Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1896-08-19


ter there was wrSngling from morn
ing to night. The workman and
his employer bad quarrel as regu-
larry as the Saturday came round.
Again, ''The laborsr found that
the bit of metal, which, when he
received it, was called a shilling,
would hardly when he wanted to
purchase a pot of beer, or loaf of
rye bread, 60 as far az six-pence.
The ignorant and helpless peasant
was cruelty ground between one
class which would give money only
by tale (or county, and another who
would take it only by weight"
As the record of this state of af-
fairs is so long we cannot quote the
whole of it, but earnestly solicit
our readers to look it up for them
selves and read the whole OF it
carefully, and we invite them to do
so with this challenge, to find any
thing in the whole of it which
would tend to dispute the sense and
meaning of the above. This is more
than our would-be teacher did. Never
once did he either read any more of
the speeches or records, than those
which seemed TO prove his side of
the question in favor of free silver,
and we say that he did not read
single speech or record, that, had he
read even little more of it, but
what would have shown the utter
fallacy of the evidence he introduc-
ed.
Now let Us come to the history of
our own country. In 1899 by act of
Congress our mint law was establish
ed. a year before this Alex Hamil-
ton wrote in his mint report, speak
ing of the various ratios as proposed
between gold and silver; "The
mean of these would give the pro-
portion of 10 to l, very nearly, less
than the legal ratio of Great
Britain, which is az 1910 to l,
but somewhat more than the actual
or market ratio, which is not quite
10 TO l." Thomas Jefferson wrote
in reply: Il concur with you in
thinking that the unit must stand on
both metals, also in the proportion
you establish between the two
metals"
As consequence the mint law
was drawn up and passed, section g
providing Is follows; THAT there
shall be from time TO time coined
at said mint coins of gold, silver and
copper (notice the order of naming
the metals) of the following demon
nations, values and descriptions,
viz: Eagles each to I've of the
valuc OF ten dollars or units and TO
contain 247 ] grains of pure or $40
grains of standard gold, (half eagles
and quarter eagles with correspond
ing number of pure grains). Dol
lars or units each to be of the value
Of Spanish milled dollar as the
same is now current, and to con-
tain 37l4 grains Of pure silver or
4lG grains Of standard silver"
Now this shows clearly that our
Congress intended that the two
metals should circulate as stan
dard in spite of the fact that they
based the number of grains of sill
yer in the dollar on the market
value Of silver to gold. Let US
see what the result was:
Our dollar was received in the
West Indies and other Spanish
colonies as legal tender, and IA il
contained very small percentage
less of silver than the new Span.
ism dollar these latter were
brought to this country and re-
coined and our silver was sent
abroad. This continued until
1905 when President Jefferson OF.
dered that TO moro dollars should
be coined, but continued the coin.
age of half dollars thinking they
would stay but they also rapidly
disappeared, and as our gold was
also worth more than silver it dis
appeared also, and our circulation
up to 1884 consisted almost entire.
ly of under weight, worn Spanish
silver and our own worn coins anC
bank paper.
In 1894 in order TO remedy thii
defect, by recognizing Gresham
! tavv our cold coiua were raducof