The San Francisco call., 1896-08-27
and give the "honest debtor a chance to pay
his debts" thereby making the whole country

and give the "honest debtor a chance to 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
standards of value,' tina. q free coinage act
for iron would not raise its price to tito OF
16 to 1 with gold. To them reply that 1.-The
stamp of this Government and the illegal
tender qualities" of the iron dollar would in
stantly 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 any
thing less than the mint yalue" Stewart,
Jones, Bryan.1
Again. it may be urged that our mint would
be overcrowded with pig iron. l reply that
the price OF pig iron having been raised from
$7 so a ton to a ratio of 16 to with gold the
world over, mo one would especially care to
carry IL to the mints, since the mint price
could be obtained anywhere in the open mar
ket' atlanta Constitution]. Next it may be
urged that gold and silver might go out OF cir
culation. 1 reply, first, This is q mere
which they cannot verify" tAtlanta. Consti-
tution). 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 assumption mixes the ideas of circulating
medium and standard of value. Gold and sill
yer would still be potential money metals,
though not in circulation, and would lend
their help toward raising prices and causing
general prosperity Crisp.
Then again, it may be urged against the
pig-iron standard of value that wages would
not rise in proportion to prices. The reply
is, "Wages will be compelled to rise since no
man would be fool enough to work for 81
day who could make $1,000 per day by picking
up rusty nails and old horseshoes and carry
ing them to the mint for coinage" (Hul).
In addition it may be urged by the money
power by the "Wall-street sharks" and the
sBond-street shylocks" that we do not alone
go on pig-iron basis wi thout an In ternatonal
agreement. s'To such dastards as dare to lay
limit to the power of the American people TO
do what they please, independently OF all
nations, l hurl their cowardlce ana lack OF
patriotism back to their faces" Bryanl.
The crime of demonetizing the iron took
place about 2200 years ago, when certain
.goldolators" and "silverites" in order to in
crease the purchasing power OF their Ill
gotten wealth, secretly, and like thieves In the
night" got the decentralization act passed, re-
pealing the good old coinage act OF Lycurgus,
the ssfriend OF our ancestors daddies." To-
day. China is the only country on earth honest
enough to coin iron, and there the happy
honest toll in the wheelbarrow (Atlanta
Constitution).
A ruinous fall in prices followed the de-
monetization of iron, and has continued for
upward of 1000 years. | have calculated the
loss eEtailed upon the honest people of this
world by that ruthless act, and the figures are
SO enormous l fear revolution will ensue If
the people learn how greatly they have been
robbed But the facts are facts, and the best
way 10 right a wrong is to meet it squarely.
The loss is $21, ,000, 900 600 00O, 900, ,OO0, ,OOO-
600. 600 900 Coins Financial SchooD.
In conclusion, 1 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.
Railroads can declare dividends on old rails
and worn.out rolling stock. The small boy
can pick up old nails and horse shoes enough
to support the family. In fine, poverty and
debt can no longer exist ATLANTA JournaD.