Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1896-09-12


which would be issued under free coinage
They would be the same in form, but diff
ferent in value. The government would
have no part in the transaction except 70
coin the silver bullion into dollars 1t
would share in no part OF the pront- II
would take upon itself no obligation II
would not put the dollars into circulation,
1t could only get them as any. citizen would
get them, by giving something Tor tne,n-
1t would deliver them to those VINO oS
posted the silver and its connection win
the transaction there end Such are the
silver dollars which would be issued under
free coinage of silver at ratio :. 10 u l.
Who wou1d Maintain Party
"Who would then maintain the parity
What would keep them at par ~::c soid!
There would be obligation resting upon
the government to do it, and il tfere were,
it would be powerless to do it, Tao simple
truth is would be driven to /" SILVER
Das.s-.o silver monometallism IaESe ~
lars, therefore, would stand upon theiA
real value l. the free and unlimited com
age Of silver at a ratio OF 10 ounces u
silver to 1 ounce of gold would. as some
OF its advocates assert, make % Genus IN
silver worth 100 cents and the silver dolaI
equal to the gold dollar, then we wouia
nave no cheaper money than now, anu :.
would be no easier to get But tnal sun .
would be the result is against reason ana
is contradicted by experience in all times
and in all lands. 1t means the deba senent
of our currency to the amount OF the dli-
ference between the commercial anu com
value of the silver dollar which is ever
changing and the effect would be TO reouc9
| property values, entail untold hnanciai
| loss. destroy confidence, impair the oollsa-
| tions of existing contracts, further hnpoN-
| erish the laborers and producers OF 1hs
country. create a panic of unparalleled
| severity and inflict upon trade ana COM
| merce a deadly blow. Against any sucn
| policy 1 unalterably opposed
Gold Driven Out of Mexico.
| "Bimetallism cannot be secured by in
| dependent action on our part IL cannon
be obtained by opening our minis to the
| unlimited coinage of the silver OF the
| world at a ratio of 16 ounces OF silver TO
| ounce of gold when the commercial ratio
| is more than 80 ounces of silver to 1 ounce
| of gold. Mexico and China have tried the
| experiment. Mexico has free coinage OF
| silver and gold at ratio slightly In eA-
geld. and while her minis are freely open
| to both metals at that ratio. not Single
dollar in gold bullion is coined and CIR
| culated as money. Gold has been driven
| out of circula ton in these countries ana
| they are on a silver basis alone. ontli
| international agreement is had, 1t is the
plain duty of the United States TO MAN
| tain the gold standard 1t is the recos-
nized and sole standard of the great com
merciaI nations of the world with when
we trade more largely than any other
Eighty-four per cent. of our foreign trade
for the fiscal year 1895 was with goio
standard countries, and our trade with
other countries was settled on gold OASIS
More Silver Than Gold.
"Chie1y by means of legislation during
and since 1878, there has been put II
circulation more than 1924 900 900 OF sill
yer or its representative This has beer
done in the honest effort to give to silver
| if possible the same bullion and coinagt
value and encourage the concurrent use O.
| both gold and silver as money. Prior tt
} that time, there had been less than 5000,
900 of silver dollars coined in the entire
history of the United States, a period o
eighty-nine years. This legislation secures
the largest of silver consistent will
financial safety and the pledge to main
tain its parity with gold We have to
accomplished at times with grave peril I
the public credit. The so-called Sherman
law sought to use all the silver produc
of the United States for money at its mar
! ket value. From 1890 to 1898, the gov
eminent purchased 450O.0Oo ounces of sill
yer a month, or 81 10000 ounces year
I This was one-third the product of tn
world and practically all of this country
product. 1t believed by those VIII
e then and now favor free coinage that sue
use of silver would advance Its DuIlo
y value to it's coinage value. but this eS
) pectation not realized. In a fe'
r months notwithstanding the unprecedent
L ed market for the silver product in tn
e United States, the price of silver Wen
T down very rapidly, reaching a point lowe
u than ever before Then, upon the recon
, ! mendation of President Cleveland, DOT
I | political parties united in the repeal {
u the purchasing clause of the Sherman Law
u We cannot with safety engage in furtne
q experiments in this direction.
lon the second of August. 1891. IN
public address, 1 said: If we could nav
/ an international ratio which all the Leaf
l. ing nations of the world would adopt, an
J. the true relation be fixed between the Nv
IS metals and all agree upon the quantli
II of silver which should constitute dolla
J. then silver would be free and unl1n
lie tied in its privileges of coinage as gold
g to-day But that have not been an
l. to secure and with the free and unllm1te
10 | coinage of silver adopted IN the Unite
States at the present ratio. we Would
still further removed from any intern
tionaI agreement We may never be alb
f to secure it if we enter upon the isolate
a coinage of silver The double standal
52 implies equality at a ratio and that equa
s ity can only be established by the concu
= rent law of nations. 1t was the concurre
ar law of nations that made the double stan
v ard; it will require the concurrent Ia
h.. of nations to reinstate and sustain II
"a Party Tavors use of silver Money
ct 1.-The Republican party has not been Al
of ! is not opposed to the use of silver mon
he as its record abundantly shows 1t b
IL done all that could be done for its
or creased use with safety and honor by I
lie United States acting apart from other 60
al ernrnents There those who think tn
" I il has already gone beyond the limit
Is financial prudence. Surely we can go
in further and we must not permit fal
lid lights to lure US across the danger line.
Means Defeat of Information
IN Agreement.
th I'VE have much more silver tn
iy- asy country in the world except India
ow China-s5OO O00 900 more than Great BIZ
INT ain: $50 600, 900 more than France; SAC
Ter goo 900 more than Germany; 1925, 900 .
me less than India and s125,o0o.o0o less tn
l. =.