Smyrna times., 1894-12-12
FREE COINAGE OF SILVER
correspondence to Smyrna Tines

y as III all probability this se-.io,
congress will not attemnt fn4ti0I fi VI
tinkerng with the tariff in orJa. 81 81
reduce duties on imports toa l,.i.. ~ W
revenue only the Questjc- or q
nance, currency and free roio,,,' r
siiVer Is likely to engage the NINA. "
Ine crossroads and peanut poljticiomi
VINO represent the various Con,,,,.'
sionaI districts in the Southern U.,,('.
Free coinage Of silver j., one of fboso
questions that does not seem to bn ~,
uerstood by the average daily re,Ior,'c
newspapers, and which has ho,yn
question before Congress for some tir,,,'
III order that the readers of the TI,i,,,
may nave clear UNDERESTIMATE, 70
whaC Tree coinage of silver, r,aa,.l,
tne writer will endeavor 10 cvnlai,
ing. "ersIahd-
Inc States of Nebraska Idaho v.,,,.
ana south Dakota and NEouto,,. '
wen as perhaps Utah and Califor,,j, ~
ABOUND IN rich mineral dcDosits nf ,,,'II
SILVER, lead. quicksilver ana co,l 22Tn"'
"'e iotmer states are mouutaino,,.
not not adapted TO agriculture at an Lrt i,-
tHe mountainous districts uinas riol,
deposits OF silver ore have been di.a,.,,
ertd, and have been worked to '.l,..,....
an advantage and the yic,d of r.,r
s'IVef extracted from lae ore L,t
improved prOce-- oi sme ,ljug ami ~
nIEh price obtained fr,i tie o,,..,,.
Iheht OF the United Stat. bv th,. ..;f,.'.
Ihlhe owners, that they nave aro,.'.,
ialed millions Of dollars chiefly r.
oI pure silver to the govarp,ot,.. {,Liol,
uhdGr the sherman law, as il was c,.,,,
monty called, authorized ennrr,l.,.
purchases monthly to be Gained ,.tiaL
~ ~ now lying in the Treasury and -nI ,
GasuTy OF the United States in l,.,,-
VI ooAeS of no service Whatever H. d
Cause u cannot be put i'm clrcnlot;l,. d
!" "i'T 'He treasury was reetiyius t-a
weekly aud buying tbou.and. ~ ,
ounces ct silver az ISL and IN .oa,.,.
~ ~ ounce Tor pure silver the ~,lv.r d
were running their mines a,,l,. r
iaUe' W lie the Smtlt-rs Werr .i.n q
= ""9y Us Oees IN a hive. Cru,bing A.. q
~ a"" extracting the pure silver j.
,rieieIIom' IN order to supply the y
weekly and monthly dtfoand., 0fra
'TYeInHent for coming into Bland II
Ii'eF uOiIars and storing them aura, Gl
vaults which had to be huilt tn
arge expense to hold II Tba ,oiats c'
we're run to heir full capacity coinirr or
ne sllVei bullion, turning ont .iI,.57
oiIars' the actual value in rure .iI,ar a..
auglng from 50 10 so cents. The aIIn,. j.
sel@nloraEe making up ;hp 4.p.r c.
nce IN me value Of the dollar. lu
Not belng satisfied with the l,r,.,
rohts they were getting the .iIl9r
me owners conceived the idea nr .,l,
hg theIr silver coined trec cf ct.ar,,o
them and at the ezuap.a ~ ~
hi'ed states, so any person ovnino
or 100 ounces Of silver hnil;;'r
lght nave it coined az me ,nfnts MI r.,
II charSe therefore and by so doin,,
e government would lo-etha seinriar9
= VI Prr4aPS me proli' accruing bv M.
-" ~ '"e aIdiI IN Of alloy or i9i,r- i
'i.e1aI mixed "!iA H., pure silver in en-,
= 'i'IIE '"'o dlmes, s,quartcrs. half dollars H.,
y IoIi"IS' ne silver dollars now in s.i
cuIa'loh, generally known "a the r..
anu dollar, because be was tbe -.
SIhaIor OF the law autborizrpr rhe:r III"
n"Se' mas less pure silver IL is r,,,n. H..
, w" ,"iu AhN com ever put in cir i,+.
'alioh ny the Treasury Of the I,uitnI -,
iles, ana at the present price per NJ,
lGe LOT SILVER blljlOn il IS eStimatej ,,.
oe worth only fifty cents. Tbc l..
gnlorage as it is technically called or p,i'
'IC 70 the government which il in. 49,,
ueq TO pay the expenses of the mimic a,..'
coinage Is what the wealthy silver r.
ne owners and their retainers ora an.
ing TO obtain for themselves and H.
Ne the people pay the expense of cay,
llng them. This is what is known Nh
rec coinage Of sj.?a,. r,3,' ,,.'''
enator stewart of Nevada il re- XIII bi''
led as Republican. He is stated nty ,,ti', ~
possessing large wealth and the owner s;i,.a
NUMBER OF silver mines. He is in
'r OF tree coinage of silver and tho
er has been informed that he b.s
II hundreds OF thousands of dollars 80.
he TO get Senators and members of o,',S
gress TO pass free coinage law in ~ -
r mat the silver mine owners mr. ,,,.i;
person having silver bullion NAV nnr,
II coined free of expense To them ,,..H
at the expense of the government :, ...,
nay readily be observed what ON ~. H. "
NOUS profit would accrue To tho p.,I"
ers OF silver mines or the puraba.er ,,,...',.
lVer bullion il such law should aJi.
'nacted by the Congress of tba ,,".o3
ed States. '"' E"'eu
ny not free coinage of gold, nickel rr;tic;
inner u,all u lliCl
we'll mo-, 10 Is question tion
, thereto nav. " "'H'ii Ana the First
supply of these metals are not ~
"a as tHe yltId OF the silver mines are
tTe "1FKt' oVerStocked as it is iOnabl
S'Ee' no'h IN this country and seline
~ 'o1 S'nce lhe government has gowns
"e'nue" 'he purchase Of silver the broug
aa1.'.. n'',: "ers nave been obliged arrang
ri"n Ho''.tnue er -it mining that metal and now I
.Oo "l silVer bullion has declined waist.
30 10" that there is rarely anv and e
'UV'onS :. IN the purchase or sale of charm
~ may De stated the jewellers are There
oue larger purchasers for manu- striped
. intO siiVerware which can be Libert,
II DIT prices never so cheap are wo
Il. II. seline