Daily capital journal. (Salem, Or.) 1896-1899, 1896-08-03
BUBBLE EXPLODED.

Editor Sacramento Bee-Sir: /
ve throw our mints open to the fre'
coinage of silver, what is to prevent
man who owes $500 in the United
States from going to Mexico with $500
huylnp silver bullion, taking it to the
limited States mint, having 1t coined
In 1000 silver dollars, paying his debt
Ind making $500 by the transaction
Tbis is one of the questios the advo-
hates Of silver are expected to answer.
The answer is simple enough
when our mints are thrown open to
sbe free coinage Of silver at the ratio
VI IS to |, no man will be able TO pur-
Rhase an ounce of silver in Mexico or
Anywhere else for 65 cents. The mo-
nent our mints are thrown open to
1yer at 10 to the mint price of sill
,er ln the United States will be S1.29
an ounce. That will be the market
brce Of silver bullion In New York.
rhe wires are put in motion and it
becomes the price In Mexico, London,
Paris, Berlin, India and all over the
World. 1t will be a little higher In
london, for England will purchase
her bullion here or in Mexico, and the
SDst Of transportation, q mere trifle,
eill be added. The rupee will then
tost England twice as much as 1t
does now-that is, given quantity Of
gDld will purchase only half the
Qnantity Of silver IL does now, and
'herupee will pay for only the same
lnantlty Of wheat in India that IL did
eiore, Therefore, measured by the
pa standard, bushel of wheat will
spst twice as mnch in Liverpool as it
pes today, and il in Liverpool then
\ New York, Chicago and other
paFkets; for the Liverpool market
pverns the price OF breadstuffs the
World over
But why cannot silver be purchased
h Mexico for 50 cents an ounce, after
Fe free coinage Of silver the same as
flOFe' Simply because no one but a
pernatural idiot would sell silver
lllon In Mexico or anywhere else
% cents an ounce when he can
tnd II to our mint aud have 1t coined
. standard silver dollarsat i6 TO /,
with the dollars thus coined he
purchase and pay for any commod-
IN The United States at the current
'iKet price. That would be equiva-
70 d.26 an ounce for silver bullion.
PS being the case, no one having a
luele OF grey matter In his cerebrum
u'd De guilty of anything no idiotic
unousiness like as selling silver
non al 10 cents an ounce. Com
~hSe, then, to say nothing OF
'ueSS tact, would prove an insuper-
%frler TO the purchase OF silver
''SS than sl.29. The more silver
u'O the better for the people, for
Wy would be more plentiful, BUSH
more profitable, employment more
!" obtained, and prices would be
'Of every commodity the people
Oun'ry has to sell. Getting more
w TOT their products, farmers
'1Oe oetter able to pay their debts,
would soon be prosperous again,
II "s0es without saying that when
I''s are prosperous, when they get
prices for their crops, the whole
Ns Is prosperous and every in
+ 'y aOurlshes.
nave tables showing the aggregate
0e' Of bushels of wheat, corn, oats,
- potatoes, etc. and bales Of
y sold annually in this country,
DO' put my finger on them now,
'OldglVe them, but the increased
! resulting frOm,wheat aud cot.
Sas ~ "Ouln put nearly 100000. 200
pOcKets of our beople every
'O'' would make what is called