Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1895-06-07

elSnll -Hlne years the TWO uleldlS It.
ceived their value from the same stat
ute law. hence there was no trouble
about ''parity of value" But now, for
twenty-five years gold has its value
from statute law, and silver from i very
different law, that of supply and de
mand. Then is it any wonder they have
had no parity of value on the same re-
to?
Our government having been led into
janus-faced statute making, by the cor
rupting influence and dictation of the
plutocratic money power, caused our
first failure and disgraceful defeat.
Our government, while pretending to
legislate for the masses, by legislation
pledged itself, soul, body and breeches,
in the interest o. the money moLcp :
lists. For the Sherman law says:
at being the established policy of the
United States to maintain the two met
ais on a parity with each other upon
the present legal ratio, or such ratio as
may be provided by law"
The government has provided 10
other legal ratio, hence is pledged TO
maintain parity at the ratio of Is to 1.
Has the government kept that pledge?
When that pledge was made, silver was
worth something over one dollar per
ounce, and the gold had legal value
OF S1S.60l per ounce, and the two met
ais had parity of nearly Is to 1; and
silver slowly declined, in spite of the
government pledge, until it got below
go cents an ounce and gold still 1861
per ounce, making a ratio of about
81 to /.
What then became of the gold-bug's
governments established policy? Any
one can see that our government has
come to humiliation and shame through
the dictation and co1niyance OF the
monopolistic money class. Had that
pledge been made in good faith, the
law would first have given the metals
parity of value by parity of treat
ment, as our forefathers did in 1892.
But "the power behind the throne" that
dictated that law, did not want the
two metals to have parity of value.
Where there is will, there is a way.
Again writer with more brass than
brains, says:
"If we give silver free coinage, Is to
!, gold would instantly disappear from
circulation. contracting the circulating
medium to that extent
If there is any gold in circulation in
his vicinity, he lives in more favored
land than we do. If he had told the
people what part of the circulating me-
dunn, than the dear people would know
how much the free coinage of silver, Ii
to l, would contract their circulating
medium by driving out gold. There is
no gold in circulation, and it is because
silver has been denied free coinage.
History says from 1892 up to 1884 we
paid our foreign balances in gold, be-
cause our coinage laws gave gold a lit
tie lower value and silver little higher
value than was given them at European
minis; then, from 1884 to 1873 we paid
all our foreign balances with silver, be-
cause in 1884 congress changed the ratio
from 10 to Is to 1. This gave silver a
little lower and gold little higher value
than they received in European minis.
We gave silver a coinage value about
four cents an ounce lower than France
and the states of the Latan union.
Hence our silver was sent there for
coinage and to pay our balances, and
at S1.33 per ounce our exports of that
metal paid our balances and LETT some
thing in our favor, which was settled by
sending over gold. Since, and because
silver was demonetized it has depre-
ciated in value compared with gold 30 to
80 cents per ounce, and at that low price
our expectations fail to meet our bal
ances, hence gold is sent out to make
up the deficiency. If we would remon-
itize silver, and open our mints to its
unrestricted coinage, giving it legal
value of $l.29 per ounce, then if Eng
land took our silver she would have to
take it at 1929 per ounce, instead of sc
cents, and the amount we export would
pay our balances and there would be nc
call for gold expectation. The only
way to prevent gold expectation is to
remOnitize silver. The lower silver gets
compared with gold, more gold we have
to send out.
Gold coin is legal tender final-p
ment money because the law makes il