Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1895-10-24

pendent foreign transaction. But
once i'm the hands of foreigners, it
assumes the properties OF an order
on our government. Then our home
Is involved and it must he received
by us, and redeemed at full face value
AS an illustration, we make purchase
abroad to the amount of hundred
dollars, tender AZ payment one
hundred dollars i'm silver coin. 1t
will be accepted i'm payment, only
at it's commercial value. at 60 cents
on the dollar. The purchaser loses
sixty-six dollars. sixty-sixk cts. i'm
this transaction, and our neighbor
across the line. the foreign tradesman.
realizes on the exchange a clear pro-
fit of sixty-six dollars and sixty-six
cents. This exchange costs us per-
sonally, and after redemption ma
tionally. $133 plus and the govern
ment holds $50 worth of silver to
balance it. You see we have not
only benefited both the mine owner
and the foreigner, but deprived the
government of n legitimate sum of
revenue-cOinage of seigniorage-and
increasingly taxed ourselves to meet
these avoidable deficiencies.
Free coinage under existing envi-
ronment will not, as generally be-
lieved. give more work to the labor
ing class. We can enact and re-enact
laws prohibiting the Mongolian from
coming within our borders. Is this
effectual i'm keeping him out? His
methods of evading law, are depend
ent on his individual convienance
alone; whilst the inroads of the
white metal would have the silent
support and active encouragement
of all the silver producing countries
of Europe.
The silver of all nations i'm form
much more convenient than China
man would assuredly gravitate to
the land of free coinage. 1t would
be unearthed from all the silver
mines of the world to again in
ditions. 1t is beyond the capacity
of ordinary mortals to conceive the
aptitudes OF nature under which it's
presence would appear ut the doors
of our government mints. The sill
yer mines of South America alone
are almost inexhaustible, and their
output can be enormously increased.
Centuries must come and go before
/ we could make the slightest approach
i'm corncring the white metal, and
regulating it's commercial value. In
view of this fact, our own mines
would he enabled to take an advan-
tage of the condition of things and
, astonishingly increase their output
, whilst the labor of production, by
IAN inside method of calculation
would proportionately decrease and
, many a miners lamp now burning
would be extingnished on the alter
, of gain.
A delusive idea-''more money
/ needed for the daily transaction %
business As an illustration, i'm al
4 increased or double capita, the imagi
| nary relief consists in the plausible
: fact, that the merchant has fift.
| instead of twenty-five dollars. TIL,
: farmer sets a price-the lowest cos
r of prOduction-whichm may be twenty
D five dollars, on his load of grain
+ and then hands it to the merchant
r who purchases the grain at the far
A mers figures. Along comes farme
: number two with a second load q
I grain. this the merchant also pur
n chases and pays cash down. As tn
i result of these two sales, it il eviden
V that it puts fifty dollars instead q
t twenty five i'm circulation. In pun
e suance of this theory, tomorrow fiv
t farmers respectively take n load c
/. grain to this same merchant, the
e each fail to sell under any terms
II The market Ia closed for want {
e more money" This circulation {
,. fifty dollars instead of twenty-five
, will start a momentary ripple {
= activity receding along the indus
: trial line. This displacement
Ie matter IL settled by filing i'm again
'e while the per capita keeps right O
N to our commercial centers, frol
,f where it is invested-perhaps undt
n the tariff is a tax" to more AZ
,e vantage In foreign mechanical me