Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1894-07-26

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Moreover, as money Is supposed 10 N.
q convenience TO enable men 10 mako ex-
changes, II Ia absurd to talk OF putting
more silver in silver dollar, for everyone
Will admit that silver dollar 10 large
enough now. Every citizen handles silver
20 times whore he handles gold once. II
a change is made, II should be In the coin
that will least affect the people. The
bullion value of a silver dollar, In all com
modities except gold, 10 not very different
from what II was 20 years ago, and the,
free coinage of silver will undoubtedly IN.
crease the value of silver bullion,
While the monOmetallist is very much,
afraid the silver dollar will shrink in the
hands OF the labOring man, he IL not much
concerned about IL swelling In the hRndA
OF the capitalist. This Ia what IL has been,
doing for 20 years,
Why should capital absorb the whole
benefit from the progress of civilization
II man had buried 100 ounces of gold,
40 years ago, and should dig it up to-day,
he would find II doubled in value and the
man who 20 years ago borrowed 500, ana,
has been unable to free himself from that
debt will to day have TO give in payment
nearly double az much In effort and prod
uots az he could have purchased with the
800 when he borrowed II. Shylock only
pressed for his pound of flesh. The mon.
ometallist Of to-day would soorn Co be 40
easily satisfied. He would not only claim
the pound Of flesh, but would unblushin0ly
insist that he was entitled TO the blood az
incident to the flesh.
But would not free coinage immediately
raise the bullion value of silverS Can Won,
imagine any man possessed of silver bul.
lion parting with it for less than ia coin,
age value IL he could take II to the mint
and have II coinedS Certainly no man
would be so silly.
But" says the mOnometallist, "thaA
would be giving the silver miner an enor-
nous advantage" II ii simply restored,
him to the position he occupied before
silver was demonetized, IL would only be
restoring him to what rightfully belonged,
TO him. You never hear any of those men
Directing to the advantage the free coin-
age Of gold gives the gold miner. One
reason l am In favor Of the FREQ coinage
OF silver is, because am opposed 10 such,
outrageous discrimination In favor of the
gold miner.
Let as examine this claimed advantage
TO the silver miner.
Would he get his silver coined 10 hoard
It or TO spend III Certainly to spend IA
Who, thon, would receive the mOst advan-
tageY Would II not be the men whose
products will be increased In value BY the
increased demand caused by the increased
supply of money! The money that affects
the value Of commOdities is the money In
circulation. The demand for money Ia
the quantity Of commodities OF all kinds.
character and description offered for sAlo..
II man has an article for sale, and he In
NOT satisfied with the price offered, he wilk
not sell II he believes the price will rise.
But II believes the price will permanOntlp
fall, he will sell whether he ia satisfied With
the price or not. The demand for mOnoN
differs from the demand for cOmmoditieSl
The demand at any particular time for
any particular commodity is certain
amount and no moro. There IL a CON-
slant, intense never cessing demand for
all Of the money that can be had. Whom
the silver miners are permitted to have che
product Of their mines coined they win
simply be the better enabled 10 satisfy
their wants, and thereby contribute 10 the
relief Of those who have for sale tho srti-
Giles they wish to purchase. Kansas is the.
garden spot for Colorado. You cannot
improve the financial condition OF Colo
RADIO to the detriment of Kansas II therO.
10 farmer In this audience who thinks
the products OF his farm have been en-.
hanoed In value by the closing Of the Sll.
YER mines, / would like to get his Vows
when this meeting is over
The mOnometallist tells us that II WS
adopt free coinage it will put us on Lowell
with Mexico. This reminds me very much
OF the stock argument of the slsveholdSR
at the outbreak Of the rebellion, When.
ever q man declared himself In favor Of
the abolition of slavery, he was promptly
asked: "Do You want your daughter to
marry niggerF"
How the free coinage Of silver lie going
to put this country on par with Mexico
none of these gentlemen have undertaken
to explain. II their theory is correct, that
The coinage of nation determines it,
rank, then II necessarily follows that, since
India has ceased to coin silver, she must,
to-day, be on par with the United States.
As the sum of all articles in the market
the commercial demand for
money so the sum total OF the money
In circulation regulates the demand for
goods.
The money and the goods are contin.
nally seeking each other, TO DO exchanged.
II we adopt free coinage, Colorado will
annually add $400OO,00O TO the circulating
medium Of this section Of country. 50.
much Of this silver as ia now shipped
abroad to silver-using countries raises
prices there in proportion to the amount
IF circulating medium In those countries.
Whatever we purchase from them, we par
'or at a higher price, because of the In
creased supply Of money.
We are also told that, II we adopt FREQ
coinage, we shall become the dumping
ground for the silver Of the world. Why
will other nations bring thOir silver here,
md what will they do with III In every
oreign country except Mexico, the rattle
8 Is or 164 to /. In no European nation
8 there free coinage of silver. Every
liver coin is discharging Just the same
luty that gold coin would. Why should
my nation send its coin here II the
,ullion value of silver were less here than
he coinage value, foreign coins would NOT
BASS here for their face value. II they
we're melted and coined into Americas
dollars at the ratio Of 10 to /, they would
ose cents on every dollar, besides
he loss from light weight caused by