The Magnolia gazette. [volume] (Magnolia, Miss.) 1872-current, 1892-07-09
THE SILVER QUESTION.
Facts for Laborers and Fsrmers--The
Gold Trust--Free Coinage a Good
Remedy.

st Louis Republic reporter, while !
on his way home from the Chicago |
conventol, had the following TO
say on the silver question, which
may not be devoid Of interest just
now to Gazette readers:
"Tht re are few salient features
of the silver question which would
like to state and which | wish
every farmer and laborer in
America would consider The Re
publican party in its national plat
form simply declared for bime-
tallism, the use of gold and silver
as money, and that the purchasing
and debtpaying power ofeach shall
be equal. All these conditions exist
to day III as broad sense as Re
publican legislation has provided
and as the sentiment of that party
will tolerate, and still the people
are oppressed. Here, for instance,
is silver dollar containing 31l4
grains of pure silver, coined tins
year of grace, which costs this
Government about 6S cents, aud
which is the equal Of any gold dol
lar on which it ever put its stamr.
1t is legal tender for debts pub
lie and private. 1t will buy ~
much wheat, as much cotton as
any other dollar of this Govern
meut, not because it really contains
4 /. IS all af Ia.
commercial bullion value, but
because the law of this country,
without the aid of any other, de-
clares that it shall be received as =
dollar, and because it bears the
Government stamp. Can any tan
gible r, ason be shown why ii
would not be as stable aud valu-
able dollar under free coinage?
s.The truth is, the most menac nc
and merciless of trusts Is the Gold
Trust. Al its b, heSts this Govern
ment in 1873 struck down one-half
the money metal OF the wolll and
to that extent contracted the basis
of banking and commerce IN TINS
country. The immediate and con-
tinuing effect was to make gold
the ba, is of all values and to en-
tail universal shrnkage in the
prices Of our staple products. The
twin monster of Republican gr' ell
high protective tariff and the
demonstration of siver-has
wrought direful results. The rob
ber tariff has increased the cost OF
nearly everything the farmer has
to buy, while the demOnetiz TO"
of silver has diminished the pr ce
OF everything he has to sell. Will
the Republican party, to maintain
this iniquitOus sys EN- OF false pr
tense, asselts that the tariff is de-
signed to protect American man-
ufactures and Amel lican wag :
workers against the pauper labor
of Europe, it aft ,rds neither pro-
lection nor JUS ice to the 81 yer
miners, most merltOrlous clas &,
who produce money substance
which is unlike any 0the~ pr 'an y,
amounting to over 10000, 400
ounces annually, which, AT tue
present price of silver, brings y,
the miners of this country less
than $54 900, 200, while tue fr :,
coinage of silver would make IN,
same product worth more than
$4,000, 900. 1t would put some
923 .OOO, 900 more into the pO kets
of the silver miners Of this country
annually, where it legltimately ann
m,ritori, uely belongs, and thus
add to the common wealth; and
who would 1t impovtrisht The
dollar would he none the less z
dollar. 1t woull stll purchase a
much as a gold or paper d' la ,
and it would pi event England from
purchasing our silver at very
large discount or at all for any less
price than the United States Gov :
ernment would coin it at AID using
1t to purchase Russian aud Indian
wheat and cotton.
"This opportunity being removed
would force England TO huy wheat
and cotton here and give onr far
mers new and natura, marke
for their products. Epgl4nd buys
silver ia this country at its bullion
value and disposes of il in India Al
its coin value, on a basis of fifteer
ounces of silver to one ounce 81
gold, while our standard is sixteen
ounces of silver to one ounce ri
gold. Fifteen ounces of silver are
worth as much in India as az
ounce OF gold. An ounce of gold ~
this country is worth $50 6I ;
fifteen ounces of silver costs III tbis
country at the present price. as }
see from the quotations in tn.
Republic of this morniag, Sl3 2 ,
being SO cents an nunc., giving
the Euglish purchaser a profit oi
more than 90 per crnt. On an in-
vestment, then, Of SIS 20 he pun
chases in India 500 81 worth o.
wheat or cotton, aud cin atf.'ri I
pay even more per pound aud mon
for freight aud still derive a.
enormous profit, whine the prodn
GERS Of wheat and cotton in ou