The pioneer press. (Miller, Hand County, S.D.) 1893-190?, 1896-09-03

ssVUron aauus ha.'hg issued and circp,o.o,
silver dollar 1t must in hono- sn ! the
eoluer rom loss, This Obligation q the
far sacrediy kept. Not onlr has 20 /
moral obligation, but there ! tlee a |
CATION. expressed in public statn. 'esai obi. |
tain tho parity. 70 main. |
They Could Not he Ken,
These dollars in the partic,,a. tHr.
named are not the same rs fhn ~ have /
would be issued under freq co,na ,,iS which
would be the same In form Inn, they
In value. The government uopid inherent
part In the transaction, cxcent ~ hiVe no
silver bullion into dollars. II wony E'h the
In no part of the profit. II wcnp, snare
upon itself no obligation. 1t Womb 'aKe
the dollars into circulation. II corh h'' put
get them as any citizen would yo+ n'
by giving something for them. II wuunesam,
denver them TO persons who depos,to soad
SILVER ana its connection with the tr." que
action there end. Such are tho sir uahs-
lars which would be Issued under fro er a9.
age OF silver ut a ratio of l6 to ! y W
would then maintain the parity, wn
would keep them at par with gold, ra.mat
would be no Obligation resting nnon ,usre
government TO do 1t. and il there wora ;"
would be driven to a silver basjs-to GIVE
recommendation. These dollars ,boronn"ef
would stand upon their real value 7,
free II coinage OF silver atI
ra''o OF sixteen ounces OF silver n on
ounce OF gold would. as some of it's adj"
Gates assert, make 81 cents In silver r"nu.S
100 cents and the silver dollar eoraI "Oua
gold dollar, then we would have no cho.ns
money than now and il would be No oolpu
10 get. But that such would be tha 80 r
is against reason ana Is contradlctnd Lv ~
porience In all times and in an ,onJs "a \
means the dcbascment OF our currencr =
the amount of the difference between ~, !"
commercial and coin value of the silver SI
lar Which Is ever changing. and the essr,
would be TO reduce property yalpos on..SS
untold financial loss, destroy coufda,co s
pair the obligations OF existing con.r.E
further hnpoverish the laborcrs and w.
ducers or the country. create n panic ~ ~
parallelcd severity and inilict unon ,,aS.
and MINER a deadly blow. Agolnst M
such policy nm unalterab;y opposed
:~'imetalIism.
BiInetalllSm cannot he secured by inaono,
dent action on our part. IL cannot bo
talned by opening our minis IN tho ~
limited coinage of the silver of tho nal,
at Il ratio Of sixteen ounces OF silvo, >.
one ounce Of gold when the commercisl |
ratio Is more than thirty ounces of silver 10 |
one ounce or gold. Mexico and China have |
tried the experiment. Mexico has free coin. |
W ~ oAih S'ih al u RATIO Nllphflv In
excess of sixteen and one-half onnces NJ |
silver to one ounce of gold, and while her |
mints are freely open to both metals ., |
that ratio. not a single dollar In gold hnl. |
lion Is coined and circulated as money Gold
has been driven out of circulation In thpsa |
countries, and they are on a silver basis
alone. Until international agreement Is had
ii Is the plain duty If the United State, |
10 maintain the gold standard. 1t is the
recognized and sole >tandard of the crea,
commercial nations of the world, with
which we trade more largely than any
other. Eighty-four per cent of our foreign
trade for the fiscal year. 1895, was With
gold standard countries and our trade with
other countries was settled on a gold basis
We Vow Have More silver Than
Gold.
Chiefly by means of legislation during and |
since 1873 there has been put in circulation |
more than SG24, 900, 900 of silver or It's repre-
sentative. Tlas has been done in the honest
effort TO give Ia silver If possible the same
bullion and coinage value and encourage
the concurrent use Of both gold and silver
as money. Prior TO that time, there bad
been less than 1900, 900 of silver dollars
coined in the entire history of the United 7
States. Il period of e~ighty-nine years This |
legislation secures the largest use Of silver
ApitNlSN'iA WIN bIuiCldi Salty ~ ~N
pledge to maintain its parity with gold
We have to-day more silver than gold This
has been accomplished at times with grave
peril TO the public credit. The s0-caHed
Sherman law sought To increase all Tue
silver product OF the United States pl
money at It's market value. From INV 70
1893 the government purchased 4,JNtW
ounces of silver a month or 54.WV"
ounces a year. This was onc-third the pro.
duet of the world and practically all u
this country's product. Ii was believed y!
those who then and now favor free coihase
that such use Of silver would advance us
bullion value to its coinage value, but ths
expectation was not realized. In a lev
months, Notwithstanding the unprecedenLea
market for the silver produced In the thueu
States, the price OF silver went d0Wh 't!
rapidly, reaching a lower point ibah eve,
before. Then, upon the recommendation VI
President Cleveland. both political paraes
united in the repeal OF the puFchasss
clause of the sherman law. We cannot WIZ
safety engage In further experiments ="
this direction.
The Doublc Standard. 80.
on the 22d Of August, 1871. ia a p"ons
address. | said: IF we could have an ~
tcrnatioual ratio which all tie icau'ts -
lions of the world would adopt, ana W
true relation be fixed between me
metals and all agree upon the qul"'n!
silver which should constitute a doIIiI' ns
silver would be rs free md uniilllIleu o.,
privileges OF coinage as gold Is to-day. and
that we nave not been able to secuIe', IN.
."ith the free and unllriited coinage " ,be
yer adopted in The United states az !.
present ratio. we would be stu lnr'nvt
moved from any international asree ~ W.
We may never be able TO secure : ,.or
enter upon the isolated coinage Oh 80 a
The double standard implies equail! al.
ratio, md that equality can only DC II
lished ny the concurrent law ot hato" ,bat
was the concurrent law OF nations hire
made the double standard: IT VIII ,el@ate
the concurrent law Of nations to relhs'a"
and sustain II.
Ii Favors the Use Of silver """'
TIE Republican party has not Deen t %
Is not now opposed 10 the use ~ II
money as its record abundantly sHo"a IN.