metallic money becomes distri
Iuted among the various commercial q
ltions in proportion 10 their trade; sli
.ss- that I currency part coin and part Pep
co.. -Iconvertible into coin, obeys the 81
]. laws g to distribution, that governs
N purely metallic money; but IN the iat'
. lcase only the metallic part passes fro
n country 70 country.
VOLUME or MONEY.
- IS. The United States q this time
volume OF money Of about 81, SOC. 90
lOOO, consisting Of, say:
IGo,a ssoo,OoO(
ssdlSilver, 4cO,0uOt
n, p. Paper, 45opOs
Total. el.5OOOO0t
This volume, under the law sta'
above, falls to ne as our disiriout
w lehare OF the worlds money, and is
= Necessary TO maintain IN equilibrium
|prices with the rest of the world. IL
Ibid not have this volume. prices Wo'
|be lower here than abroad, and mot
would come here till the general le
sac was restored.
.. IS. Therefore, all our gold can Be
80 lpelled only By At once substituting 90
Iother money. dollar for dollar, for
lgoId. Moreover, We require annual
Iss shown before, $4,000 COO o. .
Imoney to supply increasing populsti
Isnd Tor some time, cay t3s.0O0.OO
wear, to take the place Of bank notes
Tired, IN order to prevent contraction.
Now, where Il the silver TO co
". Iron, for the 60O,O0O.Oc0, 10 take
place Of gold. besides supplying the ;
I0O0,O0O needed 70 prevent contraction
~ DISTRIBUTION on SILVER.
81. The annual production Of I'll
s.nylhss been already stated. The follow
s,,sa. \ "a table shows how this has hereto'
~ been distributed:
linda, sSo'uV
IA. l,The United States for coin
age purposes, 1u