The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-05-09
"The GOldites Hard Pressed.'

From The Philadelphia Item.
Some of the oddities are getting rahid and
wild evidently through sheer desperation
An instance is in the editorials which have
lately appeared in The Standard Union of
Brooklyn. n. Y, from which make the
following quotation:
THE price of silver was not affected q
cents worth by the alleged decentralization;
not cents worth. If silver becomes the
standard. it will be worth no more than now,
and everything else will be worth less. The
free coinage of silver at the Old ratio would
he the greatest swindle ever perpetratcd to
dcnatOnalize the currency. and cheat above
all the poor.
The newspaper referred to was cndeavoring
to dispose of some editorial arguments in
The Atlanta Constitution. which while in
favor of the free coinage Of silver. OK
planning the difference between free coinage
under the present par relations between
silver and gold and free coinage under the
commercial relations. The point being made
Ivy the Atlanta journal, that if free coinage
of silver was established making silver dol
lar out OF the number Of grains required to
bring it up to the commercial value of gold,
"thc proposition would be folly itself"
The statement Of The Standard Union that
the decentralization Of silver had not affected
its value n cents worth, is equivalent to say
ing that by the withdrawal of the highest
bidder from the commercial market the article
bid for WI llfctcn just as illOth as before.
All very small school boys know better than
that. For the first principle of getting the
highest price for article is the retention
of the highest bidders for it. Remove those
highest bidders and the price of the article
necessarily deScendS to the next lower grade
Of bidders.
Demonctize silver in all the countries now
using it as coined money, and the commercial
value of silver at once dcscendS to what it
will fetch for mercantile uses-merchants be
ing the next lower hdders-which at Il guess,
may be in the ncighborhood of 10 cents the
dollar of the present valuation.
70 state that an article does not descend in
value at the withdrawal of the highest bid
dcrs. Is almost too silly to print; yet the de-
NAL Of such result, and too, by the consent
of the noted editor OF the named journal, Mr.
Murat IIalstcad gentleman who ought to
know better. neceSsitateS an exposure of such
nOnScnSical rcaSoningS.
There would be exactly as much sense in
saying that If there We're only three bidders
for q house. one at $4,000 n second at So
900, and third at $1,000 that the house
would be commercially worth as much after
the removal of the SIC, 600 bidder as before his
removal
Then the converse assertion that if silver
again becomes the standard that is if the
free coinage Of silver again becomes a law.
that 1t will be worth no more than now, Is
equally absurd.
For it is equivalent to saying that even if
the government is willing to pay miners
$1.29 per ounce, the miners will prefer to
Sc II it to London and sell it for So cents per
ounce.
How a supposed to be sensible newspaper
can editOrially print such trash is Il problem.
We make no charges of bribery or corrup-
ton in this case but something is wrong
somewhere, and the striving to saddle the
issue upon 1.-THE poor saying that it is one
of the greatest swindles ever perpetrated
against the poor. exhibits Il remarkable con-
diion of the mind to say the least.
How the poor are sWindlcd by obtaining
Il silver dollar that is commercially worth
par is not explained. But that is one of the
common rawlings OF the oddities. aud seems
to have been uttered in the dcSpcra ton of Il
lost