Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1896-08-27
the world. and thus restore stability
prices.
They VIII Get VnIue Received.

1 SAA6A sc lA1l We are advocating the pay
There is no pro- cent dollars At the
cess by which we present time and un-
| can be compelled der present laws, a
to part with our sIlH.SIz u S' VIZ.
gold against our hsJf iTs TsiI,a hI1y
| Will, nor is there thai will NOT be true
/ any process by when again es-
which silver can be tabllsh mint price
forced upon t 81 . Stio sI7-s-
! without our con- nnon tbe ms rkaf 70
| drag down the price
| Under bimetallisn silver bullion will be
bullion is worth as as m much gold coin. ana
| We believe that silver dollar viii be worth
| as much gold dollar
The charge of Reputation comes with
add to the weight OF existing, debts by
! legislation which makes money dearer- and
eraI welfare under the euphonious pre-
tense that they are upholding public credit
In answer to the charge that gold Will go
ABROAD II must be remembered that no sold
| the gold receives something in return for
IL o wnicn , ne would I rather have In other
WI" no. formerly owned it viii be benefited
! ooI ngTe Is no process by which We can be
our Will, nor is there any process by which
| consent Exchanges are matters of agree
ment and If silver comes TO this country
! ton of some one in this country who viii
| give something in exchange for it
States to MAINTAIN the S ary Be Set 1s eod
/ and silver at the present legal ratio, without
! foreign aid, point 10 Mexico and assert that
| the opening of our minis viii reduce US 10
| a silver basis and raise gold to premium
| II Is no reflection upon our sister Repub,
&c 10 remind our people that the United
States Is much greater than Mexico in
| Strength 1t is absurd to assert that the
which Mexico has failed 10 accomplish, The
! one thing necessary in order TO maintain the
| TO utilize ali the Silver which viii come 10
ne m mints; That MeNieo has failed TO DO
also fail.
1t is also argued that since a number
nothing can be done until all of those ns-
tons restore bimetallism- Tbs is also il
few nations have open minis. provided there
monetary demand e for ali the gold and sill
| Yer now available for coinage
machinery has Iessened the cost of pro-
ducing silver, it is sufficient 10 say that
and yet Notwithstanding that, gold has
! 'As a matter OF fact, the cost of produc-
ton does not determine the value OF the
prSGl1us meas Jas except as II may enect me
| ing gold should be reduced 80 per cent with
| chasing power OF an ounce Of gold would
not fall So long there is a monetary
price all the gold and silver produced the
cost OF production need not be considered
1T is often objected that the prices of
| gold and silver can not be fixed in relation
to each other because of the variation IN
argument also overlooks the fact that. il
is greater than the supply of both reIative
production becomes immaterial In the
nuai Production of silver was worth at The
| coinage ratio about three times as much as
| soon after 1Sls the annual production OF
| gold became worth about three times
much at the coinage ratio. as the annual
| production OF silver. and yet. owing to
| the maintenance of the bIrletallic stand
ard, the enormous changes in relative pro
duction had but a slight effect upon the
| relative values of the metals.
For the Good of All the People.
IF it is asserted by our opponents that
| for the benefit of the mine owners. it must
be remembered that
The restoration free coinage can not
| of silver viii bring benefit the mine
10 the people many owners any more
times much ad- 60 - I.-'.-N = -
vantage rs the a. must also he re-
miners can obtain membered that the
from it. loss which the de-
| monetization OF sill
| insignificant compared TO the loss which
this policy brought to the rest OF the peo-
pie ,.as,o-..;o- NJ sy,,-er will hiring IN
| the people generally many times as much
it. While 1t is not the purpose of free
coinage to especially aid any particular hd 1La
peopie should not be deferred because an
Incidental benefit viii come TO the mine
owner owner ,.,o, ~ forte the ae,nsn,nr of
harbors, the Improvement of rivers. the
erection of public buildings, all these con-
Communities, and Vet these incidental bene-
fits do not deter US from making appropria-
preparations are necessary for the public
good. The argument that a silver dollar is
heavier than gold dollar, ana that there
fore silver is less convenient to carry in
large qpa a Is bch Is an ssliT
carried the gold certificate or any other
There are some who. while admitting the
benefits OF bimetall1Sm, object to coinage al
This Direction they ought to remember that
there are no bimetallists who are earnest
ratio IA than Is 10 / We are opposed to any
changes of the ratio for two reasons. First,
because a change would produce great in
Justice and, second, because a change in
the ratio is not necessTy: a ena4ge Moui 10
the manner usually suggested. II would re
volume of standard money
Eff for instance. it was decided by in
throagRont the world to 81 to / the change
might be effected in any one OF three ways:
SO that the new silver dollar would weigh
e q6Id oisr or the present goid doIiar
could be reduced one-haf in weight, so
thirty-tyyo times as much as the new gold
dollar, the change could be made by
decreasing the size Of the gold dollar until
the new silver dollar would weigh thirty
! Those who have advised a change in the
ratio have usually sugges ,fl that the silver
made it would necessitate the recoinage of
81 coo COO 600 of silver into ZOO. Co., 90 of dol
lars
There will be Immediate loss OF 81
OOo GO go either to individuals to the
government. but this would be the least Of
the injury. shTinkage Of one-half in the
shrinkage of one-fourth in the total vol
urne of metallic money This contraction,
nv increasing the value of the dollar would
virtually increase the debts of the world
billions of dollars. and decrease still more
the value of the property of the world
measured by dollars Besides this immeSii-
ATE result such a change in the ratio would
permanently decrease the annual addition
to the worlds supply of money because
the annual silver product, when coined
into dollars twice as large would make only
half as many dollars
1.-The reople of the United States would
he Injured by a change in the ratio. not be-
caYIse they produce silver, but because they
own property and owe debts and they can
not afford to thus decrease the value of
their property or increase the burden of
their debts -