Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1894-10-20

vary I'm prices from day to day, but the ten
dency II for it to decline. Assuming IL ta
be worth 50 cents in our lawful money the
holder OF the bullion may demand and get
q for s'lX grains, and that dollar Is
legal tender.
A the result OF this, either one or two
things win happen. Either all the silver
IN sigh. will advance In value TO gold at
the ratio OF l6 to l, or the purchasing
power Of the dollar will be reduced to 80
will lie worth two silver dollars. Which
OF thesc is likely to happcn'
The Experience of Every Nation
In the world proves that tho cheaper
money will I'LL the channels uf Cisculn-
tion, and the monry ut Li'Err yalue will
he bearded nr cSp"rtr Tai. l. ~ rule as
universal as the movement uf th" earth
around the aun ~ The i'"w Of the tides of
the ocean. No one will pay gold whom
silver worth onr.halr ia commercial
value can h- pail instead. The amount
OF silver ia sight in the world il stated Mt
S.OUO, O,G.i,HO ounces, each ounce containing
4S0 grains. The annual production Of sill
vcr in the world " aHuut lcl,0M,t ~
ounces. tho commercial value OF which is
si.aOOO.Mn. but the coinage value at the
present ratio is now about s2a5. .tUo0n.
The vast hoard Of silver Will be invited
to the United states in the hope to obtain
more for it than its market value.
w nat DcNeHt VIII lNls THtllChi CHuliNe III
our coinage laws. il made confer upon
the people OF the United StatesE Ii is
said that il will double the price Of all our
productions. So it would nominaly, but
will II not also double the price of all you
have TO buyi Foolish men may
scli Their Farms
at higher price, hut will the money they
receive purchase any more or ~ mach
property OF any Kind as they sold!
,rEt lima t.aft
payable in gold or It's equivalent will have
Go receive silver dollars whose purchasing
power Is but onr-hA.i Il thc money he re.
ceives now. If he = :uauis hIfher wages
because OF cheaper vp.!ars he knows how
difficult II Is to SECURE II prUret Increase Of
wages.
Ii the farmer gets higher prizes for his
crops IL will be in moury OF less l,urcEas-
ing power. But two CLASSES of mru Will
lie benefited the debtor who can pay his
debt ii cheaper money. AMI the owners OF
silver mines The debtor gains hy cheaper
money, but is il honest to aorrCw gCld and
pay i'll silver wcrih half whist ht received!
The owners of silver mine" generally or
ganizcd into great corporations VIII get
nominally more du..ar- lOr ,tr!r product,
but IL they are jU-; "a tEc:r worhmru the
cos, uf mining Will lr increased. 40 not
Ret how in the end til, silver miner will
be benefited.
II the OF icct nf this change Is tn increase
the volume of money why ahouli not the
government buy the silver balboa Mt its
market price and issue its money, coin or
paper to the amount u tho eos, ~ In. sill
yer, This would give lis more money AMI
WS would have in the treasury enough
silver ut gold prices tn redeem our money.
This would he honest aud right We
tried that experiment in 1890. We passed
n law requirii>s the secretary of ;he treas
ury to buy the euorn uu. amount uf 4, ,5Op-
nf ell Ia at ri l,f
price. and to i.>uc In exchange for it
United States treasury notes. voted for
this law and it was called the sherman
law" l
Voted for II with Much Doubt,
upon the confident assertion that this
large purchase of silver bullion would
prevent its declining IL value. Rut. in
rpite of our purchases, th" prc. of silver
went down, Down, down. from 10 cents
AZ ounce TO 6a cents. and this loss felt
Upon N. government In" experiment
l.avins failed. congress rrpeai,d tn hci OF
.;ar aud voted for inat repeal.
What woa!i bu ~ imeviia lie result OF
SILVER in the collar j. worth or, :. ren.s'
Tees any man heel to hr told tha. il vii!
be worth only wLa' I cost,
By carefully limiting H." amount OF sill
yer coins and coi'.:;.s o:!!y ON government
account we eau maintain >!.vsr CC,ns ss
par WIZ Et'S col'i.' Jls' a. w" hert pap''
money by a promise tI receive Z US r.oney
ani redeem it IL yol! !. demanded. Ihst
|, what W. did with Eenriy $i'H.tsT.O0 of
paper mcncy in 1872 We Accumulated n
fund Of gold: .re promised to pa the notes
in coin The notes Eai tecn deprecated
during and afte. the war. We l!fte: them
nr hv resumption !" January, 1879, and
from that day Ia this they have heen OF
eGua. valne with gol,! coin i'll an: marke,
o. the world.
IL this WAY we have thus far maintained
Or silver coins at pa: witE gold. W. re
c"ive them as money. Vt hu!d ihctn IL
| vast sums In the treasury. ami r., III. ron
yrEience Of our people We issue certificate,
for them. But
How Is Thia Donsf
BY carefully limiting the amount of notr'
Issued and holding inrgr reserves in both
I'D and silver and rcIttnin. UuT note.
| cn presented.
N- have pledged the faith Of the United
| States that NIL forms of money shall To-
kept -qual to each other. Thus far ~,
| have zen able to maintain thai pledge. J.
| IL no, matter OF pric. TO every Am"t:c.i
thnt pur courage VAS demonstrated in war
| t!.Ft ar generosity and moderation We,
| displayed ~ pe.cs; thar our taaEc -
| hunrr /. uutarh!-hec al! our "rrl:i j.
eC,.a. q :Ea: OF I"y matt. il ths wcr'I
The FREQ c"in.gr n save,
VIII i'TtaN ''bNH VIZ tt-iN. ~ .''N'lUlhcH
| vii. lose all control .vr!' t.r amount %
money to hc issued. This W.. .-p"n'
| upon Tie greed of EsnErr- snti bU.,.ui
| dealers. There will /. no i,'n; r?cL i
except the Sist quantity Of ...vcr i: .h
world. All .;.'s viii seek Oui tnar>". =
T, long ~ our saver Go..ar j. with y. ",
| than the bui.,l in il. The rest. :, u.
rv.table: rs ,...ain ms thu las ~ 8:.v',,
| tinn The purchasing i.c~eI of -, >i.s .
!, dollar with coinage free wili ic ~. u.aI = +
| vallr Of the silver bullion. y. sp.i "
be i,.krn t. ti.e mint or lie La!: Into IA
Treasury.
All we have will be will be withdraw
and the United States will slant will
China, japan. India, Mexico nnd Sowt!
America AZ silver states and be detnche
from. the great civilized nations OF Europ
who still Innintain the gold standard.
The Democratic platform which rea
to you dsncunces the Republican part
for dcmonet!zing silver. A brief histor
Of silve. legislation will show he" falls
L. this statement.
Al the beginning of our government
gold and silver were recognized as III
standards OF money nj their relative maj
kct value. \ careful computation wa