The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1895-05-10

"o'eo" HIMSELF Will subscribe {,
That platform just as it IL and indee,
We think everybody will. We ur,
very much mistaken lift is not tn,
object ofnil parties to have Just sucl
currency. Where we differ, and r
was SO explained In the article REFER
ed to, is how it can be done. Mr.
Thonson aud bis party believe in /,
law allowing any person to bring II;
grains Of silver to the mint, that the,
may have it stamped by the govern
ment, and that coin shall be good Il
pay debts to the amount of "one dol
lar" They further helleve tnat when
this is done. that 4l2 grains Of silver
whether In bullion or coin will buy
just as much wheat and corn as q
gold dollar would. Mr.. Thomson
goes farther than belief" he state.
1t as y positive fact. at could MOI IN
fact be otherwise and no process 81
reasoning could explain it away"
And yet, as we stated in our forme,
article, that Is just where the differ.
ence Of opinion lies. and is the point
Of the whole matter.
To-day In spite Of the 'ldemonetiza.
tlon of silver" there is an immense
amount 2 Of silver coin, or. oliver cert..
ficates based on coin Or bullion & STORED
In the vaults Of the government, al]
of which has been coined since the
demonetization Of silver 10 1873 The
market value Of the silver in ouch of
these coins is q little over SO cents,
For years the government "a rcpubll.
can government too) bought up prac.
ideally the total output Of tho silver
mines coined 1t. or issued certificates
Tor it,which IL practically coinage. and
Notwithstanding this igoyernment
market, notwithstanding this inn.
mense coinage. the price OF silver
went lower and lower, while to-day II
takes all the "tiat power" the United
States has. to kecpthc stamped silver
dollar Of equal value with the gold.
Mr.. Thomson's : remedy IL to make
more silver dollars, That IL. he
strengthens his tea by putting more
water In, by letting everybody make
silver dollars with the government
machinery. This may be evident ia
MI. L. but We don't see 1t that way.
Mr.. Thomson probably does not
really mean what he says 10 speaking
Ut the intrinsic value Of a ten dollar
grcenback." There is no intrinsic
value In a grecnback except the value
Of the paper, but when he goes into
the paper currency of Venice, does be
not ut once show the superiority of ma.
per over gold or silver, aud ir that be
true why does he ask us for al ex.
ample Of free.coinagc advocate who
wishes to demonetIze gold? II paper
currency is superior, why coin gold.
silver or any other metal?
But we have only space to BRIEFLY
answer bis final propositions US we
understand them. Doubling tho
volume OF money doubles the value of
products" This is not true; to prove
1t exchange 'products" with each
other. with or without the intcrven.
tionot money as medium Of CT
change" II two bushels Of outs will
buy bushel Of wheat, doubling the
price Of each will make no difference
In exchangeable value. Doubling the
volume Of money divides the debt"
and Vice versa. This propositlon de-
Ponds much upon the pocket 10 which
the volume is doubled and there 10
fUom for argument here. Ahstractly
speaking howeves,s deLased currency