The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-01
after an regulated by the inexorable natu,

after all regulated by the memorable natu>
raj law Of supply and demand?"
To some extent-yes."
well, you say silver is demonetized.
What is the stock Of silver in the United
States to-day?'
since 1873 over 100000 silver dollars
Under what circumstances and what
acts?"
Under the Bland-AIlison and Sherman
who were the principal pushers and de-
tenders of the bills that were enacted into
these laws?"
The free silver men," Prof. Coin said
What was their plea?"
They wanted the peoples money put in
circulation"
Did they not confidently predict, when
urging these laws that silver would reach
par with gold?"
Il believe they did"
rs it not fact that silver still fiuc-
tuated, and finally went from Slip an
ounce in 1879 to $114 in 1889, to $1.13 in 1881
and to 931a cents in 1889, in spite of the
Bland Allison act? And is il not true that
even the coinage act of July II, 1890, by
which the government became a liberal
customer of silver, buying 4,5O0000 ounces
per month and issuing legal tender notes
therefor. did not raise the price of silver?
Did not that metal so lower and lower till
it got down 10 60 cents in 1893? Does not
this prove that men cannot successfully
legislate against natural lawS?'
1T looks like little that way" said the
cal Chicago sigh, But" he continued, rail-
lying, what we want is a plentiful supply
of the peoples money"
well, you have It; 5000 200, 900 more of it
than you had in 1873, when you say it was
demonetized"
YES but ii is no longer the standard
dollar, the monetary unit. containing S7lA
grains of pure silver, as it was from the
days of jefferson and Washington, who
had hatred of England. and an intimate
knowledge of her designs upon this coun-
tfW he h1IO of 7
Wall street dictated it's destruction.
you say STA grains of silver originally
constituted the unit of monetary value by.
act of congress?"
Il demonstrate the fact by means of a
picture on the cover of my book"
That is false and silly reasoning. The
standard original dollars contained 24s4
grains of pure gold, as adopted by con-
gress in 1892, and fifteen times that many
grains of pure silver was declared to be a
legal tender dollar-viZ.: 37A. The reai
unit of money was therefore a gold one
and the silver dollar was based upon IL
That is the historical record. But what
had our forefathers' hatred of England to
do with the denominational American
unit? Didn't Jefferson and Washington
expect this country to carry on friendly
trade with England as well as the rest of
the world?"
Our silver dollar was debased by the
act of 1873, said Coin, e'yasively, land is
Had the act of 1873 never passed it
is very doubtful if the free silver coinage
dollar would be worth more than % cents
to-day. The stoppage of free coinage in
Europe and in India accounts for the
greater part of the decline in silver. The
increased production accounts for the rest
of the fall in silver bullion
"Oh, l know the majority of both the
great parties are gold monometallists."
THAT is not true Both of the leading
parties would favor bimetallism if the
civilized nations could reach an agree
ment to that effect"
Il have shown in my book that the
United States can sustain a bimetallic
policy independently" said Coin.
You have merely asserted it. and not
shown it logically. You dodge the ISSUE
though that is now the sole point to be
settled Besides. experience with the mem
Dry of thousands now living proves such
a scheme impossible"
well. I shall still contend for the dollar
of our fathers"
1.-The phrase dollar of the fathers is
purely demagogical as applied by you and
your kind. The dadies never handled any
American coineEl silver bullion. There
were some Spanish and Mexican dollars in
circulation. some French 5-franc pieces
and some German thalers. but no dollars
of our daddies. The dollars of the daddies
were gold dollars. 1t was not till 1879 that
any American silver dollars were ever
The Inter Ocean is getting the big end
of the popularity of 16 to l." said Coin
twisting his face into a sulphate-of- odium
grin, as he lighted cigarette and walked
IN busting way out Of the store,