The Monticellonian., 1895-05-10
A COMPOSITE DOLLAR.

The Detroit Tribgne has hit upon a plan which 1t thinks vii successfully solve the cx- isting monetary troubles and prove satisfactory to the people ot the Nation. The Tribune pro poses the creation Of q new dollar composed of proportionatt parts of gold and silver, and ad voeatcs the composite dollar as measure easiest to effect with the least disturbance to business of my plan suggested. II proposes .thatau existing coinage laws be repealed and that there be enacted a law creating new American dollar which would bc the sole stand ard coin of the Nation, the dollar to be com posed Of 206 grains of standard silver and f2 9.l0 grains Of standard gold. fused together and struck into a handsome coin about the size of the prcsen half dollar The coin would be ab- soutcly staple in value for, in case ofdisparity at any time in the commercial values in gold and silver, what was lost by the depreciation in one metal world he made up by the exactly corresponding appreciation of the other"
 While the suggestion comes from Rcpubli- can source. 1t !s nevertheless wise one and if enacted into law would no doubt go far in solving the difficult prob cm now confronting the American people. But IL will never give satisfaction to the silver king bulionaircs They are not bimetallists. They want no linn tied coinage. Nothing short of free and unlim tied coinage at t6 to l. while the ratio is 26 to J. will satisfy their selhshness They want privilege accorded no class of people on the face of the earth, viz: the right 10 take 50 cents worth of silver bullion to the government hints and have it coined free of charge into a silver dollar. By act of the law these people are to take the place of the heretofore protected plutocrats and become the pnmpered pets of the Government. For fifty cents worth of sil- yer bullion-and that which cost them less than fifty cents-they are to receive in return dollars worth of labor or d dollars V orth of the farmers products. By one proposed act Of Congress the wealth Of tIe already multi.bul- iionairrs is to be multiplied loo per cent From the foundation of the Democratic party it has been committed against class legislation. and aftrr Il l ng and hard-fought battle the bcne-
 ielnTies ot pro ccfon have been hurled from their plaee 0f vantage. but no sooner are they jcthroned than il is proposed 10 take mp anoth. TT class and make them .he benefearics of the Government at the expense of the people, What do these silver huliauares care for bi- metalhSm except te use it nsa mask to accom- pish the selfish purpose of doubling their for tmes2 Therefore, anything short of free and unlimited coinage of l6 to will not gain their favor They are not bimctIlists, they are sll- yer monometalsts pure and simple.
 The free coinage of silver limited to { c American product, ut which il is possible that the par " between gold and silver might be maintained does not suit their purpose. Keith er would Il composite dollar meet with their ap- pFoYal They want to reduce this country to an absolute silver basis and Mexicanze Amer iea aud her institutions.
 Let's inquire into it. The countries that are on silver basis are Mexico, the Central Amer
 ieau States, China an Japan. In Mexico the wages of the common laborer per day average , about a7 l2 cents in deprecated silver; in Ja-
 pan women work for and ceuts per day and men for r l-2 to h cents day in silver When
 II is remembered that dollar in American coin
 is worth two dollars in Mexican coin, our peo-
 ple can form some adequate idea 0: the worth
 of wages in silver countries.
 , The Graphic does not believe in single gold a standard or in single silver standard. We are
 the relentless en-mz of either, We believe in
 the true principles of bimctallism-the use of Q both rod and silver each to be of equal and
 int rchangeablc value, and each of equal pur-
 hasing power in the markets and in the pay , ment of debts. That has been the policy of the :. Democratic party from lime immemorinl, and.
 sink ar vim. HYeor 5Ie. Suruivc or perish. " hbtAi tildt tftelih NN punt our nc hiuil :. Graphic.
 'f The editor of thls paper suggest . ed the i'lea ot blending the money : metals over year ago as a means
 of solving the financial problem;
 and we are glad, now, to find oth- , CTS coming 10 the same conclusion, [ even though they beleivo it origi-
 nal with them. 4 blending of the . metals wonId make a safe. sound T and staple money and do away ? with the warning of one against Z the other.