Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1892-03-28
FREE COINAGE.

ton to the matter of free coinage do
not seem to understand what it is
and the dangers that would attend
such result. The project is simply
to compel the United States, through
the minis, to coin into legal tender
| silver dollars, all the silver in this
country-in the world really-which
shall be offered for coinage, provided
it is offered in sums of 800 and up
wards. Inasmuch as the weight Of
the coin is not to be increased, the
owner of the silver would receive $1.00
in a cash coin for every seventy cents
worth of silver he owns. If this was
all there could be to the matter, the
bill would be of immense value to the
silver interests the world over. Sill
yer bullion, silver mining stock and
every interest dependent on the
same would be doomed, to use that
slang phrase, more than 40 per cent.
Hence the almost frantic effort to
push the bill through congress. When
it is known that many men IN con-
gress have their fortunes, some of
them their millions, in silver mining
stock. and that thousands of others
all through the country are owners
of these stocks, it is easy to see why
there is a seeming demand for the
law 1t cannot be known how many
shares of this sort Of stock are held,
as was the Credit Mobelier stock,
''where it will do the most good" or
how wide the influence of this i'm
mense pecuniary interest extends.
The disadvantage of the thing is
not SO easy to explain to one who has
been made to believe that SO called
free silver means free or freer silver to
him; that is, that the coming Of an
immense amount of silver would in
some way fill his pockets with the sill
yer metal and make times better with
him. 1t will be readily understood
that the owner of silver, or silver bull
lion transmitted into coin will never
part with the same, except for con-
sideration. This may be in grain, in
meat stock, in wool or other farm
products, in labor, or any other class
of property. But the producer can
ton already immense, almost beyond
computation, will grow so large as to
break down by it's own weight
and immensely. The silver will
pass at a discount at home, to fall
eventually to it's simple commercial
value. The principle involved of COM
pelling government to bolster up sill
yer by legislative fat, is not at all diff
ferent than it would be to declare that
pound of copper is worth % cents,
and that when coined, without cost
by government, a pound of this ma
terial should pass for twenty five
cents. So it might be said of lead or
any other stuff that government, thro'
the heresy of a set of wicked and idi-
otto men, might designate as money,a
thing whose value a certain imprint
might fix The difficulty is that the
people of this country can not be
hoodwinked by the silver fallacy for
ever.
now purchase with his products, sill
yer if he cares to, or what is better
gold. So long as government is
solvent every sort Of government OBJ
legation, payable in gold, is good at |
it's face value for gold. Gold is the /
worlds standard of values and is in
trinsically worth, the world over,
just what it purports to be. There is
no power on earth that can depreci
ate it's value. On the other hand sill
yer is commodity of f1uctuating
value, dependent on dozen causes,
more or less, either one of which will
raise or depreciate it's value. Silver
coin, such as we are using here in
dollars, will not pass in the worlds
market at it's face value, and there is no
government and no man outside of the /
United States, who either will take, or
can be compelled to take an American
silver dollar at it's face value, as we
count it. By and by, as the accumula-
Scan it be pssible? Are you entirely sure of
suffering humanity I'll repeat it:-ssDr. Bulbs |
Cough Syrup will the worst cold. Buy it.
Try it,
Il FULLER BOOM.
The attitude of many of the leading
IL L, ~ L.