The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-07-01

The price of silver bullion has moth
ing to do with the silver question. 1t
is easy to add some silver to the silver
dollar or to take some gold out OF the
gold dollar and even them up. 1t Is
whether to destroy one-half OF the Cir
culating medium OF the world for the
purpose of enhancing the value Of the
other half2 Now. this has to do with
the prices OF all commodities that are
bought and sold. whether houses or
lands. whether raw materials or man.
ufactured goods and all labor. On the
gold side are interested the owners OF
gold; on the silver side are interested
everybody else.
The smaller the volume of money
there is, the easier is 1t for the owners
OF 1t to rule the world.
There are great many men who do
not know what regulates prices.
Prices are regulated by supply and de,
mand. II the supply of any article oil
common use is suddenly stopped,
while the demand remains the same,
the price of that article will go up.
Again, II the demand for such article
is stopped while the supply continues
the same, Its price will go down..
II oil the mills in the country should
stop grinding Indian corn, the price oil
Indian meal would go up, because the
demand would remain the Same. while
the supply would cease. On the con
trary, the price OF the ungrouned corr
would fall for the demand would be
cut of. the supply being the same.
So as the Government OF India has
ceased to coin silver, the price oil
coined silver will go up, while as the
supply OF the uncoined bullion contin
uee the same, the price OF the bullion
necessarily falls.
This goes to show that the value Of
coined money Is not alwaye regulated
by that OF the bullion.
But let US look into this question
| little further. India Is silver coun
! try and has been absorbing about $40,
600, 200 every year. Now that demand
will not cease because Of the stoppagt
OF the mmts. etc.
Where is the supply Of coin to conn
from? Now is the opportunity OF tn
| United States to start all OF our mint
to going and supply this coin to India
1t would make market for silver am
raise the price of bullion. What's tn,
use OF letting Mexico do all the mint
ing for the world2 We are silver pro
dncing country, and the stupidity o
stopping our mints at this time Ia be
You'd belief.
They said that the suspension of sll
yer coinage In America was not tn
cause OF the fall In price OF silver
now you see that the suspension o
coinage In India has caused an imme
diate fall in the price Of silver bullion
And that is about what all their tall
Is worth. And again, India is silyel
country. having some thousands
Of millions of dollars distributed
among tho people, for they don't use
paper money, and do not hear OF any
panic ino failures in that country,
nor yet or Mexico. But in Australia
which is o gold country, the panic
and failures are ten times worse thai
in ours. Is that owing to the Sherman
law? So much tor their arguments
But the Sherman law is miechieye
GUS in that it enables them to exchange
Austrian silver Tor American gold.
There is no panic, but strinRenc,
in the money market produced by
their own wicked Vaccinations. They
induced Austria to adopt tho golt
STANDARD, and she wanted, all at once
one hundred and forty mlllions OF
gold So she had to get 1t from thost
nations which had gold. and that
why 1t has been exported from here
and panic there would have been hat
1t not been that we had the silver T.
| fall back upon. W. h QUISBY.