The Republican. [volume] (Oakland, Md.) 1877-current, 1896-08-06

daily IN the columns of the Atlanta
Constitution and other silver organs,
l have changed my views on the
money question and am ready to
maintain the propositions following
in Joint debate or newspaper con-
troversy:
81 accept the arguments of the
advocates of silver and agree with
their remedy as far as it goes. How
ever, 1t does not go far enough. Let
us have plenty of remedy-in fact,
enough to make debt and poverty
things Of the past, relics of the dark
ages. | am in favor of the free and
unlimited coinage of pig iron at the
ratio Of 16 to l with gold by the
United States alone, independently
Of all nations, and can prove by the
best authority obtainable that such
policy on the part Of the United
States will'raise prices, put plenty
of money in circulation and give an
honest debtor a chance to pay his
debt, thereby making the whole
country prosperous.
CHOW, in the first place, it NAV
be uracd by some who do not un-
derstand the subject of standard of
value that free coinage act for iron
would not raise its price to q ratio
of 16 to l with gold. To them l
reply the stamp of this government
and the legal tender qualities of
the iron dollar would instantly
make the bullion value of pig iron
the same as the mint value. For
who would part with an ounce Of
this precious metal for anything
else than the mint value? (Stewart,
Jones and Bryan
"Again it may be urged that our
mint would be overcrowdcd with pig
iron. Ireply that the price of pig
iron having been raised from $3.50 d
ton to d ratio of 1G to 1 with gold
the world over no one would especial
lily care to carry it to the minis, since
the mint price could be obtained
anywhere in the omen Market at.
lanta CoaStHufi0H) Next it NAV be
urged that gold and silver would 90
out of circulation. | reply, first.
This is a mere assumntion of the
tools of the money mower which thew
cannot verify ATLANTA Cousiifn-
| H0n): second. Suppose cold and
silver do 90 out Of circulation, is
there not DIenty of pig iron to take
their places and rive the peonle
oIentv of monev?' (Bryanl; and
/ third, such an ASSUMPTION mikes
the ideas of circulating medium and
standard of values: cold and SILVER
would still be potential money
metals. though not in circulation
and would lend their HELM toward
raising prices and causing general
nrosncritv.' (Crisn.1
"Tben again it NAV be prged
/ against the piq iron standard of
yaIue that wages would not rise in
nroportion to prices. The reply is.
Wages would be compelled to rise,
since no man would be fool enough
to work for 81 a day who could make
81, 900 day picking up rusty nails
and old horseshoes aud carving
them to the mint for COINAGE
/ (HuIl.)
'In addition it may be urged by
the money power. oy the'Wall street
sharks and the Bond street Shy
locks that we could not 90 alone
on pig iron basis without an inter-
national agreement. TO such das-
tards as dare to Law limit to the
power OF the American people to do
what they please, independently of
other nations, | hurl their cowardice
and lack of patriotism back in their
faces (Brvan.)
1.-THE CRIME of demonetizino pig
iron took place about 1900 wears
ago, when certain 'goldolators' and
.silyerites' in order to increase the
purchasing power of their III gotten
wealth socrotIv and like thieves in