Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-05-30

rehash of John Shermanism that ha
been met and refuted time and again il
the past, would lead us to believe tina
| there is nothing new under the sun
at least in the gold camp. But MIR
Carlisle's imputation of dishonesty t.
free silver advocates has but few
equals and but one superior, and thai
in the person of Comptroller Eckles
To Judge from the language of these
two eminent apostles of Grover Cleve.
land, they think it dishonest to pursue
a thief and recapture your property af'
ter he has had undlsturbed possession
for a number of years.
But Congressman Bynum of Indiana
touched the keynote when he appeal
ed to the selfishness of all who have
fixed incomes.
Those are the fellows we are after.
Many of those incomes were fixed prior
to the year of 1878, and as conse-
quence are now, as measured by al
most all commodities, twice as high as
when fixed.
MIR. Editor, / am working for fixed
income, and a rise in the price of COM
modities would be to my Cetriment.
But am willing to forego a part OF
my welfare to see general prosperity.
But let US in our humble way an
alzye part of Mr.. Carlisle's Kentucky
speech. He says an act authorizing
the free coinage of silver would con-
tract the currency by driving out gold.
That holders of gold would buy silver
bullion, two dollars for one. and then
had enough silver to coin a hundred
dollars, would you sell it to some gold
bug for fifty gold dollars? If not, then
where would Mr.. Goldbug get his sill
ver2 He would have to get it outside
of the United States. Then, when he
had sent million gold dollars to some
foreign country, and traded them for
enough silver to make two million sill
yer dollars, brought that here and had
it coined, about how much do you sup
pose that would contract the currency !?
If this is the best argument that Mr..
Carlisle can put forward, Grover would
better call him off and let the whole
matter 60 by default. Again, Mr.. G.
says prices would Immediately rise and
the laborer not having his wages i'm
mediately raised, would suffer.
Now, Mr.. Editor, how prices can be
raised and the currency contracted by
the same agency is more than any
common laborer's head can contain.
Increased demand would raise prices,
but how can we have an increased de-
mand with contracted currency?
Here is my idea in plain terms: Free
Coinage of silver would increase the
currency; increased currency would
stimulate enterprises. stimulated enter
prise would employ more labor; more
labor employed would increase de-
mand; and increased demand would
raise prices. Let US see if these as
sertions will stand the light of reason.
No one has ever disputed the fact that
the free coinage would give us more
silver money. Then if gold is driven
out it must bring something in return,
and as there is no increase in the de-
mand for other commodities. it would
doubtless bring silver. With what re-
suit? Every gold dollars worth of
silver brought to this country would
be Immediately coined into money.
This process could not continue long
without raising the price Of silver all
over the world. Our gold, if it all
went to foreign countries. would lessen
its value there as compared with sill
yer, and We would, then have the bulk
of the worlds silver money. and the
commercial ratio would be much near
err the coinage RATIO than whom the out
flow began. Who woul;. profit most
by this transaction Foreign countries
would have our gold decreased in value
to them. and we would have their sill
yer increased in value to us. But, as
a matter of fact; ne auoh exchange
would ever take place. We would
keep both our gold and silver, and cir
culate them both at par with each oth~
err, and enjoy the increase oil currency
thus afaraea. second: an increase
of currency would stimulate enterprise.
Nearly all business men are borrow
ers, and the extent of their business
depends upon the amount Of money
they are able to borrow and the rate
OF interest they have to pay. SO it
may be easily seen that an increase of
business will create an increase in the
demand for labor, and "a increase of
labor means an increased demand for
tools. wearing apparel, and all food
products. Then, when all OF our idle
lahorers have hesn employed, all COM
modities, as well as labor. will feel the
increased demand, and prices will rise
in proportion to the demand. But the
first increase must be in tho currency
CRUX.