Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-08-27


u value, but wouiiail vsiuo TO thu
thing measured. IL wnul not cons rye
vnlnes. On tho contrary, u would 90.
range MI sNisilug veiutr. l. would
not restore business confidence, but lie
direct elect would b. q destroy I've
htiln which yet RENAME.
wHAr Pin COINAGE MEANS.
The moaninx of tho coinage planh
adopted ~ Chicago IL that any one
may take qua Ivy Of silver bullion
-ow worth 90 cont, u the minia Of the
Uuiteu Stltte, have 10 coiuui At tho cs.
pouto OF the government, and receive
lOr II n silver dollar watch nhhll hn
legal tonuer Tor the payment Of MI
debis, public nu1 private. Toe owner
Of the bullion would Get the silver
dollaG u belongs 10 him aud nog1lY
else. Other people would ret 10 only by
thclt labor, tie pro iugA o. their lnud
" something OF value. The bullion
owneh on tho basis OF present. vsllgu,
wouli receive tho ailvar dollar Toe %
cuntS worth 0fsilvef, and other te1plu
would Do required 10 receive u ara foil
dollar In tho payment of duh,s.
The government would got nothlng
from tue Transaction. L Wouli boar
the exponsu OF oliniug rho silver ani
tho community would suuur l.si by -
use.
Tine rREaENr DOLLARS ALL NOM.
We hnvs colnei sinc' 1875 more than
i0O,0O1,OU0 u silver dollars which arc
mulutainei by tic government It
parity with Roii, and which ate a full
loyal tender for the payment Oh oil
dcbls, public and private,
How arc the silver dollars now 10
unr different from those which would
DO In use under ifeo coinogo2 They
arc 10 be VI the same weight aud nuo.
ness, they arc 10 boar tue same stamp
Of the government. Why would they
not be Of tho fame valut2 1 auswuI3
rho silver dlilnfs now Ia utc were
coinod on account OF the government
aud not Tor private account or gain,
AID the government has u1lemnly
ngfccd 10 keep them ne good as the
beat dollars we have. Tho govern.
ment blufht this silver bullion At its
market value and coined II. Having
exclusive control OF the miotngc, 10
only coins what u eau hold al n panty
with gold.
The profit representing the difference
between the commercial value OF the
silver bullion nnd the face value Of the
silver bullion, COOS TO tho government
Tor the unnclt VI the people. Tue gov
ufnment bong the silver bullion con.
lnlnud IA the silver dollar nj very much
lees than ITO coinage value. IL paid II
out 10 iia creditors aud pat II VA oifcu'
lation among tho people At Ito face
value OF 100 ounte, or a full dollar. II
required the prUplo u accept II na n
legal tender, and 10 thus morally bsund
20 mnintain ithtA paflty with gold,
which was then NJ now the recognized
standard with ua anu tho NEST onlight'
| ouud nations Of the world. Tho gov
| eminent having itauoi and clfcuiaiud
tho silver dollar, u must In honor pro
] ttot the holder from Lose. The Ohliea'
| ton II has 20 fat aacfodly kept. Not
| only ~ there moral obligation uui
there Ia legal obligation expressed
| In public statutes TO maintain the
| parity.
Tnese dollars IN this particulars
have namtd are not tue same NJ th'
! dollars which would be- Issued uudel
freq coinage. They would be the can't
In form, but different Ia value. Tn
government would nave no Fart 10 tn'
\ tfausaction, except TO coiu too Hilve
bullion into doilaIs. II would share II
no part OF the piGni. IL would TAX
upon itself no obligations. IL wOull
not put tho dollars into circulation.
could cnly get them ~ any citl2si
would get them, BY giving somolhIug
for them. IL wtuli deliver them &
those who Deposited tho silver, anu II
connection with tue Transaction tnof'
end. such are thu silver dollaTs whicl
would bs Issued under free coinage O
silyor al a Taiil Of 10 t9l. VINO woul,
then mainiai tue parity! What woulI
keep them nj par with gold2 Ihen
would DO no obligation resting uioi
the government to DO II, aud II then
were. " would bo powsTieis 10 ypc II