The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1892-03-12

would give to each man, woman and
child exactly seventeen and two-tcnths
cents. The amount distributed to this
country would be 81, 74S,OOO, provid-
ed it received its proportion.
From the LIST day of january to the
goth day of February, 1892, the expor-
tation of gold from this country to
Europe was $115, 0OO, 900, nearly ten
times as much as the annual gold in
crease would be under gold monomet-
allism. How long before this country
would become the bonded slave of the
European money powerP Gold mono
metallism would so initiate the value of
money that it would soon take four
bushels of wheat to buy q dollar. A
horse that now sells for one hundred
dollars would net bring twenty-five and
labor would go begging at less than
fifty cents a day.
Gold would soon almost totally dis
appear from circulation, and the sole
dependence for an exchange medium
would be on the issue banks. The
money these would put in circulation
would either be as dear as gold or
would suffer a ruinOus depreciation.
On the contrary, should this country
adopt silver monometallism, a very
different condition would come topass.
Sage writers upon the money ques-
ton inform us that the passage of q
free silver coinage bill would be the
signal for all European nations to ship
all their silver at once to this country.
These nations own about 81, l00, 000,-
900 worth of silver. In this country
we have 1886 1856 ,272 worth of gold.
As we would only take Europe's silver
at its commodity value, the amount of
money we would coin out of the silver
exchanged for IL gold would be
1896, 1Sl, 1896, q gain to this country of
$19S, 1876 ,42l. But Europe would still
have $503, 613, 72S worth of silver on
hand. This she would have to ex-
change for u surplus corn, wheat,
meat and cotton, a trade We would
hardly demur to. This silver being
coined into American dollars would
yield us $671,4S4 $40. We already
have $4s6, 776, 1888 of silver on hand.
This added to what we would receive
from Europe would give us a total
metal circulating medium of $780,
443,548 Ga per capita of S31.50) as
against the $1,Os3, 1853, l55 gold and
silver we have now.
''But'' says Banker Timid, ''how
about paying our bonds and settling
our foreign b%alancesp"
No trouble in the world about that.
By the act of July 18th, 1870, every
bond issued to fund the national debt
was made payable in coin, either gold
or silver. The infamous crime of sill
YER demonstration did not abrocate
that act nor change the obligation.
Our public debt is payable in silver
dollars of 412H grains standard sill
yer, and should be so paid whether
the bondholder likes it or not.
As for our balances with Europe.
Let Europe do the groaning owe that.
Balances are in our favor generally
and Europe would be compelled TO
buy silver at a premium in order TO
discharge her obligations to us.
Rut don't be uneasy about silver
recommendation in this country, as long
as our exports exceed our imports and
as long as our silver output exceeds
$40, 000, 900 annually. When we open
our minis to the free coinage of
the worlds silver, all Europe will fol-
low suit in sheer self defense. To not
do SO would be to invite riot, wreck
and ruin.