The sun., 1895-04-22
WHAT THEY SAY IN DENVER.
Free Coinage wouid Double the wealth Of
the Silver states.

| the Silver states.
To THE EDITOR OF THE SrS-Sir: Ny en-.
| gasements this week have thrown me among
the leading citizens of Salt Lake, and then over
| tho wasatch range on the Denver and Rio
| Grande into Pico. Durango Aspen, Leadville,
! and Denver These are the silver cities To say
that free coinage has taken this whole silver
country like cyclone is using mild language.
have sat sometimes and listened TO the free
coinage fallacies without even daring TO suggest
an error.
1t will double our wealth." they say. and
who dare oppose 1t Mines, not now paying n cent,
will be worth fortunes. Money will rush in.
real estate will double, and 5000. o0o.0o worth
of silver will come out In n year. Two-dollar oil
in Pennsylvania will he nothing but gentle
zephyr compared to our food of wealth when
the price OF silver Is doubled"
" But. my friend" venturcl In low voice
There isn't any but" the speaker inter-
rupted, pounding the car cushions. ITS coming.
the whole country is stirred up-Populists aud
Democrats! Hear the Illinois Democracy! Hear
the whole SOUTH"
At Denver the entire city rose up to receive
the free silvertes, Sibley and Weaver. Even
the conservative bankers. who have all along
been for limited coinage, have got their eyes on
a boom in real estate. and now cry. Coin all
the Ascent silver and let the Government put
gold under II and stamp 1t into dollars"
When / asked President Fine Earnest ard
President Joseph Thatcher. leading Denver
bankers. what the effect OF free coinage would
be they both said:
1T will make 4s cents worth Of silver worth a
gold dollar. II will double it"
How will 1t affect the gold dollar?" I asked.
"Will it make its purchasing power more or
less?"
They both thought a whole minute. Presi-
dent Thatcher put his hand on his forehead and
closed his eyes SO as to think hard. Then he
mo. gold will stop where it is" But" in
terrupted President Earnest. perhaps gold
would drop little in value Ican't exactly see
But" said. "Sibley. Populist Weaver, and
the silver SENATORS, Stewart, and Jones tell the
thsey!, tsyXnr =, .or,.. ,,.~ 10 - .,,, N- ra...
Cotton will go to cents and wheat will go 10
dollar. No doubt of 1t. Oil is going up al
"But they have always. sold their cotton and
corn for gold. haven't they, or for q coined sill
yer dollar with gold under It," suggested.
The bankers were silent. An idea was strik-
We'll. that's q knock down. said President
Why the Fopa: farmer E1 Wonia sa, the
And the laborer's pay. which has always
been In gold or SILVER equal to gold. would be
The two silver bankers were silent again.
That night / went and heard Sibley and
Weaver tell an audience that with free coinage
wheat would go to a dollar and cotton to 10
cents. They told those, farmers that wheat and
cotton would follow silver and be doubled in
price. This. when the farmer has always sold it
for gold: which is worth twice the price OF de-
based silver.
This morning l asked Col. Sihley and Gen.
Weaver If free coinage would really double the
value OF all our commercial silver.
or course IL would they said. 1T would
guaranteed it."
"If It doubled the price OF silver in the United
States. Mexican silver would go up too,
wouldn't II ~ suggested.
well. perhaps 1t would" said Gen. Weaver
SO engrossed in thought that he poured vinegar
les. and the commercial silver of Japan and
China and India and all Europe and Asia would
have to double. too1''
Gen. Weaver vas too buslly thinking to reply.
Now. Gen. Weaver" | said. do you think
that our !5,00c.0OO people can double the
Ss0,O0o,0o0 worth of gold in the Treasury. put
gold under our own silver. which would be
Sl50.Goc.o00 year and all the silver that
would come from l,5o0.000,000 million people
Could we do it,"
The General looked very doubtful and said:
don't know But perhaps we could have
restricted coinage: or: il free coinage. we might
put prolIibitive tariff against foreign silver"
Gen. Weaver" said, "if our Government
should undertake TO double the price OF COM
mercial silver even protection could not save
US. One billion two hundred million people
loaded up with Ascent silver would get To our
mints some way. grab our pitiful supply of $780,
bankrupt in n week. ELI PERKINS.
DENVER April Is.