The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-10-10

cents per ounce. or 5000. OO0O00. And
strange To say. the larger part OF this
added wealth would be outside OF our
own country. In gold standard coun-
tries the commercial value OF
the silver coins in circulation would he
brought nearly to the gold standard.
This fiat of ours would substantially
double tho value of SIt2. $4,000 in sill
yer coins in Great Britain. JO0ooO.OW
ina France; S2lJ.0uO,O0O in Germany.
SJf. 100000 in Belgium; Sf6,oO0.0pb IN
Italy: S15,WOOID IN Switzerland: 3D.
0O0,OO0 in Greece; Sl5SOoO.O6O IN
SPAIN S10.00O.On in Portugal: SSJ.OOO.-
900 in Austro-iiungary; S1.0ODVop IN
the Netherlands: Sf.9OOOOO in Sweden;
S5,IW.0OO in Denmark S44 100000 in
Turkey; $7.OO0OOO in Austraia: xlo,-
OOO.OO0 in Egypt and Si1O.0OO. 600 In the
Straits. besides S62J ,OOO,DO III this
country. and raise all this money near.
ly to par with gold; aud yet we are told
that all these countries not only refuse
to join Mr.. Bryan and his supporters,
but even do not sympathize With them
i'm this stupcndous enterprise which would
add so much 10 their wealth, aud IN
large degree relieve them from
the burden now resting upon them
of keeping their gold and silver coins at
par with each other ia their circulation
But how would it work IN the silver
standard countries: This government
fiat of ours would nj one fell swoop sub.
stantially double the value of S4I ,O0OOOo
in silver coins in Russia; xoO.OOuOOO in
Mexico SS,OO0.OOO in the Central Ameri-
can states: SSO,000.OO0 in the South
American states: S950,OOO,OO in India.
and S72J, OO0, 900 in China, and would at
the same time double all the private aud
public debts of those countries. which
have been contracted on the silver basis.
But Mr.. Bryan's proposition is mere tar
| IL. III 10 m
believes that this legislative fiat on our
part would not only bring the silver now
| in existence TO par with gold at the
ratio of IL to l, but would keep Y and
the future production there. although
doubling the price would hereafter
probably double the production.
In view of these facts II there any im-
| propriety in inquiring how il il that we.
70,000O00 strong. can affect the money
! of 1850, ZOO. 900 people by a simple stat
ute. while the 1,350, 100000 cannot by
| legislation affect us: And are the people
of Great Britain and continental Europe
and many millions of Americans 10 be
dubbed ''money-grabbers" and pluto
Gratis" If they hesitate to believe TINT Mr.
| Bryan has found and carries Aladdin 8
Wonderful Lamp, and can produce these
stupcndous resultsI And are the millions
of people in this country who have made
| contracts and investments upon the pres
ent monetary standard. which is gold.
and which has been the standard, qt least
since 1879. and think since 1884. 20 be-
charged with being unreasonable when
they ask Mr.. Bryan to state explicitly
what he believes would occur not only
To their interests, but 10 the business OF
the whole country, il his prediction as
to thc rise in the price of silver should
not lac fulfilled and the standard Of cx
change should suddenly be changed from
gold to a silver basis with no. or a,
best slight advance in the c2mmercia
value of silver bullion; y. IL. Il.