The Louisiana populist., 1895-08-09
ICAN'T BE ANSWERED.
THIRTY REASONS FOR FREE
COINAGE OF SILVER.
Financial SCHOOL, Proves Conclusively
That the Free Coinage of Silver at n
Ratio of 16 to 1 Is Pro Bono Publico.

The following are the thirty rea-
sons for the free coinage of silver at
the ratio of 16 to /, given by w. II.
Harvey, author of Coins financial
school,
/. Silver and, gold at about the
ratio of 10 to i have been used jointly
for hundreds of years with satisfac-
tory results.
9. Seventy-fve per cent Of the peO-
pie of the world now use silver money
exclusively.
3. The cost of mining silver has
been urderstated by the gold stand
ard men. The best authorities say
it has cost more to produce pound
of silver than a pound of gold.
4. Gold can be boarded by a few
capitalists and the world suffers.
With two metals as primary money
(gold and silver this could not be
done.
5. The supply of gold is inadequate
to the needs of commerce.
6. Gold does not increase as fast in
proportion as does commerce.
Z. While in 200 years there was un-
der free coinage a variation of only
about one point, in twenty-one years
under demonetization there has been
variation of 16 points.
3. The decline in the market value
OF silver has been mainly caused by
its demonetization in 1873 and in the
years following. aud the fall in prices
of most commodities In the United
States is due to the demonetization OF
silver in 1873.
9. When silver was demonetized, in
February, 1873, silver as measured
in gold was at q premium. The ar
gument of deprecated silver could
not then have been made.
10. England, by her possession in
Africa and her stealing of territory in
Venezuela, controls most of the gold
supply of the world and gets the bal
ance by reason Of the world owing 1:
to her on gold notes and gold bonds.
IL. Except some silver production
in Australia, England produces prac-
tically no silver.
II. The United States produces
from oLe-third to one-half of the sill
YER of the world. She certainly has
the power to control the silver market
and yet she has not only not resisted
Epgland's repeated attacks on silver
both open and covert, but has assisted
that nation in the discrediting of sill.
yer and the lowering of its value.
IS. All single standard gold mer
whose opinions have been published
agree in the statement that il the ma
tions of the world, or if England alone
would consent to an international
agreement the ratio of 16 to l would
be easily sustained.
IA. 1t is vain 10 hope for help from
England in the efforts to restore silver
to its former position. AS the great
creditor nation she thinks it is to her
interest to make money scarce and
dear. (See Gladstone's speech oi
March /, 1887
Is. Only per cent of the business
of the people Of this nation is carried
on with foreign countries. 1t is bet
ter to legislate for the SO per cent oi
domestic commerce than for the 4
cent of foreign commerce.
16. The constitution OF the United
States gave power to congress to coin
money and regulate the value thereof.
Said Daniel Webster: IL am certain
ly of the opinion that gold and silver
at ratio fixed by congress constitute
the legal standard of value in this
country, and that neither congress
nor any state has authority to estab-
lish any other standard or to displace
the standard
H.. The reduction of the quantity
OF primary money reduces the price
OF labor, property and commodities.
18 Property measures its value iu
money and money measures its value
in property. Money may increase in
value by reason OF its security. When
this is the case it buys more proper
ty, property buys less money.
19. 1t is absolutely certain that leg.
islstion reduces the volume of money
one-half by dcpriving silver OF its
monetary function depresses prices
and enhances the power of the re.
naming half. AS the strain upon the
remaining half increases this process
is liable to go on until values are sc
reduced as to paurperize mankind.
20. The United States has reduced
its debts from 81, 700, 900. 900 in 1865
to 500, 200, 900, yet it will take un-
der q gold standard as much of our
property to pay the 81 200. 900, 600 ss
would have paid the whole debt ir
1859.
21. There are but s., 900, 900. 900 o.
gold in the world. II this could al
be inclosed In a solid cube it would
be less than twenty-five feet in diam
eter.
22. The main use of silver was Il
circulate as money. Whom nations
stopped coming it the demand fell off
and the price also. II this nation
with such others as would be easil,
induced to join it, should remonetiz'
| Ir,l -. I'D