The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-04-29
The SILVER Question.

There is no seventy cent dollar.
Any one that has them will give you
hundred cents for SILVER dollar, and
you can buy as much goods with the
silver dollars, AZ you can with the
came number OF gold dollars The
metals gold and silver are not money.
Gold and silver dollars are money and
both are legal tenders for the pay
ment OF debts.
There is q difference In value OF the
bullion In the two dollars, but that
can be remedled. It can be remedied
first by putting them on a parity at
the mints. The government talks
about keeping the dollars at parity,
and yet Ia the first to disparage the
silver dollar at the mtnts by refusing
to coin them. The government Is
wrong In expecting everybody to re-
ceive the silver dollar as q legal ten.
der and yet rofueing to treat the dol
lars on a parity at the United States
treasury. All Of our national obliga-
tions are payable in silver except the
gold certificates.
IL 10 Insane folly to continue to issu Q
notes payable In silver and then under.
take to rdeem them oil In gold alone.
| There Is no sense IN issuing notes at
all II you are onIy going to issue dol
lar for dollar. It would be much bet.
ter to coin the silver for the people
and let 1t go into circulation al once.
There is great deal of value In the
legal tender quality OF the silver dol
| lar. ii the silver dollar contained the
full bullion value OF the gold dollar
and was not legal tender, 1t would
not circulate. II the gold dollars were
not legal tender they would not cir
culate.
The gold dollar cannot go to a pre-.
MUM while silver dollars are In circu.
lRtion. and that is the use OF having
the two dollars in use as money, 30
that IL one kind became scarce the
other would check Its rise in price.
But talk OF gold going to q premium.
then what's your standard? Is 1t oliver
or what? II silver were out OF the way
then gold would advance In price, but
as gold would then be the standard II
would seem to stand still, while every
thing else would fall In price. Houses,
lots, farms, all real estate, would lose
half their value.
What would you think Of set OF
men that would destroy half the value
of your property In order that the
value Of their property might be
doubled. Yet, such is the aim of the
| single standard men. Are the owners
OF real estate willing that the value OF
their property shall be deprecated in
order that the value Of gold shall be
apDreciated2 -i..
The farmer is q natural political
economist. Tho nature OF his business
makes him 80. He knows that II any
article OF steady demand becomes
scarce that the price will rise
And IL the same article becomes too
plenty that the price will fall So II
] ynnpax hannvnau apnrna THAT no ~ 10
the standard by which all other things
are measured, that the price Of all the
things he has for sale will fail In pro-
portion.
The decentralization OF silver wou Id
destroy half the money of the land.
and OF course prices would fall in pro-
portion. But il the difference in bull
lion value of the two dollars Is tile
only objection to the silver dollar.
what was the motive for demeontizine
the silver dollar, when its bullion value
was greater than that of the gold dol
Iar2 Now answer that.
Just now their raid Is on the Sher
man act. Well, the Sherman act is
defective. The silver bullion should
be made into standard silver bars and
DO made legal tender at its bullion
value in gold. Then II the value oil
the two metals varied every day II
could be adjusted by the weight. But
by all means the two dollars should
be treated the same at the mints.
The present export OF gold is unnat
urai and forced. 1t may be that they
are buying silver in Europe and i'm.
porting 1t Into this country. II India
should be induced to adopt the single
gold standard 1t might become Sc
rious matter to us. 1t 1t should be
come SO, the government has the pow.
er to put an embargo on the export oil
gold.
In one sense the coin of nation Is
public property. There is limit to
private control of articles OF public
necessity. And II they were to try to
carry off enough gold as to endanger
the paper currency. it would have &c
be put a stop to.
But they are giving US good lessor
that gold alone should not be the ba
sis OF our paper currency. This gold
Is not driven out by our use of silver
for great deal OF 1t Is going tt
france, which country has twice al
much coined silver an we have.
The unusual export OF gold Is large
ly due to conspiracy OF the jew
bankers OF Europe to force this coun-
4 try TO the single gold standard. They
have already bound the government
OF Europe with their golden chain, but
when they come to the United States,
they have attacked young Sampson.
The business men of this country. and
especially the farmers are as keen fol
their own interests as any jew bunk
sr.
They talk of IL going to silver
basis. We are not going either to a
silver basis or gold basis. We are on
the double standard now, and we dc
not Intend to go to any single stan
dard.
Let silver be put on n parity with
gold at the mints, and then the bullion
value of the dollars will soon be the
same. Our political independence
was achieved by seven years war
Are we going to give up our monetary
Independence to a gold syndicate7
trow not.