The Superior times. [volume] (Superior, Wis.) 1870-1912, 1891-09-05

49, ''''-''''-N- KNOW II rs the MphlnitV
tariff, is a wise public policy. or whether It
should be superseded by what is known as
"a tariff tor revenue only as embodied in
what Is known as the Mills bill.
Now propose, on this occasion. 10 contine
myself to frank and hOmely discussion
OF the money question. \ on all know that
the money in circulation in the nitcd
States Is good. good as gold. 1t viii pass
everywhere and buy As much as the same
amount OF any other money in the world.
Our money Is of many kinds gold. SILVER,
htckcl and copper are all coined into IN IN
cN. Then we have | nitcd States notes or
Grecnb3ckS. gold certificates. silver Certiti-
Gates, treasury notes and national bank
notes. dollar Of each Is as good as n dol
lar OF any other kind. All are as good as
gold. But-and here comes the first diff
Cuity-the silver III the silver dollar is not
worth rs much rs the gold in the gold dol
lar. ne nickel III the nickel piece is
worth bat Il small part of the cents
worth OF SILVER And the copper in the
cent Is not worth one-tifth the nickel IN a
o-ccnt piece. How then, YOU MAY ask, can
these CONS be made equal 10 each otncr2
! he answer Is that coinage Is Il govern
ment monopoly, and though the copper
III cents is not worth a nickel, and the
nickel IN twenty pieces is not worth Il
silver dollar and the silver in sixteen dol
lar pieces Is not worth sit in gold. vet. ~
the government CONS them and maintains
them At par with gold com, they are. for
All purposes, money equal to each other,
ana wherever they 90, even III foreign
countries, they are received and paid ont
as equivalents. The reason OF this is that
the government of the United States linn
It's the amount of all the coins to be is
sued except gold. which, being the most
valuable. is coined without limit If
coinage of all these metals was
free. and any holder of copper nickel
gn 4 4
coined, we would have no money bul copper
and nickel. b"cauSc they are the cheaper
metals, worth less than onc-fourth what,
as com. they purport To I've. For the same
reason. l! the coinage of silver was free at
the ratio of sixteen of silver To- one of
gold, no gold would be coined, because sin
teen oluCcS of silver are not worth one
ounce of gold. 4 holder of both gold and
silver would take his silver IA the mint
and get - Tor every 81 grains. He would
sell his gold IN the market or export II ana
get - per cent. more dollars Tor gold taan
he could at the mint. IS matter Of
course he would not take his gold To the
mint.
BY the act of 1890 Congress suspended
the coinage of silver dollars unless needed
for circulation. TO provide Il market for
our silver and for an Increase of currency
II directed the purchase of 4Jt0Ol.nM
ounces of fine silver each month, mIhing
yalu" andupon the security Of TINS to issue
le9ai-tCndrT treasury not !, for the fun
amount of the cost of the silver. thus Civ
ing Il stable mar!.ct for all and more than
the silver produced IN the United
States, and, at the same time. fur
nlShinG to the people an increase of
circulating money greater than the IN
crease of our populations This has already
advanced the value of our vast store OF
silver in the treasury. ii has given great
activity To the production of silver. II has
furnished an increase of circulation. It
has maintained the gold standard while
utilizing and berehting silver 10 the Ut
most extent short of dpm0nctlZInC gold. II
is the kew IN our CYatfud. almost prg-cmi-
nent. standing III con, mcrCial credit aud
national honor among the nations OF the
world. II trrdlS both silver and gold, like
all other commodities Ur productions. rs
subject Ia the uniyCrS2lrulc of being worth
what they will bring III the markets of the
world. This is the Republican doctrine
now proclaimed III our phip platform.
Our Democratic lrlenns differ from us in
this particular; They are III favor Of nj
lowing any holder nf silver bullion, for
Cign or domestic. any old SlVcrWarc or
melted teapot. any part of the vast aC-
cumulatcd hoard of silver in India. China,
South America and other countries of the
world. estimated by statiSticanS 10 he
S..Sl0.5Il.3ff In present it to the nItcd
States and demand 4 ot our money, or
our promises 10 pay money. for 81 grains
of silver. or any multiple of that sum.
though this amount Of silver is now worth
only - cents and has for period of wears
heen as low aS ~ cents. If with free
silver We receive only the quantity ut sill
yer we are required n purchase hy existing
law. the InItrd States would pay over
SI3.0N000 4 year more thar # purchased
at the market value. and this vast sum
would he paid annually as E0unty to the
producers of silver bullion.
But this Is not the worst of u. Free
coinage means that we shall purchase, not
merely f,50i,UW ounces a month, but all
tine silver that is offered, come from where
il may. II presented IN quantities of 100
ounces at time. We are to give to tn"
holder either com or treasury notes, II his
OptiOn, at the rate ui 81 for rNtrT al
grains, now worth IN the market IL cents.
Who can estimate the untold hpIrds Of sil
yCT that will come INTO tn" treasury If tins
policy is adopted" a II of tins VIII he rep
resented byUur treasury notes an increase
of the national dent.
Hut II is sand that free coinage VIII not
hay" the effect | nave stated: that the NIl-
yer IN sight Is so occupied where il is that
Ii VIII not como to us. They Sald The Sabi"
when the present law was passed, that tor
eign silver would not come 10 u>. lcf our
purchase OF i.1@h.0D0 ounces. troy wei hi.
or ~. tons Of silver 4 month al mar&"t
price brought into the United states i.U-c
amounts OF silver from all parts oi Itla
world.
Bat tHcy say with free coinage the price
of silver will rise 10 It's old ratio with g0'd
The rXpcrlcn rc of al the world bchrs tAlS
state acnt. I'm no country IN the world
where free cnlHa-" exists IS sixteen ounces
Of silver equal to one ounce OF gold. inc
Mexican dollar contains more silver than
the American dollar, and vet the NcXi"an
dollar iS worth about IL cents because in