The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-05-16

worm AttE lAlflA5 DIM lALl@E ElfAL calamity
happened than they are worth now The
money dealer knows this principle and he
/ applies it TO his Business.
Cattle ere raised by nature aud the sup
Ply is regulated by the demand All arc
free to raise oattle who wish to, bat money
4 As an artificial substance and Is made by
I law Tbs money dealer knows this and he
I gees where the money is made and gets
/ those laws made to suit his business. 1t
] Woula be g great temptation to the cattle
man If he had the power to destroy half
/ the cattle Of the worid.
The temptation has been too great for
the money dealer to resist.
BlusefaIliaua Defined
We believe that blmetallism that relies
on two metals for money is 8 better policy
than one that relies on only one metal.
We dc not pretend to say chat the intelli-
gence Of mankind may not dnd a better
system than both Of them but we do say
that to dsmORetize either Of these metals
lis q step backward and not 81 step forward
Bimotallisan is she right to uss either
gold or silver as primary money Thus
under such law, If our trade relations or
the laws Of other nations take our gold
away, then We have silver, and no serious
injury occurs. And the same saving prin-
eiple applies If our silver should leave Us
and gold remained.
The vital principle in bimetaElHm Is tho
right to use either metal. Tf production
grows less on one, we have fhs other, and
the two together furnish a more stable
supply Of money than either alone can
furnish. With only one Of them for money
the contraction and expansion of the
world g supply, alternating as they viii,
makes an uncertain and unstable supply.
OF the two metals, dollar for dollar, 6
parts Of silver to part of gold, silver is
ths most useful Of she two is applied TO
the most uses aad is the most servicsable
to mankind Of the two metals.
The principle that it is safer to rely for
money on two metals than on one is a
principle that we carry into everyday life.
We rely on whsat. corn and rice for bread
on bsef, pork ard mutton for meat. If
oHs is scarce, we use the other.
Under free coinage OF both metals silver
and gold are in competition with each other
TO supply the demand for money So long
IS pork and mutton are in competition
with beef or meat beef cannot rise unduly
in value and threaten the health of the
nation, and gold could not. as it is doing
now. threaten the credit Of this great ma
ton if silver were in competition with it
as money.
You hear us called silver men" As If
we were opposed TO goIdl We are called
silver men because silver is the metal de-
mUnetized and we are trying to restore it
to equal rights vita gold. We are ia favor
of putting The white metal on an equality
wieh the cOlored metal. To do this does
net mean that we pu6 the country upon a
silver basis Tt means the right to make
primary money from either metal, and in
this way one relieves the strain upon the
other.
As we have two eyes. one 60 relieve the (
strain upon the other5 two ears, one to re- 7
Heve the strain upon the other, and for
the same reason two openings in the nose; I
two lobes TO the lungs and tive ven6ricles /
TO the heart so is this great necessity for
money supplied by having two metals
one to relieve the strain upon the other
and having the right to use the two does
not mean mononletallism-
What 8EonenaetalIisnn Means
The right tie use only one metal as pri-
mary money, as is the law now, is mono
metallisD. IU is like a man with one
arm, one leg or one lang. Accommodation
is a one lung monetary system.
Bimetallisn is the right to use either or I
both of tive metals Only one may be in I
use at time, or partially ons and mostly
the other. If enc grows scarce, or is cor
neFed by spectators, we may use eho 9TH /
OF. II under bimetalism one is in use I
more than the other, it Is because it is the /
most accessible. and this fact MAJ save /
our monetary system. If gold leaves US /
and goes TO Europe under bimetalllsm, it I
does not hurt Us. 1T (gold) would in such I
a case, with silver taking it's place with I
us, 60 to swell the supply Of primary I
money ia Europe and increase the price of /
products in the world markets, and /
thereby increase the price of our exports to /
those same markets Under bime6allsm /
the expectation of gold does not hurt us.
Under gold recommendation its expectation /
deprivaa us 81 the only primary money +
metal we have. Binetallism is she right /
20 use either metal as primary money, and /
that was the law up to 1873
Option Of the Debtor.
+u77 10 7a-r AI,. -7.E,
had the option as to which Of the two met
ais he weuld pay ia. Thus the demand I
was regulated by the debtor. The govern
ment exercised the same option as to its
creditors. The demand was thus applied
to the metal that was most plentiful. II
silver became the cheaper by g slight fuc-
tus5ion, tho demand was thrown on it,
thus restoring the parity between Fbe two
metals. III gold was the cheaper, il was
used, and the demand brought it back.
There is no better recognized principle
than che law Of supply and demand regu-
lating values. It was rhe law to which
bimetallisHl was adjusted, and to make it
self operative the option was given to
the debtor who would always put the de-
mad on the more accessible or cheaper
metal, and this prevented any material
ductuation in ehe commercial value Of she
eWo metals
We have bad the effect Of this law IA the
official reports of governments for 200
years prior to 1873, and the duetuation,
one dollar as compared with the other, was
never to exceed g per cent.
VsEhat Sixteen TO One Means
Under this law, with AS, 37i5I grains Of
pure silver were put ia a dollar and % 1-5
grains Of pure gold were put in dollar,
16 gold dollars to weigh as much as !
silver dollar That IS what I6 to / means.
Ia other words, any enc bringing BIZ
grains of silver to the mint had is coined
into a dollar and any ons bringing 1922
grains Of gold TO the mint had it coined
ir7tn "a folTor And as lang as this was the