The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1895-08-22
BeHrer Asrald.
onlcIsi ceuusy Pspsr.
LILLY and DOLLY WRIGHT
FditsrS and Proprleiers.
Coins Financial School.

". ~. HARVEY

pyrishiec in leg by CnrN PrBLIsHISs 60
Mr.. GAGE NAMES AN ADMISSION.
Mr. Gsge srose and said.
"Whst yOu have said about the com
ncreial value &c silver end gold Lein,
u,aiut.inrd q; parity under fixed ratio
has been due To the enlarged use 81
these isn metals. ~ money, under a FIRE,
coinage law adopted by the priucirs
uariors uf the world. Internaiiobsl b.
metslbin would de- what yon say. But
the United Sts,es alone could no, mains
tain the parity ol the iwo metals. Sil.
yer would hs the chearer, and gold
would leave IL. We would have No
eredi. abroad, spd total dsraDgerrni
Of our commerce woald follow. And
IN this respect you have not ss,isfsctor.
ily answered my question
Then, Mr. Gsge, said Coin, "we
sgree, do we. iha: the commercial value
az silver aud gold eau be msirIsined at
par oa tired rsii" At IL! 10 or 10
Go |. if their free coinse- is provided
for by the same n,iinns that had such
las in 1892"
.'Yes." ,aid Mr Gage, "we sgree thus
far"
Thanks" ssii Co.'s. "If all are ss
veil satisfied thus FAR =. Mr.. Gage, We
have g.ined great deal. 70 under,
stand these fundamental principles a.
far IS ne have gone, aud as adapted and
applied in the p.si, aud a. tested and
proven = success. is essential 10 our fur
ihrr s,uaJ of this subject.
''Iu srrsngiug tie programme for
ths school, thought it hes, TO leave
the subject OF indePeadvnt free coinage
by the Unifed States TO the last. Twill
net now change the .rder. When |
snswer tina, question it will be as simple
and IS satisfactory az suy We have yet
eneountefcj
"From the tone Of the press in this
city, it will be readily understood that
v. do not agree on the cause of the
present depression in business, and how
,uuch of it is Pr 'perly chsixeable to the
demsneti1siiou Of silver Let Us frs,
find 90 tbs essss cf sAw ealami,eus
s,.ndiiiou of things and then we will
speak Of the remedy.
ave have soen that the closing of the
ruinis, first of the United States, second,
" Germsny in 1873, followed BY France
aud the Lsiiu Union 1874, depressed
the price of silver as measured 10 gold
rs per cent. AMI ,he closing of The
minis to silver 10 India, in 1893, fur
ther depressed its price to so per cent
orASTITY OF GOLD AND SILVER.
"Before demonstration both metsh
constituted the redemption money OF
the world; AID as both metals exist ed
10 about the same quantities, it gave u,
twice as much money Of redemption ~
gold alone will now furnish Us. Their,
Is 10 the world now, according to the
report OF the director of our mint
s3,727 7,0lS, 500 10 gold, and $3.50,
57l ,346 in silver.
The dislccation Of the parity Of tn,
two metals by the dem or etization Of
silver, aud the attempt to maintain oul
credis in gold, has reduced the redemp
tIou motley Of the world from s7,5i7,
59o,2l5 to s3,727,Ols,s6s, sor g li,tl.
less than one half the original amount.
REAL ESTATE NAN ASKS A QUESTION
al wsnt to know" said Mr.. Georg,
IL. Rozet, real estate dealer, here in
teuuPting Coin, why you say silver i,
demonetixed, when it is in circulation
every day aud handled by us as money!
ave have seen, replied Coin, chow
the commercial value Of the two metal.
were parted. BY the same laws thai
produced this ;esalt, silver was mad.
redeemable iu gold, and ceased to be re,
demptioD money. Silver now circulate,
like paper meuey, both redeemable il
gold. 1t is now subsidiary coin or ,oker
money.
Strictly speaking, nothing is none,
but redemption Riouey--sll other form,
Of 40 called uensy are money only ia
the sense that certified checks are money
In the sense iu which you say silvel
10 money, uickel ard copper are mousy
but they form no part Of our stock o
redemption money. Gold now takes tn,
place formerly occupied by both golc
aud silver. aud is our only redemption
money. Silver, as now treated, cuts D,
figure in our currency that could not b,
substituted by paper or other metals
What Is meant by characterization IL
thar silver has been DESTROYED as nrimar,