The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-07-13

Alexander p. HUI. Of Atlanta. II .
strong Is 10 / man He does not believe
In halfway measures. The free coin
age Of silver idea Is too tame for him
he Il wiling 10 sec the silverites and 20
70 them 100 points better. Here are his
esciarstssns. proposition and argument:
Having been deeply impressed BY the
arguments OF Judge Crisp. Bryan. Stew
art. JoEss and other silver leaders. ana
especially grieved shocked and Mortified
by the -2xfnl crime In ix71" a. 30 luridly
depicted daily I'm the columns Of the At
lsntA Constitution and other silver or
gans. ! have changed my views on me
money question and am ready 10 main
tain the propositions following in joint
debate or newspaper controversy.
I accept the arguments OF the sdv6-
Gates OF silver and agree with their rem
ecy a. far - IL coca However. II does
not go far enough. Let US have plenty
of remedy-in fact enough 10 make debt
and poverty things Of the past-relics or
the dark ages i am IN favor OF the free
and unlimited coinage OF pig iron at a
ratio OF 10 10 ! with gold by the United
States alone. independently OF all nations.
and can prove by the best authority OBJ
tainable that such a policy On the part OF
the United States VIII raise pr Ses.
put plenty OF money IN circulation and
give the honest debtor chance to pay
his debts" thereby making the whole
country prosperous.
Now, In the first place. 10 may be urged
by some who do not understand the
subject OF standards OF value that free
coinage act for iron would not raise Its
price to q ratio Of Is TO / with gold
To them reply that the stamp OF the
government. giving legal tender quail
tiles to the iron dollar would instantly
make the bullion value of pig Iron the
same as the mint value. "For who would
part with an ounce OF this precious
metal for anything less than the mint
value ?''-tStewar Jones and Brysn.b
Again, il may be urged that our uints
would be overcrowded with pig IRON
I reply that the price OF pig iron having
been raised from $3.50 ton TO a ratio
OF 10 TO l with gold the world over. no
one would especially care to carry II to
the minis, since the mint price could
be obtained anywhere in the open mar
ket"-tAtlanta Constttution.)
Next IL may be urged that gold ana
silver would go out OF circulation ] re-
ply, first, This Is mere assumption
of the tools of the money power which
they cannot verify."--tA6larta Constitu-
tion.) Second-"Suppose gold and silver
do go out of circulation. Is there not
plenty OF pig iron to take their place
and give the people plenty OF money!
(Bryan), and third-"Such an assump-
ton mikes the idea OF circulating med
ium and standard of value, that gold and
silver Would still be- potential money
metals. though not In circulation.
and would lend their help toward rails
Ing prices and causing general prosper
fty."-(Crisp)
Then. again, IL may be urged against
the pig iron standard OF value that wages
would not rise in proportion to prices.
The reply IS: Wages would be COM
PEELED to rise, since no man would be fool
enough to work for 81 day who could
make si.6o per day picking up rusty
nails and old horseshoes and carrying
them to the mint for coinage."-(Hull.)
In addition 1t may be urged by the
money power. by the wall street sharks"
and the Bond street Shylocks' that we
could not alone go on pig IRON basis
without an international agreement. To
such dastards as dare 70 lay limit TO
the power OF the American people to do
what they please, Independently or ali
nations, hurl their cowardice and lack
OF patriotism back In their faces"
(BTyan.)
The crime" of demonetizing pig iron
took place about 400 years ago. when
certain ''goldolators" and "silverites," In
order to Increase the purchasing power
OF their iil-gotten wealth, secretly and
.like thieves In the night" got the demon
etization act passed repeating the good
old free coinage OF Lycnrgus. ''the friend
OF our ancestors daddies." To-day China
Is the only country on earth honest
enough TO coin iron. and there the happy
laborer can carry home the wages of his
honest toll in n wheelbarrow.' -tAtlsnta
Constitution.)
A ruinous fall In prices followed the
characterization OF iron and has continued
for upward OF 2.ooo years. / have calcu-
lated the losses entailed upon the honest
people OF this world by that ruthless act.
but the figures are so enormous / fear
a revolution viii ensue IL the people learn
how greatly they have been robbed. But
facts are facts. and the best way 70 right
a wrong IS 20 meet II squareiy. THAT loss
Is 81 600 900 GOO 900 900 ooo. 900 oo. ooo. ooo ~
COINS Financial SCHOOL,
In conclusion / insist that the free
coinage OF pig iron VIII do everything
that IS claimed for silver and Infinitely
more. The people vii be rich and pros
porous. The once poor man can pay his
debts with his old stove. Railroads can
declare dividends on old rails and worn
out rolling stock The small boy can
pick up ola nails ard horseshoes enough
70 support his family. In fine. poverty
and debt can no longer exist