The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-06-02
A HORRIBLE CRIME.
EMokerizSlioN OF IRON 2,2oo
YEARS AGO.

J
Alexander l.. Hull Of Atlanta il ,
strong 10 10 l man. He does not believ,
in halfway measures The free coinage
Of silver idea is too tame for him. He /,
willing 20 see the silverites and 20 e
them 100 points better. Here are his dec
laration, proposition and argument:
Having been deeply impressed by the
arguments of Judge Crisp, Bryan, Stew
art, Jones and other silver leaders, aud
especially grievod, shocked and mortified
by the lawful crime of 1873" as so lurid-
~ depicted daily in the columns Of the
Atlanta Constitution and other silver
organs, have changed my views ON the
money question and am ready 10 main
tain the propositions following in joint
debate or newspaper controversy.
| i accept the arguments Of the advo-
Gates Of silver and agree with their rem
edy as far as il goes. However, il does
not go far enough. Let us have plenty
of remedy-in fact. enough 10 make
debt and poverty things Of the past
relics Of the dark ages ann i'm favor
of the free and unlimited coinage Of
| pig iron at ratio of 10 10 l with
gold by the United States alone, in
| dependently of all nations, and can
prove by the best authority obtainable
that such IA policy on the part Of the
United States Will "raiso prices. e" put
plenty of money in circulation" and
give the ''honeSt debtor chance to pay
his debts, " thereby making the whole
country prosperous.
Now. in the first place, il may be
urged by some ''who do not understand
the subject of standards of value" that
n free coinage act for iron would not
raise its price To Il ratio Of 10 TO | with
gold. To them reply that the stamp
Of this government" and the illegal ten
der qualities" of the iron dollar would |
instantly make the bullion value If pig |
iron the same ms the mint value "F0r |
who would part with IN ounce Of this |
precious metal for anything less than
the mint valuC?' (Stewart, Jones and
Bryan
Again, il may be urged that our
minis would he Overcrowded with pig
iron. i reply that the price Of pig
iron having been raised from s.. 80 a ton
TO ratio Of Is to | with gold the world
over no one would especially care 10
carry it to the minis, since the mint
price could be obtained anywhere in the
open market" ATLANTA Constitution.
Next, it may be- urged that gold and
silver would go ont Of circulation. III
reply, first, This is mere assump-
ton Of the tools If the money power
which they cannot verify" ATLANTA
Constitution); second, Suppose gold
and silver do 60 cut If circulation. is
there not plenty Of pig iron to take their
place and give the people plenty of
Bryan, and. third, such
nm assumption mixes the idea Of cir
medium and standard OF val
ne, that 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" Crisp.
Then, again, II may be urged against ,
he pig iron standard of value that
wages would not rise in proportion 10
PRICES. The reply is, Wages would
Ne compelled 10 rise, since no man
would be fool enough TO work for 81
lay who could make 81 600 per day
licking up rusty nails and old horseshoes 7
nd carrying them to the mint for coin C
&c" (HuiD. .
In addition it may be urged by tho p
honey power, 10y the "Wall street
larks and the Bond street Shylocks"
nat we could not alone go ON a pig iron
asls without an International agree
tent. TO such dastards as dare to lay !
limit to the power Of the American
eople to do what they please, independ- II
ltly Of all nations, / hurl their cow e
rdice and lack of patriotism back in y
leir faces" Bryan.
The crime of demonetizing pig iron
'ok place about 2, 200 years ago, when
rtain 'Soldolators" and "silverites
order tn increase the purchasing pow
OF their i'll gotten wealth, secretly :,
I'd like thieves in the night" got tho >
act passed repeating the q
'od old free coinage act of Lycurgus, 81
the friend Of our ancestors daddies. " @
Today China is the only country on
nth honest enough TO coin iron, and
ere the happy laborer can carry home
% wages of his honest toll in Il wheel
lrrow" (Atlanta Constitu'ion).
A ruinous fall in prices followed the
Of iron and has contin ~
a for upward of 1900 years. | have y
lculated the losses entailed upon the H.
NEST people Of this world by that ruth fo
IS act. but the figures are SO enormous O,
fear revolution will ensue if the peo 4,
learn how greatly they have been I.
bbed But facts are facts, and the best
ny to right wrong is to meet il "
uarely. THAT less is $21. OOO, OO0.- III
20, 600, 900, 900, 0OO GOO, COO, 600" err
'oin's Financial School). W
In conclusion ] insist that the frco 10
image OF pig iron will do everything d,
at is claimed for silver and infinitely .
ore. The people will be rich and pros-
rous. The once poor man can pay his
BITS with his old stove. Railroads can 4
clare dividends on old rails and worn. i
{ rolling stock. The small boy can I,
TX up old nails and horseshocs enough /
support his family. In fine, poverty /
d debt can no longer exist!