Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1896-09-17
A sI1yEn A sumEsr.

An Invitation to Everybody to Buy Up
silver Now and Have It Coined At the
Minis II Free Coinage Prevaiis
Editor The Gazette. We are not
upon the gold standard of money at the
present time. The standard of United
States money is the dollar, which may
be made of either gold or silver.
Any one who has them will give you
100 cents for silver dollar, and no one
will give you any more for q gold
dollar. The gold dollar and the silver
dollar are equal in purchasing and debt
paying power.
am aware that there has been an
attempt at notification; but nullltica-
tion has not succeeded in this country.
1t is often stated that il the mints
we're opened to the coinage of silver the
deposits 10 saving banks would be
deprecated to one half. their present
! value This is not true, however, for
these banks now take in silver and pay
| out silver.
The silver dollar does not derive Its
value from the gold dollar. The treasury
of the United States does not redeem
silver dollars in gold dollars. There is
a great difference between ounces and
dollars. Dollars are legal tenders !;
ounces are not.
II the supply of butter should
increase much, while the demand for 1T
remained the same, the price of butter
would go down. But IL the demand
should increase while the supply was
not increased, the price would go up.
Ii a law should be passed that tea
should not be used for drink any
more, what would a pound of tea be
I kg ..n1. ,,ll
for it is not used for any other pur-
pose. At the same time the price OF
coffee would 60 up, for many who
coffee. Now, let the law he repealed
against using tea and the tea will al
once acquire its old price.
So in the use of gold and silver.
When the mints were closed to the
coinage of the metal silver into
money, the chief source of the demand
for it was cut off and consequently the
price of the metal silver fell. 1t did moi
go to nothing, like tea, because it has
value for use in the arts. AT the same
time the price of the metal gold wen
up. because the demand for mintagt
still continued.
Now, open tho mints to silver
again and the increased demand will a
once restore the price to what it hac
been before the mints were closed
because if there was anything to b,
made by it, everybody that had none!
, TO invest would go to buying silver t.
, have it coined.
The man Sho cannot understand thi
!, a, b, OF the science Of politica
! economy, is as il man who haC
, never studied arithmetic should den,
the single rule of three.
The national banks have an oppor
tunity for good investment by sellinl
their bonds and buying silver, Will
the bullion price is down, and havin
it afterwards coined into dollars. The
+, might be allowed to issue two dollar
a inlpaper for one in silver, which wou
4 be better business than they are no,
: doing.
1t looks as il somebody was MOI
importing gold and exporting silver &c
the purpose of having the silver coine
). at some foreign mint. II 100, 600, 900 {
a silver we're coined in our mint in
n year, it would all be finally spent fc
q wages. OF course that would do goot
The wage-earners of the country al
:. suffering for want Of this yearly supp
80 Of money. W. F. Quinby.
Il Wilmington, DEL, Sept. 10th, 1881