The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1896-07-22
The Demonstration of Iron.


ton, and am ready TO maintain ths
propositions following in joint debate
or newspaper controversy.
"I accept the argument OF the advo-
Gates Of silver and agree with their
remedy as far as it goes However, Il
does not go far enough. Let Us have
plenty of remedy-in fact, enough TO
make debt and poverty things Of th e
past, relics Of the dark ages. am ia
favor Of the free and unlimited coinage
of pig iron at the ratio Of II to ! with
gold by the United States alone, indie
pendently of all nations, and can prove
by the best authority obtainable that
such a policy on the part OF the United
States will raise prices put plenty Of
money ia circulation and give the
honest debtor a chance 70 pay his
debts, thereby making the whole
country prosperous.
"Now, in the first place, it may be
urged by some who do not understand
the subject Of standard Of value that
free coinage act for iron would not
raise its price to a ratio Of Is to ! with
gold. To them | reply that the stamp
of this government and the legal ten
der qualities Of 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 else
than the mint value?' Stewart, Jones
and Bryan.
again, it may be urged that our
mint would be oyercrowded with pig
iron. / reply that the price Of pig iron
having been raised from $50 ton to
a ratio Of IS to 1 with gold the world
over, no one would especially care TO
carry it TO the mints, since the mint
price could be obtained anywhere in
the open market. Atlanta CORstitE-
tion. Next it may be urged that gold
and silver would go out of circulation.
/ reply, first, This is a mere assump-
ton of the tools of the money power
which they cannot verify Atlantis
C5nsfitsrtiOHj; second, Suppose gold
and silver do 90 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 assumption mikes the ideas
of circulating medium and standard a
values gold and silver would still be
potential money metals, though not in
circulation, and would lend their help
toward raising prices and causing yCa-
eral prosperity Crisp
''Then, again, it may be urged
against the pig iron standard of value
that wages would not rise in proper
ton to prices The reply is, Wages
would be compelled TO rise, since no
man would be fool enough to work for
81 day who could make $1,000 day
picking up rusty nails and old horse
shoes and carrying them to the mins
for coinage Hull.
"In addition, it may be urged by the
money power, by the Wall street
sharks, and the Bond street ShylOcks'
that We could not alone go on a pig iron
basis without an international agree
ment- To such dastards as dare TO lay
limit to the power Of the American
people to do what they please, indie
pendently of all nations, l hurl their
cowardiee and lack Of patriotism back
in their faces Bryan.
'The crime of demOnetizing pig
iron took place about 300 years ago,
when certain 'goldolatOrs' and silver
ites,' in order 10 increase the purehas-
ing power Of their ill-gOtten wealth,
secretly and like thieves in the night
got the demonstration act passed, re-
pealing the good old free coinage act
Of Lycurgas, the friend of our ances-
tors daddies.' To-day China is the
Only country ON earth honest enough
to coin iron, and there the happy la
bOrer can carry home the wages of his
honest toll in u wheelbsrrow. Allan
Ia Constitution.
"a ruinous fall in prices followed
the demonstration of iron and has con-
tinued for upward of 200O years. l
have calculated the losses entailed up
on the honest people of this world by
that ruthless act, but the figures are 50
enormous fear revolution will ensue
if the people learn how greatly they
have been robbed. But facts are facts,
and the best way TO right wrong is
to meet it squarely. That loss Is
2Il, ,OOO, ,OO0, 900, ,OOO, 600, 600 O00, 900, ,O0OI
Coins Financial School
"In conclusion, l insist that the free
coinage of pig iron will do everything
that Is claimed for silver and infinitely
more The people will be rich and
prosperous. The once poor man can
pay his debts with his old stove. Rail-
roads can declare a dividend ON old
rails and worn-Out rolling stock. The
small boy can pick up old nails and
horseshOes enough 10 support his fam
lily. In fine, poverty and debt can no
longer exist"