Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1894-01-19
vHs sILvsR QUESTION.

y - - eSe - 0S@S W eSsse = OSvs
Tho silver question IL one that COM
mamds the must careful study aud xll
the light that can be gl.xned upo., the
subject sl,m, d be ". lcon,ed by all WHO
are interested III the welfare ut our
country. With this end an view We
publish the following .r,m the pen at
Melvin G.iRsby. of Sioux Fails. which
appeared In the Sioux Falls Press:
\ careful study of many speeches
made In the late debates in cungress.
aud talks with, ti.e tnt~ lllgent men at
eastern states as well as here IN the
west. lead me to c.,nrlude that IL the
people wpr,. separated into parties NC.
cOrdimg tn the views entertain d upon.
tile silver question there should be ut
least ,Our parti's:
First. tue pold party. heard one
Unit. >ta;es se"ats,r say that the sit
yer ene.tion WIS simply tight between
creditors aud .l~bt.rs. Said he: Z" lle
creditors want tn diminish the amount
Of mUiry AID increase the value ut
their stuff. The creditors are far gold
standard. The debtors want to increast.
the volume of money SO rs to make it
easy 10 ,ay debts. They want ,",tl.
gOla aud silver. and want free cOinaue
for buth. 1 am u CREDITOR" said he.
.amd therefore am for the sing Z gold
standard" IL all politicians were as
honest and plain su0ken as that senator
we would sum arrive at a solution Ot
the question.
Sec.,,,d. there are the dishonest bimet
a'i-ts. These are men who talk elU
queutly abunt the evils of diminishing
tile supply of money, but vote every
time against silver. These are ai~m
who had most tu do with the legislation
that has stopped the coinage of silver.
.lu.igimg them by the p.st, they will
SOON he engaged in demOnetizing the
81 yer already coined.
Third. there are the honest bimetal-
lst<. These believe that silver would
have remained at par wi I. gold except
for hostile. legislation. and they e,rnest-
ly desire tn restore to silver all of its
."Gnpy functions as sO u as that can lie
done without danger Of too great tlIail.
ci u disturbance.
Fourth, those who want free and uil-
limited c.i,,age ut silver ut once. regard
less ~, tllp effect upon tle tiilaucrs.
These s"y that if tree silver would drive
away gold and leave ,,s a silver mono
metallic country. let the gold go. tor 1t
rs better 10 be silver m0n0Me alltsts
than gold monometallists.
Is tnere not some middle ground
T II. gold man says free coiuag. If sll. et
means to give u silver man one dollar
f.,r sixty cents worth of silver, and ke' .
that dol ar at par with gold, regardless
!. Of its commercial Value. The silve
man says that except that for the hos
tile legislation IN the interest of the
cr.ditor class (the gold melD silve,
would be ut par with gold III given the
same legal status.
Thel, how would the following do fol
u compromise
Let every man WHO has silver bullion
take it TO the mint AID receive for it ill
silver dollars. or silver certificates pay
able in silver. the market value OF tl.is
hulliom silver dollars and lvel
certificates to be full legai tender. Let
t ~ dep sitOr OF bullion al.o receive q
certificate that would entitle himself VI
/ b .arer to return to tlle mint. when ht
saw lit. what tIe had obtained and ket
b .ck Ills bullion.
That certificate would be u seirnor
ag.. certificate. No Une would take II
T., the mint for u re.eAcilamge, because
1t he silver bullion increased in w. ue
the certificate would sell for the amount
Of the increase. NO gold man could Say
that tl,. government was giving out a
dollar for sixty cents worth of silver
No silver man cU,,ld say that hostile
, LEGISLATION WAS Keeping down the pric.
o silver. There would >o0n he enough
! se,gtl0rage certificates SD that the Wal
!. street sppculatOr. would be bulling sill
Yer. Gold would HIT 10 out Of the
country on "cc.,unt of the silver, Oe
ca,,s. if it did silver would fall and tn.
output would be reduced.
Under such u law tlle market valre
would act as an elastic self-adjm jmsth E
cor binding the two metals together
lf silver wuuld not under such u Law
rise to its old value rs compared witt
eold. n without creating financial iii
turbance, then MIR. edit0', or patient
reader, suggest a l'rtter plan.