The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1894-07-20


dollars worth Of silver in it.
MOreoyer, AZ money e supposed TO Be
convenience 20 enable men to make sx-
changes, it is absurd to talk Of putting
more silver in silver dollar, for everyone
viii admit that silver dollar Is large
enough now. Every citizen handles silver
90 times where he handles gold once. II
q change is made. It should be in the coin
that viii least affect the people. The
bullion value of silver dollar, in all COM
modities except gold, is not very different
from what it was 20 years ago. and the
free coinage of silver viii undoubtedly In
crease the value of silver bullion.
While the monometallist is very much
afraid the silver dollar viii shrink IN the
hands of the lsboring man, he is not much
concerned about it swelling in the hands
of the capitalist This is what il has been
doing for 20 years.
Why should capital absorb the whole
benefit from the progress Of civilizationS
If a man had buried 100 ounces Of gold
20 years ago, and should dig il mp to-day,
he would find it doubled in value, and the
man who 20 years ago borrowed 500. and
has been unable to free himself from that
debt, viii to- day have to give in payment
nearly double as much in effort and prod
ucts as he could have purchased with the
500 when he borrowed it. Shylock only
pressed for his pound of flesh. The mon
ometallist OF to-day would scOrn TO be so
easily satisfied. He would not only claim
the pound of flesh, but would unblushingly
insist that he was entitled to the blood as
incident to the flesh.
But would not free coinage Immediately
raise the bullion value of silverS Can you
imagine any man possessed of silver bal
lion parting with it for less than its coin
age value if he could take it to the mint
and have it coined? Certainly no man
would be SO silly.
"But," says the monometallist, "that
would be giving the silver miner an enor-
nous advantage" If it 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 these men
Objecting to the advantage the free coin
age of gold gives the gold miner. One
reason am in favor Of the free coinage
Of silver is, because am opposed to such
outrageous discrimination In favor of the
gold miner.
Let us examine this claimed advantage
to the silver miner.
Would he get his silver coined, TO hoard
it or to spend it3 Certainly to spend e.
Who, then, would receive the most adVan-
tageH Would il not be the men whose
PEO0uObS Will DC l4cI0doC0 IN value UY the
increased demand caused by the increased
supply of money! The money that sRects
the value Of commodities is the money in
circulation. The demand for money Is
the quantity of commodities Of all kinds,
character and description offered for sale.
If man has an article for sale, and he IL
not satisfied with the price offered, he will
not sell if he believes the price will rise.
But if believes the price will permanently
R-HV L L L Al
the price or not. The demand for money
differs from the demand for commodities.
The demand at any particular time for
any particular commodity is q certain
amount and no more. There is q con-
slant, intense, never ceesing demand fer
ali of the money that can be had. When
the silver miners are permitted to have the
product of their mines coined, they viii
simply be the better enabled to satisfy
their wants, and thereby contribute TO the
relief of those who have for sale the arti-
Giles they wish to purchase. Kansas is the
garden spot for Colorado. You csnnot
improve the financial condition OF Colo
RADIO to the detriment of Kansas. If there
is farmer in this audience who thinks
the products of his farm have been en-
HANGED in value by the closing OF the sll.
yer mines, would like TO get his views
when this meeting is over.
The monometallist tells us that il We
adopt free coinage it will put us on a level
with Mexico. This reminds me very much
of the stock argument of the stakeholder
at the outbreak of the rebellion. When
ever a man declared himself in favor OF
the abolition of slavery, he was promptly
asked: Z" Do you want your daughter to
marry a niggerf"
How the free coinage of silver is going
to put this country on a par with Mexico
none of these gentlemen have undertaken
to explain. If their theory is correct, that
the coinage of a nation determines its
rank, then it 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
determines the copmerciaI demand for
money, SO the sum total of the money
in circulation regulates the demand for
goods.
The money and the goods are contin-
ually seeking each other, to be exchanged.
IF We adopt free coinage, Colorado VIII
annually add $4,000, 900 TO the circulating
medium Of this section Of country. So
much of this silver as Is now shipped
prices there in proportion to the amouns
of circulating medium il those countries.
Whatever We purchase from them, W. pay
for at higher price, becauss Of the in
creased supply of money.
We are also told that, If We adopt free
coinage, We shall become the dumping
ground for the silver Of the world. Why
VIII other nations bring their silver hers,
and what VIII they do with I'll In every
foreign country except Mexico, the rattle
is Is or 153 to 1. In no European natioa
Is there free coinage Of silver. Every
silver coin is dischsrgin9 Just the same
duty that gold coin would. Why should
any nation send its coin here II the
the coinage valus, foreign coins would not
pass here for their facs value. If they
we're melted and coined into Americas
dollars at the ratio Of Is 20 1, they would
loss cents on every dollar, besides
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