The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1892-03-25
NO. D.

withdrawal from the market Of SO
much silver gives encouragement and
protection to the producers of that ar
ticle; and, second, that it creates a
currency for public use, made legal
tender for the payment OF debts aud
good sor domestic trade and uoIc use
But are these good reasoas2 Why
should the government thus create an
extraordinary demand for one particI-
lar product of industry, aad give TO
that product an advantage over every
other of equal merit u1d impor-aucc2'
II Mr.. Coe was one OF tus llrga and
rapidly growing class who bclicvc that
money should Ge "a promise 10 receive for
all de bts, public and private, rather than
promise 10 pay -gold-or any other
"one particular prsiuSt OF industry
why, then, we could appreciate the M
spiratioH that prom ptei the above lau-
guage. Bat when IL is remembered
that Mr. Coo is what we nsaphisti-
Gated vcsterners call a 'Eo!d-bug or
'goldite," who wants TO see the money
OF tho nation rest ictcd to u gold basis,
what disingsnuous ingenuity is here
displayed iu this his effort 10 utilize
righteous sentiment OF condemnation
to bolster up the very evil coudemuoo2
Why is Mr.. Coo and his il!S unwilling
to even partially accord To- silver the
''advautags' given TO gold over cvcry
other (productl of equat merit aud iu-
artificial market price which is tho re-
suit Of its free coinage privileges and
vet complain because of the slightly i'm
creased value given O. silver by the
law of 1902 I know, of course. what
Mr. Cole will answer. lie will say
that gold has an in;rnsic.tD or
commercial value equal 90 its money
or coinage value. To this 7 an
swer that such com mercial value is
the result and not the cause Of its
money value. I further answer that
had gold been treated by the nations
of the world as silver has been treated
for the past eighteen years, It's COM
mercial value would be but moiety
OF its present prlco- also assert that
II silver were accorded, as is gold, the
privilege OF free coinage, every
ounce OF silver produced would be
worth or co umund its coinage value
The Uule-uay, uw-EoverniuE tho
case is this; II the total product OF any
metal, be IL gold. silver. brass or cop
per, is used IN the arts and col Ied into
money Gree coinage beiag accord ed
to all not needed ia the urtsl ths total
pr duct will take TO itself thc money
or coinage value given 70 IL by the nat
law. The proof of the rule and tho
reason for its being IS found in tho
answer to this question. Would there
be found any person so foolish as to ac-
amount of metal as by taking 20 tha
mint would be freely coiucI Into "a
dollar coin? Echo answer: Would
thercP
But it is not the enhanced price OF
silver the goIdites fear. Oh, no. Free
coinage OF silver would not as they
contend, drive gold out OF the country
on account Of silver being tho cheaper
money. No, iudeedi Free coinage OF
silver would cheaper gold money by
iesseniug its purchasing poWeE Every
addition made to the circulating
medium, or legal tender money of "a
nation. lessons the money value or pur-
chasing power of each aud every unit
] Of account composing the volume Of
such money. This fact is the cause OF
Mr.. Goes solicituda- The misses OF
the people care nothing about tA" inc
triasic t~icj or commercial value OF tho
material upon which money is stamped
| or coined, SO that each dollar or uuiJ
7 of account is full legal tender and pos
T scsscs ala the legal attributes bsluu--
ing To money. The IrcasurY notes OF
1890 are. as SIR. Coe says full legal
tcLdcr money t"eNcepL where other
wise expressly stipuiatedJ and tho
monthly issue of more than $1,000, ,uJ0
has a tendency tD raise the price uf
labor and It's products aud re tore TO-
land O. portion of the value stolen ErolI
10 by the crime of l~-E
Mr.. C1- says, In conclusion. There
. is evidently "a marked ca su Ee in- pub is
sentiment upon this Important subject,
which has 80 FAR proEre-ss IhdE
neither OF the great political part cs
~ ili venture 70 uvOw itself distinctly =
F ia favor Of the act in question, or Co as
sume iL as party measure for tho
/ future Is h. not, there Tore, safe Hs
I policy and timely in principle now
{ promptly TO meet the issue, while so
/ many favorable cguGIt Itiuu- exist. by re
/ peaIin- the laws and after that. 90 cIu-
slider how the great mass OF silver ale
ready purchased can bs disposed OF
+ with the least Injury To al. interests ia.
+ volvcd iu it9'
7 II there has becl "a "mgrizr.I change
in publ zeutime1t' such change has
| been favorable % silver as "a money
metal T. is not that people hate t4o
. present law less but rather chat they
love free coinage better. The two
/ great political parties" like Byron.
/ "would be happy with either were
/ tOther dear GARNER away" They
/ know that the masses OF the voters fi,.,
mand free coInagas and thnV arc
I aware that Wall street will cndsuvor
20 defeat any party that declares for
, that measure
I The people are ready for the issue
4 which can never be disposed OF except
] by placing gold and silver upo1 terms
. of equal parity aud equality befors the
] lsw-eithcr by the ful remouetizatiou
of silver and its admission 20 coinage
Z privilege upon equal terms with gold
I or else by ths dcmouetizatioE of gold
I and its treatment as silver is now being
I treated Millions OF voters prefer the
I latter alternative A pr1misc G. receive
upon the part OF the people, severn ~
/ End collectively, is the essence Of legal
f tender-stamped upon pa per % would be
I the ideal money OF civilization For
/ eiga nations ace pit our metal coins by
/ weight only. as they do our wheat aDI
] cotton, while |c heavily discount uur
/ trade dol ars and MeNico's do,lars, u'-
7 though they weigh much more than
| the legal tender silver dollars we ex-
change for them The money value Of
] units OF account e., their purchasing
powers governed by the volume
| Of units in circulation ia couiun ti pa
with the volume of products offered
! for exchange Hence there is no Eg-h
Z factor as q stable, iEvariIbis unit
OF value. A gold dollar f. ,rortl
/ a bushsl Of wheat to-day -to-morrovy