Fair play., 1896-10-31

cniurd the amnzing amounts "t D, loo
OOO. 600 francs oi silver aud I,boo,
900 900 francs Of gold, and during the
| whole period her own ,niio of 10
to I was maintained; IL rsl"h 'h'
worlds price "f The metals ",i" 'h.'
| cnInm"rri, price stO"d nj the F'e"ci'
mint price, except "S :" cost ~ 'f""--
pprtniinu In 1868 when the French
inin,- were oprneh t" free coinage nf
the ratio "i ID so Ia l, the c"r,nn"rrlti Al
ratio was Is 81 to ! al the end at 40
years, the coinage. raii" remaining tn"
same, the rummcrciu! rniio sio"d nj
1851. During all this irri"d The
greatest fluctua,irn of the c"in'nrrr'ni
ratio was in the iieca'tc from about
1910 to 1920 and rnngrd "nI, from
1904 to 1898 ii diifrr"nc" r"Inparn-
tivci, in-igniiicant. During This period
France funyht ont II Years of M
p"lrGHir war, Sustaining herself A.
most -iu9lv against u'.it"d Enr"l'".
hat her -oil nvcrTun and her cari',i
twice captured by III" cnc,n' i""k
her share in the C:imcnu Wnr,
changed her form of government t''W
tar, .,>irn,, rni came out AZ the end
of the period with her wealth. in
creased ir"m S276 per head in 1908 I"
81 ,OSl per head IN 1873, sustaining
her raiIu %! ID 2 {" l ana ruling the
worlds MARKETS tor the l''Cri"u>
metals nil the time. All this "u II
bimetaiic :, stem at currency. La tnr'
That was the sole reason sh" WAS able
to do II at all. During this period ni
~ wears the relative worlds rr'iuc
lion OF gold aud silver varied greatly.
From 1911 to 1850 212 to- tines n
much b, value OF silver was produced
~ of gold We, Tie cnmmr:cia! rm'i"
varied from the French mint ratio
o.ly by the difference between l5 80
and I6 2j From 1850 to 1873 tui, 3
times more gold than sil.cr waI pro-
ducrd ; vet the average commercial
ratio stood in 1873 at Ii Sc |, did moi
get tar enough away from the mint
ratio. Ia get cold Why! Because
France had created an unlimited de
inand for both gold aud silver AZ n
ratio of Is l 2 TO i. During the p"r
ton "t this ,criud when ih- 9"li pr"
,lurtinn was 3 Ia l ut silver, Ausiria,
Prussia, Bavaria nni iln,innd demOnc-
hzed goiI, and the creditor classes
sought 10 make The decentralization OF
goId general, cnniending that, in
view of the oyrrproducti"n at gold
Europe would br flooded with 'cheap
ynid money" They wanted silver to
be the uni7 standard he.arse silver
was much the drarer metal But Their
fears proved unfoundrd, Tor the open
Frrnr. inintS controlled The situation.
Now when some assert that the big
u. y. rnnInt maintain ratio w"repit
that little FRANCE did il ina time much
less promising than now, and All
vanced in wralih and aion" every line
OF progress while doing il.
''Bui. say these singie gold stand.
ardist-, ''thc output at the silver
mines al.,ne furnish more silver than
we could coin and keep thing
straight" Now This il the Ia-i leg /,
left tor that fit, cent dollar /" ,tnnh |
on Let II. proceed to saw II otf ana
have done with II.
Remember thG' there arn over 500 !
million people who use silver ~ their |
currency and they aid /" that eur |
rene, every year. have shown ihai |
there il no hoard of silver huliiun,
that foreign coins cnula not b. sent
here to be rrc,Ineh, that -iivrrwnr.
cannot be broken up to he coined |
Now let IL see u-t what part "f the
worlds animal production rt silver !
would tall ,n the l. \ aS our share.
or what amount nf ii yer cuui lie I
brought tn our mIn'I
The last Year of winch III" n"r"-sar, +,
statistics are "biainable Is 1891 The
figures are official.
Amount If worlds production of |
silver in 1891, $2l6. s92 200 Taxing !
ava, from ihi- total the Nalne OF !
silver used in the art, or one 'nird,
leaves S1ii, ,594 800 ~ the whole !
amount avaiia 1le tor the worlds cnIn- !
age In 1894 there wa- coined !" /
silver b, all nation., excluding the L /
) $lO3 ,s95 i37.
Amount available for coin ..... .....slH 5a1, son !
- coined 10y other nations loi, s9'. AZ !
:" to be coined by l.. :. .......s 40,f99. .;pi5 /
Now W" coined more silver than /
that So. .699 1863, under the Bland |
act, III rrop"r'Iun t" p"pnlaii"n then
ana now, every wear, "hu W. n''hhiN ,
used or 8 millions more annual,
under the sherman lnw No one ran !
claim that the belts of tn" American
people were at nil di-fenird from !
swallowing silver under either oi
these acts.
Now what is the hnuns' ronc'u-i u?
The assertion that the L. = r"rn", |
maintain - rniin OF 16 tn !, stands ON
no foundation aud fnlls tn the gr"un" |
while il ia perfect, clear and "hvi"u-
that we can inain.ain the -atio aud d"
it easily. aud thai the silver dollar,
under free and unlimited coinage,
will he a- gOn.i, Ne sound, as hottest n
dollar as the sun ever >h"ne on. The /
fifty cent dollar never existed in our
history and never will exist it, ghost
should he laid permanently, ar be
used Onl, in the bogv tales of the dim
future to frighten little children.
Rich Discoveries of Gold
at Cripple Creek, Colo and else
where. are being made dali, and the
for 1896 will he the largest I