White Oaks eagle. (White Oaks, N.M.) 189?-190?, 1896-05-07
A LITTLE or THE OTHER SIDE.
Editor EAGLE:

A%''AfaA A~FhbAb'
Believing, as do, in the fundamental
principle Of onr government, viz: -
that the majority shall rule; | think it
but just, also that, where a small minor
ity OF any body-whether a jury. com.
mission or community, dissent from
the views held by the majority that
they. the minority should not only have
what they consider valid reasons for
such dissent. but should also be willing
to make known those reasons 80 far rs
possible in order to satisfy the majority
that their dissent is for cause, and not
from sheer obstinacy or pig headedness.
| therefore take advantage Of the
offer in your last issue to allow space in
Your columns Tor "GoIdbngs" to express
their views | do not, however, lay any
claim to the above title, uness the
absence Of gold from my pocket consti
tutes me one, although i confess have
very serious doubts" as do they con
cerning the ad> isiUilty of opening the
mints of the L. $. to the free and un-
limited" coinage of silver at the ratio OF
l6 to /, or any other ratio short Of the
ratio which the market value of the two
metals would determine to be the cor
rect ratio. | do not propose to try to
answer your questions. !, ,, and 4. as
| freely admit that to do so would re-
quire more thorough knowledge Of the
matter than | pretend to possess; i'll
fact | may as well admit at once that
my study of the subject has been but
superficial, as must to that of anyone
who has not made the subject Of national
tiuance life study consequently shall
not attempt TO deal with any but those
points which, to my view, crop far
enough above the subjects horizon, that
a "way-faring man, though partially
blind, might at least observe the shadow
cast by them, so shall come i'll under
5thly.
The one thing that strikes me most
forcibly as Arguing against the abiity
of the U. S. to carry out an absolutely
free coinage syst, NJ and attempting at
the same time to maintain a parity Of
values Letwccn the two metals at the
ratio of l6 to is the immense quantity
of coined silver in the world. The fol-
lowing figures are taken from the World
Almanac, 1896 shall not consider the
silver coin of England. France, Ger
many or any other country which backs
It's silver circulation 10y gold, but men.
lion tie fol owing counties which dc
not attempt to MAINTAIN their silvercir
culation above its market value, viz;
! Irdia. lS50,0C0 600. silver
China...........725 5,O00,O0O silver
SPAN .........l5 l55 5C00,000 . silver
The Straits ..11 110,000,000. s liver
Mexico. ......... 5O,O0O,OO0. silver
! Total silver circula.
ton at its coined value s Sl,9S0,000,0 ,0C0.
In round numbers, we find in cirrula
{ on in Il os countries at lis CoineC
value S2t0J,t00W0 in silver aside
from Ju on. Now it is / ropct Ct
that the United States. with ;
silver circulation Of SG24 ,00O,t 90. which
is maintained at parity with gold oul!
10y the credit Of the country. and which
10y the way, ls a much larger sum thar
any other nation in tue world attempts
to carry and maintain at II parity, shal
attempt, unaded and alone, in effect, t,
double the value OF all the silver nov
circulating in those countries at a dis
count OF 50 per cent. from its coine,
value. Or, in other words, the U. 5
must, by its own unmded action an'
credit, arbitrarily increase the presen
wealth tf India. China, Mexico, &c., b.
at least one half Of the full amount q
coined silver within their dUmiuiont
which, figured as above, would be viz
tual unearnod donation to them of 81
000, 100000, coin alone, bullion vain
unknown but undoubtedly great.
They, | presume, would he tla
to see us try It, but think ii be
hooyes the people Of the T.. =. to ponde
we'll over the possible results to then
Of such course, before trying il. NJ
own candid opinion is that au unrestric
ed effort to that end. uraided by any &
tue other great powers. continued fC
two years would leave orr credit NOR
strained than it was at tie end Of tn
four years war cf the rebellion.
II is uleo claimed by the adhorents {
I the lG to theory, that the unr, stricto
coinage Of liver would increase the p,
capita circulation; but LET us SEQ # thi
statement Is verified by statistics.
quote from the same volume:
United States, per capita, 1899 1, Gol
Standard........ .................s2 s26
{ Spain, per capita, silyer..........i7l
p Mexico, por capita, silvor....... So
( India, per capita. silver r....... D..
\ China. per capita, silver, ,u..... IL
@ Judging from the above figures coi