The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1896-10-06

lug because the bond syndicate made 80.
O06, 900. Now the theory IL, does he want to
give the silver mine owners $60,OOJ,OU,
to slOO,0O0,000 year, and Is 1t q cheap
way?
"Why, Mr.. Stillwell," was asked, 'is
a silver dollar worth gold dollar, and a
silver dollar In Mexico worth only 81
cents" said, ut is because this amount
of silver and that amount Of gold (illus.
trailing with the blocks) can put 1t at par
! said this coin (the American silver dol.
lar) can sit up on its little milled edge and
sing that grand old hymn I Know that
my Redeemer Liveth.' Tho trouble with
the rupee Of India and the dollar of Mex
leo Is that they have no Redeemer. Bryan
says II we have FREQ silver the value of
It, II wo coin 1t at 10 to /, will be just as
high as that stack there exactly.
Twill show you that heis not In favor
of l6 to for the simple reason that the
silver dollar today Is worth 81 cents and
he says that by legislation we are going to
bring 1t up SLED He does not say how
1t can DO done; he only says because He
gives no reason. Can you sec 1t Is 40 to |.
for tho reason that he has forty. nine
chances Of failing before the silver In the
silver dollar becomes worth dollar.
Suppose we had free silver. Tho silver
mine owners only would be benefited and
almost immediately our currency would
be cut down S6W, 00) 900; as oil the gold
would 80 out Of circulation. as gold
would simply become commodity. Tho
thing for Is to understand is the fact that
II we put up tbs price Of silver to 129
where the silver men say Ii will rise to
by the adoption of free coinage, that we
will be helping England as three-fourths
of the silver mines In this country are
owned by Englishmen.
Under free coinage, gold will become
commodity and the free coinage will only
be for private parties. Under the Sherman
act, when the Government coined $50, OOO,'
900 In silver, ii made $5O0N,000 profit for
the country. What would IT DO under the
FREQ silver snap act? The Western states
would profit, the East would suffer and
that without the after result Of all the
foreign countries dumping their silver
here
What Is the use of coming 50 cont dol
lars when it would be possible to take all
the silver dollars in the treasury and
stamp them two dollars instead of onep
Let us BIO wido in our ideas Let every
farmer who owns q hen factory got Il
stamp and stamp every egg, This Is two
eggs U. S. Government Thus instead
of benetlting only few, ovel 5000 900
farmers could be benefited AMI the eggs
will repudiate themselves II left alone
three weeks.
The speaker then gave au illustration
to show how the silver dollar Is worth u
gold dollar under the present system. He
had two small buildings, one on each side
of the platform one representing the
United States Treasury and the other the
United States Mint. He pointed to the
imitation gold and silver and said
"Herc is tho United States Mint, here is
the Treasury, over there is the mine
owners bullion. Now let us illustrate the
methods Of coming silver, which gavo us
this silver dollar which is good for 100
cents worth of anything We will sup
pose that the United States is gJng
to coin $50 01O0l) in silver. Then the
speaker went to the mint and took out
two bag 1'of col n representing S6O,OOO 900.
He carried them over and exch anged
them for silver worth that much He de.
posted the silver in the mint and opened
the door and took out bugs representing
l2O 900 900 silver dollars. Half of this
was returned to the Treasury and the rest
put in circulation and each day the
$50, 900. 900 was worth 100 cents on tho
dollar.
Then Mr.: stillwell illustrated the
movement of silver was free coinage to
those who received the benefit.
Now let us see how the free coinage
idea would work. Now the United States
is going TO buy up all tho silver produc
ton in the countryand Mexico. So here
comes the Mexican, and says Mr.. Unit
tod States here have $780, 900 600 worth of
silver bullion; l would like TO have it
coined into silver dollars.
Mr.. Stillewcll carried the 600Oo,0D bull
lion over to the MiIt and took out TO-
OO0, 900 silver dollars and put it over Oh the
bullion table. Then on II map of the
United States he hung tin tags on differ
ent silver producing states and territories.
Heres Mexico, which produced 3d., O00,-
900 of silver last year for which we will
give her $50, 900, 0D0 He hung tag mark.
cd &C, 0O0, 900" on Mexico.
Idaho gave us s30Oo,0oo of silver and
we gave her 100000 for it.
So in turn he hung IL 81 10000 tag on
Nevada, II SIC, 0O0,0D tag on Montona, an
sS,010.0U0 tag on Utah. 81, 5Jo,o o0 tag on