Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1895-10-24
FREE COINAGE A FALLACY.
Such Is the Opiaion of a Fergus Count,
Resident Who Seems to Have Studied
the Problem.

Free and unlimited coinage of sill
yer possesses NO practicable elements
which is likely to develop into stay
ing qualities, and ii brought forward
and presented to the people this fall,
as an issue. it will he more for its
contortional features than sterling
worth.
Free and unlimited coinage will
not enhance the value of the white
metal. This is simply an unoccu-
pied structure under architectural
manipulation i'm front of the peo-
pie. The real object is not to enrich
the nation, or better our present
facilities of exchange. but rather to
rob the government in broad day
light. under the endorsemen. of if:l
citizens. BY free coinage the ma
ton lOcalizes silver and virtually
restores the coin, (as final payment
boundary only.
The parties directly interested and
to be benefited i'm this distinc lively
personal issue, are the government
and the capitalists. The govern
ment receives, and should by right.
hold the seigniorage. The seigniorage
is the difference between the COM
mercial and stamped value of the
coin.
If the United States government
with 60 cents worth of silver can
make an eXchangeable value of one
dollar, then purchase with this toker
of exchange i'm the open market a,
commercial rates, one dollars worth
and make ii final payment none.
for one dollar, there is a clear profit
of 10 cents on each dollar coined
This falls to the government and !,
kept as security for guaranteeing
the fixed purchasing power of eacl
piece coined, at it's face value. will
60 cents worth of silver embodied il
each dollar. and ~ cents worth KEEP
out by the coinage of each piece, 1,
remain i'm the government vaults
subject to coinage i'm the future "A
the wants of the people demand
BY this system, the commercial fiuc
tuatiOns i'm the white metal does no
exchangeably affect the face value q
the coin and the government is ade
quately secured against loss i
balancing and the people are no
called on to pay a cent,
Now on the other hand, the capl
talist or pOssessor of bullion-alOn
receives the financial advantage
attached to a free system of coinage
The government has to guarante
the purchasing power at the fac
value of such coin. This respOns
lbility must be assumed, regardless
cial value of silver before. and tina
after coinage, the capitalist-stOc
owner-pockets this difference j
values, and the discrepancy iscarrie
to the laboring mans account. il
dexed double $. Swear and SWEET.
simply ask, why should the cap
talist possess this advantage owe
the government, that for every I
: cents worth of silver presented b
him i'm bullion, il he made lawful ft
him to- pay out in exchange for
dollars worth of labor and commod
ties accordingly. Still further. tha
no expense be incurred by him,
allowing his metal to he converte
into shining dollars. That his dut
! as partial mine owner. shall consil
i'm carting his bullion to one of I'll
government mints and return ;
pleasure. with his share of it in col
All this in view of the fact that v
are paying an enormous interest Il
money borrowed to pay in part, Il
= employers of this special industr
By conveying this stupendOus m
nopoly to the capitalist-the pose
sor of stock Investments i'm mines
the government il deprived of Il
h seigniOrage, and we the people. ha
to pay the difference existing betwe,
the commercial and face value
the coin. This silver coin whi
bears the government stamp of o