Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-09-18

attention of the esteemed lntellsehctr
10 its own acknowledgement which the
Register quoted at length yesterday THAI
free coinage would DOUBLE THE
PRICE OF THE SILVER MINE OWN
lER'S PRODUCT" which Of course would
bring the price of silver up TO S1.29 per
ounce. but we viii ask our esteemed
ne;gbbor what it would sell an ounce of
silver for under free coinage at 16 to !?
Would it sell it for less than $1.29 per
ounce when il could gst S1.29 per ounce
for II AZ the mint? As for the stamp Of
3 the government, what gives our paper
and silver dollars their value to-day but
The Governments stamp? Take that of
and our paper dollars would be worth
nothing and our silver but about half
its face value measured by the gold STAN
dard. AS FOR THE MEXICAN DOL
LAR. IT Is WORTH 100 CENTS IN
MEXICO AND WILL BUY AS MUCH
In THAT COUNTRY TO-DAY
las IT WOULD WHEN THE
MEXICAN SILVER DOLLAR WAS
WORTH MORE THAN THE UNITED
STATES GOLD DOLLAR. For this
we have the statistics of Mexico and the
word of President Diaz, which we pub
Ilished The o,her day. Abroad MsXico'a
dollar is worth more than our own sill
yer dollar, which passes for less in gold
andard Europe than Mexico's dollar.
Every country stands upon its own mon
! e.ary basis and will accept the metallic
money of any other country only at its
bullion value IS measured by the stand
| ard of the country receiving il. Our
gold dollars are accepted in England by
the Bank OF England at only their bull
/ Ion value; if they are worn they pass for
/ so much less as the scales may show
Niney-nine-oue hUndredths Of intarnat-
ional exchange, however, consists Of
merchandise and bills of exchange;
money is rarely used, and jus; here is
where the silver countries have the ad-
vantage in the international trade of the
sold countries, and are always able to
Iun6erseu them in the worlds markets.
Query >:
( q, It is TO be borne in mind that the pro-
} posed dollar would not be coined for gov
/ ,rnment account and in limited quantities,
/ but for private account in unlimited guam
| titles. which makes all the difference III the
! world Coined for private use, the govern
/ r1ent would he through with II after hand
| ing IL over TO the owner OF the silver. II
| would not undertake 10 keep that do!lar
] at par with gold. and would be poWetltSS
! TO DO so If ii were to try. No government
| has ever been able TO stamp value INTO
1 anything.
This silly question is answered above.
If the government has never been liable
10 stamp value into anything" our es-
ireemed neig6or would throw away the
roll Of greenbacks and silver certificates
ne carries in his vest pocket and sell
MS silver dollars for 80 cents apiece, and
we don't think he has been seen doing
tina. lately. It is the very fact 0, unlim-
/ tied coinage that will remOnetze silver.
We have limited coinage now. Free
and unlimited coinage will at once raise
| its bullion value to tn price of 100 cents,
or S129 per ounce It could not posi-
/ bly, have any other effect excep; to at the
same time lower the money value OF the
gold dollar, which at present buys 200
c-,-s worth Of American products and
labor Query 8:
go To say that the silver dollar coined
free and I'm unlimited quantities couid
NOT De POSSIBLY worth less than 100 cents.
Is 10 show objectionable ignorance OF mon
oyary history. or a desire 20 WacuCG on
somebody's ignorant credullty,, 200 VIVA, nat
wouid make il worth more than 100 cents
under fire. coina-e? Nothing but the. rise
or fine silver above the price or N-7y an
ounce That would be good business
reason resulting from an increased. Ie-
maad. III could never be the result OF the
mere passage Of q free coinage act.
This query. also. is answered a, length
above. In 1878 and before that time sill
yer was a. a premium. Silver dollars
were worth 1OS cents when the white
metal OF which this country is the great
producer for the world, was demone-
,i2od. by a secret trick instigated by men
a. tale head of the Bank Of England.
Since 1873 vastly more gold than silver
At the legal ratio has besn coined. Coin
both metals freely at this same ratio
and. naturally, silver would be much
more likely % go to premium than
sold. Our neighbor's statement that ito
saw that the silver dollar coined free and
in unlimited quantities could not posi-
bly, be worth less than 1Co cents is to
show objectionable ignorance Of none
tary history" on the contrary shows
/ that our neigbor either is very ignorant
of monetary history or else has desire
to practice on somebody's ignoran, cred
luli.y." Does our neigbor recall, or has
our neigbor ever heard from any of its
forefathers that ever in the long history
of free coinage in This country
that either the silver or gold
dollar was worth less than
100 cents? 1t has heard that either the
silver or gold dollar al certain times has
been worth more than 100 cents BUT
NEVER LESS. Hence a resumption OF
free coinage at the legal ratio, while It
might possibly put silver % a premium
could not possibly make it worth less in
The United States Than its face value
100 cents. Ouerv /:
COIfthe Register knows anything about
the subject 81 knows that II the silver in