The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1896-09-03

ment Is an rndorser Of the silver dollar,
put the silver met tell me 1t will be bet
ter if there he 20 indorser. | believe
that to The same extent that l believe
Sawyer's endorsement lessons the ex-
changeab.e value Of the Colorado mans
note.
II mUsl IT, satisfied that tie changes
made will benefit ne before l agree that
the silver clIne owners get the profit the
government nov does II coming silver, and
before l accept a silver dollar without the
endorsement of the United States.
Il amtold I viii get better prices. But
other things which purchase will also
advance in price. [ must take their word
for this ar assuming that l believe 1t l
shall figure out how / am to be benefited.
i now raise 1000 bushels Of wheat.
II takes 500 bushels to feed my family
and purchase necessaries. It Will take
I the same number of bushels to do this
! under free coinage, because If the price
OF wheat advances the price Of things |
must buy will likewise advance. / will
I have 200 bushels left the proceeds from
which I can lay up. For this surplus l
( now get 30 cents per bushel, or s100. If
prices double under free coinage | will
get 81 per bushel or $500, but this Will
be ID silver the purchasing price OF which
will be 500. So that granting every
thing which the silver men claim for free
coinage. accepting their views with out
question. Viewing II in the most favorable
light, | am no better off under free coin
age OF silver than under the present
basis except that | can pay a debt of 500
with 800 worth of silver, bnt my creditor
would be defrauded of SlG0.
Now if prices do not advance l am cold
[ can purchase silver bullion, have /.
cLined. get two dollars for one of bullion
and thus pay off my debts. 4 pretty dis
honest thing, but people will do some
things not right to get out Of debt But
the silver owners can do the same thing.
Is 1t likely that if / car make a profit Of
100 per cent in buying silver bullion and
having it cOlDed free, that the silver own
er will permit rne to make that profit IL a
deal with hIn when he can make that
profit for hlmsel'by not dealing with me:
My experience teaches me it Is not hu-
man nature to do so.
1T is only in paying debts as | under
stand the situation, that free coinage OF
silver Will be of any benefit to us farmers
and that only by defrauding those whom
we owe of one half their claim. Mine
. owners. like railroad companies and other
large corporations, owe large sums. They
will use their silver with which to pay
! their debts thus defrauding their credit
ors of one half their just dues, while |
who have caught the COW for them to
milk may share in the general prosperity
which a few mine owners have succeeded
in pretty effectually cornering.
lit isn't at all likely the silver owner
will take a silver dollar from me and give
me silver bullion from which [ can get
two dollars. He will demand two silver
/ dollars 10 coin for two dollars IN bullion
and TINS silver will be circulating at It's
commercial value. But l6U me see: lie
| will take gold. For s. gold piece | can
| buy - worth OF silver from which | can
! have coined 10 silver dollars. Eureka,
/ | thought there WAS some way ont OF il.
Bat, soft. How am | to get the gold. |
must purchase 1t at the rate Of , silver
dollars for one dollar in gold and my So
! ia gold with which ! was to have pur-
chased silver enough 20 make me 10 sill
yer dollars, will cost rec. to begin with,
the SO. Nc profit here for me that ] can
/ see.
Thus far, starting out with believing
what the sllvpritas tell me, and not giving
any attention to the disturbance | hear
would ensUe in case Of free coinage Of sill
yer, [ can see no good coming to me from
the change, though great benefit to the
silver owners.
But, I am told that free coinage will
| bring the two metals to equality of vaiue
on the ratio of Is to l. [ muat give this
matter some Thought later on | AIN also
told that hard times are due to a scarcity
Of money and that free coinage will make
money plenty and thus restore good
times. Seeing that | was deceived in the
other propositions | shall not accept
these without reflection and will tell you
later what ny conclusions are. | must
also think over what the other side says
Of the real cause of hard times and the
dangers to follow free coinage, Good-by.
until next week