Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1896-10-08


lutte necessity In the arts and cannot be
produced in sufficient quantities 10 destroy
its efficiency as Q metal With the limited
coinage of silver, the surplus bullion will
find its way into the commercial market
for what 1t viii fetch. Hence the dispari-
~ between coin, silver and bullion now.
With the free and unlimited coinage Of sill
yer, no one, having bullion. would part
with il for less than he could obtain at the
mint; therefore silver bullion would i'm.
mediately rise 10 its coin value. So with
gold. 50 with any ether metal, having the
fats of nations, that cannot be produced
in sufficient quantities or il not ofsuficient
intrinsic value to destroy its efficacy as
medium of exchange. While it 10 difficult
IN see how either metal under free and IN
limited coinage can fall below its money
value, yet it il easy 10 perceive how either
one may rise small per cent above; but
with the modern device of using gold and
silver certificates instead Of the coins, we
are unable 10 discern why they cannot be
kept at perfect parity, because in buying
or selling bullion, one can go to the mint
and obtain or part with il at It's money
value. Now, il I am correctly informed.
our exports largely exceed our imports,
what have We TO fear in attempting the
free coinage Of silver alone? The man
selling one cargo cares not what sort of
money he receives If he has two cargoes 10
buy and can pay back In the same money.
Therefore, 1t can make no difference to the
European what the color ofour money may
be.
Last fall the Baltimore Sun arraigned
the leader of our party, and Justly too, /
think, because any protective tariff demo
crat is a monstrosity at best, and protec.
tive tariff leader should never be tolerated
II rightly contended that the little coterie
OF six could not be the true representatives
of the party against the other opposing Sen
ator. But because ofthe free coinage of sill.
yer ergo presto, we have 60uIe Cersement of
the case; the little coterie at Indianapolis
is the exponent of the party and its princi-
pies against the overwhelming msjority at
Chicago. This sounds silly for the Sun.
paper. because II Is unquestionatly the
ablest paper in the State and the peer of
any in the United States. But, neverthe.
less, there is q defect some where. For
further proof. look at its So cent dollar.
We shauId like ~ caa - ,x,ar;nyIa,a . l.
gal-tender final redemption 53.cent dollar,
with the foreign trade in our favor, and
after it had completed its task to know
what he would take for it. Because the
party is going TO remonetize silver, for
sooth, we must return to McKinleyism. The
farmers of this country pretty generally
know that the markets for their surplus
products have been irretrievably destroyed
through the operation ofthe protective tariff
Europe in self defense has encouraged
and fostered the production of grain in
other countries, Now that those countries
are raising grain, they are not likely to
give it up, matter not what our tariff rates
may be, and Europe will never pay us
more for our surplus than she pays them
The position of the Sunpaper this time re-
minds me Of circumstance that occurred
within my experience few years sgo; !
was at o county fair They were five
horses entered for the race; the one betted
on came out hindmost I said to my
friend, who had staked on the winner,
what are the points about that horse that
induced you to bet on him?" "Well" he
said, ego to any race track. where there
are fine racers, trotters or PAGERS, and you
you will find some defect in each and eueyy
one Of them and running my eye over this
group saw this knot on this ones belly
ii was as big as my head-and it being a
damp day, knew they were all scrubs ;
putting my hand on this lump soon as.
certained that it did not interfere with his
running gear, so concluded it was blind
to hide his good qualities" The Sunpaper
last fall was the noble leader OF the i'm
mortal fifteen thousand and we should
have rejoiced TO sec il in the van this time {;
but ii must not take too much consolation
from the above anecdote.
The goldbugs tell US that gold money
is not merely a medium OF exchange, but
also an equivalent of value. Now what is
there in gold to give it value? Certain
ly there is very little inherent within itself
to make it of any value. True, it is used
in dentistry and In some form as drug,
but what does that amount 10 with nine.
tenths of the toilers who can i'll afford to
pay a dentist? Surely then we can be
very positive in asserting that its value lie
mainly derived from the flats of the nations.
AS fancy article or for any other pur-
pose, with its money qualities wanting, we
admit that its mercantile price would gen.
orally cover the cost Of production; but
that. that price would be invariable is alb
surd. If the gold in dollar is intrinsical-
ly worth dollar, what is the use of COIN
ing 1t at all, provided it is in slugs of the
right weight? We have a right to give
corn fol potatoes, why not Jumps of gold
for either? Let the gold bugs try the ex.
pertinent; also let them explain the intrin-
sic value OF gold, and when they have sue.
ceeded they will find that the gold in
dollar hasn't as much intrinsic value as
the copper in an old fashion cent. The
nations can take piece of gold not worth
cent and fashion it into coin worth
hundred cents; yet according to the gold
bug the United States can't make q dollar
out of fifty three cents worth of silver.