The evening times., 1896-07-31
QUESTION OF THE HOUR
The Eyeping Times Opens It's Columns for Short
ARTICLES on the Money Problem.

OF commodities and land, aud after u while
the result would be the condition OF wage
searners in general would become worse
than at present.
The presentation to silver producers OF the
difference between the market value aud
the money value Of silver constitutes q
senselegs robbery OF laborers. as they
will be compelled to pay in taxes TO the
government every dollar OF such value. In
other words, IL the government got the
benefit OF the seigniorage tas under the
Sherman law) and utilized 1t, 1t would
not be necessary to collect In taxes the
amount thus gained, which. under the cx-
isting Indirect tax system, is now almost
wholly paid by laborers. The foregoing
also applies 10 the free coinage OF gold.
Free coinage will not result in debased
money II such money has full legal tender
quality and is receivable In payment OF all
dues. Our money is not legal tender in
foreign countries, and 1t Will continue to
have the same value In foreign countries
IT now has Balances of trade are settled
In gold on the basis OF its commodity
value, not in gold as money.
We have seen hard lines developed and
maintained under the present monetary
system. The argument from this Ii that
It Is a had system. Let US try the effect
OF free silver. The result could hardly be
worse than that now existing II We
find 1t to he bad We may then have sense
enough 70 look elsewhere for the cause
OF hard times, and perhaps We will then
find the real cause of the tfoubie and the
remedy. q. u. HEMINGWAY.
Editor Times Sir: The stock OF silver
coin md bullion in the hands OF mankind is
about 81 900 900 900, or about So per
capita for the earth's present population.
and yet il that stock OF silver coin and
bullion could and sbonid ever be concen-
trated within the limits OF the United
States OF America it would amount to
but sos per capita.
In my opinion, the so-cailed ''impend-
Ing flood OF silver is a fiction and not a
fact. The so-cailed ''criIne OF 1878" also,
Ia my opinion. was avenged on the 2sth
OF February, 1873. when ian act 10 au-
thorize the coinage OF the silver dollar, and
restore its legal tender character was
passed over the veto of President Hayes.
but / am unable TO impress my views upon
the silver luna tics, or hardly anyone else,
for that matter, and yet, notwithstanding
my powerlessness in that respect, that la W /,
even unto this very moment, has avenged
the so-cailed crime OF 1875" for its
first section contains a coinage clause and
a purchase clause, but the latter was re-
peaIed by the act OF July IA, 1890, and it
in turn was also repealed by tho act OF
November /, 1893; SO all Of the ''pur-
chase" clauses having been repealed, there
can now be NO question whatever but that
the free and unlimited coinage clause
is in full swing a nd yet 1t don't swing.
II il is the law, enforce it, and let the
people have more money and less mis-
ery;'' IL it is not the law, the courts a lone
have the power to odetermineit. II the birds
Of the air are free, why are not the people
who said: I'VE want freedom-to think, to
work. to know and to grow" was about
right, In my opinion.
JAMES SELDOM COwDoN.