The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1895-11-14

+ ss9OSl1tua OH " nS1uS 81 Aldily VI Tue COLI
6merce creating nations and especially
those hose markets afford the most
alllluring prospects to our export trade,
would Instantly, upon our Invitation,
become parties to an agreement pro-
vidlng for the free and equal coinage
of both gold and silver at the minis Of
the associated governments at a ratio
TO be determined by the same consider
atoms as those which orr ginally guided
the United States in the choice of. a
ratio for our coinage system. "a dis
terminating tariff duty upon imports
from countries refusing to accede to
the convention, coupled with the cer-
tain rapid growth of our commerce
with other bimetallic nations, would
speedily secure the cooperation of the
he sitating powers.
The State Republican platform says:
The Republi lean party believes in the
use OF both gols and silver as money.
maintaining the substantial parity Of
every dollar in circulation with that Of
every other dollar. &c believes in
bimetalli ism and that the restoration
OF silver as ultimate money to the cur
-rency Of the world is absolutely neces-
sary for business prosperity, proper.
rates OF wages and the welfare of the
people. Holding these views, we be-
Flieve it should be the policy of the
United States to do everything in its
power to promote the restoration of
silver to the worlds currency. See
how heretical am! Can the Repub-
slican party put such things IN its plat
form and then sit idly by and do moth
ing to carry them out? When the Re-
publ lean party said this took it at its.
word and believed it would do some
thing to keep its platform pledges.
Gentlemen, the Republi lean party is
pledged to this sentiment. No man
has told me yet to my face that my
views are not in harmony with my.
yparty's platform.
The peoples party platform says
We demand free and unlimited coin
age silver at the present legal ratio
Of l6 tol s,5i5s:ss sss.32
| have been persuaded by careful
study that the United States can safely:
take the mi iatiYe Ifs there is no.
other way let II tiikes the Initiatixe and.
let whatever other ma ions come who
want to. Negoti ations hitherto have
been balked BY the fat refusal of Eng
land Let the others combine and
England stay out. am IN favor of the
passage Of a law something like this:
That on Jan. LIST, 1900, the mints Of the
United States will be open to citizens
to bring silver and have it coined at a.
ratio Of / Is to j, sand that when this
money is coined it may be used to pay
all debts. Before 1900 all nations
would be tumbling over each other to-
get into the agreement and gold and
silver would reach a parity.
Money loaners have no business to.
get back more than they loaned. Any
system which allows it is=sa system of
robbery. Sherman's statement that
silver has fallen by reason of an over
production is a curious one. When
man of so much experience and Of such
conceded special ability in finance
makes a statement so utterly ground
less. it is difficult to know how.to char
acterize it. The very natural conclu-
sion that it was deliberate misstate-
ment seems impro bable because the
facts are SO easily accessible that mo-
body could expect it to- go long unre-
futed. Statistics show that there has
been a more nearly equal production
since 1873 than for a century before.
From 1900 to 1921 France coined sill
yer at . ratio of 1856 to L. There were
in the world stock and bullion 50. 2 tons /
Of silver to of gold. In 1870 the
ratio was 1917 to / and the stock stood
22.6 to l. The ratio Of the worlds
stock has constantly decreased until
ia 1894 there were only 1873 tons Of sill
yer to 4 Of gold. # France could
maintain the l6 to | ,.atio when there
we're 32.2 tons of silver to / of gold
can we not maintain a Is to i ratio now
with odds two to one in our favor,
there being only 1853 tons of silver to
LOT gold? But under present laws one
ounce Of gold buys 81 ounces of silver.
Why can't the United States maintain
i at Is to 4 when it's Is to L? If the
gold wants to go let it go. We cling
% it as some talisman of life. Y on are
paying q premium on gold to-day when
you sell your commod ities at two-thirds
value. a falling price in silver IS.
caused by nothing in the world but
legislation which takes away its money
value. Don + clip . Bird wings md
hen damn il because il can = fly.
81 he. taking away of the money value
# silver has left the country with an
lppreciating gold standa ard. The re-! 1.
'ults Of an APT eciating standard are
% hidden in the very processes Of or-S
linary business that until we stop to
ook carefully for them We are not+s
lware how serious, nay how fatal, they I