Copiah signal. (Hazlehurst, Miss.) 1888-1899, 1895-08-30
FACTS ABOUT SILVER
FREE COINAGE AT 10 TO : MANS
soNosGrAIlIsn.

ana hANt8ANN AMAH ~ N8# Wv
sraasst 10 M.isa.asi.s 9 Parity u
oels and SILVER.
sscFetary a the Treasury Carlisle. In
bis Cuyingtm sInech un Nay 30. stated
plainly ami concissly the exact meaning
a Bryar Rlaua Harvey free coinage
lie said
Free ana aniimited coinage a fnll De-
gal tender silver dollars at the ratio a
10 - ! means that cur Law shall b. ~
changed that any owner a silver boil
lion may send n 10 the miuts and have
IL coined, a. the public expense. into
dollars each Containing ai2k grains u
standard silvsf. the dollars when coined
% b. delivered D. the uwnsr q the bnl.
lion, and AL the people q the United
States g. - compelled ~ law b. receive
them a dollars IN the payment a debts.
although not iutrinsioally worth more
than 90 cents each The Is $40 grains
a standard gold contained In gold dnl-
lar Il wurth 100 cents. ~ the equivalsat
~ 100 cents. all over the wurld, In sil-
yer standard Cpuutriss A. well as IN gold
standard countries. and II l. worth jnss
a. muoh bsf,rv II n cuinSd a. afterward,
hut the tl2ls grains q standard silver
contained Ia q silver dollar are not
worth anywhere la the wHd more than
nhoui 90 cents 81. o. put the statement
IN different form. "a puunds a silver
cannot b. exchanged foF Isound q gold
anywhere In the wurld. hut u requirew
about re puuuds q silver 30 prucure
pound q Rold evcryWh-re but SINE
uUo may say that this Il not fair state.
nieut, h.caa-e u measures the value -
SILVER ~ gold The answer 90 this Oh
J'ctiun l. that the statement does n0t 40.
tempt o. MEASURE the value - either a
the metals, but simply a. compGfe them.
conc with the other. and that foa the FUR.
IHs 4 making the Comparison the value
- gold q determined ~ its purchasing
power in tho markets q the world. and
Tho value Il silver Il determined ia the
same way siXtsen pounds q silver hul.
len win Turrhaso only alrut usle half
tle quantity n cmmulitiss anywhere
that enc puuud - eold hnliian will pur-
cha~e. and this purchasing power j. the
true test Il their actual and relative
values
In che United states 10 pounds q dl
vor, cuin"d into dollars. will now pur
rhaSs a. murh a. pound q g1ld coins,
hut this would MT h. the ease under a
system II ff,s and unlimited coinage On
individual ar~ mt The cuinasru u sil
Ner dollars bore has lscn limited hy law
fur tie purTu~o a prrvsnt,ng an excoss
I've issue, aud they have bcen cninod by
the government un its own account end
paid ont flr Iublic purposes A. dollars
Il fun value, aud consequently the gov
tTnmat = boani by every oonsideraiion
u good faith. "a ssy nothing a the psi
tive d. laratiusi@ cssrtain~d In the
atatmtsw, 60 kosp th~sa ms srsA o. sFola.
90, Va otllor wurls. u maintain the par
ity 4 tie two metal. and this II has
duBe and viii cuniinue to a. ~ hong as
tie TreHgnt system exista But II the
prrseui system j. o. L. abolished and q
now enc established - that private IN.
diyiduals and c'rroratlons can have their
own bullion Coinod AZ the public expense
and have the coins delivered 90 them fuE
their private u@e, the government wuald
h. under NJ obligation whatever. legal
- oguitahle, % Keep them A. go-nd as
gold. and. IN fact. II wuuh BE- imp1@si
Bio fur II o. do -. because the coinage
would D. unlimited. and the volume n
silver M circulation wuula booume ~
great IN rruTnrtion 90 the sold the guy.
eminent cuuld paucure that the attempt
would necessarily fail The most ex.
IRVINE adyucatos a fvve coinage have not
yet vvnturod 90 suggest that the govern
mont would D. under any obligation o.
guarantee 90 maintain the value a 81.
YER dollars cuined without charge fur
private partior, aud without surh guar
ant0e u b. clear the dollar wuula 10
worth NO morv than the commercial val
o. q the bullion Contained In II, Just a.
the Mexican dollar l. now admit that
4 the United States cuuld euin withuut
charge o. the owners all the silver In
The world available foF coinage pnrpo~.x.
ai2's grains q standard silver. In hui
hon, wuuld 10 worth ~ much la this
euuntry ~ = silver dollar, hut the real
question l.. What wOuh the silver dol.
lar itself IL wRthl That u will not t.e
equal - cur present unit and standard
a value h not only admitted. hut open-
~ urged ~ enc a the chief Arguments
In favlT a its free coinage
Evorywhero the people are being told
that under free cuinage 10 win require
twice o. many dollars 20 procure any
given quantity q eummodities a. are ~.
quired now, and this mcanR, ~ course,
that the money will b. only cue half a.
valuable ~ u h now. When the public
tudgment l. finally passsd upon this
sublect, think 10 win b. fcand that
the Iaaple Il the United States are de-
termtaed pot b have a depreciated dol.
lar, wheth~F u b. gold. silver 90 paper.
They are undoubtedly entitled 30 have
fE u~e IN their business just a. good
money A. any other people In the warld
have. and no political party that 81
iempts % deprive them q IL will ever
D al