Middlebury register. (Middlebury, Vt.) 1886-1937, 1895-12-06

] y
practically made one metal of the two;
so that 37lI grains through silver and
2lf grains through gold was the same
as 81 grains through double the silver
amount or Pa grains through double the
gold amount
Values, business, buying and selling
adjusted themselves to this "unlt", and
! this unit supply, and the law of this
"uDit's" being. France changed her
ratio shortly after this. and the yellow
units and the yellow unit supply went
to France, because they were bidding
three cents per unit more for the yellow
than our mint law bid. This did not
change the number of units, however,
and hence "a unit value remained the
same. We simply held more of the
white and France more of the yellow.
The unit power remained unchanged.
We remained on the dual unit base and
positively were not on the silver base;
because by law 37I4 equaled 24i grains,
with all bullion both white and yellow
impregnated with "unit" pOwer-power
to fractionalze at will into units.
Having this power, all bullion was
cunts" without going through the form
of unitiling just the same as gold bar
Is now, just as many cunts" as 1t con-
tains the law-fiXed (23.22 grains).
The fact so much harped on that the
yellow went to France and the white
came here did not put us on a silver
basis, nor France on gold basis, even
if there was no silver in France nor gold
here. "The unit of value" still lay in
the "ratio"-in the number of cunts"
possible, by dividing yellow by 24}
grains, plus the number found by dlvd-
ing white by 37li. Those two sums of
cunts" determined (under the law of
supply and demand) what each unit was
worth in other things, determined the
"unit value.
Later on we changed our cratic" by
dropping Lob grains of gold from the
"unit'-the 'dOllar'. Our gold stand
ardist claims that this put us on "A gold
standard. If so, why.the act of 1873?
If gold is interchangeable, as insisted
how does changing the legal ratio affect
gold? CThere is very important
"screw loose" in your mental wheels
right here, gentlemen of the gold stan
dard) No, we did not get on the gold
standard by the acts of 1877 or 81; we
remained, as before, distinctly and posi-
lively on the "bimetalic standard the
white plus yellow standard
The fact that white now went to
France and yellow came here cut no fig
ure in the CUNT value. If every gram
of yellow on earth came here, and every
white grain left, substantially the same
number of grains remained for cunts"
aud hence "unit' fraction was the same
as before changing the law. The one
and only effect was added Lob grains.
multiplied by as many units AS the
yellow made, to the now yellow supply,
and hence, making all units shade
cheaper.
France was now bidding three cents
more for oul white unit than We, and
white would not remain here only IN the
"fat' form of 80, %, 10 and cent
pieces Still Il "unit" was "A unit frac-
tion of all yellow, plus all white, Just the
same. Bear in mind this "unit" was
known in law as dollar. \ ''dollar''
WAS 'coin" or "Specle". Wherever the
word dollar occurred, the law set in par
entheses these words. VIZ; "a dollar is
81 grains of pure silver when in ratio
to 23.22 grains of pure gold, with all
bullion of both metals endowed with
= legal tender unit power at above
ratio; and also, "that congress cannot
impair this contract by any change OF
ratio or modification whatsoever" Bear
AZURE said of coin, of "specle', just
what they now say of single gold, viz
coin or specie has "intrinsic value
will bear the fire test, 1.-THE punch
: value, is not dependent on law or fiat
is "scarce', is worth zone hundred
cents, is always at par, is the only
" "honest dollar, "a hard dollar, a
sound dollar, etc, and on through all
the gloritication now heaped on gold
alone.
No other change occurred until 1873
At that time there was "coin' or specie
in existence substantially to make 5000
0O0,000, American cunts or dollars.
[ We were indebted in public and private
something like 10000, 100000 dollars OF
cunts" Now being so indebted, it was
very important to know Just what IDOL
. lar" then meant. Waving the change in
volved in going from "hwful money
= to coin. and assuming that "dollar'
meant "cOin'', how can we determine the
value of "coin" unit or dollar: Simple
enough. The bankers say that they
carry on the worlds business on five pei
= cent actual money. Some of their bodies