The times. [volume] (Richmond, Va.) 1890-1903, 1896-10-03
EVERYBODY WILL HAVE WAGON
LOADS OF MONEY.

LOADS or MONEY.
All free coiners say that with The gold
standard alone, money is too scarce for
the necessities of the people. They ad-
yocate free coinage in order to make
money more abundant. We run no risk
of making any mistake about this. There
IS 10 conscientious free coiners who
would care a rap for free coinage unless
he thought it would make money more
abundant. The expectations of the re-
suit is the whole foundation for the de
mand for free coinage. Let us advance
them one more step. No man who knows
anything at all expects the gold dollar
10 remain in circulation alongside Of
the silver dollar. after we have free coin
age, unless the silver dollar is as valuable
as the gold dollar. All human experience
teaches that two different dollars. both
full legal tender. will not circulate to-
gether, if one is more valuable than the
other. The dearer one will certainly
retire and leave the field entirely 10 the
cheaper one. Independent Of the fact
that all the past history Of the world
proves this 10 be 50. every mans own
common sense tells him il is so. If
there are two such dollars, no man VIII
pay out the dearer. lie Will sell the
dearer ana buy the cheaper to pay out.
If the free coinage OF silver makes money
more abundant than it is. It will be be-
cause free coinage win lift silver from 6
cents an ounce to $1.29 an ounce-or double
its value. We dom believe any man Of
common sense believes that free coinage
viii DO any such magical thing as this.
But. II it does not. all gold will retire
from circulation and we will rave no
money but silver money and it will take
a long time to coin enough Of that 10 make
up for the gold money that disappears.
Free coinage then will not make money
more abundant. It will make It for a
long time much scarcer and it will make
the metallic money silver only.
The Populists. who dominated the Chi
caeo Convention. understood this state Of
the case very clearly. and therefore it
Is that they refuse to stop at the free
coinage of silver. They add the demand
that the government shall also issue an in
definite amount Of its notes with no
coins Of any sort behind them. These.
the Populists say. are as good money as
any and they want them as well as free
silver. The free c%oiners. pure and sim
pie. therefore. have no project for max
ing money more abundant. But the Pop
uiists nave a definite and distinct prop
osition for making it just as abundant
as any one could ask 1t to be.
Now. the Populist element Of the Chi
cago Convention controlled it: It forced
one Of it's own members upon the conven-
ton as its candidate. and It forced into
the platform It's demand that all circu-
lating paper shall be issued by the gov
eminent itself. which leaves them free to
issue as much Of this paper as they may
see III 20 issue. The Populists. then. are in
control; they will be in control If Mr..
Bryan is elected: they say money is too
scarce and must be made more abundant.
they also say that the only way to make
It more abundant is to issue an indefinite
quantity OF the governments notes and
the Chicago Convention authorized them
90 issue as great a quantity as they might
see ft.
Tho last analysis Of Organism. then. is
that We are 10 have an era Of irredeem-
able paper money in whatever quantities
the Populsts may think wise. and PETER
has already declared that in his opinion.
II should be ninety-nve thousand millions
Of dollars. and his brother Popullsts In
Congress agree with him as 10 tho
amount.
what think you OF the prospect, people
Of Virginia? Confederate notes will be
valuable securities compared to the Bryan
paper money.