The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-03-27
In A NUTsHELL.

The case OF free coinage is sconcisely
and Interestingly stated In the follow
ing extract from the remarks Of Senator
Cookrell, Of Missouri:
"The Law for the free and unlimited
coinage Of gold and silver at . fixed
ratio created an unlimited demand fol
the metal 1T . fixed prise. Now, de-
stroy shat law and you destroy that un'
limited demand for the metal, and that
metal falls in its commercial value be-
cause that is the only demand left for
its use. and the other metal that still
has free and unlimited coinage has
still sn increased and unlimited de-
mand and it rises in Its purchasing
power. Without law there is no money,
no legal tender, no fixed value, no ratio,
end Of the law. Without law gold and
silver are mora metals. have no fixed
value, no fixed price, no fxed ratio;
they are only accepted as s1y other
commodity, at whatever price may be
agreed upon. Now, by law they are
created into monsy. Money does not
exist by nature; money is the creature
of law and of law slono.
'Mr. President. haze numerous quo.
tstions here to sustain the theory that
money is the creature of law; that the
commercial value OF silver was de-
pressed and lowered by it's demonetiz,-
tion and the discriminating legislation
against 1t; that with the lowering Of the
price OF silver followed the lowering OF
the prices of all the products Of the
world-real, personsl and mixed-and
also the increasing purchasing power of
gold. Gold has doubled in it's increased
purchasing power, while silver has still
the purchasing power It always had
relatively measured by commodities.
II quote from the speech of Hon.
John e. Carlisle in the House in 1878,
who said:
"'1 know that tho worlds stock of
the precious metals is none too large,
and see no reason to apprehend that
II will ever become SO. Mankind will
be fortunate indeed if the annual pro-
duction OF gold and silver shall keep
pace with the annual increase of popu.
lation, commerce and industry. Ac-
cording to my view OF the subject. the
conspiracy which seems to have been
formed here and in Europe to destroy by
legislation from three-seve nth to one
half the metallic money of the world ia
the most gigantic crime Of this or any
other age. The contamination of such
scheme would ultimately entail more
misery upon the human race than all
the wars, pestilence and famine that
ever occurred in the history of the
world
1.-THE absolute and instantaneous de-
Struct ton of half the entire movable
property OF the world, including houses,
ships, railroads and all other appli-
ances for carrying on commerce, while
1t would be felt sensibly st the moment,
would not produce anything like the
prolonged distress and INSTRUMENTATION
of society that must inevitably result
from the permanent humiliation of one.
half the metallic money in the world )"
ut is the truest prophecy that ne
ever uttered. II has been exemplified
ever since 1873, anu to- day we are ex :
periencing the disasters which he pre-
dicted would be the result of that
policy"
HON. CHAUNCEY M. DEPEw has again
unbossomed himself to the public. This
time no says Mckinley will fail to get
enough delegates at the national Re-
publican convention to nominate him on