The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1896-09-26
FREE SILVER MEANING
Concluded from First Pagc.)

after gold coin is melted as it is in
the coin The best definition of true
money ever given is that of Henri Ger
nuschi, the ablest bimetalist of these
late times:
ut is by the ordeal of fire that
money may be tried. The coins which,
being melted down, retain the entire
value for which they were legal tender
before they were melted down, are
good money. Those which do not re-
tain it are not good money
He, however, held that all coin. both
of gold and silver, gets its monetary
power or force from acts of legal
tender. At that point comes the con-
tests between fiat money and true or
/ tender in the international commerce
of the world, which amounts to eigh-
teen thousand million dollars a year.
Gold bars certified in the mint often
have preference over coin for the re-
mittance of money from one country
to another. Bills of exchange are most
ly drawn in pounds sterling There is
no lawful coin of that name. Even in
England the equivalent is a coin law
| fully named a sovereign But neither
a bill of exchange or contract in
pounds sterling can be paid or dis
charged except by weight. Whoever
holds a Bank of England note for five
! pounds is entitled to five times 113.0016
grains of gold. When these notes are
presented at the Bank for any consid-
cradle amount, the coins are not
counted but are weighed to him. If
there are sovereigns of light weight
among them, they are not pounds ster-
ling. They cannot be forced upon him;
they are rejected, marked or broken,
and sent back to the mint to be re-
coined
Mr.. Newlands says, in fact: only
give us the power to force our silver
dollars, which will cost us fifty cents
each, more or less, in gold, upon you
at nominal value following the
words of the Bland Ac) of one hum
dred and twenty-nine cents and a frac-
ton; and by this act of force we will
bring all the silver which is now
coined, all the bullion lying idle, and
the whole increasing product of the
world, up to the standard Of the pound
sterling or the gold dollar" The world
now values this bullion at a trifie over
one-half. Any one can buy Mexican
silver dollars, Spanish dollars and Jap
anese yens, or dollars, heavier than our
own at fifty cents each, or "a trifie
more. Mr.. Newlands says: Delegate
to us the power to force these dollars
upon the people of the United States
at their nominal value and we will
raise the value of the silver bullion of
the world TO parity with gold at the
ratio of 16 to /, when it is now about
80 to l."
IF the question were put, as it is
hereby put to Mr.. +. G. NeWlands.
"Will you accept an act of the free
coinage of silver dollars and leave
every man in the community free to
choose what kind of a dollar he will
be paid in, gold or silver, when he is
receiving payment for his goods, his
wages or his earnings" what will Mr..
Newland's reply be? lie must of ne
cessity reply: NO, we will not give
any man free choice. We cannot at
tain our purpose without force. We
propose to deprive every man in the
community of his personal liberty to
make his contracts according to his
own will. We will not even permit
special contracts in gold coin. In adj
dition to free coinage act we demand
a law by which the United States shall
delegate its force to us, and shall en-
dow us with the power to mine silver
which now costs us less than sixty OF
seventy cents an ounce or fifty cents
on a dollar, to have it coined at the
cost of the taxpayers free of charge to
us, and then to give us the power to
force the whole community to take
these coins at their nominal value OF
one hundred and twenty-nine cents
and a fraction an ounce, on penalty OF
losing their whole claim if they dc
not accept this legal tender" He must
: of necessity say in reply TO this ques'
/ iG tn IA