The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1896-08-08

By an old-time Republican.
What Ia h;pafall;s,,,s

lhdt III toiHlng Tue TWO metals In
to money l6 OF. of silver are to be
deemed equal to one OF. of gold.
3. What is the present CONNER
cial ratio of silver and gold bullion
1t is about 30 to l.
4. What has caused the diver
gence between the coin and bullion
value of silver?
The decentralization of silver in
1878 by the country and some of the
nations of Europe.
3. Why was silver demonetized:
1t was demonetized because of the
desire to limit the supply of money
make money dearer, thus increasing
its purchasing power, and therefore to
the advantage of money dealers
bond holders, creditor classes and
those having fixed incomes.
6. Was not the decentralization OF
silver in 1873 due to its over-produc-
ton as compared with gold?
1t was not due to the over produc.
tion of silver, because (a) for many
years prior to 1878 the worlds pro
duction of gold had been about three
times as great as that of silver, and
OBJ in 1873 silver bullion was at a
premium Of 3 per cent over gold.
Z. How does the worlds produc-
ton of gold and silver for the last
100 years compare with each other:
Between the years 1892 and 1892
the worlds production of gold ex-
ceeded that of silver about 600 mil.
lion dollars.
3. What is the ratio of the two
metals as they exist by weight in the
world to-day, available for money 4:
1t is about l5s to |, which means
that there are only about sixteen
times as many tons of silver in the
world available for money as there
are tons of gold.
8. What, therefore, is the natural
ratio between silver and gold?
Sixteen to one is the natural ratio
between silver and gold bullion. and
would manifestly be the present
commercial ratio had not there been
legal interference.
10. To whose advantage is it that
nations have been induced to adopt
the gold standard?
To the advantage of all creditor
nations, especially England. Two
hundred millions of people now use
gold alone as redemptive money who
in 1878 used both gold and silver;
hence the constant rise in the power
OF gold (and money based on gold, J
which rise shows itself in the fall OF
prices of commodities.
IL. If we had free coinage of sill
yer would not this country become
the dumping ground" for silver
from all nations?
There are, it is supposed, about
four billion dollars of silver coin and
bullion in the world, and if all of
this should come here it would only
give the United States a per capita
of about $5S, which is only little
more than we had of all kinds of
money in the north at the close of
the war when times were exceedingly
France to-day has near
ly this amount of money per capita,
and is one of the most prosperous
countries in the world.
II. What is there to prevent this
silver from coming to our minis for
coinage?
There are three conclusive reasons.
(a) Other nations have no more sill
yer than they need; (b) Europe an
nually uses about twice as much sill
yer as she produces, and (c) the
great bulk of the silver now in exist
ence is already coined at ratios more
favorable to silver than is to / some
being l5 to | and some l54 to l.
IL. If silver coin should not come
to our mints for recoinage would not
Europe continue as at present to de-
press the price of silver bullion?
North and South America produce
70 per cent of all the silver now be-
ing produced in the world and ten
times as much as Europe does, so
that the United States and the other
of the western continents
could easily control the price of sill
yer bullion regardless of other ma
lions.
IA. Why not put more silver in
our silver dollar so as to make the
bullion and face value equal?
Because this disagreement is due
to adverse legislation, which. when
will restore the parity by
reducing the demand for silver. Be
sides we would be foolish to under
7alue our own products. BY rights
We would demand l54 instead of l61
20 L.
Is. If silver should come to our
hints for coinage faster than their
present capacity. would not that pre-
tent the full rise in the price of sill
Ter bullion?
The capacity of our minis could
'asily be enlarged to meet all de-
hands.
Is. Will not the people object to
lsing so much silver on account of
is bulk?
Silver certificates as now used, |
will easily float all the silver that
nay be presented.
Ii. Would there be vault room
or the storage of so much silver.
All the silver coin and bullion in |
he world could be put in room
ixty-six feet square and sixty
tx feet high, silver being, like
old, pr ecious metal, all the gold |
DIN and. bullion in the world can be
ut in a. room twenty-five feet square
nd twenty-five feet high, which
hows how easily it may be cor
cred"
1S. Would not the free coinage of
liver SO stimulate the production at
he mines as to create food of the
'hite metal?
The annual output of gold and
liver is small and is hardly per
emit. of the present supply, SO that
would take twenty years before
ne present amount of the metal is
Dubbed, and that would not more
IAN keep pace with the increase of