The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1895-06-07
AFTERNOON SESSION.
WHO WILL PROFIT BY TIP
The Colusa 'sSun'' on the Financial
Question.
From the COlusa SIM


From the Colusa Sun.
Working people, it is claimed, ought to
be in favor OF the free coinage OF silver by
the United States at a ratio of 10 to /, in
dependent OF the action OF any other
commercial nation; and it is further
claimed that farmers, as a class, are in
the same boat. Now the working men
and women OF California have deposited
| in the banks something like one hundred
millions OF dollars, and the little bank
books IN which the amounts are credited
do not state the kind of money in which
| the depositors shall be paid
Nearly all the farmers have given
mortgages payable in gold.
| The Gresham law is not denied by any
! one. 1t is not denied that If dollar of
any kind OF money is worth more in one
place than another, be that place London
/ or Honolulu, the dollar OF lesser value
will seek market and become merchan-
! disc.
| a pound of gold will now buy in the
markets of the world thirty pounds of
silver, whether for coinage or for making
! spoons. The United States coins gold
and silver al present, making one pound
of gold into as many dollars as it makes
of sixteen pounds of silver but it keeps
the coins at par by exchanging the one
for the other.
OF the money the people get they can
have just as much OF il In silver as they
like. Any man can get either gold or
silver If he have anything to give for it
| and is not forced to take anything.
1t is now claimed that it is better to
! have the Government coin all the silver
any body brings, having in each dollar
just as much money as at present, and
force every body to take these dollars; in
other words make it the money of the
country.
l. Of lot
pose free silver" in vogue; Bridget
! Seaman, an industrious and saving
woman, has for the last ten years de-
posted her earnings in savings bank
and then her little book calls for 81, 600
plain s., 900. She walks into the bank
and says:
II want to sind wan thousand dollars
of me money to me father, Patrick Scan
Ian, County Cork, Ireland, and be after
dhrawing that much"
Certainly, madam; here is your money.
| Anything to put it in?" and 81, 900 in
silver is counted out to her.
But, sur, l wants the gold money: I
promised to sind him 81 900 In gold, don't
you seeW
this country, and we can't pay you in
anything else. Skinner, the broker, just
around the corner, will perhaps accom-
modate you. He has gold for sale"
Bridget pays visit to Skinner and re-
turns.
"Be CORY, mon, that robber Skinner
wants $1,000 for l,000 and indade that
takes all me money!"
"A bad state of affairs it must be adj
miIted, madam, but | don't see how we
can help it; silver is the money of the
country, and we can't pay out anything
else"
well. thin, must draw all me 81 900.
for l promised to sind 81 200 in gold''
Exit Bridget, Juggling a sack full of coin.
walking in the direction of Skinner's.
and enter Farmer Haygood, who throws
down large carpet sack OF money on the
counter and says:
Il come to pay off that little mortgage
Of s., 000."
The banker gets the mortgage and
reads: 1.-TWO thousand dollars, gold coin
OF the United States" and bIandly con-
tinues: You see, Mr.. Haygood, this note
calls for gold coin, and of course we can't
take silver, which is not worth SO much
as gold"
but, sir, silver is the money of this
country, and legal tender for all debts.u
"Yes, for all debts where there is no
special contract: You have contracted to
pay gold, In fact. Mr.. Haygood, you
borrowed gold"
but how am to get the goId?,
skinner, just around the corner. will
perhaps accommodate you. He deals in
gold, am told.'
Farmer Haygood throws his sack over
his shoulder and starts for SINNERS
office, and returns with one-thirty.see-
ond part of the weight he carried sway
and says: well, had hoped to paw off
that mortgage, but see can only mako
payment on it. Credit me with this
one thousand dollars on my note. Whan
/ went TO sell my wheat Gougem told me
that he had to sell in gold market and
and as he was paying silver he had to
watch the wheat market and allow a
margin on that and watch the silvar
market and allow a margin on that. and
now Skinner tells me that he can't nax
rent and sit in his Office dealing in gold
without a margin, and between ali the
margins come out at the small end of
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