Peninsula enterprise. [volume] (Accomac, Va.) 1881-1965, 1896-10-17
FIFTY GOOD REASONS
WHY THE AMERICAN PEOPLE
SHOULD FAVOR FREE COINAGE.

SHOULD FAVOR FREE COINAGE.
The uusy MAN Can, by Reading This.
I'm Ton Minutes SEQ why IL WOuId
Bemefit ssim and tho Whole Country
so Return 10 the Money or the C0n.
! stiturton.
MIR. Eugene V. Brewster, in re
cent communication addressed TO the
Brooklyn Citizen, cites the following
reasons in favor of free coinage:
l. Because all of the national par
ties have declared in favor of bimetal
lism, and not one favors the gold
standard, which we have to day.
2. Because no voters ever yet voted
for the gold standard, and only those
who benefit by the appreciation OF
the gold dollar favor it.
3. Because gold standard money is
dishonest and makes the debtor pay
back dollar larger than the one he
borrowed.
4. Because the gold dollar is APP
preciating in value more, making
debts harder and harder to pay.
s. Because the only objection yet
heard against bimetallism is, we are
not big and strong enough to have it
without foreign aid. Can we not
legislate for ourselves
s. Because we can introduce BIZ
metallism without foreign help, for
we would have with us 81 silver and
bimetallic countries, with a popula-
ton OF 995, 100000.
7. Because we would have against
us only II gold countries, population
1876, 900, 900, and about all of these ex-
cept England would be glad to follow
our example.
S. Because the average ratio in the
silver and bimetallic countries-vlz:
Bolivia, Costa RIGA, Guatemala, Hon
duras, Nicaragua, Salvador, Colon
bia, China, Ecuador, India, Mexico,
Peru, Russia, Tripoli, Argentine Re
public, Belgium, Chilli, Cuba, France,
Greece, Haiti, Italy, Japan, Neither
lands, Spain, Switzerland and Vene-
zuela-is Isl to /.
8. Because the very highest ratio
of any country in the world is Mexico,
165 to 1.
10. Because if Mexico is fair sam
pie OF a silver country, Turkey is a
fair sample of gold country.
II. Because. if everybody admits
that bimetallism is right, and the
only objection is that we cannot go
it alone, that objection is overruled
by the figures given above.
10. Because there is no accumula
tion of silver anywhere in the world
that could flood us. And even if
there were, it would only give a
greater impetus to our commerce,
for every dollars worth of silver
brought here would represent dol
lar spent here among us. Our silver
dollars would not be taken abroad
again, but left here among US, thus
giving us more money and greater
business.
10. Because even if there were a
flood of silver in Germany, Japan or
anywhere little diplomacy would
prevent it's coming here. In the IN
ternational conference at Brussels
all the great nations except England
were so anxious to have bimetallism
that they offered not to unload their
silver on any nation that introduced
it.
ii. Because free coinage at 16 to l
would create an unlimited demand
for silver and Tx that price all over
the world.
Is. Because, if we said we would
take all the silver that comes at 10 to
/, nobody would sell their silver for
less than that price, and then 1G
ounces of silver would be worth l
ounce OF gold the world over.
IL. Because the silver dollar would
then necessarily contain 100 cents
worth OF silver and be worth dollar
everywhere.
II. Because that silver dollar would
be a better dollar than the present
silver dollar, for this contains only
SO cents worth of silver.
IS. Because, if the present silver
dollar is dishonest, it was the gold
people who made it so by demone-
thing silver by the "criIne Of 1878:
10. Because the dollar under free
coinage would contain just so much
silver as the silver dollar to-day, and
this dollar buys 100 cents worth
every day.
20. Because if the mine owner may
take SO cents worth of silver to the
minis and get a 100 cent dollar for it,
the laborer may do the same thing.
81. Because if the miner gets a 100
cent dollar, then there is no such
thing as 90 cent dollars in circulation.
%. Because it is funny if the dollar
can be q 100 cent dollar to the mine
owner and only So cent dollar to
the laborer.
20. Because every dollar that gets
in circulation means the sale of some
commodity or the installation of
capital in business.
"a. Because free coinage means
rising prices.
25. Because rising prices means
more profit in business and more new
industries and enterprises.
26. Because more industries mean
more employment.
81. Because more employment
means a lessening of the supply of
labor
2S. Because more employment
means greater demand for labor:
Thus by increasing the demand and
lessening the supply you raise wages.
20. Because free coinage means
nearly twice as much money in cir
culation, and with an abundance of
money there will be an abundance
of industries, factories, mills and en-
terprises of all kinds in operation.
so. Because the employers, making
more sales and more profit, will pay
higher wages.
81. Because free coinage will make
the dollar nearly twice as easy to get,
thus making debts nearly twice as
easy to pay.
SO. Because the gold people are dis
honest and refuse to print in their
newspapers the silver side of the
question, while the silver people cir
culate the New York Journal as a
campaign document, and that paper
prints the best arguments from the
very best gold advocates, which