The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1893-09-22
demnity for the Franco-Prussian war.

demnity for the Franco-P Prussian war.
Did silver then decline in the mark
cts of the world?
So seriously that Norway. Sweden,
Denmark, France and Italy closed their
mlnts to the free coinage of silver.
Holland followed in 1915, Russia came
next in 1876, Belgium, Switzerland. and
Greece stopped in 1878 and Austro-
Hungary in 1879, Roumania stopped in
1890; lastly, India the great sink for
silver, shuts its minis to free coinage.
And now this great republic is asked,
alone among all the nations of the
earth, to get down on it's knees like q
gibbering idiot to worship the idol that
has been rejected by every other civil
lized country IN Gods world.
What would be the result of adopting
bimetallism?
1t is absolutely impossible for us to
undertake bimetallisln alone as to have
a stable system of finances under our
bullion-purchasing law. Bimetallism
Is only feasible when it is International.
The great authority in bimetallism, MIR.
Henry Cernuschi, an Italian-and after
the Jew, Italians have the keenest fin
ancial instinct-says that no country
can coin silver alone: any country that
coins only silver will remain alone. and
will not have the money for paying
abroad. In continually embarrassing
the financial system of this country by
propositions that have been kicked out
of the forum OF civilized nations, con-
gressrnen are doing a great wrong to
their constituents for which they
should never be forgiven.
Is there any hope for international
bimetallism2
Let congress repeal the Sherman law
and within three months England, who
has rejected our advances three times,
will make proposals to the United
States to come into a monetary confer
ence for the sake of her ward, India.
Not until we so draw upon England's
gold stock as to make her doubt
whether she can afford to hold aloof,
will she consider bimetallism.
What countries now have free coin
age of silver:
Mexico and China. Look at the mis-
cradle wages of Mexicans. That Chi
nese mechanic is lucky who earns
cents day payable in debased money
What if Mexico demonetized silver:
I Government securities, commercial
credits would all advance, and bushes.
q would improve as it would here if We
repudiated the monstrous theory tha
we must pay mine owners sl.29 fcl
! what is worth 62 cents.
Should we not have larger circula
, tion of money?
). A large circulation is wasteful. If il
: conducting q farm ! use four team
9 when one is enough, am not eXtrava
y giant? There is no special law TO
n money. A great amount ofmetalli
currency is costly.
How much silver is piled up in ou
4 treasury?
q Five hundred million dollars at 4 pc
cent. interest. This means loss Q
S2O, 600. 900 annually in interest alone.
What has this silver cost us in depre
citation?
The difference between the marke
\ value of the stored silver and the pric
:. paid for it has resulted, since 1879, in
waste of S14l ,5lO,9s0.
Il Would this waste suffice to build tn
Nicaragua canal?
a Yes, and pay the debt OF one of tn
4 Pacific railroads.
a Do those who furnish pig silver t
-, the treasury take silver dollars in e,
to change?
No, They refuse to take them, pre-
ferring the silver certificates printe
on paper. These certificates would ci
-. culate equally we'll were no silver bu
. lion behind them.
:. Wonld the nom purchase OF silve
drive the white metal out of circul
NO ton?
No. Not 10 cents worth would
4 driven out. Paper and gold would Co
- tinue in service and trade would +
~, sumo it's normal condition.
:, Is there gold enough?
of Certainly. Gold is increasing thr'
" and oue-half times faster in this wor
than population. The American supp
is increasing two and one-half tim
faster than the demand for it. III
world is producing thirteen times
IA much gold as in 1894 when this count
49, 49, practically adopted the gold standar
III
Too Much Money.
NEW York, Sept. sO.-The nation
in h,nks of this CITY are receiving SO mn,