The state herald. (Holyoke, Logan County, Colo.) 1887-1921, 1895-05-17

Because" they now answer, ut was
at premium over gold Of 2 per cent
and It had gone out of circulation"
Where did It GOT" you ask.
ITO Europe" they reply, where the
bullion In a silver dollar was worth
S1.02 AZ measured In gold"
When you answer this that "tho
United States produced about Y35.0oO,-
900 Of silver in 1873 at coinage prices"
and ask: What objection Is there to
settling our foreign balance with silver
at per cent premium instead Of 80
per cent discount as now?" they say
It ID not bimetallism unless the two
metals stay at the exact parity of 16 to
/.
These men do not know what BIZ
metallism is. 1t may be desirable to
let one metal 60 as 1t would be now.
With both as primary money we have
bimetallism and bimetallism prices.
whether One metal has tendency to
leave iis mofx than the other or not.
And II desirable to stop Its leaving n
change IN the ratio will do 1t. and II
necessary can do 1t 30 as to set tho
other metal going. So that we can feed
Europe either metal we may choose.
Here is q sample Of astute arguments
running through tho minds Of metro
politan editors:
"silvef never was the unit. as was
claimed for It. and one Of the best EVIL
dences Of It is that 80 little Importance
was attached to It that only 100000
Of thesA silver dollars were coined prior
to 1878"
Show him the act Of 1873 making
gold the unit. and ask him How many
sold dollars have been coined since
then. II the humber coined is any EVIL
dence of the law nxffie tho unit?" and
II he is an intelligent editor and speaks
his mind he will tell you he is hired
10 write editorials on the subject he
knows nothing about or does not be-
lieye fl. Or that cold. calculating capt.
tai sets the policy Of the paper.
The fact ia that less than half mil
lion dollars In one dollar gold coins
have been coined since 1873 and those
have been found impracticable and
have gone out Of circulation. and by an
net Of Sept. 20. 1890. their further coin
nge Is prohibited.
They will tell you that Mr.. Jefferson
stopped the coinage Of silver dollars
for thirty-four years. but at the same
time they will conceal from you the
Fact that between 1899 and 1910 there
we're twice as many dollars worth Of
silver coined as there was gold coined.
and that the mints were open to the
and unlimited coinage Of both metals
and both were, full legal tender in the
payment OF all dcbts,
They will tell you that the "free-sil'
yer" men are In favor Of silver mono
metallism. And this by n great many
people is believed.
This misconception arises from the
reason that we are trying to restore
ailver-to give It FREQ and unlimited
toinake-the position II once occupied.
u seems that many people do not I'M
defs,afd hat gold now has. rs II has
always had. free and unlimited coin
age. So, that In trying to restcfs siI=
yer we use the term free silver" but
RI are no less IN favor Of free gold"
we are bimetaiiIsts. believing In the
free coinage OF both metals.
The fifty-cent silver dollar delusion
has probably deceived more people than
any ans fallacv connected with the
subject. But 1t will not dcce've them
much longer. We have literature
among the people that makes this 80
plain that even the sehoolboys can un-
derstand It. II will soon be delusion
no longer. II gold had been demone-
FIset ard the mip's closed to Its free
and nniin,itaa coinage hia he .brk ~
redemption money thrown entirely on
silver by the same nations we would
havs had ffty-cent gold dollars MS
measured In silver just as we now have
...!s-ssht silver dollars as measured in
gold.
They say that the silver bullion own
srs are making this fight for silver.
What shout tho, gold-bullion owners
whose metal is favoft.7 nut n "a not
true. No man stands in a position 70
know this better than do. The silver
bullion owners are doing nothing to
nssist In this fight. and they are CIV
Ing no financial assistance. This is
Question OF adopting suitable property
for money Irrespective Of who owns
the property or who may dig 1t out
~ the ground. I would Thousand tim"a
| ffiIef, haNn.sr; brnAas ono section Of
my country and It's peOpR 'hHr cate,
to the interest Of England. whose GO'f
is so dear and TO which we are giving
up our property mt sacrifice and
rdopting a method that will bring ma
tional bankruptcy.
I advise the people to take no ones
word for the facts In this national con-
tr6yeFsy ana To send to Washington
for the following books and docu-
mhnts 1870.
Ia cop, u HE Suisne, laws; \ the,
tend you n copy that ieavcs sst part
Of the sectlond In the net OF 1873 write
back for full copy OF the net
| The statistical abstract
3. The report Of IN. er-r-nry laws
and other information revised % Air
/. 1874.
4. A copy OF the report Of the none
tary commission OF 1876.
9. A copy OF the report Of the none
tary conference OF 1878.
| ~ n uAuvEy