The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-07-07
FREE COINAGE.
Ell Perkins Quantity Tells Some On
pleasant Truths.
Nnw yark Sim


pleasant Truths.
New York Sun.
A man was expressing the manuscript
of book and q box of electro cuts to
illustrate IL 20 Chicago publishers yester-
day. The book was entitled .EH Per-
kins on Money-Gold or Silver" Mr..
Perkins volunteered this explanations:
1t Is an answer to Coin and all the
farce coiners, and l try in this book to
show In plain, simple Anglo-Saxon that
a house painter CAN understand that the
arguments OF the free coinage people are
simply wind and whitewash.'
Are you a bi-metallist in his book Pc
was asked.
Certainly. Every civilized nation uses
the two metals-gold and silver-but the
United States Is the only nation that has
coined as much silver as gold. We have
coined s625, SOC, COO worth Of silver and
S626.600. 900 worth of gold
What have the other great nations
coined?" was asked.
why. they have coined less than half
as much as we have. England (the
United kingdom) has coined and has on
hand $112. coo. 900 worth of silver and $780,
000.000 in gold: France has $492 200, 900 In
silver and $Ss5 000. 600 in gold; Germany
has only S2l5. 0o0. 900 in silver and $S25 Co.,
900 in gold; Russia has only $4s. 600 600 in
silver and $40. 600, 000 in gold"
silver as all Of them together"
mot quite. These four great nations,
with a population of 24a. 100000 people,
nave on hand sS7s. 900, 900 in silver, while
we. with 100000 people. have s625. 0O0. 900
in silver
Where Is our silver now?" was asked.
why. SIS, 000. 900 Hes piled up in the
treasury. 1t Is rusting in the vaults, pay
Ing no interest. and dropping IN value.
Carlisle is begging the people to take it.
freight free. but he can only get So. 900 600
in circulation. The people won't have 1t.
They sling 1t back TO the banks. and
then the free silver men Jump up and
cry, We want more silver.' They say,
The poor people are dying for silver
Coin more.'"
'And how much OF our gold Is in circu-
lation?"
''why. every solitary dollar-ss26 900. 600
worth of it The banks only hold $12S.-
O0.0O0''
''You don't say the nation has no gold
at all?"
mo gold of our own. We borrowed
s100. 000. 900 from a few Americans at 3 per
cent, and spent that running the govern
ment-and we've got to pay II back. Then
Cleveland borrowed $50. 600 0o0 more from
the Rothschilds and the English at per
cent, while our own people are crying for
1t at per cent, and that we've got to
return in gold. To tell you the honest
truth, this nation has got just $50. 600. 900
worth of borrowed gold in the treasury.
It isn't ours. It is borrowed TO prevent
a run on the treasury. with 500, o00, 900 In
gold due the people besides. o, II we had
bought gold when we coined that $685.
900 900 worth of silver now lying idle in
the treasury as England. France, Ger
many and Russia did. we would be on top
today. We wouldn't be the laughing
stock OF Europe then
Ibid England and the other nations
stop coming silver?" was asked.
"Of course they did. They rang the bell
and put out the red light against silver
years ago. Since 1890 England has coined
sf46 600, 600 IN gold and only si$,oo0. 600 IN
silver; France has coined s13. 900 in
gold and not cent of silver. and Ger
many has coined $40 00o.000 In gold and
only s4500010 In silver. They have been
nuggIng the shore while our miners and
Populists have plotted us into deep
water"
How much silver IS there for each per-
son IN the big nattons7'
1--WE have 50 in silver for each person
in this country, but the people only take
TO cents They kick 81 back into the
treasury. England has SO per person:
Germany has s435. and France s12, but
50 OF II lies idle and all the silver COIN
age is stopped. and their red lantern
hangs out"
Some nations have free coinager
suggested the reporter.
..Certainly-a7d look at their condf-
toni They are bankrupt Our silver
dollar is worth 100 cents in gold any
where Oh earth. But in the free COIN
age nations. Ike Mexico. japan. China.
and India where free coinage has
pankrup.+sd those nations. their dollars
are worth 80 cents. They have no gold
Gold fed with free coinage. 1t will do
eo again