Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1896-07-25

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furnished hed.............. Sf4, ,S4S, 400
Making the aggregate. los, ,S4S, 400
and leaving for the supply Of billion
people the paltry sum Of SIS, ,0i3, 500,
to he obtained from other countries.
In 1894 more than this entire pro-
duction of the world ot America was
used in the arts in Europe alone.
These facts appear in the report of the
superintendent Of the mint for 1898.
As America furnishes the rest Of the
world with the silver bullion they are
obliged To have, America should fix
its price in the market
This can only be done by is coinage
as full legal tender money upon a ratio
to gold that is established bv law in
the country OF production. The aver
age ratio fixed by law in European
states is about -! TO |. Our consti-
tuition, ii is said, prohibits the levy Of
export duties. If those countries coin
silver and pay 1t out at that ratio, can
anybody object il we coin it at the
greater ratio of l6 to and so under
value the product of our mines rs an
inducement To Europe, Asia and Al
rica to give their gold and their pro-
duc;ions in exchange for it? The
United States, on Il bi metallic basis,
and Mexico. that is on silver basis,
can easily use their Joint production
of sl24, 900, 900 of silver at par for
gold in Europe if they will give full
coinage and legal tender value to sill
yer at the ratio OF l6 grains of that
metal for o! gold.
But the decree of the II. Louis con
vention forhids that this should be
done 1t seals up the mines OF silver
the gift oi wise providence and cuts
us Oft from the advantage of aiding to
our permanent national income $780,
000, 900 Il year, as good rs gold and
| far more useful in the business trans
actions of the people. When that con-
vention undertook to throw away this
peculiar advantage enjoyed by the
United States for the purpose ut en-
richimg the class that monopolizes all
the corporate and other powers that
control finance and taxation, it at
tempted to destroy means that God
has provided for labor-the only means
bv which il can ever rise. through toll
and frugalitv, 10 that noble condition
in which the laborer, being worthy OF
his hire, can gather its fruits into per-
manen, wealth for the comfort Of his
family. The St Louis convention, in
forming its alliance with the feudal
classes Of Europe in antagonism to the
industrial classes in the United States,
vainly decorated lis leader with a
crown Of gold and placed in his hands
the sceptre ot the taxing power; but
they calculated al too low value the
spirit of the American people when
undertook To rivet the chains OF mono
poly upon them, and to load them
with the burdens OF taxation under
the Mckinley plan.
The people who create the wealth Of
the country are shut out from its
enjoyment by laws that force them
into subsidiary class by compelling
them to measure the price of their
labors day by day and their earnings
to a stinted dole of subsidiary silver.
nickel and copper coins issued to them
at the pleasure of the government.
They are permitted 10 have gold
freely coined. because the subsidiary
Glasses cannot hold it, and are denied
the same rights and privileges as to
silver, because they would then he
able to have too much of it.
In November that decree will he re-
yersed. JOHN +. MORGAN.