The times. [volume] (Richmond, Va.) 1890-1903, 1896-06-03

and silver SPECTATORS, IL would t-ihe
twenty years solid operation. So we have
all the bullion we need. and this cannot
benefit the mines Of the country for some
time unless more mints are put UP and
operated at the expense OF the people.
The mines could stay closed down until
the present supply was manufactured into
money.
You say this talk Of honest money. and
OF sound money is "bosh.' Let's see: our
silver dollar Is now worth about hfty-two
cents and IL only passes for dollar be-
cause the government has promised 20
redeem IT in gold az 10 cents. II 1t was
made Of tin instead OF silver. II would
buy lust as much and be as valuable as
money as Il Is now.
Uncle Sans guarantee gives you the
confidence in Il you have. and without II,
you would hardly accept hfty-two cents
for 100 cents obligation. You will re-
fuse and repudiate the very thing you
clamor for
But the mere stamping a dollar on
nfty-two cents worth OF silver would not
make IL a dollar but for the confidence
in the government az its back. Now,
YOU propose to coin silver into money. 20
make'l6 ounces Of IT pass fer one ounce
Of gold. as its legsated value, 10 com
pel its acceptance FOR debts contracted
in good faith before the law is made,
which IS a good thing for the debtor but
hard on the creditor who has loaned his
100 cent dollars. and IS forced 10 accept
dftv-two cents IN payment. Fun for the
boys but rough on the frogs.
when you ask the building and
loan companies for settlement
Of the hard earned savings You
are depositing with them you will be
forced 10 take silver dollars They Will
paw YOU the number Of dollars they owe
you. and you then take that money ana
try TO invest IL and see how FAR it goes.
The government coins fl free but the
government turns f. loose on IT'S own
merits withdraws their guarantee or re
demntion. and 10 az once goes TO IT'S real
value and is taken FOR Just what u
weighs I'm silver az the market price OF
the bullion.
You go back 10 the building
and loan companies ana say
81 cant use this money gave
you money 10 keep for me worth 100 cents
ON the dollar" They will tell you the law
allows them to pay YOU i'm silver dollars
and forces you TO take II, and you must
do the best you can with IT, You say
tho government stamp is on this money
you give me and H. is stamped a dollar
but people laugh az me when 1 insist
that they take IL for a dollar in purchas-
ing goods or material OF any kind and /
tried 10 loan IL. but the man who wanted
10 borrow the money would only agree
10 give me his note payable IN lawful
money OF the United states. and when /
priced an article az the store formerly
worth a dollar the merchant asked two
prices FOR it. 500 in gold and two dollars
I'm silver. and / having no other money
was compelled 10 pay two dollars when
you should have given me what I left
with YOU as a safety deposit concern. Do
The building and loan company
will tell YOU that "snce free
silver was made law Uncle
sam ropudiates or is afraid 20 cash his
own issue and that they owe money IN
Europe. but their creditors refuse 20 take
silver except ON actual wcight at IT'S
market value, and they were and are
compelled 10 pay their foreign obliga-
tons IN gold. ard have none left with
which 10 settle with home depositors. and
besides they don't have TO. Your insur-
ance policy natures by reason OF your
death. a policy y0u have worked hard 20
keep intact. paying on r. good dollars
and your beneficiary goes 20 the company
for a settlement. and that company viii
most certainly pay the obligation in sl-
yer. and perhaps your wife and children
Will be loaded with silver dollars with
which they must have the same trouble
I'm investing as YOU did with the money
you saved I'm the building and loan as
ISOLATION. You go 10 q bank 20 draw
your balance and they VII lelve you "a
ffty-two cent dollar Uncle Sons stamp.
YOU see. will not make nfty-two cents a
dollar any more than n j1ckass Will Doe
made n mule by stamping "muie' on him.
Ir Will still Doe % iack and viii not bring
anything but the price Of jacks at the
time you have him stamped mule. unless
the man who stamps him IS responsible
and guarantees TO redeem him with n
mule or the value of a mule when you
are ready 20 dispose Of him. AS st is
to-day. Uncle sam stamps mule on a
iackass and 10 is exchanged from hard
10 hand FOR mules and the value Of mules
because Of the guarantee not because
the stamp makes it SO. Then why allow
the retirement OF guarantee which
makes a ffty-two cent silver dollar pass
as exchange FOR n good dollar or it-
oquivalent2 I fail - see the reason FOR
the experiment. We had best Oct well
enough alone
Il
20 ask you how the adoption Of free
coinage OF silver Will make your pro-
perty in Texas and elsewhere command
better prices" as you say.
Certainly this will not benefit an unde-
veioped country Ike Texas. SO legisla-
ton that would tend TO create dlstrust
On our currency would add any impetus
10 foreign capitalists seeking places for
their boarded millions. lie would be a
fool 20 invest money i'm a country where
the currency was contracted (as IL Will
be with free silver I'm a country wherein
the people themselves do not repose faith
I'm their own money. What has money %
DO with values any way VIII YOU tell
ne2 ! confess I don't know When our
products are over-abundant for the
demand. the prices fall. and when the
production IS less than the demand the
prices rise and that is So has been So
and will always be so. whatever the con-
diriOn Of our money affairs may be- Sup
ply and demand will CONTROL prices as
surely as water runs down hin and seeks
its evel. II must be so. Local ISSUES
and unnatural conditions may bear some
what on prices temporarily but II will re-
sumo the level on that basis Of supply
and demand as long as the world goes
round.
And row comes the most personal anC
pertinent argument YOU have produced
| Let US get back to where we were be-
fore 49," All right. ard I accompany YOU
with much pleasure 20 the days OF abe
/ ,c-. % ,.-hou Won ana I ware hovq 10