Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1896-10-23
VERY HOT STUFF.
Some Nuts for the Gold Advocates
to Crack.

Some Nuts for the Gold AdvOcatei
to Crack.
The following very convincing
document is being distributed by the
thousands by commercial men:
Money is intended to be medium
of exchange.
1t is made for the use of the people
i'll buying or selling.
The original system was to make
gold and silver coin for the people as
they brought that metal to the mint
The metal was theirs and the money
was theirs.
Alexander Hamilton advises tn,
system adopted by Congress.
The ratio was finally made 16 to l.
sixteen ounces of silver equal to one
ounce of gold for coinage purposes
The ratio was substantially main.
tanned for so years, as it had been for
one hundred years or more. The
ratio of production made no difference
For the first % years under the double
standard there was SO of silver pro.
duced in the world for 81 of gold
During the last % years there was So
of gold to one of silver, but our money
was not disturbed.
Bimetallism is the free and un-
limited coinage of the two money
metals, at ration fixed by law.
1t is not a new thing.
1t is not visionary scheme.
1t is approved by Professor Andrews
of Browns University; Professor
Arendt, of Germany; w. H. Greenfield,
NJ. p, England, and many others.
Why did we change?
The people have never had good
reasons for it, but history tells us.
We had war. We went into debt.
Had to. The war debt was funded in
Unlteu StaLeS DOnuS.
Our creditors turned the gold into
paper money to buy our debt-with 81
of gold they bought 1925 OF our debt.
Soon after the war they raised the
question of public credit.
Congress pleaded for the people in
1869 that they would pay their debt in
coin.
Coin at that time was silver and
gold 16 to L.
What was the matter with our
creditors?
Were they afraid we would not pay
our debts?
No; they were afraid we would.
That would stop interest and specula-
ton in bonds.
1t would make the people free from
debt.
If they could take away the right to
pay in silver, they knew the people
could never pay in gold.
Prices would go down; gold would
go up; that is, it would take more
labor and stuff to buy the same
amount of gold.
Now little gold in the hands of n
few men is the only measure of value
1t measures everything, silver in
cluded.
The silver dollar was stolen in 1873.
When the people found it out they de-
manded that it be given back again.
Ridpath, the historian, says: GAS
the time for redemption drew near
and the people learned that they could
no longer pay debt in silver"
Did they get back the silver dollar?
No. They said, we will buy you some
silver dollars. Now they say to us,
your silver dollar is fifty cent dollar
We say give back the dollar you stole
from us. That was good dollar
worth one hundred cents, under free
coinage law. They say they can't dc
it. And when we want to know why
they say that England will not let
them do it.
We have made laws without Eng.
lands consent for more than one
hundred years.
But they say England will not lend
us any money. We will make our own
money.
They say England will not sell us
goods. Then we will buy American
goods with American money.
They do not say that England will
not buy our goods, for they do not be-
lieve such trash, and that she has been
buying wheat in India with our cheap
silver for long time We lost on the
silver and they made on the wheat.
Just imagine Republican afrait
that England will not sell us any
goods for our silver when they claim
that they want protective tariff sc
high that other countries cannot drive
our manufacturers out Of business
They are not consistent.
We have been trying to do business
on a falling market for long time.