The morning times., 1896-06-27
The Leadership of Misguided Men.

The Leadership of Misguided Men.
For childke politics, unreasoning argument and
aicted tongue SERVICE Horace Boies of Iowa away
leading exponent whte-metal wisdom His is the
that leads the great silver symphony since his
candidacy for the Chicago nomination other sage of the
siverte syndicate welds much influence looked
upon with much favor In recent interview Mr. Boes
that in the Of free silver coinage
penny Of foreign debt would be repudiated
ithsaning predictions of financial experts
rary. According to the best authority. thero
American securities in the form Of negotiable
paper 900 600 OOO nearly four times greater
entire monetary system Should free coinage pre-
vail it is generally that gold go to pre-
of at least 3 3 cent and the repre-
scned by these foreign holdings be abroad in
gold provided they withdrawn there doubt
investors would lose the exact of the gold pre-
mum whatever thai might be.
Mr. Boes also says that when silver is renonetzed it
will commercial value while gold will deprecate
both metals nearly quite at parity The only
for the appreciation of silver would be increase its
sumption make for the overproducton that brought
about depreciation There present about 60
of silver produced annually in the United States and
doubled should have free silver coinage Only about
5000 900 OF silver consumed each year
factures and sciences which would leave ILL., 900
be mned and exported there could great
increase in price At present. with all mins running at
full capacity could only mint about 40 OOO 900
silver and by three four of vigorous effort
might possibly increase capacity the entire sur
plus not exported consumed commercially. 1t will there
fore be that several eapse before there
demand Naturally there would be depreciation Of gold
Foreign countries employ it exclusively their monetary
standard would be displaced the prime basis of
all transactions abroad would there be anything
contract restrict its commercial Even should there
be imitation of prices through free silver coinage gold
would be accepted the real standard of values would
be indicated by the premium would bring and the svere
declaration of Is to also demonstrates concusvely that
the white metal advocates recognize that fact There
fore gold would epreciate and the assertion of Mr. Boes
that the two metals would to parity visionary
most of his other theories
AS has been stated before in The Times free silver
age would tremendous contraction of
culation through the withdrawal of gold and would
doubtedy much distress and suffering the
poorer would be benefited by such change
Of financial policy except the mine who would coin
SO cents worth Of silver and deposit in the banks to be
loaned dollar and there is human by which
of these dollars would reach the pockets Of the public
without first having exacted its blood money the shape of
interest In the of humanity is worth while to
silver producers at the of public dis
aster when else would be benefited after we
had endured financial panic? There would be more
money circulation would it be any easier to obtain
that would it be better strike at the
the evil that the present depression rather
time away following the leadership of such
misguided Horace Boes and his silverite confeer
ates?