Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1896-09-10

Editor Elk Point Leader: viii you answer
s"sSsk% s:o T GG,d%" our II present sss asa1 systems sas 'S or coi'..
age law the government buys the silver bullion
and coins 81 cents worth into our standard sill.
yer dollar; the other u cents, commonly called
seignOrage, 10 saved by our government. I'm
der free coinage ut 10 to 1, would not the silver
mine owners and smelters make this ~ cents
profit? ON-THE-FENCE.
The above question was asked of the
Elk Point Leader, Ang. "a. Below we
copy the Leaders, reply just for the
tun Of the thing-to show what a jun
BILE Of words without any meaning can
be thrown together without any mean
ing for the purpose Of evading a fair
question. The question is q pertinent
one, and we defy any person who can
read to make any sense out of the
Leader mans answer. The leaders of
the demo-pop party, including Bryan
In his Madison Square speech, claim
that under free cainage at the ratio of
Is to l silver will advance Sl.29 an
ounce and on q parity with gold.
Now, il Bryan ct al are telling the
truth, it seems as plain as the nose on
q mans face that the silver bullion
owners will make the AZ cents. We
defy any person to deny it. Though
for the benefit of the question we will
say that the republican party does not
believe that silver will advance half
way to . parity with gold.)
II the Leader would exert it's energy
to bring wheat up to Al cents a bushel
instead Of giving the silver bullion
owner an extra Al cents on every silver
dollar coined he would be doing some
thing for his country. Here is the
Leader mans answer to the question:
Under the Sherman bin the government did
buy the silver bullion as above stated, but does
not now. ~. the law was repealed by Cleveland's
primary money. II silver is used only as q token
money, and Is not made primary money on an
government Invested In the dollar lies entirely
dorman ~ far IN any monetary use IL con-
cerned because i II token money and has no re-
lnent making ~ cents It In reality loses the use
Of IS cents. Paper money would NIL the same
uses exactly, and the government would In re-
navy ~ SC"s0 Ou ~ Ost0A AOACu tuoucy
which has no redemption qualities surely has M
need Of commodity value, and whatever amount
OF commodity value Is put In a dollar that is not
primary money Is 80 much wealth lost to the
uses Of society 80 long Is IL remains in the dol.
lar. But under the free and unlimited coinage
Of silver and gold the governments creates q ratio
Tor this coinage. and supply and demand regu-
late the price, which, OF course, when Il IL unltin-
tied. necessarily makes . parity Of the two
metals. Then sixteen ounces OF silver, being
worth IN lts commercial sense n much as one
ounce Of gold they both become at the option of
the debtor the money OF final m
Through demonstration silver was struck dOwn
from ies place ~ primary money aud placed In
the column OF token or credit money. This has
dOub!y appreciated the value Of gold - meas
urod In all other values. Let us again place sill
yer back a. basic money with gold and we at
once restore. values. accordingly In other things.
A. regards the bullion price OF silver again go
lnK 20 par under free coinage, being = beneht to
she mine owner. It win OF course bring accord
lnG!y u proportion tho same benefits TO him a.
70 the farm owner. He i helped BY 10 bullion
tarmer is helped by its doubling She primary
his values. The silver and gold mines were
largely opened up when gold and silver were
expected to be kept At par. Putting silver In
it, time-hOnOred aplace Of 200 years 10 nothing
more than complete justice 10 the mine owner.
Our production Of silver b about nifty millions
annually; our other products amount to some
thing like two thousand millions annually, but
as Senator Allison said at Brussels. we believe
this effects the prices of al our other products,
and shat 10 our reason for asking the coinage OF
silver at per with gold ~ primary money.