The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-02-22
written by MIR, w. A.. Hauser. OF Brooks
Vile. Fla, n Veteran of -Four
SCORE Years.

A Large majority of the southern and
vester, people are undoubtedly in favor of
tho unlimited coinage OF silver. because
thew believe that more money is needed to
satisfy their wants in business and COM
Right you are in saving:
'.The minis of the United States are
operated at the expense of the whole peo-
pie, therefore they should be operated for
the benefit Of the people. II, ON account OF
a difference between the market value OF
the bullion and the legal value Of the coin.
there is q seiRniorsge, or gain in the pro-
have the bsne fit Of 1t; and If, as in the case
Of gold ut the present time. there is NO diff
the holder of the bullion, who
wants it conve rted into coin, should be
required to pay at least enough TO defray
the expenses of the operation. The great
mass of the people neither own bullion,
nor metal requiring silver coinage. so that
ths provisions of tho house bill WAS not a
for their benefit. but for the ex-
elusive benefit of q few bullion dealers and
mining companies. Ny position is briefly
this: / am opposed to free coinage OF
either gold or silver. but in favor of an
limited coinage OF both metals upon terms
of exact equality
As long as a free coinage OF gold bullion
Ia permitted 10 the miners and spectators
our farmers have as just q right to claim
that the government should furnish them
free transportation to the markets for
their wheat and other products.
An to the seventh section Of the demo- /!
cratic platform demanding that the dollar
unit of coinage of gold and silver be of in
trinsic and e~1ohangsable value. it Of course
refers to the market value. as each metal
has a value peculiar and apart from the
other, and NO two persons might agree as to
their intrinsic value. AS soon as a law is
passed putting silver on the same basis as
pold, making the coinage free and without
limit, then and not until then, will 371l4
grains Of pure silver be equal in value TO
Q % grains Of pure gold, or ono dollar. Ii
the owner Of silver bullion can go to the
mint and get one dollar for 37114 grains.
sr a less sum for it than one dollar.
Is 10 a self-evldent fact to the most OBJ
fuse, and no number of words, circumlocu-
ton or argument can make ii clearer or
moro patsnt-that unlimited coinage is the
way and the only way to restore silver to
the fluctuations in silver bullion and to
keep it Uniform In price with gold. One of
the necessities in all civilized governments
is the use Of money in trade and commerce.,
and whether ths money be shells. wamrum,
tobacco. gold or silver, its value to some e1-
XGUE Wuhb IIOu1 Il V0Cbulby u IL q 10
arbitrarily freddy the government-that
ia, the value of each as money. or number
of grains Is ordered without regard to the
exact value of either or the exact ratios of
value TO each other. And when our gov
sfnmsnt decreed that 412H grains of silver
with its alloy should be as good as or equal
TO one dollar. and that 25.S grains of gold
should also be equal TO one dollar, ii was
60 far Eat money. And when it further
ordered that when it coined these grains of
either metal into dollars. they hou be
received in payment of all public and pri-
vate dues and debts. it made the one metal
as current and valuable as the other, and
will continue so.
1t may be significantly asked what right
eous complaint has she owner of one of
these coined silver dollars to make, either
against the governments or the money. be-
cause the bullion i'll it coat the government
but GO cents or less than one dollar. He
got its full value, as much as ii it had been
gold, when he took it, and ne will not part
with it, even for q gold one. unless he re-
ceives the equivalent of one dollar. No
one Ia injured by the depreciation in silver
bullion except the owner Of ii, and the use
of the silver dollar at par value and then
damninR it az a fraud, a cheat and swindle
because the government paid but 60 cents
for 1t are only part Of tho cheap elaptrap,
mouthinQs and Madness Of tho few eastern
bondholders, Wall street millionaires an d
their tools and allies, who tren,bie lest
their bonds will not be paid in gold or tina,
money will became too cheap outside OF
the marrow strip of territory in which they
are now 30 nolsy.
It must be apparent to every person, tina.
SO long as silver bullion is denied unlimited
coinage or placed on the same basis as gold,
it will continue to be an article of mer-
chand!se and fluctuats in price according
to tho laws of supply and demand. AnG
the remedy is to be found by our over
taxed (?) statesmen in congress and no. il
Brussels.
1t must also be adrritted that il the con
ditiena Of gold and silver were reversed an
unlimited coinage denied the former, the
it would fuotuate exactly as silver has done
Up 10 the year 1873 when silver WAS demon
etized. the two metals went hand in hanc
pari passu, of equal value and served We
the purposes of their Introduction into tn
world of barter and trade and they will d
80 again and continue so whom placed o
an equal footing.
My contention is. that II the governmer
puts more grains of silver in the dollar,
will not modify or prevent the t1uotuatiC
in the price of bullion in the markets unit
the unlimited coinage Is allowed il. Al
when that il lone the Sherman law r
curing the government to buy $500
ounces OF silver per month can be readl
repealed.
II can be safely assumed that the nome.
SILVER coinage Is placed on an equhl IoCall
with gold In its nintage that silver bulli,
will the same instant mount up in pr
and 3714 grains of it will be worth 81 al
bring it. In that case all the silver bullit
produced in this country will remain he
te be converted into money, and the lar
flow of it which is going and has been SC
to London for sale, will stop unless Lond'
spectators offer more than 81 for 81
grains. After that, it Ia n question of :
future, where or from what country Lo
don merchants will get their full supply
silver bullion. and so will it be on the &C
tinent OF Europe and India and Chm
where silver only is used.
l do not see wherein we would suffer
jury if all the gold and silver of the wo,
were brought here to invest in busine
We would be that much richer, and the
the Others, the poorer; nor Is it clear to I
mind that if Germany or any foreign in,
vidnal brought large quantities of sill,
bullion that we should object.
The immigrants who come with mon
add that much to our wealth, and they
wanted. l take it for granted that no /
for unlimited coinage will ever be pass
by congress without requiring the own,
of both gold and silver bullion to psy
the costs and charges of mintage. 1t see
that no foreign country could with profit
itself bring its surplus silver here to