The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-05-22
!. .,,,a,s N which il has gone wrong.

Imerican says lnoe '- Ray
\ Al in order to enhance the vaiue Oh It
,rod,ct II Is only necessary 10 noou 'ne all
market with that product its
whether the North American non
.stlv and ignorantly believes tnat mi III
a.r,ine entertains such an opinion OF III
he editor Of that paper was simply sN co
Ing his Imagination a free rem IN. %
Bimetallist does not pre'eno st
70 know. :. ~
mt one thing Is quite certain; ~ "
-.ula have been impossible Tor any ~ q
~ or any person 10 state pfcpos"
more Numerically opposed TO wnS. c,
Mr.. Bartine thinks than the one '"S' Y
coolly ascribed to him. Il
7, ia not quite clear what particular v
.product" the North American nAo - l,
view. hut assuming II to be silver inc +.
National Bimetallist begs 10 say e
nac,ailv for the benefit Of Its Pniiaoer :
mia contemporary that II has simply
made the mistake of reversing nj
tines position
The silver market" has already been
~nooded" by closing the mints ana oe-
.,roving the demand which came Hom
,,s use as money The same act vnNn
s,ruek down silver increased tns oe
mand for gold. and Of course enn. eco
|, ,,s xa,ue So when silver went to the
Z market as a mere COMMODITY its pI
"a such was measured In eoio' .ne
> va,ue Of which had greatly risen Inc
: tendency of decentralization Wa 70 ue
9 press silver and elevate gold. :,
q To reopen the mints to silver wou'o'
q in Mr.. Bartine's opinion. raise the va.ue
: =, silver BY increasing the demand ior
r IL and relieving the market AZ 1ne
same time the reconciliation OF s'.s.I
a would lessen the demand for so'u
money and lower the value OF tns'
At metal So the North American vii oo'
"a .erve that its statement o. Mr- bAr'
M tines position can only be correct upol
n the assumption that relieving the "11
at ket- and flooding the ma1Ae'
be the same thing
Id Let us now glance at the meA' " :.
20 North Americans criticism-n II na
is any meat
,th II viii be seen that the head -
"a .-or, ~ Mr. Bartine's offending col
in sist, in his statement that silver
-iv- aemonettzed In 1873. when. as tnat
lcts per declares. it was acauaiis oeo'
tro- tized in 1853.
in His sincerity is conceded. but ne
"a impeached on the score OF isnoran'
,rd A paper which gatuitously eneAs
,,v ,r The work of pointing out the isn
nest r.nce Of others should move Win
ate treme care lest its Own foot SIP :
!, q ,hs charge of -ignor ance" act IKE
tion boomerang. % =,
IL. II isa well-known fact that OF y
ana wears. and until quite recently tne 3
naonle have persistently claimed q
rned silver was not demonetized In ie's'
by a in 1884. when the ratio was cnAn'
,wer. from Is to 1885. or. as II = tef"eu.
This II ia clearly within bounds TO say
Ee OF the argument % has been mace : -
In sand times by apostles Oh -
rtins money" that the act OF l1sz sireu'
mage aemonetized gold by undervaiuins
. all .na that ve were upon the silver st.
!. a. 80 mill 1894. Thu: then the ratio
lea, .h.n,ed from IS to l6. Which prs
ment cally demonetized sii'e' ~
s53- ing that metal
etized Mr.. Preston. oirec.ol y.
,ruck ,a,alv discovered that silver vas
,e,gh, aamonetixed in 1884 or 1873. but In
that !, q 70 be devoutly hoped tna1
mont .n.mn;ons Of sound finance may
Mated located after awhile. and at least
the mon 50 simple a point a. the a.
AT the silver decentralization.
r was The North American Is eviaen,
yment. the primer class. 1t seems 70
- de- ro,hins Of the general course o.
.,.,ea a,.crssion. and has blindly acc
, nr,or NJ preston's statement without
,or ALI ,rv that II IL directly In the tee
,he on the oft-repeated claim that siise'
,al sill actually demonetized IN 1881.
en- out The fact is that the act OF 1893 r
ns pot, "a fractional coin only Up 70
,s ban tine the half dollars, quarters
. act OF a,mes were Of full weight ana =
q free 81 ,epaer. But as France coined
because =, ,sn 10 1, while our mint raj
was no ,s these coins were worth pc
N from 800 for EXPORT than for circula'
years. this country. ne concSN"
,e facts these small coins became scar
OF 1873 sn,tins in some inconvenience
e silver reop,e. So their weight was
- teep them from being export
procur- The coinage vas executed on
yable in ment account in order that the
,ngeable ~ the coinage Of these light
uultiples m,eht inure to the benefit OF Il
.wo mis- lie. :,
re found What sort OF . confused ic
nm in the editor OF the North American
his head when he wrote tne
corrected relating to the exchange OF sma
coins for gold at the mint y
his eyes cult to see. Mr.. Bartine's al
n the in vas simply this: The act
,ove. may made the gold dollar the unit
the COM and the silver dollar. which
only full legal tender silver 9
or. aropped out Of the coinage and
,h,nss in sender was reduced TO -.
man has came the standard. The act
ever tire ,he bland Allison act--provide
sr We feel coinage Of the standard si'v
critic viii and to restore its iesa' 'en's'