The Forrest City times., 1893-07-28

were carried out in good faith. the reverse of present conditions would result If has aoaeu to the currency of the country hearly l59 millions of dollars. If Secre- tarY Carlisle had not gone back on his record, and antagonized vast majority or ms party, the gain alluded to in Sec 3 would have amounted to millions. Be cause Harrison'S administration favored the holders of gold, is no reason that the present administration should do so, But to the gain anticipated by section 3.
 Asllver dollar contains 37l lf grains of pure silver, and enough cheap alloy to make 4l2 grains, or in other words the standard dollar either gold or silver is but nine-tenths fine. The gain arising from substituting cheap alloy of one-tenth the weight of the dollar, and rating the same all fine, is called seigniorage and goes to the government. 1 have no data to fix its amount. But there is another gain that would accrue to the government, amount Ing to millions. if the law had been hon. eStiy administered. which is as follows
 An ounce of silver contains 4s0 grains and has been worth about s5 cents on an average, during the time the law has been in force. The government pays S5 cents for 4S0 graiHS of silver. and puts 31i t4 grains into coin and stamps it one dol lar. and has 109 grains left. In other words the fiat of the government repre- sented by its stamps. has changed S cents into 100 cents, leaving a balance of l09 grams of silver. Gain so far 15 cents.
 Assuming that the quarter dollar is one fourth as heavy as a dollar, the govern ment puts 92 of the 109 grains of silver into quarter, leaving r grains still un- used, which will more than pay for the alloy. and cost of mnting the coins. Here there is gain of 40 cents, on every S5 cents paid out by the government, or fl per cent.
 The law went into effect on August IA, 1890, and has been in force 35 months. During which time 157, 1000. 900 ounces sil- yer has been purchased by the government. Gain accruing to the government 47 per cent, or S63, ,o0O ,000 in round numbers.
 Now suppose that the Sherman law is repealed, and the conspiracy to force us into a gold basis is successful. What then 2?
 First. The silver bullion in the treasury will be what Secretary Carlisle has char ttNhNliL iLSu its PupliO uCbos NOi tfiAtoo'
 Second. All obligations hereafter en- tered into will be payable in gold Many existing contracts, especially real estate mortgages, are payable in gold, or it's equivalent. With silver rated at its com mercial value. and used only as a com m0dty. Where is the gold to come from to pay the billions of indebtedness now due, and aceruing? 1 might ask the men of St. Francis, who are so unfortunate as to have good titles to their lands, barring the mortgage executed short time since where are yon going to get the gold to pay your interest, saying nothing of the prn- cipal?
 My friends. there is more in this silver question than most of you ever dreamed of. No wonder the Arkansas delegation are opposed to the proposed wholesale rob bery, covered up under the cry for the re- peal of the sherman law. Hold up their hands; write to them to stand against the crack of the post-whip, in the hands Of the eastern bosses.
 VIM MANNING.