The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1894-08-24
UNpoING OF LIE.

/ Under the constitution or the United
States congress was empowered to pro-
vide standard money. Congress pro-
vided in its first coinage act for the
free and unlimited coinage of silver
and gold; and it made the silver dollar
of Btu grains of pure silver, and 4494
grains of alloy the unit of money for
the country. This act passed in 1892.
In 1887 the amount of alloy in the sill
yer dollar was altered from 49, to AZ
| but the amount of pure silver remained
the same, Btu grains. From this time
till 1873, the standard dollar of this
country was the silver dollar of 4121l
grains In 1873 the silver dollar was
dropped from the list of coins. Hooper.
of Massachusetts,, in the house, and
and Sherman of Ohio, in the senate
are the only men in congress who have
been convicted of guilty knowledge of
this fraud on the people. Judge Hol-
man of Indiana, in a recent speech in
the house, denounced it as fraud. He
said: "The bill was never considered
by The house of representatives, or
even read before it."
In his speech in the senate Jan. 4,
1891, Senator Ingalls, refers to that act
as a conspiracy, and says not a member
of congress could be found after it
passed who would acknowledge that he
knew anything abuot it. He suggests
that congress and the president had
been hypnotized, and made to perform
their part in this drama of fraud with
out their knowledge.
There were two classes interested in
having the silver dollar demonetized-
the holders of United States bonds and
the English spectators in the products
of India. By the act of 1869, known as
''the credit strengthing act," the bonds
of the United States we're made pay
able in coin, though they had been
bought with paper currency, and we're
on their face payable in currency. This
act demonetizing the silver dollar made
them payable in gold coin exclusively.
These two acts of congress increased
the value of the public debt fully fifteen
that immense sum from the breadwin-
ners, and giving it to the bondholders,
without any reason for it except that
the bondhoIders wanted it done and
paid to have it done.
But how are English spectators be-
nefited by the demonetization of silver
in this country?
The answer is this, silver coin is the
only legal tender money in India.
India raises immense quantities of
of silver in this country makes Ameri-
can silver bullion cheap in Europe, and
the London bullion brokers can buy it
at reduced prices and have it coined
into rupees with which the English
merchants buy India wheat and cotton.
AS the price of silver bullion falls it
takes less gold to buy silver to coin in
to rupees; but rupee will buy just as
much wheat or cotton in India when
silver is low, as when it is high; hence
the price of wheat and cotton in Eng
land is regulated by the price of silver
in America. India wheat and cotton
come into competition in Europe with
American wheat and cotton; hence the
free and unlimited coinage of silver
would increase the price of every
bushel of wheat and every pound of
cotton raised in this country, not less
than 80 per cent.
In 1873 the Bland act restored the
silver dollar of our fathers to its for
mer position as the unit of value and a
full legal tender. But the coinage was
limited by that act to 100000 per
month.
The Bland act was superseded by the
Sherman act, and now that has been
repealed there is no provision for coin
ing another silver dollar, or issuing an
other silver certificate. This country,
like England, Germany and some other
nations, has practically demonetized
silver, and adopted the silver gold
standard.
The Peoples party demands the free
and unlimited coinage of both gold and
silver Both the old parties opp ose it.
SHERMAN COUNTY IN LINE