Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1895-05-21

Our old and esteemed friend
W. "A. Krause. editor end propri-
etor of Moody Co. Enterprise,
Flandrau. S. d.. has an editorial
on the silver question and partly
in answer to GU comments on
Senator Allison S position on this
issue. Bro. Krause seems to be-
1ieve in free coinage of silver.
but fears that the United States
tan not go it without co-opera-
ton of the Latin Union and Ger
many: He thinks that with less
than $100,000,000 of gold we can
not keep the influx of silver I'M
der free coinage at the ratio of
10 to at parity. Now if Bro.
krause means that the parity
shall be maintained by redeem
ing silver freely in gold we agree
with him: Nay more, we cannot
keep at parity without national
bankruptcy our present stock of
silver money under the unlimit-
ed gold redemption policy. But
under free coinage of silver and
as full legal tender for any
amount, as it was prior to 1878,
no $lO0,000,000 Of gold or any
other quantity will be necessary
to keep silver at parity. This
simple fact is constantly over
looked by many intelligent peo-
pie. The instant that the law
says that 41244 grains Of standard
silver coined into a dollar is full
legal tender for any amount. that
instant a silver dollar needs nc
redeemer. 1t is the thing itself.
Its value does not depend on the
value of the metal in the dollar
nor on it's redeemability in gold
It's purchasing value will ulti
mately depend on the quantity OF
units coined and in circulation
relative. to demand for money il
} the nation. But the United
States mints cannot coin silver
enough for many years to come
to flood this country with silver
dollars. Mind you. free silver
ties do not ask that 412t grain:
of silver bullion be a dollar. Blu
for many years to come the val
ue of a silver dollar under FREE
coinage will really depend on its
full legal tender quality. An(
? that is amply sufficient. A dol
lar that will discharge debt an<
, pay taxes, will not depreciat
while we live. Bro. Krause. Tn
demand for dollars to do thi
with, is so urgent and pressing
and will be for years to come
that the whole world s stock O
gold and silver, if brought here
could not be coined fast enough
to overstock the supply so as t.
depreciate the dollar. But, Bro
= Krause. did you ever reflect tina
there ism a country on the fac
of the globe where they hav
h more money, or if free coinage
more money metal than the
want: This flood of silver
Z wholly immaginary. It exist
nowhere. But even grant TO
y the sake of argument that it doe
exist and comes here. VIVA
then? Are other nations goin
d to give us their silver money TO
s. nothing? We think not. The
: would undoubtedly take som
goods for it. or wheat. or pork
# or cotton. And our farmer
v would get the silver of cours
I and have it coined into dollar
and pay their debts, pay thei
mortgages and own their homes
u pay their store bills. and docto
t bills. and subscription for thei
l. county newspaper, and as Their
J. was a regular flood of this silve
they might have something lei
- to buy a suite of clothes fro1
~ tho tailor. or a suite of furnitur
= from the furniture store, and S
y forth. Now. Bro. Krause, d
b. you think this would hurt me. Q
you. or any other common bus
e mess man; If not, why are 20
II afraid of it? Why is any sens
l. BILE man afraid of it? You can
le tell Bro. Krause, can you?