The Daily Texarkanian., 1895-10-09
G0LDBUG sILLINEss.

The poor old Courier-Journal, re-
plying to some imaginary "Silver
freak, declares that the silver dol
lar "Was not struck down" in 1878,
because there was no silver dollars
then in circulation, the silver dollar
being at a premium. The supreme
Stiffness of this kind of gibberish
shows just how little thought the
editor Of the Courler.Journal has
given to this question since Mr..
Haldeman woke up at $3.50 in the
morning with an order to put on
his pants, conc to the Office ded
change views on the money Ques'
tiou, and to be blanked quick about
1t, as it was about time to go to
press When Mr.. Watterson was
the "prlze silver freak" of the whole
mcnagerie, which he was up to 230
a, m, April l3, 1893, he could at
least write something originalj now
he simply repeats whatever goose
gable he happens to hear from the
gold standard press. Silver was
not down, was not demonetized by
the act of 1873, because It was not
in circulation Well, then, when
was it demonetized2 If the act Of
1878 had never been passed would
we not have free coinage of silver
today2 But the silver dollar was
at premium and was not in circu.
lation, So the gold dollar was at
premium and not in circulation
it was at a premium over the paper
money Of that time, According ID
the Watterson logic, therefore, II
the act of 1873 had stopped the
coinage Of both gold and silver il
would have made no difference,
What every man of tolerably good
sehse knows Is that the right OF
free coinage gives the debtor always
the right to pay his debt ia the
cheaper metal, If one be cheaper
than the other, while the single
standard policy forces him to pay
always in the dearer metal, The
Courlr-Journal also says II there
had been any silver dollars at that
time 1t would have been the right
policy to strike II down according
TO the free silver logic" There be.
ing absolutely no sense in this az.
sertlon, It is only worth while to
say that the goldbug logic was
to demonetize the dearer metal
In 1873, and the logic would
be as good today as 1t was then,
Further soldering, the Courier
journal says that "the people Of
this country do not want 4 dollar
that Is worth one thing today and
another tomorrow, and that 'the
only honest dollar Is the 1O0.ceut
dollar The gold dollar then, Is
the very thing that the people do
not want Measure II by anything
In the world except It's precious sell
and It's value has luctuated widely
and violently But the 'ouly hon.
est dollar is the 100 cent dollar"
Then there never was, and In the
nature OF things never can be a dol.
lar that is less than 100 cents, for
the very simple reason that a cent
is the hundredth part of a dollar,
So long as the law holds good that
the whole Is equal to the sum OF all
It's parts one dollar, whether the
monetary standard be gold, silver
pewter or paper will be worth 100
cents, II would have been Just as
sensible to have said that an hon
est dollar Is a dollar that is worth
two half dollars, lt would be din,
cult TO conceive Of anything more
nopsensital than this effort TO test
the stability Of anything by meas
urins Il by itself. The value Of a
gold dollar never changes because
It is always worth 100 times as much
as the 100 part of itself And
the helples, imbeeiles who iabber
such Toulouse talk as this are set
up as teachers Of financial wisdom,
instead Of being sent to the goose
lot to converse with their kind
Commercial Appeal.