Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1895-10-17
BURROWS POSITION.
The MICHIGAN SENATOR ARGUES
AGAINST FREE COINAGE.
1t Would Expel Our Gold and Gold Paper
and Cause n Disastrous Panic-Result
Of Having Two Dollars Of DiHereut VAL
ues-Evils of q Silver Basis.

Of Having Two Dollars Of Different VAL
ues-E,ils of a Silver Basis.
In an address. delivered at Bay View,
Mich. Senator Burrows Of Michigan
vigorously opposed the free coinage fal.
lacy and upheld our present financial
system. After reviewing our moneiar!
legislation he said;
In tbs first place the free and IN
limited coinage Of silver al Is 10 !
would IN my Judgment expei from our
circulation no, only ou, entire volume Of
geld. but every dollar Of paper money
redeemabie in gold. and cause \ contrac-
ton of the currency and a resultant
panic the like ot which has net been
seen in this generation
This would follow as the inevitable
rssrl, of that law c: monetary science
which where TWO moneys are issued O.
uneQua, value the cheaper will always
expel the deare- from, circu,siion- Ii
certainly needs no argumen. 70 demon
stra,e she truth q tire proposition that
Il TWO dollars are issued. one worth so
cents acd the other 100 cents. the 50
cent dollar Will be the only dolla, IN
circulation and the loo cent dollar viii
txa hcarie: by the hanks and individuals
until the whole vo,cn,e q such currency
entirely disappears This law IS Ct uni
versal application and has its origin IN
human nature itself Nc debtor owing
tlo0 would discharge tina. Indebtedness
IN the more Variable ot Two MONEYS He
would surely make uss q the cheaper
ana retain the 6ea-e- /, twas the knowl-
edge Il this law tbs. guided the fathers
n fixing the ratio in the beginning S:
IS 80 !.
They knew that dollars ot unequal
cunne1cial value couli n. he made TO
circuls.e permanently side BY side. ani
-. having ascertA;nei that 2.a. grains
az pure eoid we-e c: equal valve with
s,i,. grains c. pure silver. they p.o-
v;3ei tc- TIE Coinage q these two c'e.-
as into dollars al the ,a.io1 e IS 80 !.
BE-: the ,r1th O. this principle has been
demonstrated ove- and ove- aSain even
in cur GIVE his.o-y. TIE gold and silver
coins Issued ST the ratio q IS 80 w.
de- tie SCI c: ,,ea shortly became of
unequal c,anmsrc;a, value, tie ta.Go1
II TIE so,d 6ciia- hang q greater vai-e
thar tie tu.,;o1 II TIE silver 6o.iz-.
Tie silver Goi,s- became cheaper than
tie so,i 6ol,a-. sni tie Consequence
was that silver siCre circlA.e-i sid
So.i gradually d,sa- psa-ei. Indeed.
ani to- TIE sane -exas-s. saa coinass ot
sid declined t1- ire go. grains Il
pure so,d provided To- !. the So,d dol
.a- we-e wCcal r2o-s uooa:uei itG
WHEN coirsi, a-d iIs-s.c-s Us coinase
naturally esS-ssi. a-i s;.ve- b1.ioO
a,ocs to-1d Is W.! - ,hs u.a.S {. the
United States
III remains ccir :, ~ inquired wAa;
vc-... ~ ,hs --otah,e e=eci q s3c-t:,s
,hs silver io-,2- = s-.,. grains IS o-
single Standard - v2,1s. Tes S-s- and
n1sl cs.s-: result IS a,-e@aiF nos.cesii-
wo1a b - 6-:7s t-11 C1- c1-clas.co
ev@! oths- 6o--A- = s--s--c. vz,ue,
whs-ae- c. co-1 = Ea-e- Cl- $sal.-
tr.so, 600 {. co,i. r1-s,-.-.-nc ccA-..;-i
f iAs entire wine {. ~ @Esr.
wo-,i n quickly eliminate! t-,z OF
c:-c-,sf:cc ~ ts;,S hcc5sxi q sat
at-czi- to-,cwsi 7! iAs -ss--sls-f u
cc- *4ea. ('.'9. l.,s9 Z. ra-sa- c-2cy r.
css0sh.s II sid. E-oizci,S ccGEsc-
t.oo !. iAs c---scc!. --sxz-r.si :, cC-
h-s1sa-!, = ovs- g.. l'.'l, t.al on, - ~
.a--1wsI :! s-1a-c-A. e1CW-S:1c II
rrs.cs.5ss-.e-: u indian f--ss Il vi.
nj - - *! il.i with .-es .-i MIN
,.e,. c,c.oscs tbs ys- WI. ~
e7,ckf! supplied to- il vo1ii require
IS !s2-s~ With ,bs present esyssc.fy c.
&C: G1rss- IL .sr.scs rs vaSs vc.,zns
q cScy with sl,vs-
Tbs c7os-is-stt;:cc a,acs c11.. - ~
s&c.sri II 6sis- - EV-
Cr-E 2cA hzzz-;c1s rc.scv. Mrs
:As- .h,s- T.s <-ivs- 6,ilz- c: SIN
grains es'asocei z.:s- t,se coioz>s All
,oa -la.-fs-oss. :, .z,iTv NTH rtss a..
DIX. - :. S-sty wo-G III ts, vEG.
- ~ 1svs sssl- 81 cocs SIX - 10 ssTs.
:. rs Sg--c1 vsi-s III; - nth MY
sec-i - cs--s Era! 6S-rs,scr II Nv-
-cs- 1a--ocz- III STATE hanks. -hs toE-
IS = ..aec,ass = lie ~ 81 =. crhs-
---aocs ca-.s--,ss- i-vsS.z-ts =
acsA- al building Asscsc;s-.Gs-ls .s--csSs1.-
~ :! great 1cssy u r,scgis 1znte-.s
-crs ilz- -. l4tHs. ls,aa. wa. - tc-,ss:
- -sss.vs - .sz--- :cr .os-- 6s-,csas.
s-s-@S al i-veS1Csl.s : G.-.s- =
cE,! ccslz. iae v4,es = IL. WITH
Wiki ;os! -l2-.es5. - the sccr--s 81
--c.E-Ae-s 25TZ;a-s = t.1ssSs S-ss7
-.'-r7c--Ds- >--o1ss 81 s-or.s- {.
.crelS- goods sA1-.i ss.s,-= .c;:sssse,: 70
IT, eo7s-z-sal = L. C1sse. States =
To- /" - sll~tss9 :ar c7sslc.s ios-
--ai w--s5 -ceTscf IN :-lG s1,cs-ss-
- $500. = sl-vs- t--,r -: -,ss-
--s-s c-E74<s cccvs-1-> i +,.o -. C,,sa
S-7s- So--Z-S- 81 VIZ. -esse .:--ss,s
10 --,tsseCs.s-ssS - .As Sv-ft
sTs-T --'s11s--Csr ~---i zoi Is -ssaSs-
s1--sol sssss-sCs cls-14-. E-zs Inv 4:
tess- v014i ~ -st3a,:=t. = essl-. Ncs
cE-T les til s. las -ss5- ssz-s q sxs..
81 -L-ass- svs-! s3-k- -ssac,,,a-. railway
@-C-sE 81 -E'-ssvs- u s-a-es Z
,--s wcCE ~ freed - -1ss -osv
~.,c- = Era,---7e - os.ssssz.ssss Z
rs - $3.50 All t2-i.r wVzi5 -rcs-
s;sss EFT -c1s-Sz- q Is -c---s- ----c-ss-
- -'--s-- TT Il E7s1 ~ ---hs-,s
~ E-ocs :. s<s-T--.-- -rl: sS~z-~
b - -2.os = IL --cs- 6sc----ss,::-
b. = w-1.1 ts - a,53sss ezzk :, g.
ts-.t - cz-1l-.-,-s - 5.sas1S- ~ss,S
-. So vC-l5 = s-s l. s-u'T
4