Mohave County miner., 1895-07-20
4 Sitter Siandard CountrU


 aggregate of the purchasing wants of the people. The demand for money Is for only two purposes--io pay debts and purchase things, aud the greatest de mand IS for debt paying purposes. The greatest demand is what gives the fixed value to money. The statement that silver dollars get their value from the fact that they are representatives of gold dol. lars is an error. No silver dollars ever were redeemed in gold dollars, and there IS no law providing for such redemption.
 Silver dollars can be used to purchase or pay for anything in the United States, because they are legal tender. For this reason our silver dollars are worth 100 cents in gold, less cost of exchange, anywhere in the world, because all the world wants things which the United Stater has for sale. The same is true about Mexican dollars, because Mexico does not produre great quantities oi things which all the world wants In other words, the commercial position of Mexico Is not strong enough to put silver to par with gold The commercial DO sition of the Uolied States is strong enough. Ii We were to open our miurs to silver, all the world could send silver bullion here to he coined. after which the coin could be used to purchase TX. ports. This would make silver bullion worth everywhere as much AS our coln.d silver dollars.
 The question, then, is--would our si yer dollars decrease in value measured m gold. or would silver bullion rise 10 our present monetary value oi silver :? If our silver dollars would decline, then, of conrse, gold coin would he worth rhp mos', and we sould he on silver basis, and we would have all he bonefits of silver standard which We have pointed ont. II, on The other hand, silver bullion advancen to the coin value of silver, gold and silver would he At par, and we could not he on d silver basis Which of these two is the most probable?
 The course which ihe price of silver wonld take would depend upon the two thing which always regulate price--th-y ATS supply and demand What has been ihe supply and demand in The pas, nd what would they he if rhis country were 10 adopt free and unlimited silver coin. age on A ratIo of Is tol?
 There IS no one now but fools or scoun. drels who claim that he price of silver was pushed below sl 29 an ounce-3ur coinage price-by anything except rhe decrease of demIn can-ed by closing the hints of Germany, the Latin Union. the United States and Inhi. to it. Re opening all these hints would undoubt. edly restore the price, hut would reopen Ing the U. S. hints alone do il? Would our hints alone create a demand equal to all the supply?
 The best authorities in the world agree that 65 per cent Al least of the worlds production of silver is used m the arts and not in coinage. The average coin age value of The worlds production of silver during the past few years has been s200,000,0O This would leave ,vailahIe for coinage, after deducting ihs amounrs used in the arts, for all the world only s70,0G0,000 According to the U. 5. mint report the average amount of silver annually coined in the world is $l43, 900, 900, emitting odd thousands How much of thIs is recoinage is not stated Certainly not over half of it can be such, so that the world now requires for it's minor coinage all the worlds production of silver which goes into the market for coinage. We know tbls must ne the case, because it is used up as rapidly as produced. There is not today in all the markets of the world, outside of India and China, as much as 10, 0,O00, 900 ounces of uncoined silver bullion. In the United States, outside of the stock in the U. s. Treasury, there have not been 3,0OO, 900 ounces of bullion at any time for years The annual product of silver cannot there. fore, judging from the past, be danger. ous factor in furnishing a supply greater than the demand. Is there, then, any great quantity of silver which could be "dumped" n this country to increase the supply? No man of sense and honesty now claims anything of the kind. All