The citizen. (Frederick City, Md.) 1895-1923, 1896-08-14

the sr ?piy of silver available for coin
agc is too large to be utilized by the
Unite States.
W. Can FIX the Price.
In discussing this question we must
consider the capacity of our people to
use silver and the quantity of silver
which can come to our mints. 1t must
be remembered that we live in couu-
try only partially develoned. Now,
how much silver can come here? Not
the coined silver of the world. because
almost all of it is more valuable at this
time in other lands than it will be at
cur mints under free coinage. If our
mints are opened to free and unlimited
coinage at the present ratio, merchan-
disc silver cannot come here, because
the labor applied to it has made
it worth more in the form of
merchandise than it will be at our
mints. We cannot even expect all of
the annual product of silver, because
India, China, Japan and Mexico and
all other silver-using countries must
satisfy their annual needs from the an
nual product; the arts will require a
countries will need a considerable
quantity for subsidiary coinage. We
will be required to coin only that
which is not needed elsewhere; but it
we stand ready to take and utilize all
of it, other nations will be compelled
to buy at any price which we may fix.
Our opponents cannot ignore the fact
that gold is now going abroad in spite
of all legislation intended to prevent
it, and no silver is being coined to take
it's place. Not only is gold going
abroad now, but it must continue to
go abroad as long af the present finan
cinl policy is adhered to, unless we
continue to borrow from across the
ocean.
Fifty cent Dollars.
Perhaps the most persistent misrep-
resentation that we have to meet is
the charge that we are advocatin the
payment of debts in fifty-cent dollars.
At the present time and under present
laws, silver dollar, when melted,
loses nearly half it's value, but that
will not be true when we again estab-
lish mint price for silver and leave
no surplus silver upon the market to
drag down the price of bullion. Under
bimetallism silver bullion will be
worth as much as silver coin, just as
gold bullion is now worth as much as
gold coin, and we believe that silver
dollar will be worth as much as gold
dollar The charge of reputation
comes with poor grace from those who
are seeking to add to the weight of
existing debts by legislation which
makes money dearor, and who conceal
their designs against the general well
fare under the euphonious pretense
that they are upholding public credit
and national honor. In answer to the
charge that gold will go abroad, it
must be remembered that no gold can
leave this country until the owner of
the gold receives something in return
for it which he would rather have.
Honest differences of opinion have
always existed, and ever will exist, as
to the legislation best calculated to
promote the public veal; but, when
it is seriously asserted that this nation
must bow to the dictation of other
nations and accept the policies which
they insist upon, the right of self
government is assailed, and until that
question is settled all other questions
are insignificant.
Appeal To Citizens of New York.
Citizens of New York: l have
travelled from the centre of the conti-
nent to the aboard that l might, in
the very beginning of the campaign,
bring you greeting from the people OF
the west and south and assure you
that their desire is not to destroy
but to build up. They invite you
to accept the principles of a living
faith rather than listen to those
who preach the gospel of despair and
advise endurance of the ills you
have. The advocates of free
coinage believe that, in striving
to secure the immediate restoration of
bimetallism, they are laboring in your
behalf as well as in their own behalf.
A few of your people may prosper un-
der present conditions, but the perma-
nent welfare of New York rests upon
the producers of wealth. This great
city is built upon the commerce of the
nation and must suffer if that COM
merce is impaired. You cannot sell
unless the people have money with
which to buy, and they cannot obtain
the money with which to buy unless
they are able to sell their products at
remunerative prices Production of
wealth goes before the exchange OF
wealth; those who create must secure
a profit before they have anything to
share with others. You cannot afford
to join the moneychangers in support
ing financial policy which, by de-
stroying the purchasing power of the
produ cts of toll, must in the end dis
courage the creation of wealth.
Our COuntry's Mission.
1 ask, expect, your CO operation
1t is true that few of your financiers
would fashion a new fgure-a figure
representing Columbia, her hands
bound fast with fetter of gold and her
face turned toward the east, appealing
for assistance to those who live be-
yond the sea-but this figure can never
express your idea of this nation. You
will rather turn for inspiration to tho
heroic statue which guards the en-
trance to your city-a statue as patri-
otic in conception as it is colossal in
proportions. 1t was the gracious gift