Pine Bluff daily graphic., 1895-05-29
RGEST DAILY CITY CIRCULATION.
"CHALLENGE2 ANSWERED.

A "C'H1LLENGE ANS WEhED.
 Ion. John G. Carlisle in his $ ,eech in Memphis, in attempting prove thatcoinage and legal ten. C r laws have no power to increase value of a money metal, declared 1 tt if silver dollars of the United tes should be taken to any
 eign country they would be worth z ly as much as an equal weight of
 coined bullion. We have hereto
 e commented on this statement. I ere are possibly, however, mum | of people in this town that think " assertion made by MT. Carlisle will do to gamble on. We, therefore, aVain place the following proposition | fore the public for the benefit of whom it may concern; A wager of $20 against $10 that cargo of United States dollars in London or Liverpool would be worth approxi- mately as much as the same num- Der of gold dollars, or that every sixteen ounces of such silver coin would be worth approximately as much in those markets as one ounce of gold bullion or the gold coin of any country upon the face of the earth.-Memphis Conn nesrcial-Appeal.
 The brilliant Carmack is very able and subtitle, and has adopted a very ingenious method of answering Mr. Carlisle in the above schal- lenge." There is not man of average intelligence in this country vno does not know that an Ameri- e5n silver dollar is as good aud will tlv as much as a gold dollar any
 ere the world over, hence Mr. armack can make his wager in
 ety. But there is q reason for is, as Mir Carlisle explained, which
 that we have only ltant q silver mage in the United States and the
 yer dollars coined in this manner
 the property of the Government tn the credit of the Government
 dged to their redemption in gold. IF present. silver dollar is worth
 ollar in gold the world over sin - ply because it is redeemable in and exchangeable for gold, and not e-cause of any intrinsic or conner ( al value This is not true of any fee coiaage country, where the 4dit oi the issuing government is Lot pledged to theif redemption in Id. For this reason an American yer dollar is worth two Mexican s yer collars, and yet there is more silver in Mexican than an Ameri- e<sn silver dollar. Will our brilliant friend Carmack deny this, or will he ny the fact that there is not a ee silver coinage country in the orld that Is not on silver basis, d that their silver dollars in in i rnational exchange are worth only cir bullion value? This is what 'eretary Carlisle explained in his
 nphis speech, and at which time
 main tained that with free and
 iimited coinage of silver in this
 lntry our silver dollars would be
 rth o,t their bullion value in
 aign markets Secretary Carlisle
 sntver eonteuded that our pres
 silver dollars are worth less
 tn their face value anywhere, but
 is due to the reasons already ex
 tined. But how would it be witf ee coinage? With our hints open t( .e free oinage of silver at 16 to
 y owner of silver bullion the world over could take fifty cents svorth of silver bullion to the mints Of the United States and have il lined free of charge on private ac count into silver dollar The stamI the Government only attests the weight and iineness, and creates nc alue. It may be made legal ten oer by the laws of this country fol a' debts public and private, but without the pledge of the Govern rent to redeem it in gold, the silver dollar under free coinage would be worth only it's bullion value in inter national exchange.