The times. [volume] (Richmond, Va.) 1890-1903, 1894-11-13
FAD. NEIGHBOR. But You MUST GO
40 SCHOOL.

Our neighbor. the Dispatch. was for
long time wrong on free silver-that u.s.
Il was n free silver paper-but last Tues
days elections seems to have cured 1t
of that heresy. But where silver is con-
cerned ii seems to be impossible for
Sc TO get right all around and at once.
Telling MS all about what is going to hap
pen. on Sunday, one of its editorials con-
tanned the following:
We need not fear. however. that either
the Republican party or the Democratic
party Is going to rob the people OF their
silver currency. The large amount of
that currency now on hand ouSnt 10
convince all persons concerned that the
country Is not likely soon TO be deprived
OF its bi-metallic circulation. The Gin
cinnati Commercial states that the fol-
lowing information was derived from
an official statement of the cash In the
United states Treasury on the last day
Cash In the Treasury:
Silver
Dollars neutrality-suspicious.. $50. 3G2.73S 90
Subsidiary coin. .............''' i9,EttE w.
Bars ACKNOWLEDGEMENTS. So'Zol ,Soz 81
Total. ....:....:...,.......... So06,0lS. iiS "A
Then there Is silver paper 49,.
silver certificates in circulation. 1891 ,l4S. sol
And In the Treasury ........,... 6,569, 2U3
Then there ase Of silver Treasury
notes ............'..'.'.'.''''' 10, l4o'ooS
Whole amount of silver paper s4SS. SIS. 072
Add the silver money TO the silver
PAPER and we have pretty good volume
az silver currency
But listen TO us. good friend You
l,ust not add the silver money to the
SILVER paper. for IL you do you viii be
counting the same dollars twice. The law
allows you to deposit a silver dollar with
the Treasury and take a Government
certificate OF deposit in place Of 1t. The
Government has put out under this pro-
vision of the law the $S3i.iiS.SOi Of GER
tifcates that you refer to (supposing
that TO be correct statement of the
amounD and II holds as an offset to
that $S3l.l43.3el. the silver dollars shat
we're deposited with II when the certili-
Gates were put out. so that you see
you wish TO count that 1881. 14SS0f twice.
when one of the earliest truths you
learned, even before YOU went to
school. was that you cannot eat your
cake and have IT, too. The same is true
Of the sl5i.lD.sss Treasury notes that
you refer TO. These were issued under
the provisions OF the sherman purchase
law. The Government bought 4,5O0.OO0
ounces OF fine silver each month under
that law. and paid for them with its
notes called Treasury notes. II issued.
as you say. something like $751;. 1865 of
these notes 1--WE will not pretend that
the same IN stated accurately. but II
10 approximately correcD. and II has
the silver that IL bought with them
stacked up. and mostly uncbined in the
Treasury. and II appears in the first
part of your statement as bars. 49,
2sl. se2.A"
And now, neighbor. as you are really
beginning to learn something about sill
yer. we will tell yousexacty how the
account stands. We began TO coin silver
after a practical cessation OF coinage for
seyenty-five years In 1875. underi the
provisions OF the Bland act passed Feb
ruary Is. 1878. We coined under that act
GHs.I6C.7aS. and then we snapped of to
the procedure under the sherman pur-