The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1893-07-27

This demonstrates to everyone where
the farmer Of this country ought to
stand.
Now let us proceed to investigate the
favorite argument of our gold bug. OF
course while there can be no doubt as
to the stormy, vehement language of our
opponents, yet it is matter of no easy
determination to discover just where
ssthey are at" In one breath they
earnestly claim, under free image the
government will be obliged to pay the
silver miner full dollar for 80 cents
worth of silver. In the next they assert
with equal assurance that the effect will
be to degrade our currency to an 8O-cent
dollar basis. These two propositions
are directly opposite to each other. The
only way by which the miner can pro-
cure dollar for 80 cents worth of silver
is by raising his bullion to par-to 51.29
When the bullion is at par the dollar
must also be at par and the 80-cent
dollar, which haunts the dreams Of our
opponents will be thing of the past.
Again it is declared that free coinage
will make the United States dumping
ground for all the cheap silver Of the
world, and then with their customary
inconsistency it is argued that gold will
rise to premium, retire from circulation
and we shall find ourselves on silver
basis with currency limited in amount
and deprecated in value. Now, think Of
1t! They assume an initiation of the
currency and contraction at the same
time; they assume deprecated dollar
with shrinking volume of currency, a
thing which never occurred in the fnan-
clal world and totally opposed to all
recognized principles of economy. 1t is
just as impossible to diminish the VOL
ume Of money and thus depreciate the
dollar as it is to reduce the supply of
corn and thereby cheaper it, If there
are vast boards of silver ready to be
thrown into our mints the minute we
coin silver free and unlimited, it will
certainly not cause contraction. IT there
are no such boards, then there is nothing
to send gold into retirement and again
the contraction theory proves failure
A decided case of contradictory logic
There is not the least danger of an
inundation of silver, for silvfr L in Europe
is not available for this purpose.
France controls 500, 100000, with which
she will not part.
AS to the ability Of the United States
to maintain bi-metallism, / need only
quote the argument of Mr.. Humberl, a
very sound tinancier: "This country
has more valuable but nnproductive
land than any single nation; this country
has plenty land that can be made to
yield by irrigation to the proportion of
crops of enormous value yielding up it's
million and billion Of new products to
feed the world and enlarge it's own pop
ulation. France is blooming like a
flower garden from north to south, east
to west, and her ability to absorb further
is thus contracted. Not SO with u.s.:
For when we are in such condition,
our per capita will be greatly augmented.
But consider that France can utilize,
without loss of money, $40 per capita in
a country no larger than Texas. Gould
we not increase our circulation. for
certainly we could absorb as much as
France, because owing to our larger
territory we need more per capita
Now, in conclusion, I have proven:
First, the necessity OF free coinage;
second our ability to maintain BIZ