The record-union., 1896-08-30

does not go far enough Let us have
plenty of remedy-in fact, enough to
make debt and poverty things of the
past, relics of the Dark Ages | am
in favor of the free and unlimited coin
age of pigiron at a ratio of 16 to | with
gold by the United States alone, inde-
pendently of all nations, and can prove
by the best authority obtainable that
such policy on the part of the United
States will raise prices put plenty of
money in circulation and give the hon
est debtor a chance to pay his debts,
thereby making the whole country pros
porous.
Now, in the first place, it may be
urged by some who do not understand
the subjects of value that a free coin
age Act for iron would not raise its
price to a ratio of 16 to ] with gold.
TO them l reply that the stamp of this
Government and the legal tender quail
ities' of the iron dollar would instantly
make the bullion value of pigiron the
same as the mint value. For who
would part with an ounce of this
precious metal for anything less than
the mint value? (Stewart, Jones and
Bryan)
mints would be overcrowded with pig
iron. I reply that the price of pigiron
having been raised from 81 80 per ton
to a ratio of IS to / with gold the world
over, no one would especially care to
carry it through the mints, since the
mint price could be obtained anywhere
in the open market (Atlanta 'Consti-
tution.) Next it may be urged that
9 nj ell mt of cir a.
ton. reply, first, this is mere assump-
tion of the tools of the money power
which they cannot verify (Atlanta
'Constitution.) Second, suppose gold
and silver do go out of circulation. is
there not plenty of pigiron to take
their place and give the people plenty of
money! (Bryan.) And, third, such
an assumption mixes the ideas of cir
culating medium and standard value;
gold and silver would still be potential
money metals, though not in circulation,
and would lend their help toward rails
ing prices and causing general prosper
ity.' (CrispD
Then, again, it may be urged against
the pigiron standard of value that
wages would not rise in proportion to
prices. The reply is, wages would be
CO1Hpeileu 10 rise, SlHCe llo illdI NouiO
be fool enough to work for 81 day who
could make 81 1000 a day picking up
rusty nails and old horseshoes and car
rying them to the mint for coinage.
(Hull)
I'm addition it may be urged by the
money power, by the Wall street
sharks and the Bond street shylocks,
that we could not alone go OF a pig
iron basis without an international
agreement. To such dastardS as dare
to lay limit to the power of the Amer
lean people to do what they please, in
dependently of all nations, l hurl their
cowardice and lack of patriotism back
in their faces (Bryan)
The crime of demonetizing pigiron
took place about 2200 years ago, when
certain 'goldolators' and silveriteS,' in
order to increase the purchasing power
of their ill-gotten wealth, secretly and
like thieves in the night got the de-
monetiZation Act passed, repeating the
good old free-coinage Act of Lycurgus,
the friend of our ancestors daddies. To
day China is the only country on earth
honest enough to coin iron, and there
the happy laborer can carry home the
wages of his honest toll in a wheelbar-
row.. (Atlanta Constitution.
"A ruinous fall in prices followed the
demonetization of iron, and has con-
tinued for upward of 1000 years. l
have calculated the losses entailed up
on the honest people of this world by
that ruthless act, but the figures are so
enormous 1 fear revolution will ensue
if the people learn how greatly they
have been robbed. But facts are facts,
and the best way to right wrong is
to meet it squarely. That loss is S21.-
5000 000, 600, 900, 600, 010, 600 0,000.'
CCoin's Financial SchoolD
I'm conclusion, l insist that the free
coinage of pigiron will do everything it
is claimed for silver, and infinitely more.
The people viii be rich and prosperous.
The once poor man can pay his debts
with his old stove. Railroads can de-
clare dividends on old rails and worm
out rolling stock. The small boy can
pick up old nails and horseshoes enough
to support his family. In fine, poverty
and debt can longer exist" (Atlanta
"Journal.)