New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-22
. CAMPAIGN OF EDUCATION.
INJECTOR OF THE MINT FLOODED
u,rH QUESTIONS ABOUT COINAGE.
,x,r,oN OF WHAT FREE COINAGE AND
RATIO MEAN
,,v TELEGRAPH TO THE TRIBUNE.l


,v TELEGRAPH TO THE TRiBUNEl
,,on Iulv 2i-The Director OF the MINT
"ss" discovered that he will be required to
W. sctive part In the campaign OF educa"oh
u" ,n,ney question. which will be prosecuted
w Wv and unremittng energy from now
WIN savn Of Election Day at least. director
unu ~ A. In receipt of a daily growing mail from
Fe ~ the country devoted to requests Tor IN
.,o, on financial topics. The questions cover
" conceivable phase of the currency quesuoh
es. sa ,nouirers are OF all shades Of poticai De-
Wv xos, Of them want information that can ne
"a, furnished, such, for instance. as the 'o'a
", Of the coinage Of the last hscai year. inc
-, NJ gold and silver In circulation Ill 'he
- States. the present value OF dinereht COINS
% M, many Of the questions are OF more ao
Wv nature and would tax the officials 10 answer
su1s' -.ooer,v The Bureau is doing all 1t can to
,,s demand upon II as an educauonai ins''u-
u" and Director Preston says that he could easily
e~ 10 of q 900 copies of the last annual report OF
oSf oaau IL he had them for distribution MI
HN., has made the following simple ana COM
'ss,va statement in regard to the coinage
P',s between gold and silver in response 10 ire
~, inquiries that point:
e'' rsard silver dollars coined by the mints OF
~. rned States since tho passage OF me &c, OF
re ~ lS7 have been coined in the ratio OF 70
ysns]s Generally called the ratio OF ! to l6-loseA
i 49, very nearly l6. Still. TO reach accurate re-
pens The former and not the latter hsure must oe
traS -, calculation The ratio is obtained In this
way ,ver dollar contains 81 % grains Of pure sill
Ihe ra the gold dollar q. % grains Of pure gold
" a. d,,1de 81 q by 1922 you will get the ratio OF
Hi,n, between a gold dollar and silver ooiiar-
sels * eSs4 II is true that to be on a par WIN
ina, y er would (at our ratio) be worth 81 2s2s
w. nason is this, gold dollar contains L5.z.
sns Of pure gold. In an ounce or 4N grams os
there are many dollars as z, Y Is containe1
goIa i aso or one ounce. If you divide 4s0 by q 2
UNIV INV. 81 the number Of dollars that can De
!ou s5 out Of an ounce Of pure gold In other worus
x sss. ounces Of silver at the ratio OF 10 1oso4
NV n 4 1854 ounces of silver be worth s-oo o,ie
go will be worth 1899. as you can prove py
ounce r SIr,sjon The same result IS obtained by
S,dsing $50 grains or one ounce OF silver py 80
the number Of grains OF pure syer IN hicS i've.
ssa, '''~'' 81, ,o,, little
vors Than one ounce OF gold: l59Ss4 ounces OF SILVER
o ~ ounce ~ gold--that u.s. s2os7 You can prove
a ,ss ~ ni IS follows sssi multiplied by 49, d.
viied by 81 q. equals 2o6l4 =. .,,ver will
I. is not true that sixteen ounces OF Silver Will
coin only $3.50 at the ratio OF to IS. ,.u
As viii be above one 1000 ounce nc OF g sitse s g
yo can make the same result in another way
ounces troy, 1850 grains divided by "a 1s
snns5 out ~ Is ounces OF silver; 1850. divided by
SIS, equals D.6S
In resp,nse to a request from THE Evening
Star" Mr. Preston has also furnished concise an
swers to four questions which will be asked many
millions OF times within the next three months
ana half. and which several million OF voters
would probably be unable TO answer correcuS a.
the nresent time The questions and answers are
as follows
First-What is meant by the free coinage OF Sill
yer? .,, 4. ao,os,,
standard silver in any amount al the inlhts aiiu
have n coine1 into full legal-tenher COINS. :,
-bo%f &c
Answer: The ratio in coinage or - 70 Mems s
ha, sixteen ounces Of pure silver coined snail nave
he same value as one ounce OF pure gold coined'
,rbir5.What Is meant by bmetallism?
Answer: The unlimited coinage OF bo,n goio 10
silver on private account into fuh ieeaiHe1'oer
,ons. -. ,.~,. ..,,dars COLD
)r silver? 800, sAo,, =. oo,na5 IN
,,fvate. account into full legal-tender coins, and
nat only the favored metal shall be cened without
limit