The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1896-08-07
SUCKER STATE s,LvERlrEs.

1mpudent Claims Of Sixteen to One
Shouters ut Peoria.
The Illinois democratic state conven-
ton added hypocrisy and double deal
ing to the silverite doctrine Of repudia-
ton and dishonest dollars when 1t de-
clared in its platform: 1--WE favor the
soundest and safest money known to
man We demand the repeal
OF that republican and plutocratic leg
1slatton which demonetized silver and
reduced it to the level Of token money,
destroying by one-half the stock Of real
money. We demand the i'm
mediate restoration of the free and un-
limited coinage of both gold and silver
as a standard money at the rate of l6
ounces Of silver to of gold Of equal
hneness. with full legal tender power
to each metal" This declaration for
nee silver was termed "the bimetallism
which was made the basis Of our mon.
etary system by Hamilton and Jeffer-
son."
OF all kinds Of frauds the cantine
humbug is the worst. The sincere but
mistaken silverites. who admit that
free coinage at 16 to would put this
country on the silver basis, are desery-
ing OF far more respect than the men
VINO have the impudence to talk of
sound and safe money" in connection
with their 50-cent dollar scheme.
Every man who is old enough to vote
knows that free silver, with the bullion
value OF the two metals at a ratio Of
30 to l. means silver monometallism
pure and simple. This is the standard
OF Mexico, China and India, where its
frequent and violent fluctuations and
decreasing purchasing power testify to
its soundness and safety" Is that
the Kind of money the American peopls
want? M tsepA'
It Will be somewhat difficult to secure
the repeal Of .'the legislation which de-
monetized silver and reduced It ia thu
oasis OF token money" since there is
no such legislation on the statute
DOCKS. What the Sucker State finan-
ciers referred to was probably the leg
isiation which since 1873 has given
US $oSo,00O.0o0 Of full legal tender sill
yer money, not one dollar of which ia
token money. and $75,000,0 Of suh-
sidiary coinage. AS there was not s80
O0O,O00 of silver money of all kinds IN
the country in 1873 and less than ss
100000 full legal tender silver coins i
Is hard to see how "the stock Of real
money has been destroyed one-half"
since an increase Of $40. 000, 900 is con-
sldered contraction of the currency
1T Is easy to understand how the cross
eyed silverites can believe that forcing
$6z5,OOO,0OO In gold out of circulation
would give us more money.
THE bimetallism of Hamilton md
Jenerson" was the coinage of gold and
silver at "a ratio which was "a nearly
as possible the commercial ratio hs.
tween the values of the two metals In
experience 1t was found that whenever
one OF the metals was oyervaluad :.
disappeared from circulation. tho
cheaper money only being used 20 fiat
the country was always on either tho
gold or the silver standard. Under
present conditions with the bnllion
value Of silver 30 times that ~ cola
1t would be impossible to keen cola IN
circulation, and the country Womb %
at once to silver basis. Americane
VINO favor real bimetallism. under which
an almost equal value Of gold and sil-
yer money is now kept in circulation
must work and vote against FREQ ..;Iva,.
monometallism, 'eA