The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1892-04-30
II OF 1T.

coinage with several very important
"ifs" and conditions. They want the
world to unite with them. They want
q oon1mission to decide if there is any
FsaSpAfity between the values of silver
and gold upon existing monetary ratios,
and to patch silver up if there is any.
To do this, in cas- silver is of the les
ser value, they would recommend that
enough silver be added to the silver
dollar to make its bullion value equal
to a coined gold dollar. If these fellows
had declared in favor of monometal-
lism outright, they would have nierited
respect, at least, for their candor. As
it is, they are only to be despised for
their hypocrisy.
There never was a time when for
twenty-five years there existed an. exact
parity of the value of the metals con-
tanned in a SILVER and a gold dollar.
In 1889 the silver dollar of 4I6 grains,
standard, was the exact equivalent of
the gold dollar of 25.5 grains of gold,
standard. Hence the first coinage law,
making the silver dollar the unit of
values, provided for the coinage of gold
and silver upon this ratio.
This ratio was maintained until
1887, but not the parity Gold was at
a chronic discount. 1t being deemed
unjust to the debtor classes, as we'll as
Impracticable, to increase the value of
the gold dollar, the silver dollar was
reduced from 416 to 412h grains,
where it remained until the republican
crime of silver decentralization IN 1878.
But while the exact parity of gold
and silver on the ratio of 49, toll,
has never, since its establishment been
maintained, the fiat of law has kept
them so securely together that no one
has ever suffered from the disparity.
Even to-day, while silver, legislated
against by parliament, reichstag and
congress; talked down by money kings
and gold monometallists; written
against by hired attorneys and self
STYLED political economists. until the
bullion value of q silver dollar is only
about sixty-five cents, the silver dol
lay buys as much sugar, as much
coffee, as much of ANYTHING the moor
man needs .s Ito more ar;stoor.,;c
--,,A k...L.. ~ - u-.-.u
soiueiS oioi. w. WIN al 'heir 'aiA
about 2 cheap dollar, a dol
lar a dollar there is not one
Oh all ns hirea' h~ook-nosed' aVaricious
aetractofs VINO VIII loan you ten SILVER
dollars and take in payment of the loan
nine dollars and ninety-iye cents in
Gold.
Then wbv all this ;nferno, noise
about denrec;ated silver monavp
Raron Rotbsc6,ta one Of the most
on,;nar. snono;ors 90 a,ao.oonth
oon.,., :.
s.TIo o;..1 1~-o 90
.sthe two precious metals is salts
''factory and gives rise to no com
.piaihe "hetner goio OF siiVer uon-
..trna that tha tma ma,a7s oaaonr ~
"gether in forming the monetary cir
''culation of the world, and it is the
.sehe,al mass Oh Inc TWO metais com.
,,tha va,na 80 - TS aans".aas;on
..of silver would amount to a yeritable
s'destruction of values without any
compensation"
M. Rouland, governor of the Bank
OF France, says:
awe have not to do with ideal theo-
"ries. u Two monies (goiu aho Sill
..,ka - 10y N~o;o.a~
sanatar recalls ,,,;nn h;s ,rra.,
snaaoh - ill., oo;..Aa -. un;.oa
CO.., .o.a.o - p.ha..u. 100, ho,d
!. Ia IL. -. ..o.;..,,o :,
tha .;n,a 80 I,,,,s ca,..r ,on oa,,