The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-07-05
FoRGERIEs EXPOSED.

Ever since Coins book appeared, it
has been assailed for its forgeries. The
Journal was one of the first to expose
one of them, and, after explanation, to
show that the explanation itself was
ever a worse forgery than the first.
Since that time several writer's nave
taken a hand in the work of exposing,
until the last pamphlet put out declares
that every financial argument and
every statistical statement set forth in
Coins Financial School is quoted YER
batim herein and absolutely refuted
with the true quotation from the very
authorities Coin has deliberately falsi-
fed"
This is a sweeping statement, but
those who will take "Sound Money" a
pamphlet recently published by the
Charles II. Sergel Company. Chicago,
and carefully read and compare it's ex-
posures of Coins" statements. will find
that the claim is literally true. The au-
thors have adopted Coins" method OF
treatment. He is questioned by we'll
known men in a public audience. and his
statements are exposed by official statis-
tics. Two or three of Coins forgeries
which are exposed in this pamphlet are so
astounding hat they are worthy of at
t~ention. In a table in his book Coin"
gives the worlds production of gold and
silver. purporting to present the official
figures of the Director of the Mint. In
that table there are thirty-eight values
of gold and silver by periods. of which
Coin has changed twenty-four, making
them forgeries to sustain his argument.
There al be no mistake about this, for
the authors of Sound Money give both
side by side. and the pages of the treas
ury report of 1884. upon which the d.
r~ector's figures are given.
Another liable is a more audacious
forgery than that already noticed On
page los of his book, Coin" gives what
he asserts are the export prices OF
wheat, cotton and silver from 1872 to
1898. to show that these commodities
rise and fall together, and that the fall
of the first two is due to 1.-The crime of
1873" There are ffty-four quotations OF
wheat and cotton. How many of them
are correct. according to the Statistical
Abstract of 1894. issued by the Treasury
Department? All of them should be,
and would ave been if "Coin" were
honest; but. not being honest, but just
three of the fifty-four quotations are
correct-one of wheat and two of cotton.
Indeed, twelve of his quotations of silver
are incorrect. His object is to make the
price of wheat and cotton high with sill
yer prior to 1880. To do so he has so in
creased the prices OF wheat during those
years as to make the average 1923 a
bushel. when. in fact, il was $1.12%.
From 1886 TO 1898, when silver dropped
from 90 cents to rs cents an ounce, he
has falsiied the figures so as TO make
the average price Of wheat during that
period s2ss cents. when the official fig
ures make 1t 9l% cents.
This pamphlet. Sound Money" which
Is one of the best Of the dozen which
rave been published to refute Coins
f~alsehoods and forgeries. exposes a score
OF other frauds perpetrated upon the
public by Harvey in his book. utterly
discrediting 1t with all intelligent people
who will read 1t.
So much attention has been given by
writer's to Coins Financial School,"