The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28
ron POLICI HOLDERS.
How the Free Coinage of silver Would AZ
feet the Iusur,d.

Col. Green, President of the COnuecti-
cut Mutual Life Insurance Company. has
addressed letter 10 the 250.0yo policy
holders of the company IN which he
says.
We never supposed IL necessary 10 pro-
vide that you should pay your premiums
or that We should promise TO pay your
policies IN any particular Kind or quality
OF dollars. bOth-with the exception OF Ger
tain Canadian assurances made during the
civil war and while gold was at Il pre-
mium-are payable in lawful money"
only on the confident assumption that the
American people are sufficiently honest
TO keep It's dollars meaning what they
were meant 10 mean and always had
meant.
But now comes a political party and
ayOws It's distinct purpose 10 make a
dollar mean three distinct and widely
different things Cd 4 gold dollar. worth
as bullion 100 cents anywhere In the world
- silver dollar. worth as bullion only
hfty-twO cents at the present time.
90 all the paper promises of dollars 10
be- hereafter issued by the Government
only. redeemabie IN either lo0-cent gold
dollars 52-cent Cor less silver dollars. or
IN new promises 20 pay, at the option OF
the debtor or redeomer. You 90 not need
to be- told that only the least valuable OF
these dollars would remain in use. The
invarablc experience OF all the ages fixes
that fact beforehand. And TO leave no
possible doubt as t. what the party means
and expects 20 be the result of its pro-
pOsals. its candidate for the Presidency
declares: 1--WE are going 20 fight for that
which some are pleased TO call dishonest
money"
Should this party so led come 10 power
upon this platform, the Government dues.
instead Of being paid. as now. in gold
NJ 10 cents or in paper which II now
reieems with such gold and never with
silver. would be paid I'm silver or In paper
redeemed in silver. which silver We could
use i'm trade at only its bullion value
o. hfty-two cents ON the dollar. The
greenbgcks being then redeemed In fifty
two-cent dollars. the Government bonds
and their interest being paid in nfty-twO-
cent dollars our national bank cur
rency. which rests on Government bonds.
rcdeemable i'm hfty-twO-cent green
backs and the gold gone from domestic
circulation into International trade We
shall be on the single fifty-two-cent sill
yer dollar basis. c-huudred-cent gold
dollars do not swap even for hfty-two-
cent dollars Of silver. iron or copper FIJI
ty-two cents worth ~ anything can never
~ anything else. Then the purchasing
power Of your policies viii be cut In two.
Coming upon n silver basis would in
tensely stimulate again the production OF
silver The ores are now easily accessl-
be I'm inexhaustble quantity from which
silver can be put upon the market az
profit OF forty 10 fifty cents an ounce.
1T which price a "silver dollar would be
worth thirty 10 thlrty-eight cents, or
less than Il greeuback was during the
darkest days OF lS64. Under that stimu-
lus and under such conditions. there
can bee no possible doubt that the price
OF silver would steadily decline on the
average towards the point az which IL
can be produced, which in some mines
is said TO be already less than twenty
five cents an ounce. and inventions and
improvements have not ceased. Should
we come upon a silver basis your poll
cies would for the present be paid IN
dollars worth 10 your families only
about nifty cents, and the great bulk
~ them would probably be paid in dol
lars worth not more than from twenty
five 10 thirty-fve cents.
lt is. therefore, our duty 10 warn you
that by so much as IL was your duty 10
make this provision for the protection
of your families, by so much is 10 your
present duty 10 see so FAR as your action
can prevent IT, that no part of that pro-
vision is lost 10 them by being paid In
dollars which are worth anything less
than the one hundred cents in which
you have been paying your premiums
and I'm which. therefore, you and we sup
posed you were making that provision.
trusting e. the personal and political in
tegrty OF the American people 10 keep
their honor bright and their money good.
We have never supposed-and do not
suppose-that the money standard of
this great country. producing for and
trading with all countries OF the earth.
Is az tho mercy Of a lot Of people who
have lot OF cheapcning metal 10 sell
To as to use for a new standard, and who
have long been carefully and at great
expense organizing their scheme pOlit-
icaily, by bringing into one camp all
tho discomfort. jealousy, envy and hat
red. which the unwse. unthrifty. i'm
proyident. idle and self-indulgent are sup
posed TO harbor towards the self-re-
strained, Industrious. careful, saving
thrifty. and wisely proyident.