The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-09-18

nave two eyes, relieve the strain upon the otRer
two ears for the lobes the lungs two
venricles to the heartthe the mouth our whole
physical structure Is dual in construction we nave one
head but two lobes the brain; body but two limbs
to support it, Bimetasm financial system
but based on two metals
WHAT MONOMETAILISM Is
The right use only one metal primary money as
is the law now, is monometallism 1t is like man with
arm. leg. lung. Monometasm is one
lung monetary system. We called silver men. but
that does not express it, If gold had been demonezed
we would have been called gold We in favor
of the of both metals
We do pretend TO claim that better financial sys
TEN may be established by the wisdom of mankind
but say that to demonetize either of these metals
is step backward and not step forward tArpauseD
Bimetalsm is the right to either or both of two
metals. Only may be in use at time, or partially
and mostly the other If scarce or Is cor
nered by SPECTATORS may the other. II under
bmetallism is in than the other is be-
ii is the accessible and this fact may save
monetary system II gold leaves and goes to Eu-
rope under bmeallism. it does not hurt us It, gold.
would in such with silver taking its place with
to swell the supply of primary money in Europe
and increase the price of products in the worlds markets.
and thereby increase the price of exports In those
same markets. Under bmetalism. the expectation of
gold does hurt Under gold recommendation its
expectation deprves of the only primary money we
have tAppause Bimetallsm is the right to use either
49, 49,
1873.
OPTION OF THE DEBTOR
Under this bimetallc law the debtor had the option OF
which OF the two metals he would pay in Thus the de-
mand was regulated by the debtor. The government
exercised the same option as to creditors The de-
mand was thus applied to metal plen-
tiful III silver became the cheaper by slight fuctua
ton the demand thrown it. thus restoring the
parity between the two metals gold cheaper
tho liam aulb hack is
better recognized principle than the law of supply and
demand regulating values. 1t was the law to which BIZ
etaism adjusted and make ii sefoperative the
option given to the debtor who would always put
the demand on the more accessible or cheaper metal
and this prevented any material fuctuation in the com
mercial value of the two metals.
SUPPLY AND DEMAND.
To understand the effect of the demand thus shifted
by debtor II is necessary to consider the supply on
which the demand operates. All the gold in the world
available for use money. the present time is
coded TO he si.ooooooo00. That you may readily
understand what this quantity of gold means, l will
state that If 1t all into block it would go
in the cuIe of twenty two 1t could be stored in
n single bank building In this city Of Springfield and
annie room for ansaction of all the business
of the bank building in which II was stored You can
make your own calculation this you have your
BOYS make II for you Take $40 gold piece il you can
find one aughter and measure II, allowing oneenth
for alloy and you will get the same result that have
mr. take the weight cube foot Of gold 10 o5s
ounces multiply the number Of ounces by the number
Of gold dollars at 1922 grains Of gold to
ollar and You will get the number Of dollars cube
foot of gold BY dividing the number Of gold dollars In
cube foot of gold into the $40OOOO00OO Of gold in the
world available for money, you will get the
number OF cube OF gold BY reducing this result to
cube you will get result have stated-that II will
III 20 in n cube Of twenty-five fetal the gold in The
world There he no mistake about this calculation
SILVER IN THE WORLD
All the silver the world, available for use as money
: a like amount so conceded $4OO0OOOOOO. BY a sim
lar process OF calculation II will be found that 1t win
III goall the silver In the world available for use as
noncy-n the cube OF slxtysix feet This the supply
II the two metals in the world which the demand
II the debtor would operate, the present time IL we
lad bimetallsm
In considering, therefore. the effect OF bimetallc law
ven 10y the unsesh wisdom OF our forefathers we
pply the law Of supply and demand Under law
he two metals never varied in commercial parity more
han per cent and this slight nuctuation oscillation
vas the elasticity that bmctalic system gave to our
nanccs used thereon
FLurruATING SUPPLY OF THE METALS
From 1892 the date OF first coinage act to 1850 the
worlds supply of the metals 81 of silver to 81
+ gold. Or by weight, the worlds production OF the