The Kosciusko star. (Kosciusko, Miss.) 18??-1898, 1895-06-07

should provide for the coinage OF
silver in accordance with. the first
suggestion in the money plank OF
the Democratic platform of 1892,
that is, to coin it and gold upon
terms of perfect equality in all re-
spects, independent of the action
of ether nations. The Secretary OF
the Treasury in his report of 1875
says: "There is no peculiar force
or sanction in the present ratio
that should make us hesitate to
adopt another when, in the mark
cts of the world it us proven that
such ratio is not the true. The
addition of one-tenth or onc-eighth
to the thickness Of the silver dol
lar would scarcely be perceived as
an inconvenience by the holder,
but would inspire confidence and
add greatly to its circulation" In
this report which was written soon
after the I'd iournment OF the inter
national conference at Paris, he
further says; 1T appears from
the recent conference at Paris, in
vited by us, that other nations will
not Join us in fixing internation-
al ratio and each country must
adapt its own laws to its own poll
cy." The gentleman who made
this report is now monometallist,
but his argument when in favor of
bimetallism is, think, good, and |
call it to the attention of those who
now hold to the idea that bimetal.
lism is impracticable.
Why should our people, who are
engaged in growing cotton, and
have no silver mines, be so anxious
about getting an opportunity to
coin for the bullion owners and sill
yer mine owners 81 cents worth OF
silver without charge and hand it
back in the shape of a dollar worth
100 cents? Mind you, the free and
unlimited coinage of silver means
that the government is to receive
all silver presented and coin it vir-
tally without charge to its owner,
and hand it back to him in dollars.
To take piece of silver which is
worth in the markets of the coun-
try 81 cents and make a dollar of
it and hand it back to the owner of
the piece of silver without expense
to him, is the most pronounced
character of class legislation, and
would be injecting into our none
tary system an element which, in
my humble opinion, would result
in contraction of our current
money by driving gold from circu-
lation as it did in Jackson's day.
But it is said it would put more
money in the country. This |
doubt, because the experience
which we were having in 1884, and
our judgment leads us to conclude
that the gold would retire, thereby
making the amount of money in
circulation less, and bring about
condition which Democrats have
been fighting against for years,
contraction of the current money,
and an increase in the burdens of
those who have debts to pay. The
plan which is suggested by the
Democratic platform would in
crease the quantity of money of
final redemption, and according to
the experience of the nation in the
past, would increase it with money
as good as any other money.
81 don't want any contraction in
the volume of money. What am
anxious about is to get an increase.
A great wrong in my opinion was
committed in 1873, when the minis
were closed against silver, but this
wrong cannot now be righted bv
coming the accommodations of silver
since then, at the rate of 81 cents
to the dollar and thereby drive the
other metal out. Instead of right
ing the first wrong, it would in my
opinion be a blunder amounting
| almost crime. 1t is contended
by some the moment you begin to
to com silver its value at the pres
ent ratio would advance until i
was worth as much as gold dol
lar. This do not believe. It
did not do 50 upon the occasions
heretofore referred to, and the on,
iy way 1t was brought up was by
increasing the quantity of metal
the dollar contained.