Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1896-01-16
HISTORY OF COINAGE.
yx-Y-ElGnT YEtRS' UNLIMITED USE
OF SCT1 METALS.

Tree silver Has Not Been scecee.iol In
Raising the Price Of the White Metal
Fall In the Price Of silver Accounted
For-ForeIgn Money Laws.
The proposition il 10 take CT al lin
: a. 70 co:na-e; 70 withdraw the gov
rrnen- support e silver; to let an!
nan who has silver bullion worth 80
ants have il stamped 100 cents. With
~ government support +l2ia grains Of
diver and the new silver dollar would
y q the SANE e1changeable value. The
;uest:cn, therefore. is, What effect
vould free coinage have On silver bull
ion: Would 4l2t. grains Of silver be-
rme worth as much as ass grains Of
,o,d: Would free coinage give it an e1-
.hanseatla value equal TO our present
icl,a- in the markets q the world: II
lie value Of silver IS not doubled /! free
s,ira-e. then the e1changeable value Of
,ur new silver dollar must drop TO the
actual value Of the silver pu. into it.
We would no. have t.nletaliism, but
gu N-.--- hI-t-. :" I(- d. - 800 a.
he silver dollar, and the silver dollar
Tou.d tecone the standard measure Of
7a,ae, driving the gold dollar cut Of cir
.-.a-ior. We would reduce our stand.
AL rne-half.
When the act q 1922 was passed, JET.
,a-son and Hamilton both determined
% make the new gold and silver dolla-
.cual il value 70 the then standard Of
-leas--e,ren-, which was dollar equal
:o2+1 grains c: gold. They recognized
he tac- that TIE exchangeable value Of
! coined dollar must be controlled by
me commercial value CT the bullion put
1pon it. Therefore they undertook to
ind how many grains Of silver uncoined
we-e commercially equal in value TO
~. grains Of gold They decided that
is required Is times as many and null
.ip.ying 90; byl5 placed 37lis grains
4 s.lve- n dollar
This unde-va,ued gold For the first
.ew !4a-s, owing largely to the lack Of
1C:c. international Communication. it
,.-c- a-ed 70 limited extent, and then
Ing before 1894, went entirely out Of
c::-~1.a..on. and we were on the silver
standard II 1884 jackson sought to re-
:-o-e tineca.l;s-n, but he was unwilling
;ocha1ge tha standard upon which bust
80 pa a-,,-sr - ~, ,1a-cs - cbang.
s-on5t-i n ,t--1ec-o 80
- -. = - - w.. .La d1TIa-
- - - =. - -, ~.
- = -. ,--,,9-- - :, 80
-, -. -, .
- :~.---.. . -.-.-- - = - - "a.
- ! --[..--., 80 80 -. 49,
80 -,te---.---..5 - o,,a .bo-+I-
-. ~ - =. - - 80 r.(.I5
--.--ae~t-4 81 - 80 81
- - - -, = - -,
49,. - - 80 -.
~
T,d.x ,,,e.,,..r ~,-i- a4-.r,s9, o-.,
,-.c.:-,,,1 - - -
80, ,--s--.4 -, - r-;,,a,.. -
o,,d -,er,.-, !, - :. -. -
- =. - <.a.-:a, - a-
.~-,...-,;.,:, -ei-o<5 - -
- -. - ar5 - - .e-as-
I;-r;.s5 80 IT, S-on;Si, Iii, - -
Ia- 80 s,;,l =, c;-c-'1a.;.r - -,
t;-.l,.-- - :. -, -.
- - 80 - st-a. ~
80 100. -, 80 -
IN Iseo 49, oaId ~.
s9.l noo ma or5 s-t.:a;a-- go
s51 roo 900 VII go nnn Etc., oI
Ia-s had taan cci,,ad .b.v b.-a Ill ,on.
49, - circ-, 1o.io-, -, - go
When na1.sd a. bsr s;I7e- ,h.n 60.
@aca vaIra
Tie <ao.s ,roro ,ha. s .,;
;-ed c,;,ae,a - t-o.i ra.ais ~ 80 II 49, =
ea ST. "a W.. s-,h~.an,;.m. 80.
,ba lit, - =. - .ai. -.
.ba cLso-e- 800, ha,a,-a 49, 1900
cfvaIrs ond ,ha o.ta- 49, 49, go. - - - :.
c-,,,-;on ~ ' "'1' 00' - "a
u Gs raa,. ~ .rr,a-io,,a with 49,.
and -n1;,,,ired coina.a - ho.h -na..I.
sbC-.sd tI,- ~ +ro, or7d 1,,;,,,;.. =. -
ace We 20 Tnafla ~ 80, 49, -.
v91re - s;I,e- ~ ,,ol.o - eor.1 - -, -
a. the ratio.cf ~ toI ~ sacord ~.
-a1ra'c4 e..,d an,al-o :, 80 -. ~
a-1Gto ,vben -bs d;sa-anoa - 49,.
hnIIion ra-re ,vos crir -a- o.nt - =.
VIZ -~r,,os-a-o,s 70 oio;,,, -. e.. 80
rnI;,,,i-ad cc;,7o,.e, ,,o-r. Ill ~ :.-.
the vai,,o - - - u ~ d;so-naSs s.
i. IA rer con-. ~ >-'
l. corro+ ia o1o;,,ad .ha. .h ,,.,.
+;o,, ~ 49,, I-,;,oa c. =,
onsiv afracrad tho co,nrna-c;al -a,na -,
sir for sinca ,bo, go ~ 49, e. -
n;sbad a ,oo-t.a+ f0~ senn GOO COO -. -,
- - -,