People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1894-07-27

moreover, as money Is supposed 10 be
convenience TO enable men TO make az.
changes, it is absurd to talk Of putting
more silver in silver dollar, for everyone
viii admit that a silver dollar is large
enough now. Every citizen handles silver
20 times where he handles gold once. II
a change is made, it should be in the coin
that will least affect the people. The
bullion value of a silver dollar, in all CON-
modities except gold, is not very different
from what it 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 lsboring man, he is not much
concerned about it swelling in the hands
OF the capitalist. This is what il has bean
doing for 20 years.
Why should capital absorb the whole
benefit from the progress of civilization
II man had buried 100 ounces of gold
~ years ago, and should dig il up TO-DAY.
he would find 1t doubled in value, and the
man who 20 years ago borrowed $780, and
has been unable TO free himself from that
debt, will 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 90
easily satisfied. He would not only claim
the pound of flesh, but would unblushingl,
insist that he was entitled TO the blood as
incident to the flesh.
but would not free coinage Immediately
raise the bullion value of silyers Can Won
Imagine any man possessed of silver bull
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" II it simply restored
him to the position he occupied before
silver was demonetized, it would only be
restoring him to what rightfully belonged
to him. You never hear any of these men
Directing 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 be get his silver coined 10 hoard
II or to spend III Certainly to spend A.
Who, then, would receive the most adyan-
tagef Would ii not be the men whose
products will be increased in value by thu
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 sale.
IL man has an article for sale, and he ia
not satisfied with the price offered, he will
not sell If he believes the price will rise.
But II believes the price will permanently
fall, he will sell whether he is satisfied with
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 a certain
amount and no more. There is a CON.
slant, intense, never ceasing demand for
all Of the money that can be had. When
the silver miners are permitted TO have the
product Of their mines coined, they win
simply be the better enabled to satisfy
their wants, and thereby contribute TO the
relief Of those who have for sale the arti.
oles they wish to purchase. Kansas ia the
garden spot for Colorado. You cannot
improve the financial condition of Colo
RADIO to the detriment of Kansas II there
is farmer in this audience who thinks
the products Of his farm haze been en-.
HANGED in value by the closing of the sil-
yer mines, would like TO get his view.
when this meeting is over.
The monometallist tells us that il We
adopt free coinage it will put us on 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: "Do you want your daughter 10
marry a nigger!"
How the free coinage of silver is going
to put this country on par with Mexico
none of these gentlemen have undertaken
to explain. If their theory is correct, that
the coinage of 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 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-
ually seeking each other, to be exchanged.
II we adopt free coinage, Colorado will
annually add $40,000,OO0 TO the circulating
medium Of this section of country. So
much of this silver as is now shipped
abroad to silver-using countries raises
prices there in proportion to the amount
of circulating medium in those countries.
Whatever We purchase from them, we pay
for at higher price, because 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
will other nations bring their silver here,
and what will they do with III In every
foreign country except Mexico, the ratio
is Is or l51 to l. In no European nation
is there free coinage of silver. Every
silver coin is discharging just the same
duty that gold coin would. Why should
any nation send its coin here! II the
bullion value of silver we're less here than
the coinage value, foreign coins would not
pass here for their face value. II they
we're melted and coined into American
dollars at the ratio Of l6 to /, they would
lose 3 cents on every dollar, besides
the loss from light weight caused By
abrasion. II any nation obi sets to the
use of silver currency, such nation might
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