Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1896-08-01

fiatism, cur
and debt repudia-
ecessary to refuts
nlents on which the
'e asked to support
.idates. This can be
ely done by a COM
.rtions of the Chi
the simple facts.
SOUND MONEY
FACTS.
T h e constitution
does nothing of the
kind. 1t does not
contain a line or
word which can be
twisted into mean
ing that gold and sill
yer shall be the
money metals of the
country. Article /,
Section 10, says:
NO state shall en-
ter into any treaty,
alliance or confed-
GRAFTON. grant letters
of marque and re-
prisal, coin money,
emit bills of credit,
make anything but
gold and silver coin
a tender in payment
of debts"
The denial of the
right of the states to
make anything but
gold and silver legal
tender is very far
from naming those
m Q I a ! 8 a S I h e
money metals of
the United States"
In no other part of
the constitution IS
gold or silver even
mentioned.
The first coinage
law passed by con-
gress made both gold
and silver coins the
unit or measure of
value. The Spanish
milled dollar w a .
made the unit of
number, but t h e
coinage of gold was
based on a fixed
number of grains of
gold, and not on u
ratio with the silver
dollar.
The coinage law,of
1873 was passed after
three years discus
sion in congress, and
1t was printed 13
times in the course
of it's enactment.
The speeches in both
the house and senate
during the proceed
ings on the bill show
that the change was
made as openly as
any other law ever
passed by congress.
There is no proof
that gold has appre-
ciated. Measured by
its labor coSt-that
is, the amount of
labor necessary to
obtain u given guam
tity OF it-gold is
cheaper to-day than
in 1873.
The free coinage
of silver bullion, of
which 80 ounces are
worth less than one
ounce of gold. into
legal tender dollars
at a ratio of sixteen
to one gold dollar,
would at once force
this country on a
silver basis and thus
bring about the
m o n o m e { a | i ism
which the silverites
pretend to oppose.
1t is also the poll
cy of France, Ger
many, Austria, Ita-
ly, Belgium, SwitZer-
land and other civ
ilized nations. Sill
yer monometalllSm,
which would be the
certain result of free
coinage at sixteen to
one, is the policy of
China, India, MeXi-
co and Japan. Are
the gold using or
silver using coun-
tries the most en-
lightened and pros
porous and worthy
OF being initiated by
Americans?
This is a demand
that silver worth
only so cents shall
be declared equal
In value to a gold
dollar worth 100
cents in face of the
fact that the rest of
the world refuses to
Join in establishing
an arbitrary ratio
between gold and
silver 1t is also a
demand for legisla-
tion making debts
contracted on a 100
cent basis payable
in 52-cent dollars. 1t
Is a frank assertion
in favor of debasing
[ h g currency by
adopting the cheap
silver standard. 1t
means that one-half
of the property of
the millions of cred
itors of the country
shall be taken away
from them by law.
and that IL th9 sill
verites are success
full they will bring
on q financial panic
by threatening in
vestors with the loss
of half their capital.
thus forcing them to
call in all their loans.
1t least the Chicago
commended. 1t is a
ltion of revolution
reputation princi-
no supports it will
e is voting for, and
Die will have only