The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1896-10-10
Y ~ANTIDOTEs.

A'+N N"N 49,
lar from free and unlimited coinage II
1873 destroyed half our money.
The per capita circulation in 1879 wa,
$500 In 1873 we had neither gold MOI
silver in circulation. The total OF OUT
money. including treasury coin. wa,
S75l.SSl SOC July /, 1896. our money in
circulation consisted of gold coin. $3.50.
12S. 4S3; standard silver dollars, s5s,i75..
99S. with s37S.6lt,Ota in the treasury.
subsidiary silver. $50. 800. SOl; gold GER
tihcates, Si2.3 500, 759; silver certificates.
1881. 259. 500; "%Shermans." Ss5. 2l1, S6l;
"greenbacks," S225, I5l. a5S: currency GER
tincates. 1911. $40. 900: national bank notes,
s2i5, S3l .927. This makes a per capita
In circulation OF s2llo. (sec official
treasury report)
., That the act Of 1873 destroyed
= silver as money"
Under our limited coinage OF silver
We coined from ISIS 10 1896. eighteen
years. a total OF $i7l, 927, 729. During
the entire eIghty-hve years previously.
with free coinage W 10 1873. the total
silver offered and coined was 1922, $780,
92l. Mint reports)
3.-That the act OF 1873 was a gold
conspiracy against silver
1t was earnestly supported and voted
for by the senators and representatives
Of the silver states. The bill was re-
ferred TO the finance committee OF the
senate April 2s. 1870: submitted TO the
house June 20. 1870; passed through va
rious stages. all public and OF record.
until February Il. 1873. when II became
a law. (see Laughlin's "Blmetallism, "
page 9s, or Congressional Record for
the years ~lndicated)
! I. That legislation can keep up the
price OF silver,
During the operation OF the Bland
Allison act dS7s), when the government
was buying S2,OOO.O 900 monthly, and dur
ing the operation OF the Sherman act
$3.50, when the government was buy
ing "a, 900. 900 ounces annually, silver de-
cllned per ounce from Sl.l6 to 73 cents.
Mint reports)
5. That because silver cannot be
kept al par with gold. in a poor"
country like Mexico, It must not be
presumed the United States cannot
keep the metals at par.
This Is suppression OF the fact that
all the countries nov on tho gold stan
dard tried to keep the metals A. par
and failed, one group consisting OF the
combination OF France, Italy. Belgium
and Switzerland. Can the United States
hope to succeed alone where all the
greatest countries in the world, singly
or In combination, failed?
g. That gold and silver with free
coinage At IS TO 1 is the money OF the
constitution"
Read the constitution.
7. That free coinage OF silver at l6
to 1 Of gold is the money OF Jefferson,
Hamilton and Jackson.
Read their writings. Each knew that
unless the coinage ratio Appropriated
closely to the market ratio the I'M
dervalued metal would not circulate
and advised accordingly.
8. Bryan garbles Blaine and quotes
Carlisle before the great era OF silver
production set In.
Read both ungarbled.
0. That dropping the silver dollar
from the coinage Of 1873 cut down
prices and wages.
50 long as wages do not fall, decline
in prices Is an indication Of prosperity.
From 1879 to 1895 the savings bank de-
posits increased from 1902, 490, 208 to
81, O41. S67, 500. This stands for surplus
after wages have supported the earn
ers. It is not hereditary wealth. That
seeks other banks. A non-partisan
committee Of the United States senate
reported in 1894 that in twenty-one in
dustries wages were 40 per cent higher
in 1880 thar 1860 and 60 per cent higher
in 1891 than in 1860. The fall In farm
products was due to over-production,