Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1895-04-04

Northern Pacific yesterday. II
stepped into Prof. Coins school. The
little man has been teaching a finan-
cial school in Chicago for year. His
teachings have finally been published
in book form, but / could never I'M
derstand what he was driving. at
.'Did you find out asked the Tri-
bune.
Yes said Eli. Il asked Coin
point blank if he was for free coin
age
Yes, he said. that is what !
teach.
Now, Coin said, what do You
mean by free coinage?"
Coin was silent.
..Do you mean by free coinage that
YOU want men or governments to 60
on coming silver dollars as they do in
China, Mexico, Japan and Asia, not
guaranteed by gold. where these dol-
lars are worth only ~ cents-the
same as bullion?"
No. sail Coin, j don't want that.
We NAV as well have bullion Such
money when coined is worth no more
than commercial bar silver. That
wouldn't change matters.
Then Won want it fixed so that
any man can take AZ cents worth Of
silver to our minis "a piece as big as
our dollar and have it stamped 100
cents in gold?"
Yes, that is what ! want. That
is what teach in my book. | want
commercial bar silver remonetized.
1t has gone down way below 16 to L;
that is, rs ounces Of silver are really
worth, commercially, about half as
much as l ounce OF gold. We want
all the silver dug and in the mines
put back the same as the United States
dollar, l6 to /. No beating around
the bush at all. :
Very we'll, | said, Now we can
reason together How many people
in the world are using debased silver
or 47-eent dollars?
" Well 1000, 600, 900. This in
cludes Mexico, Japan, South America,
Africa and Asia, said Coin.
Z" How many people have put gold
under their coined silverp | asked.
:" Why, said Coin, only 500, 000,
600.
This includes the United States. Eng
land, France and the Latin States.
How much have these half civil
lized nations lost?. asked.
Z" Well. said Coin, slowly, they
have lost half their wealth If man
was worth 81. 900 in Mexico. or China
years ago. he is worth $447 now.
That is plain
Has any American, Englishmau
or Frenchman- any citizen of civil
liked nations lost auything@
(" No, said Coin, hanging down
his head, they haven't lost cent
Our good government has put a gold
dollar under every dollar coined in
America. They've done the same in
England, Germany; Italy and France,
too, and 500, 100000 civilized people
have escaped loss
:" And the 200, 900, 900 half-civi-
lized people nave lost half their wealth
you sayg'
1t would seem so. said Coin
scratching something behind his ear.
ANoN AHtAAs 4 otAN IAhbh lit al
the eye and answer this question. II
the United States had the free coinage
you want-that is. if everyone could
take piece OF silver as big as a Mexi-
can dollar to our mint and get dol
lar with gold under Il, what would be
the RESULT
Coin was silent again.
Wouldn't the Mexlcans and the
Chinese and the rest of the half-civi-
lized nations bring their commercial
dollars worth ~ cents 20 our mint
and Get one dollars good MS gold9
Wouldn't / ,200, 900. 900 people unload
the debased silver 81 the world on US?
Wouldn't we be bankrupt in a weekg'
i wasn't thinking of that, said
Coin trembling at the thoughtpf such
a disaster. i was thinking how much
more money our own silver miners
would make,
Their wealth would be double.
wouldn't it2'
Yes Com. said and the price
Of five cent cotton would be double if
the government would buy il at ten
cents Thisgoy nomoreright
70 boost up.siher than it has to boost
up corn and coal and iron. The GOV
eminent is ne respector Of persons.
The miner and farmer and manufact-
urer must stand alike If they can't
afford To mine a. cents worth of silver
then they should mine coal or zinc.
Ii they can't afford 10 raise 5 cent
cotton then raise hogs and corn L
see il ali now said Coin, My 800
page book confused me-
Now Coin, continued. our
coined silver is all right Our gov
Prpment can go nght\on buying it at
canlmyfciaf prices and patting It out,
as We need IT, for change. Just aS we
do our paper dollars. We bay it at
a cents gold and put it out at 100
cents ON gold. The government can
oil coll sflt SKI &,