The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1895-08-17
rue PEOPLE AND THE MONEY.

rue PEOPLE AND THE MONEY
...,ou. Argument of Free Silver A''
Tho ner CAPITA of money 10 Popu,
e q obrase that is tossed aoou.
'~n and free silver advoca.ea
w. draw conclusions from sta'n
=. chow that free coinage OF sn'e
.,,Id Increase the per capi'" -
.onsv and with money more pisnsr
ss, cages would increase, proauco
would bring greater prices anu
would be better everywhere .bs
The argument is challenges yA;ah
"Rhode's Journal OF BANKING
nroceeds to say that the high per. csp
TO amounts are found in coun'l,es
that have the gold standard, anu .no
Richest in those countries tna'' oo
: lining the gold par, use as large an
. au,ount of legal tender silver as 'hey
= can maintain at the gold par.
Nav the condition Of France wnere
!. Tho ner capita amount OF money
y ro.te than that of any other nation
"a p the world-sa8 20, of which $si.'4 ~
% la s,o a, oliver and So. 81 paper-re-
% minds one in some respects Oh 'ns
~ I-N:ssa C..+es. for she uses both goid
90 s;1,,.- and her silver legal tender
!" l;ka our own. is q coinage OF
u a.. rsst and her mints are not NO"
- omen to silver. The proporuon' nov.
p aver of her gold to her silver Is
&c Greater. for Of the per capita amou ar
u.s. - money in the United States, Sso.o!'
US 90 % Is cold, s9.0s silver and $3.50 is
ar paper. -. ot.s that
c,;na.s ner capita, only $2.0S. is all sill
re cor. that midas $3.50, is $3.2l silver
,ot and IL cents paper; Russias CO. %, =,
~ which 1907 is gold, 50 cents silye ..s, =,
ia "a. 81 paper; Mexico'S A-7i, OF wn'en ;,
nst cents is gold, s4-1s in silver anu !.
,nt cents is paper; and an examina''on =. -
~ ali countries shows that gold anu si
%; yer together, save perhaps IN Urea
britain. form the basis OF circuia'io'
in those countries where wealth. an
as civilization have made most progress
Io and the conclusion may DC lairi
icn arawn that 1.-THE single standard Q
% silver adopted by any country is sur
20 lower the per capita amount
ing money in circulation, and the yer
aec has;s Of the claim of the free coinae
'wn .dvocates. that by the opening OF IN
i. ~ n;nts of the United States TO siivf
hic" - ratio of 16 to 1 the volume
rnonev would be increased, Is disprov'
to- lby these statistics.
W Reference is had to the cheapness
,;.ad labor in China and. India, ana .ne
~ sert;on is made that 1.-THE adoption
1a "a free coinage By the United States,
~. stead of increasing the wages OF iao'
20 would reduce them by the scarcity
r ,oa inferiority of the money 1t wouio
p for troduce."
lo' unouestionably the worlds proo'
na ton Of precious metals, however
'ol'' ao;ro more than anything else
l. ao soual;ze conditions and dispel the D.
an ~ - 81 monometallisun, gold or silv
antIv Last year. $24, $4,000 more Oh
= ~ was mined than in 1898. an increas<
rraer over is per cent. New COLO mines =
Labor been searched for and Ola ones !.
anavn developed their output And' aesl
- 10 the diminished price OF silver ns
- duction also has increased: In 1879
$3.50 worlds silver product was S2oe' ioo'
pep and last wear it was $2l4. 4sl 100
y Place these two items IN 1uxsaF
nd of ton: go, x,r
on+hs Worlds gold product, 1924 sis.'oa,
Worlds silver product, 1895, 2l4'ao'
princi- Inc one piv U,' ,,rod ,ct;on of no
to the the otner' 49,. rroductio
ice on raploiy Uso' " th.s. nrec;ous
es it to silver. ine 20. r,.nt;t;es of
their ais IN 'ne ar's le" =. r,,rnoses.
, twice nearly equai i1' Ss.e,,;st rises 1
4 such the tnougn,iul Iii, ha before
re wise quire now ionk LIE thamselve
to the condinons VIII srt;ons- 81
E great spite OF ieRls,a s.on' Albanv Jou
~. dvfv speeches anu essay D