The Indianapolis journal., 1895-06-24
AGAINST FREE SILVER.
Financial Facts and Figures That
Will Repay Careful study.

New York Sun.
A man was expressing the manuscript OF
a book and a box of electro cuts TO illustrate
IL to Chicago publishers yesterday The
book was entitled ELI Perkins on Money
Gold or Silver?' Mr.. Perkins volunteered
this explanation:
1T is an answer to Coin and all the farce
coiners. I have had the assistance of Mr..
Carlisle and Superintendent Preston, OF the
mint. and i try in this book TO show I'm
plain. simple Anglo-Saxon, that a house
painter can understand. that the arguments
OF the free coinage people are simply wind
and whitewash."
"Are you bimetallist in this book" was
asked.
Certainly. Every civilized nation uses
the two metals-gold and sllver-but the
United States is the only nation that has
coined as much silver as gold. We have
been rank bimetallists. We have stood by
silver too long. We have coined $s25, 10000
worth Of silver and $s2e.soOO0o worth OF
gold"
What have the other great nations
coned"' was asked.
why, they have coined less than half az
much as We have. England Uhe United
kingdom) has coined and has on hand sli2.-
100000 worth OF silver and $3.50. 600 600 i'm gold;
France has As2, 100000 in silver and sS25 ,OoO.-
vo ~, IN gold: Germany Ger has only S2l5.Oco.coo
IN silver and s62o,0o0.00o in gold; Russia has
only $iS,OoO,VO0 IN silver and si55.VD.O 600 IN
gold"
Then We have coined about as much
silver as all Of them together
Not quite. These four great nations.
with population of 24sooo. ooo people have
on hand s76000.Oo0 in silver, while We, with
100000 people. have 100000 In silver"
Why. sos, 100000 lies piled up in the
treasury. Ii Is rusting in the vaults, pay
ing no interest. and dropping in value.
freight free. but he can only get $56.oo0 0o0
in circulation. The people won't have IL.
They sling 1T back to the banks. and then
the Tree silver men Jump up and cry, we
want more silver They say, The people
want more silver.' They say, The poor
And how much of our gold is In circu-
lasiSnGs .%hy. every solitary aoi,.r-,s,s oao .,o
worth Of 1t. The banks only hold sl2s,oeos-
'Y0g don't say the Nation has no gold
ooo "No No gold Of our own; We borrowed siOa.-
cent, and spent that running the govern
ment-and we've got to pay It back. Then
the RotSsc sed Ss eSoS EDss5 more from
cent, whf own people were crying
for II at cent, and that we've got
TO return Did. To tell you the honest
truth, this Nation has got just S90.000.OoD
worth of borrowed gold in the treasury.
1t isn't ours. 1t is borrowed to prevent q
god Sae to the eeope Miie e bia IN
bought gold when We coined that s50s,0 ,000
600 worth OF silver now lying idle I'm the
treasury, as England. France, Germany
and Russia did, we would be on top to-
day. We wouldn't be the laughing stock
Of Europe then"
Did England and the other nations stop
coming solver?' was asked.
"Of course they did. They rang the bell
and put out the red red light against silver
STAG. 100000 in gold and only $14Oo0,00o in
silver; France has coined sl3.0o0.000 i'm gold
and not a @ cent It Of silver. and Germany has
In silver. They have been hugging the
shore, while our miners and Populists have
piloted us into deep water"
How much silver is there for each per-
son in the big nations?"
I'VE have 50 in silver for each person in
this country, but the people only take 20
ury. England has s2.ss per person; Ger
many has S435. and France has si2. but
sot ss of i lie lies idle and all silver conags is
Some nations have free coinage"' sug-
gested the reporter.
"Certainiy-and look at their condition.
still worth 100 cents in gold anywhere on
earth. But in the free-coinage nations.
free coinage has bankrupted those nations.
their dollars are worth 50 cents. They have
no gold. Gold has fed with free coinage.
China has no gold at all. you say?"
None at all. China has s750. 10000 worth
OF ffty-cent silver. and no gold: Spain.
sl66. 900 in silver and s40.0O0.0O9 in gold.
an and Mexico has $5o.oOo,0co in silver and S.
900 in gold.''
lates In those free coinage countresg'
China has 1926, while the United states
japan. "a. There is poverty for you
Who suffers from free coinage there
Every one. Every man has lost half
China or India who was worth 81 900 thirty
years ago Is worth 800 to-day. The pay or
the laborer has not been changed, but
when went to China" continued Mr..
5000 in American dollars. When ! got
there found $4,000 to my credit in Mexi-
can or Japanse dollars. Now. who has ever
Not a man. IT as good as gold Our good
government has put gold under IL. But
free coinage would break the camers back.
Ii would bring us 10 the level of Mexico
and India
what would be the first result of free
''Ali gold would hide away. Then We are
now exporting annually s40.o00.0oo worth or
commercial silver and selling enough 10
j. The free silver.tes want their silver
coined like our coined silver, 10 10 j. Ell
handed back 10 them. With the goveia-
ment paying double value for silver. ex-
portation would cease end the government
would pay the miners $S0.c0G.0o0 for what
they are now selling for s4ooOo,ooo Then the
output would increase. We mined SszOS.ocg
worth of silver in 1892. In 1896 we world
mine 500 900 with the price doubled We We
would have TO take IL and guarantee II legal
tender with gold under II. IL would take
500. 600 600 to do this-l6 TO l. Can we do II -
How about Mexican and India silver
"Ah that would come TO us like dfluge.
We have no tariff against silver IL would
/ pour in upon us: 700 people would
unload on 100000 There has been ruined
during the last 800 years $40 0e.0o,oc0 worth
of silver. The world mined 500, l65 600 wort h
| of ffty-cent silver last year. This would
! come rushing in upon US. We would be the
dumping ground OF the world. We could
rot coin f. and when we stopped our guar
| antee all our coined silver would fail back
| from is 10 TO 32 To I. We would have the
| ffty-cent dollars OF China and japan, with
no gold in our treasury, and be the laug h
| ing stock OF the world. Keep out the red
| lantern" said Ell. there Is danger ahead"
Il