The morning times. [volume] (Washington, D.C.) 1895-1897, 1896-08-31
FREE COINAGE OF IRON.
Georgia Man Convinced That More
Money Is Needed.
AfLa,a,., L.4r..l.I

Money Is Needed.
Atian.u yourndL
Alexander p Hull of Atlanta, Is a strong
16 TO l man. He does not behave in half
way measures. The free coinage OF silver
idea is too tame for him. He Is willing 10
see the silverites and go them 100 points
better. Here are his declaration, PROPOSE
ton and argument:
Having been deeply impressed by the
arguments OF Judge tiIsp, Bryan, Stewart,
Jones aud other silver leaders, and eSpe-
CiaIy grieved shocked AMI Borntied by :i-e
'awfui cri.ne Df 1875 as So Iuridl y depicted
daily in the columns or the Atlanta Con
sJltution aud other silver organs, 1 have
changed my views on the money question.
and am reauy 70 maiataiu the propositions
following IN joint debate or newspaper con-
troversy:
Il accept the arguments OF the advocates
OF silver and agree with their remedy as
far as IL goes. However. il does not go far
enough. Let us have plenty OF remedy-in
fact, enough to make debt aud poverty
things OF tue past. relics OF the dark ages.
l am in favor OF the free aud Unlimited
coinage OF pig iron at a ratio of 16 to l
with gold by the United states alone, in
dependeutly OF all uations, and can prove
by the best authority obtainabie that such
Il Poiicy on the part of the United States
viii rinse prices, put plenty OF money IN
circulation aud give tHc hottest debtor a
chance 10 pay ais debts thereby aking
the whole country prosperous.
Now In the first place, 1t may be urged
by some who do Dot understand the sub
ject of standards of value, that a free
coinage act for irCu would not raise its
price To Il ratio OF g 10 I with gold. To
them reply that the stamp OF this gov
eminent and the legal tender Qualities
or the iron dollar would instantly ma Ike
the baliion value OF pig Iron the same as
the mint value. For who would part
with an ounce of this precious metal for
anything else than the mint valu e.
(Stewart, Jones, and Bryan)
Again it may be urged that our mint
would be overcrowded with pig iron.
reply that the price of pig iron having been
raised from 81 so a ton to ratio OF l 9 TO
l with gold the world over, no one would
especially care TO carry it to the mints
since the mint price could be obtained any
where in the open market ATLANTA
CoDstitution.D Next il may he urged that
gold and silver would go out Of circulation
l reply, first: This is a mere assumption
of the tools Of the money power which they
cannot verify. ATLANTA Constitution }; sec
oDd- Suppose gold and silver do go out
of circulation, is there not plenty Of pig
iron to take their place and give the people
plenty OF money! (Bryan); and third,
Such an assumption mixes the ideas OF
circu lating medi UNI and standard of
value; gold and silver would still be
potential money metals, though not in
circulation, and would lend their help
toward raising prices and causing general
prosperity tCrisp.)
Then again, IL may be urged against
the pig-irou standard OF value that wages
would not rise in proportion to prices
The reply is: Wages would be compelled
to Use, since no man would be fool enough
to work for one dollar day who could
make 81 600 per day picking up rusty
nails and old horseshoes. and carrying them
to the mint for coinage (Huil.)
I'm addition. it may be urged Dy the
money power, by the Wall Street Sharks
and the Bond Street shylocks' that we
could not alone go on a pig-iron basis with
out an international agreement To such
dastards as dare to lay a limit TO the power
of the American people to do what they
please, independently of all nations.
hurl their cowartiice and lack Of patriot
ism back in their faces Bryant
THE crime of demonetiZing pigiron
took place about 1900 years ago. when
certain .goldolaters' and 'silverites,' in
order to increase the purchasing power of
their ILL., gotten wealth, secretly and like
thieves in the night got the demonetiZa-
ton act passed repeating the good. old
free coinage act Of Lycurgus, the friend
of our ancestors daddies' Today China
is the only country OH earth honest enough
to Coin iron, aud there the happy aborer
can carry home the wages Of his honest
toll in wheelbarow.' ATLANTA Consti-
tution.)
"A ruinous tan In prices followed the de-
monetization of iron and has Continued Tor
upward OF 1000 years I have calculated
the losses entailed upon the honest people
OF this world by that ruthless act, but the
figures are so enormous 1 fear q revO-
luton will ensue II the people learn
how greatly they have been robbed. But
facts are facts, and the best way to
right u wrong is to meet it sqnarely.
That loss is $21 900 coo 900 900 ,00e;-
900 ,0OO, 000, 100000 Coins Financial
Schooll
I'm conclusion, insist that the free coin
age OF pig iron win do everything that b
claimed Tor silver and infinitely more. The
people will be rich and prosperous. The once
poor man can pay his debts with f1fs old
stove. Railroads can declare dividends on
old rails and wofn-ous rolling stock. The
small boy car pick up old nails and horse
shoes cneusA 10 support his family. In
fire, poverty ana debt csn No longer exiscf"