The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1891-07-25

|
Mexico and there are eight which re-
quirc II less amount aS compared with
gold. Another table taken from the
same report will show to all the effect
of the ratio upon silver rs Il circulating
medium. That table shows the amount
of silver i'll circulation in ten of the
countries given Us follows:
France. Observation-Disclosures. S7CO, ,OOO, 900
| Germany MISREPRESENTATION. 215, ,000, 900
| ItHly 6O,OOOr. }
SPAN :.................... ..... 125, ,CC) { 10
| Austria hungary. ............. 100000
| South America. a............... q, 1000, 900
| india Observation-Disclosures. 80. SOC, ,000, 900
Japan ............ 5OOOO.OC
| Mexico. .......... ......... 10000, 900
United States. Observation-Disclosures. 10000, COZ
1t Is here shown that in those colln-
tries where the ratio is the lowest the
circulation is the greatest and where the
ratio is the highest the circulation is the
lowest. France with low ratio and
free coinage has circulation of $780,
600, 900, India with the lowest ratio
has 5000, 100000. Japan with the
highest ratio has only $50, 900, 900.
Mexico is one of the richest in silver of
alI the countries of the world and j. one
of the most productive; il has only
$50, 900, 200 silver in circulation. This
can only be accounted for on the ground
that its silver dollar is too rich and is
carried away to other countries where
il is recoined ut Il profit. The United
States is the next on the list and IT can
not be presumed that any great portion
of silver will flow here from other
countries where it is more valuable.
Before | leave the subject of the rel
ative values of gold and silver, | will
refer again to the unfounded charge,
that the dollar of the United States is
deprecated one. The table given
showing the ratios in different coun-
tries, proves that the silver currency of
this country is richer in silver as com
pared to gold than any of the European
countries given. In all of them the
ratio is 15.5, except one, in which it is
lj.3. In the United States it is 1898,
giving this country more valuable
silver currency than any one in Europe.
| have now answered some of the
main objections to free coinage. The
reader will see that there is nothing in
them. They are the result of inter
cstcd effort to destroy one of the mon
ey metals, of the world. The desire
springs from personal motives, in
which the public interest is utterl,
ignored and swallowed up in selfish
interests.
Now why should there he free coin
age? This is the great question. First
for ihp that II l. cntInI 4.
currency, always good, and does no
iluctuate. 1t is the same in peace o
war. 1t is always dollar and is goot
for what il processes to be. On tn,
shores of the Atlantic, in the vallies o
the Mississippi, in the mountains of th'
west and on the golden shores of th
Pacific, it is the same. 1t is still
dollar. 1t does not require reserve,
. capital ut Washington to redeem it, t,
MAKE il good. 1t is good of itself.
Is 4 currency in which the people hav
confidence and of which they have nt
fear.
There should be free coinage for an
other reason. The circulation of cur
rcncy in the United States is no
enough to answer the demands o
trade, and is less than any of the grea
powers. The circulation in the Unite,
States, per capita, is $22 80. In En-
gland ii is $33. 90, in France 500 .0'
and in all other European cOuntrie
greater than it is here. England i
prosperous to much greater degre
than the United States. France, wit!
an enormous burden of debt, create,
r since the debt was made in this coun
try, has recovered from the terribl
effects of her war. She has free coin
, age, plenty of silver and her people ar
prosperous. IT the circulation her
was increased like France, ther
, would be prosperity instead of de
preston, such as now hangs over tn
, country. Business would be stimulate,
, and increased and would be more sat
5 isfactory. The agricultural interest
$ which is greater than any other, woul'
feel is effects. The mechanics an,
4 laborers, who form the bone and siney
| of the country, would enjoy its benefit
. and strikes would seldom occur.
There is yet another reason for fre
+ coinage. There is sentiment con
e nected with IL, apart nom the queStlO
of interest, that is deep seated in tn
American people. The governmen
e was organized after Il struggle wit
e tyranny and oppression. 1t was gov
ernment of the people, for the peopl
!, and intended to promote their welfar
$ and happiness. The great men, tn
T. patriots who formed it looked to tn
= interest of all, not to the few of an
l.. class. They established the currenc
Il of the country and made the silver do
Il lar the unit and standard of values
$ That dollar legalized by them in l79
g was carried freely by the governmel
4 until 1878. II has been well and ~
Il propriately termed the dollar of on
g daddics. Selfish interest for tim
:. struck it from the roll of existence, an
G tried to destroy it forever. But lik
+ the Ghost of Banco, il will not down
: The people want ii and ii will be br
4 Il short time until this old dollar {
: 1872 will have its former place in tn
business of the country, as il now ha
: in the affections OF the people. DC
4 signing men, looking to their own il
Il trreSt, may prevent if for Il short time
g but its eventual triumph will come.