The midland journal. (Rising Sun, Md.) 1885-1947, 1896-04-10

open, nowhere in the world could
silver be purchased in bullion form
for less than its coin price, because
there is not a full supply for the
worlds use without our silver; it
being cut off for less than its coin
price that price must govern the
price of the metal in the markets
for silver in the rest of the world.
London is the silver market of the
world and it is said that five Jew
families have it all in their own
hands and publish the market price
daily as they please.
The wheat and cotton which is
purchased with our silver rules the
prices of those products for the
world. The English can put the
surplus wheat of India on the mar
ket at the price they can buy it for
with our bullion, which trade
would have to stop if our minis
were open.
Silver being money crop of this
country the better the price the
surplus silver sells for, is general
gain to the country, as good price
for all other crops is general gain.
With the reconciliation of silver
an additional supply of money
would be steadily added to the
volume of currency, and prices
would rise, and the gold trusts
power would be broken. With the
rise in prices business would start
ON all sides, labor would be employed
in creating wealth, the products of
the farm would find an increasing
market demand at home, which
would stimulate the farming bus
mess, and farms would again reach
their old time prices.
There is a bugaboo in some peo-
pies mind that the quantity of
silver would be so great that we
would be swamped in money. This
is one of the goldbug scarc-crows,
and strange to say a number of
sensible people have been imposed
upon by it. There are about eighty
millions of silver at coin value
produced in this country. If we
coined it all how long would it re.
quire to bring the volume of our
circulation up to $50 per capita Z?
1t is about IS per capita now, with
two hundred and seven millions of
national bank notes, and three
hundred and forty six millions of
greenbacks counted in. But we
could not keep all the silver in the
country any more than we can keep
the thirty-five millions of gold,
which is now mined and coined in
the United States. Silver all over
the world would be equal to gold
when this nation opened its minis
to free coinage.
No nation will attempt to open
it's minis to free coinage till the
United States leads the way. There
are nearly fourteen thousand tons
of silver piled in the vaults of the
government and every nation is
afraid this silver would be sold or
taken to their minis to be coined,
but it would not. The United
States have the silver and the capac-
ity to use it as money to their great
advantage. The people are being
ruined for the want of money to
transact business, and more money
is their only hope of escape from
abject poverty for the middle class,
and with that class reduced to pov.
erty where would be the poorer and
dependent class?
Salaries, debts, interest and taxes
are all fixed in stated numbers of
dollars. Those numbers remain
fixed, but the scarcity of money
steadily puts the price of farm pro
duce and other things down. With
an increase in the circulating me-
dunn, prices will rise but taxes will
not rise, salaries and debts will
stand at the same stated number OF
dollars. Your wheat, corn and
other products will bring you in
more money. This extra price will
pay the salaries, debts, interest and
4axes, and that increase in price
will be money you do not now get
and never will get till silver is re
monetized; and those debts, salrries
taxes and fees will continue to ride
yon down like the Old Man of the
CN