Connecticut western news., 1896-08-27
THE AWFUL CRIME OF ,7a.
Calls For the Free and Unlimited Coin-
 age of Pig Iron.

Is willing to see the silverites and to go them 100 points better. Here are his declaration, proposition and argument: "Having been deeply impressed by the arguments of Judge Crisp, Bryan, Stew art. Jones and other silver leaders and especially grieved, shocked and mortified by the awful crime of 1873, as so lurid ly depicted daily in the columns of the Atlanta Constitution and other silver or gans. I have changed my views on the tain the proposition following in joint debate or newspaper controversy:
 I Iaccepted the arguments of the advo- cates of silver and agree with their rem- edy as far as it goes. However, it 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. I am in favor of the free and unlimited coinage of pig iron at the ratio of Is to 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 the 'honest debtor chance to pay his debts, thereby mak- ing the whole country prosperous.
 "Now, in the first place, it may be urged by some 'who do not understand the subject of standard of value that a free coinage act for iron would not raise its price to ratio of 16 to l with gold. To them reply that the stamp of this government and the legal tender quail ities' 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 Bryap).
 "Again, it may be urged that our mint would be overcrowded with pig iron. I reply that the price of pig iron having been raised from ST 50 ton to ratio of Is to l with gold the world over no one would especially care to carry it to the hints. since the mint price could be ob- tained anywhere in the open market. | (Atlsnta Constitution. Next it may be urged that gold and silver would go out of circulation. reply, first, This is a mere assumption of the tools of the money power which they cannot verify iAtlanta Constitutiop); second, Sup pose gold and silver do go out of circu- lation, is there not plenty of pig iron to take their place and give the people plenty of money?' (Bryan); and, third, such an assumption mixes the ideas of circulating medium and standard of val ues; gold and silver would still be po- tential money metals, though not in cir culation, and would lend their help tow ard raising prices and causing general prosperity (Crisp).
 "Then, again, it may be urged against the pig iron standard of value that wages would not rise in proportion to prices. The reply is, Wages would be compel. led to rise, since no man would be fool enough to work for S1 day who could make 5000 day picking up rusty nails and old horseshoes and carrying them to the mint fer coinage (HulD.
 "In addition. it may be urged by the money power, by the Wall street sharks and the Bond street ShYlocks that we could not alone go on pig iron basis without an international agreement. 'Tc such dastards as dare to lay limit to the power of the American people to dc what they please, independently of all nations, hurl their cowsrdice and lack of patriotism back in their faces. (Bryan).
 "The crime of demonetizing pig iror took place about 2200 years ago, wher certain 'goldolators and 'silverites, ir order to increase the purchasing power of their ill-gotten wealth, secretly and like thieves in the night got the de monetizing act passed repeating the good, old free coinage act of Lycurgus the friend of our ancestors daddies. 'Today China is the only country or earth honest enough to coin iron, ant there the happy laborer can carry hom, the wages of his honest toll in a wheel barrow (Atlanta Constitution)
 "A ruinous fall in prices followed th, demonetization of iron and has contin ued for upward of 2000 years. I hay, calculated the losses entsiled upon tn, honest people of this world by that ruth less act, but the figures are so enormoui fear a revolution will ensue if tn, people learn how greatly they have beer robbed. But facts are facts, and th, best way to right wrong is to meet i squarely. That loss is S2l, ,000. GOO, 900, COG. .OOO, GOO, 900, GOO, 900, 900, 900. (Coin' Financial School
 "In conclusion, I insist that the ire, coinage of pig iron will do everything that is claimed for silver and infinitel, more. The people will be rich and pros porous. The once poor man can pay hi debts with his old stove. Railroads car declare dividends on old rails and worl out rolling stock. The small boy cal pick up old nails and horseshoes enougl to support his family. In fine, povert, and debt can no longer exist! "-Atlant Journal.
 A Study in Anatomy.
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