Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-02-09
FREE COINAGE MOVEMENT.

FREE COINAGE MOVEMENT.
Editor Desert Aops:
An able correspondent initiated
II. ID. j., writes on tue above question
In your issue Of the eth inst, aud CONF
ments on an editorial OF yours Of
Thursday.
II. ID. J. In his first paragraph says,
"a do not propose TO offer arguments on
the suhJoct-lhat il unnecessary"
On tina, point we are agreed. Beliefs
are not facts. Asymptotos arc not
curves. Sentiments are not argu.
ments.
The next paragraph says: "fhefe Is
not enough money In circulation In
the United States" readily admit
there Is demand for larger circula.
ting medium; bu, that Is an entirely
different subject from the free coinage
Of silver. There N u demand for
capital at the present time, but un.
fortunately. 1 have not heard OF It's
free distribution. Hundreds OF me.
yhauics Ia tnis city are Idle; tue
industries arc not active. Again, II II
not h fact that ~ the circulating me
dium We have Ia this country seventy.
five per cent OF the actual money Is
held by government bankers aud large
capitalists? invariable anteccdcnce,
invariable sequence. Is there a law
written or implied-that prohibits n
repetltionr
n. ID. J speaks Of silver being legal
tender until 1874. At that time lid
not know there was such county as
the United states, but three yean
afterwards ] had occasion to study the
silver question, and at that time settled
the matter for myself, and laid II on
the "shelf;n and from that time 10 the
present have not written, read or
thought on the subject. True, | have
glanced at n few leaders In the Tribune
during the past twelve months, since
have beou In this city, and they have
had o tendency 10 strengthen my con.
illusions Of 1875.
The Evening Pos. says "SJ millions
In gold have left the United States In
Ave months.
Whilst writing tho nhove, John
Chlnaman brought my washing to my
bachelor quarters, wrapped In New
York Tribune u 2slh January last, In
which the specie and bullion exports
and imports TOT the month Of December
were given;
Imports '''s'ss''ss''s'.'....''.... Nflssii
IAtprtH iNlts1
~ months Imports ending Deccm'
hcr, lsNi as.s.ss.....sss.s.......ss h.lAlfAi
six months eNrofls tnding Dccrm'
Der, lsn 8ssss,.s .r,Ao US
one years Imports ending December,
! iitss...,ss..s. s..,,ss....ssss.s..... il,ailii
| one years exports ending December,
| l0's's'''''' 's''sss's'''s''''''''s''' op,1'Blo
The New York Ti5uno says the above
~ the government report aud Is dated
nth January, noon. "Silver has been
money all over the world for centur-
| ies.n Numlsmatlsts know that copper
and bronze are our oldest coins.
II. ID. j. writes In his last paragraph
but one as follows
~ have never yet been able 10 see
why II il the duty Of the United States
10 look 10 Othergoyernmcnts for n policy
In regard 10 the kind " money We use.
| We are nj least old enough, aud hope
wise enough, TO know whnt we require
~ n circulating medium, aud think
| We ohkut hut W 10 u'Ituuout upon
other Countries for dictation In the
matter. Let us make such money IA
We want, and II foreign people do not
want It let US keep Il at home"
II this country mad no commercial
relations with any other country, then,
perhaps, n silver standard would do %
well M u gold standard. Ostrirh-like,
would 1t be wisdom for M
TO thrust our head into the
sandg Snail.llke, do we think
our house the world? An Indian
agent In Canada would often exclaim
when suffering from double vision, the
result OF frequent excursions 10 his
pocket.stOve, 81 am The government,
| anl Mo government" The panic OF
last November, II II taught us anything,
taught us most Enthusiastically the ex-
lstence Of the closest tie between
mother and son. The ether nations
with whom we deal have adopted gold
as their standard, but principal mer.
chants have TO pay In gold for their
goods;our railroad companies and other
corporations have agreed TO pay their
bonds, their coupons and their inter.
est In gold.
| What IL free coinage Of silver?
| take II that any man under free
coinage can take 4l2l grains OF silver
300 fine TO any U. 5. mint, and have a
silver dollar coined thcrefrom. Silver
1000 fine Is worth only In the market
OF today's quotation 81 per ounce OF is0
grains; il2l grains OF silver 200 fine
IL not worth In the open market more
than " cents. Everybody would he
anxious TO sell TO the u. S. Government
so cents worth Of silver for one dollar.
Everybody, | said; but the word Il too
comprehensive; our Western senators,
such Is their love OF country, such Il
their patriotism, their answering de.
votlon TO do only the right, they would
sell only $50 grains Of silver 1000
iine ior one dollarl They simply go to
Washington for thelr--health. Buy.
Ing silver for 50 cents and selling for
100 cents Is no speculation under free
coinage but the profits are "a certain
as the members VI the late silver pool
found 1t 10 be when buying silver from
N1 10 luH ppuia mud aalilun1 a. f...., t1r