The times. [volume] (Richmond, Va.) 1890-1903, 1895-05-05
soNrruING rURTHTE ABOUT "CoiN's
FINANCIAL SCHOOL

ye boar every day and from all quar-
TOYS that fine sale of that most absurd
If an recent publications. COINS finan-
cial School" grows all the time ana 'n"'
r is certainly making converts TO inc
cause of free silver. That II shouin 80"
&c unite possible. since men pay more 10
COO giants. fat men. and other freaks OF
nature and for wild western stories "'9o'
lut that 80 should make any man a con-
wort TO free coinage who i5 not already
victim of that dclusion, We cannot Dee
novo.
We have been taken TO task once or
Twice for speaking of this book and IT'S
author I'm the contemptuola terms We
have anpliod 10 each. and wc may have
erred in expressing our oplnlo1 oil '"'"
AS distinctly as We have done. But we
have very high authority for oar course.
Mr.. Horace White. the editor OF the
Now ork Evening Post, has pd"isheH
a pamphlet, ln which he examines ana
eNpos.s many of the absurdiies OF the
book and ho calls his pamphlet 'Coin
Financial Fool" TO Indicate his OPINION
of the author OF the book. This has
b.eu printed for circulation Dy The Sound
Currency Committee. OF New York. ~
William street. New York city. and any
ON. can get a copy of it by sending ten
cents TO that address. thorough eN-
posnre of it's folics can also ne secured
nv sending afteen cents 10 the Office oil
The Bankers Magazine. N5 John street
New York city, with request for that
periodicals. pamphlet in answer TO "Coin $
Financial school
When Guniycrs Travels came out. an
Irish bishop who bad read it. was asked
what he thought of IL. "lt Is fun of
improbable hes" said he We know
no book since Gullvcr TO which this
can De so well applied as TO Coins Finan-
cial school. There is hardly state
ment i'm it that does not contain false
hood. openly and directly. or by susges-
ton and nnuendo.
ON page 100 the author has given a
table showing the production of gold
and silver i'm the world from 1872 to 1892
ana at the foot of the table he represents
that he got It from the Treasury De
partment Bureau of the Mint August
1893. lie gives the worlds production OF
gold i'm 1919 as $27loo.Ooo. when. II he had
looked at the report of the Director Of
the Mint. ne would have seen that the
production of gold in the United states
alone for that year was 100000. lie
gives the production Of gold in the world
for 1870 as S44. $4,000. when that of this
country alone was So Oo0.ooo. The world :
production OF gold for 1890, 1891, and 1892
IS given. respectively, as $il3 10000. Sl2).-
$4,000. N30.Sl70co. when the report of the
DIRECTOR Of the Mint shows that 1t was
for those years, SllSSiS,7Oo H2o,e5o,ooo.
Sl4s.2g7 COO. There are other errors IN
the table, but We pass them by II
may be said that this is small matter.
But it serves 10 show the character OF
the writer. He is loose in his
statements. and utterly reckless,
and nothing that he says can
be acccpte, as true until it is veri-
ned. We have on more than one occa-
sion pointed out the fact that the writer
comedies that gold and silver depend for
their value upon the law of supply ana
demand But, says he. II YOU open
your mints to the free coinage of the
two metals at a ratio OF 10 TO I. there Is
perpetual demand by the mints Tor the
Two metals and that demand OF the minis
IS the demand which gives value TO them.
That demand would give them value
though no person wanted the dollars after
they were coined and they should be-
come stacked up at the mint in piles
mountain-high. Can babies be imposed
upon by such nonsense as thisY Free
coinage OF silver now prevails In the Cen
tral and South American republics. but
silver does not rise on that account Free
coinage in the United states would no
doab, temporarily put silver W In price