The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-10-10


cents per ounce, or S5.04oO0O 600. And
strange 10 say. the larger part OF this
added wealth would be outside Of our
own country. In gold standard coun-
tries the commercial value of
the silver coins In circulation would be
brought nearly 10 the gold standard.
This fiat OF ours would substantially
double the value Of $112. 00O. 900 in sill
yer coins In Great Britain; 5000, OOO, 900
In France; $2l5.O00.000 in Germany:
$54 100000 In Belgium; $4,000, 900 In
Italy: $4,000 600 I'm Switzerland; 3d.
100000 in Greece; $155,000, 900 In
Spain: $100O0.000 in Portugal; $S5, 00O.-
600 in Anstro-Hungary; $4,000, 900 in
the Netherlands: S4,9OO,0OO In Sweden:
$5.4O0.O00 in Denmark; $44,O00.000 in
Turkey: $T.O0O,0O0 In Australia S1o,-
100000 In Egypt and $4,000 600 in the
Straits, besides $625, 100000 In this
country, and raise all this money near
ly TO par with gold; and yet we are told
that all these countries not only refuse
TO join Mr.. Bryan and his supporters,
but even do not sympathixe with them
In this stupendous enterprise which would
add so much 20 their wealth, and in
a large degree relieve them from
the burden now resting upon them
Of keeping their gold and silver coins at
But how would II work in the silver
standard countries? This government
fiat of ours would at one fell swoop sub
stantially double the value of $41 600, 900
in silver coins In Russia: $50.00O,000 In
Mexico $S.000.000 in the Central Amerl-
can states: S30O00.000 In the South
American states: $3.50, 100000 in India,
and $T25. 100000 IN China. and would at
the same time double all the private and
public debts Of those countries. which
have been contracted on the silver basis.
But Mr. Bryan's proposition is more far
sana t1.f ner hoe IL - fhnf hn
believes that this legislative fiat on our
part would not only bring the silver now
in existence 10 par with gold ut the
ratio of 10 20 1, but would keep It and
the future production there, although
doubling the price would hereafter
probably double the production.
In view Of these facts is there any inn
propriety in inquiring how it is that we.
1O,OOO,OOO strong, can affect the money
Of 1850, 100000 people by n simple stat
ute, while the 1,350,000,000 cannot by
legislation affect us? And are the people
of Great Britain and continental Europe
and many millions Of Americans TO be
dubbed 'money-grabbers" and pluto
crafts II they hesitate 10 believe that Mr..
Bryan has found and carries Aladdin's
Wonderful Lamp, and can produce these
stupendous results? And are the millions
Of people in this country who have made
contracts and investments upon the pres
ent monetary standard, which is gold,
and which has been the standard at least
since 1870, and l think since 1894, to be
charged with being unreasonable when
they ask Mr.. Bryan 20 state explicitly
what he believes would occur not only
20 their interests, but 10 the business of
the whole country. il his prediction as
20 the rise in the price of silver should
not be fulfilled and the standard of ex-
change should suddenly be changed from
n gold 10 a silver basis with no, or at
best slight advance in the commercial
value Of silver bullion? j. l.. Il.