The San Francisco call., 1896-08-28

the entire output of silver dollars would not
exceed 100000 per month or 60,000,0O0 q
year.
limited coinage of silver is the panacea for his
financial ills and suffering, and succeeds in
successfully aiding the enthusiastic silver
mine owner and speculator in dumping their
81 cents worth of silver into the mintS and
receive the Governmental Endorsement or
guarantee thereon for 100 centsswho will re-
ceive the profit between the true value and
the indorsed or guaranteed valueY
1t certainly would not be the laborer, me-
chanic or farmer, but would be the mine-own-
ers, brokers and other spectators.
If the silver Legislators, in their great gener-
osity toward the suffering people, should make
the Government much more paternal than it
is at present, give som ething for nothing and
enact laws distributing the whole coinage of
silver among the masses pro rata after pur-
worth about one-hah the price,, it would be q
very slow process in the way OF relieving
financial distress and want and doing away
with f'hsrd times, as each OF our population
would get less than 81 year.
The Mint and Sub-Treasury of San Francisco
hold over so 900 600 OF these standard dollars.
Our Mint also has enough silver bullion in ad-
dition to coin IL, 100000 more, called seignior-
age or profits.
This bullion is being coined into silver dol
lars (as it cannot be coined under the law into
any otner denomination) at the rate of $780,
900 per month, and the output will soon be in
creased to about 81 ,000, 900 per month.
This mass of silver dollars would load 2250
carts at the ratio of one ton TO each cart. As
an object lesson, imagine procession of car is
driven as close would be safe. a ton of silver
dollars on each cart, and the silver enthusiast
on the start shouting for the coinage OF more
silver dollarsl
This procession would reach from the Cliff
House to the Oakland ferry and would only
transfer the silver dollars in San Francisco
alone.
These silver dollars can be obtained by any
person having the financial ability to put up
100 cents for them (they being intrinsicallv
worth less than "a cents) and have them
shipped to their order to any express station
in Alaska, Arizona, New Mexico, Colorado or
intermediate points free from expense of
transportation, as that expense is borne by the
Government
The issue of the greenback currency during
our civil war and its effect upon the financial
conditions at the time | well remember, as
many others do. Ii was case OF great emer-
gency aud done from patriotic motives, and
all of the loyal States except California acqui-
esced in and acted upon the changed condi-
tions produced by an immense volume of cur
rency.
The effect of the issue was that before q
green back was seen in circuls ton the gold and
silver IN circulation in the East disappeared
as If by magic, and business men issued shin
plasters, and even postage stamps were used
for change. The result was imitation OF
values and 1t seemed for while that the peo-
pie were prosperous, but it was delusion and
the East to-day is suffering from "hard times, 81
as all other sections are.
l know of large farming sections of New
York State where the farms are mortgaged for
so per cent more than they were before the
green back issue. OF all the States in the Union
that should avoid the hallucination and delu.
sion of the silver sentiment it is California, on
account OF the specific con tracts that require
that all debts shall be paid in gold coin. II
may be somewhat different in States where
the contracts call only for 'lawful money,
but free and unlimited coinage OF silver will
not relieve them. Very truly yours,
ISRAEL LAWTON.