The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-08-09
Silver


These figures givs the production Of
gold and silver IN the world; IN the
United States the proportion OF increase
of silver to gold was much greater. This
Is why tn. price gradually fell and the
United States government was forced to
admit that the parity could not be main
tanned at the ratio OF ls to /.
The silver mono-rnetalIists. we repeat,
claim that the free coinage of silver will
increase the price OF silver so that a silver
dollar VIII continue TO be the equal of the
gold dollar as IL Is now In this country.
SO long as the proportion OF the cheaper
metal 20 the dearer metal Is such as 10
make II no more than a subsidiary coinage
the parity can be maintained but that
viii be impossible IL We are 10 be flooded
with II We have seen how this worked
with greenbacks. Every man old enough
70 remember the trouble with them should
have sense enough to oppose anything
calculated TO make our currency unstable
1t must be remembered that we have no
war now to create an artificial demand for
labor.
So long as the issue OF greeneacks was
limited they were kept at par with gold,
but as they increased In volume they be-
gan to shrink In value until It took two
dollars and a half in greenbacks TO equal
one dollar in gold. So serious did this be-
come that the whole nation pleaded with
congressto re-estabIgsh values by resump-
ton.
II the silver dollar Is to be legal tender
az its face value. whatever the commercial
price OF silver may be. wage-earners will
be compelled 20 accept them in payment.
but they VIII find mat when they go 20
market the commercial ratio viii prevail,
for all their provisions.
In a recent Interview with Chauncsy De-
pew, he pointed out to railway employees
why free coinage law must be 20 their
detrimeut Railroad bonds are nearly all
gold bonds-that IS. the interest must be
paid IN gold or SIS equivalent. II the ell
yer mono-metslile standard displaced the
present system. the revenue OF the rail-
road. derived from the transportation OF
freight and me carrying OF passengers.
would be collected in dollars worth only
hair those Il now receives. Twice as many
dollars viii be needed 10 pay the interest.
Since the road viii take IN no more COL
lars. bat will have 70 pay out more. II
could not increase the wages OF its en-
pIoyes. although Il Il admitted thas their
wares would be worth less 10 them by g
70 - per cent than they are ncw
werkingmen are asked 10 believe that
silver dollar would be worth a hundred
cents because the government fat would
make 81 So A. the same time The silver
mona-u,etalllsts claim that by the de-
mouetfzatlon OF silver the dollar O. today
il doubled n value since 1878, and that
With reconciliation the dollar VIII go
back 70 It's original value. which means
that II VIII be able 70 buy Just hale of
what a dollar viii buy today. That -
What Is meant BY saying that II win be
a s-csnt dollar.
Perhaps a vorktngmsu will say that II
that should be the case they win all go
on a strike. even Il Il costs them several
ask II the only ostec, is TO aoahle wages
| IN order 20 be able - pay eouble prices
tor everything. how much better or viii
! ths workingn,sn be- Ara Why 20 20 all
;sss trouble 70 be placed back again tust
where be IA tossye
We know some people who can tel him
/ why this should s3 aone-khs silver mine
| owners. Tasy claim that they eanHo;
/ make money while silver Is Gsuonetize6.
1 yes n 1884 TIE worlds product was ls7,-Ss =
| ~ fire ounces. A. = cents az ounce, The
| price az ,Ae beginning % Issi this yielded
/ % ~ silver nire owners silT.Fss.791 Is
/ ere tree coinage bill had been IN opera
| tian that year the owasrs woui3 have rs-
| ce.ved through generous Uncle sam s. -
| PEP aance. Or a. additional prcat 81 siao.-
81 ~ Tsis IS a ma xnliesns stake re
silver mine owners Are pia.,ns FOR.
| whlls these silver usIns owners. who are
sa1s 20 have Aaa Bryan n thsir paw foF
| years. are r-apsnx such splendid results.
''tss purchasing power % tie doy&r WI
be reduced" ire prices % everything ell
| 80 up. 1ahor viii - rssa Il fae Deprecated
| Gotta. ans ne inseahalsv q our currency
/ M