New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-21
WHAT 16 TO / MEANS.

A LETTER WHICH THE NATIONAL UNION BANB
Is SENDING OUT TO ITS CORRESPONDENTS.
The National Union Bank is sending to its CORE
spondents as a general answer to many inquiries
the following brief statement as to the meaning OK
l6 to 4:
The Chicago platform demands the free and UNI
limited coinage q both gold and silver at the pres:
dollar shall be full legal tender equally with gold
for all debts public and private clearly what IN.
Under existing b Law the gold aS Sofs
equally &c legal tender for all debts The gold unit
q grains sr % % s s9 o u st The
same before made into coin as afterward. and II Il
should fall into the Te worth exactly ,ne same nrsrn
money. say in the payment Of debt in London.
the % grains Of pure gold are compared with
IS re aS means at Sc Of our money So win
hs gold sd s0 IN OF All ar IS
amount of pure gold in their STANDARD coin and the
x sSHs nSns tn its gold
The Secretary Of the Treasury Is required BY exist,
metals" and ample means arc placed at his dis
m 10 ss 'ss
a Government paper dollar or a Natloral bank not@
the US sss xs o. would sS appn the for
free silver coinage should prevail The SILVER DOL
s sSVtins hs Of q o do %
hence by rs to r. Is meant hat sixteen o,n .S ounce
market price Of silver is 50 cents an ounce sa
Of silver in our dollar IS 50 cents; in other words,
one ounce OF gold will buy thirty-two ounces OF
The demand of the Chicago platform msy
be svsr az an ns ss' at s @n d 51
United states ana have every sn% s rsinss
s Ct eu about sEsr made Of
coin OF the United States and stamped one dollar
w value IN he Of
ali kinds, pubic and private, IN the United States"
s. s. pn1 %sn Cow With nam s
the destruction Of The party The SEPARATION q our
currency between god and silver and the Withdraw:
morey producing an enormous contraction Of tfSs
After the frs. shock. the effects Of which no
can fully foresee and after values had "a.
us;ed wo b 10 exS r the ro u
par with gold would bA deprecated to the bullioo
value Of the silver dollar.
The president Of the bank IL ex-Congressman 10.
seph c. Hendrix and the cashier is Edward q.
Leech. formerly director OF Inc mint. and ovsP
twenty years In the mint service
THE BIG sOr-ND-MONEY slAss-MEETINo.
President Lauterbach. Of the Republican County
Committee. said yesterday that the arrangements
for the great sound money mass-meeting to be ad.
dressed by Speaker Reed Senator-e.ect J. B. Fora.
ker William r. Grace. William Steinway and other
prominent citizens OF this and other States, HAD
not been definitely settled. This owing to the
uncertainty az to the tine when Speaker Reed ana
Ex-Governor Foraker could be present The County
Committee Mr. Lauterbach said. did not propose
to announce these we-known orators whom 50
many voters In New-York wanted to see and hear,
until Il practically certain that they would be
present Mr.. Foraker had written that he could
not be In New-York until early In August No
positive word from Mr.. Reed had been received.
though Mr.. Lauterbach had hoen assured that the
Speaker intended 10 come He hoped TO be able
10 make more definite announcement; in q day or
two.
It is probable thu, the great meeting VII be hela
In Carnegie Music Hall instead Of In Cooper Union,