The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-10-07
A "souND MONEY" BROCHURE.

A "SoUND MONEY! BROCHURE.
We have received a small pamphlet
Of forty-eight pages with a special re-
! quest to notice it. We do so. 1t is
entitled 1.-The Silver Question in a Mutt
! SHELF by Theo c. Knauff, and pub
lished by the Sound Money League Of
! Pennsylvania 1t is designed for dis
tribution among working people and
intended to deceive them on the finan-
cial question. 1t is illustrated with
burlesque cuts, and "a Bimetallist'' is
pictured as a tall, lean specialized
cadaverous looking fellow, with a long,
J waving white beard that reaches be-
| low the waist.
1t processes to give a fair and cor
rect account of the points of difference
between the silver men and the gold
men. The silver party is represented
as composed of the owners of silver
mines, their near neighbors who share
! their opinions, men who have been
| accommodating silver and who expect to
! sell their holdings to the government
! at the old valuation, and hangers-on
who are uneasy spirits that want any
! thing for change, INSCRIPTIONS
manufacturers who say give us
cheaper dollars and we will pay our
worl1men in them and for time at
least get twice as much labor for the
Same money" We quote the follow
ing as the alleged aim of the silver
producers and the silver party:
''They desire that the products of
! their industry shall be purchased by
the National Government in whatever
amounts they may see fit to offer, and
at a fixed price to be set by them
! selves, without regard to the quantity
| produced, the cost of production or the
market value of the goods, which is
created by the law of supply and de-
! mand''
| One more quotation:
"The members of the silver party
call themselves bimetallists, though
! strangely enough they do not banker
after the use of two metals but one
| only, and that silver. They would not
| feel injured if they never again saw a
piece of gold money in circulation, ex-
cept in payment of debts due them, for
which they always make suitable pro-
vision"
These are sufficient to show the dense
| ignorance or gross mendacity of the
author. There is no silver man, and
certainly no silver party, that wants
| the government to buy silver either in
small or large amounts or at any price
whatever The silver men simply de-
mand that the money of the United
! States shall be what was intended by
! the Constitution; that is, gold and sill
| yer coin, either to be a legal tender for
all dues and demands, public and pri-
vate. and that silver as we'll as gold
shall be received at the mints. with
out discrimination, and coined ait the
ratio of 16 parts of silver ITO 1 part
! Of gold, just as the law provided previ-
Gus TO 1873.
The purchasing of silver by the gov
eminent as commodity was a Repub-
lican ruse to avoid a return to the old
timetable policy of the nation. 1t was
financial feresy. The government had
no more right TO buy silver and store
it than to buy iron or copper, wheat
or pork and store it. The silver men
repudiate that makeshift and no true
silver advocate either defends the pur-
chase provision. now repealed, or de-
sires a return to it.
Silver men declare that there cannot
be too much money in circulation.
That all the gold and silver not used
in the arts ought to be coined into
| money. That if the mints are once
more opened to the free coinage of
! both precious metals the market value
! of each will be the same as the coin
value. They are therefore bimetallists
| and do not want the coinage of gold
to cease.
AN the people of the United States
are interested in a. bimetallic national
| financial policy. 1T is advocated by
many times more people who are not
| silver producers, or their neighbors, or
connected with the silver industry than
those who are. No employer could
make anything out of silver dollars
with which to pay his workmen if sill
yer was remonetized, than he can now
with standard silver dollars. The
statement of Theo C. Knauff is a pail
pable absurdity.
! We have noticed this Sound money
contribution, as requested, because it
! Is a sample of the so-called arguments
! published by the League and backed
by the names of many reputable men
Of Philadelphia, who ought ITO be
ashamed to have such falsehoods and