The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1896-06-18

WHAT FREE COINAGE WILL DO.
The Cincinnati Enquirer gives the
following as some Of the things free
coinage Of silver will bring:
The free and unlimited coinage of
silver means that neither the President
nor his Secretary ofthe Treasury would
be allowed any longer to boycott the
four hundred and twenty-eight mil
lions Of standard silver dollars now IN
existence The power that could re-
establish silver coinage would compel
the use of silver with gold in the re-
demption of greenbacks. This would
do away with the false Pretense that
bonds must be sold with which TO buy
gold to redeem greenbaCks. 1t would
remove the constant menace by The
gold gang that the legal tender quail
ity shall be taken away from the vast
amount Of silver dollars now IN ex-
istence. 1t would add enough to the
money in circulation in the country
each year to keep pace with the in
crease of population and the require
ments for domestic exchange. 1t
would make all the silver bullion in
the world worth just as much as
though il were already coined into
dollars. 1t would stop greenbacks
from being presented at the treasury
because Heidebach, Ickelheimer &
Co. and the rest of the breed Of gold
spectators would be offered silver
when they demanded gold, and they
would not want it. Free coinage
would guarantee the stability of the
currency. The grinding contraction
now going on would cease. The Dor
rowed surplus in the Treasury Of
nearly $500, 900, 900 would be expen nd
ed in grand public improvements, in
Guiding coast defenses, and thus be re-
stored TO circulation among the peo-
pie 1t would gradually raise the gen.
eral level OF prices.
The production of wheat and other
farm products would be resumed on
the former scale. Manufacturers of
every description would no longer en-
gage IN a mere hand to mouth pro-
duction, but would manufacture for
the requirements Of the coming year.
! This would give work to those now IN
distress, and would enable laborlng
people themselves to buy what they
are now doing without, under the
harsh compuls:on Of poverty. The
commerce between forty-fve states
would be resumed; railroads would
be taken out of the hands Of re-
ceivers, because they could again earn
interest on their debts and expenses
and something more. The occupa-
ton of the panic maker would be
gone. With free coinage would COM
a President and Secretary of the Treas
ury who would not spend half thell
time bawling to the world that their
government is bankrupt and compelled
to sell its bonds at 20 per cent. dis
count from the interest rates CT the
world to enrich favorable syndicates
for some unfathomable reason. Free
coinage would stop the borrowing
of money in times of peace for the
purpose of obtaining gold with which
to pay obligations not payable in
gold.
In brief, free coinage would mean
a back seat for syndicates and theil
official instrumental back seat for
the bears Of New York stock markets
and for the pawnbrokers through
out the country. 1t would mean
that money would be more profita
bic when invested in business enter
prises than when laid away in q
napkin TO breed upon itself. 1t would
mean fair play among men, and only
100 cents Oh the dollar in payment o
debts.
And free coinage is coming unless
bribery and corruption are stronger in
the land than the honest expression 0
the peoples will.