Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1896-07-31

precipitates on the same class q loss Of
nearly SEQ. ZOO. 0O9 For whatever the value
sue Of the country will sink to Its standard
when it's coinage Is authorised and Its
circulation becomes general In the chan
nels Of trade; Some one N cen Nrsr
Of the many freight competitions Of the
trunk lines, said: 1T cannot be that the
Canadian railroad has sufficient carrying
that's That is true. replied the Commodore.
but they can fix q rate and force US down
to IT, Were congress to pass 2 law today
declaring that every legal tender note and
pass for only 96 or 81 cents on the dollar.
there is not q constituency in the United
States that would re-elect q man who sup
sentative would be lucky If he escaped
merely with q defeat at the polls.
''Yet 1t Ii almost automatically DEM
onstrable that the same effect will follow
the coinage OF an SILVER Go
lists in finance that remonetizatton of the
former dollar will at once and permanent>
ly advance it's value to par with gold, are
controlling facts. The first effect Of issu-
ing any silver dollar that will pay GUS
toms. dues and interest on the public debt
VIII undoubtedly be to raise t it to praS-
ton will last only. until the amount need.
full for customs shall fill tho channels Of
its use: and the overflow going Into gen
s,nrr,oi ond "t,,aI val,e and then the dis
no,,nt vii Ill come IN the Volume Of the pa
per money. which will sink pari passu.
with the silver dollar In which IT ,, Il mace
q oonaidarehia effect IN advancinsr the val
ne Of the silver dollar is very probable.
but not enough to overcome the difference
n noWses indanendent Of our control in the
United States" .
RememRer my r feit 20 centa ON the dollar
wham M Rlaine smoke these words.
Hear what Mr.. Blaine Gays further:
INV own view an this question can be
s sIads v cag afford to be paSd In any silver
Gnnar 49, tha Tinted States can AFFORD
a 40 ar, ena1 IA tn c,rc Ut W. have forty
Thousand millions q property In this eoun-
Mt ,,s to overt,rn its relations by seeking
FOR an INFERIOR dollar wherewith to settle
the honeet demands OF any creditor. The
question might BE- different as9m I'M msf doi
sei1sn Roans % Nle "rdi{o IN wn,,id disap
, near ~ aftar ynerformine that function. But
the trouble is that the inferior dollar you
tia y 'h to The exclusion Of the better dollar.
1tSa =, w,hic S You pay ct home stays here;
that s Which You send abroad viii come
back Ths ,nte hnd % n nn witb the interest
ID =. 'n ns, t.n' neomIa Whatever affects
~ III, 'iH rrente ia All: and the evil that we
might infict upon him by paying an In.
Terror do na n "1 %an,toId a. the aSxreSate
venge a a1S s ~, a ramnfiic transcands the COM
W. rativeiv small limits of our bonded debt.
Remember that our aggregate wealth is
stsaIsiv nrnwina 1essi II maid a good sill
s ~ dni,.r tra Sondholder has nothing to
c cor 81 II naid in an inferior sill
v ..saS, o ~; ,tteraI stiii more Dlantiyely BY
VII oe ~ +ha se1ai tender note and Of
ne ne n notierei hank SiIi, bV the pensioner
by by the day laborer and by the countless
n nTssS y ~ snI IN whom the most distress
s alMays. t a ~ inferior money viii ultimate
Ivy ~ he ei nracipitated."
money Of the conssitut eone anterior to
nc. money ey, o. money which the organ
ic law Of the republic recognized as in
o on Nnw that was the part that was
on oa IVY; - mart II am certainly Of
aesnio,, Sa,d Mr. Wabster 'that gold and
silver Ct , sasgs a nand Of Value In this
co,ntrv and that neither congress nor
eu., stssto has authority to establish any
otSer standard. or to displace this stand
M aEa. ,a t% 10 900 What bower. then has
VOW TO- e no oo,a and silver? It has the
ooni,s,.se ncwar to coin them: the exclus-
a., Co1,,nr 70 ro0u1Qfa their Value-V6ry
I've power 70 s,,,s aee .,nrw nacessarv powers.
great IT, V escr wase exercise Of Which crit
Tor Tor, tne nee ai a;nn has now ARISEN Hasn't
tha+ oritGcaI occasion arisen? II 1t was q
critical 90 OCCASION ss IN the doiiar-that is. the
WORN aeMo ~ 'e siiver was worth the 92-1OOth
n nolaar II IN q cold dollar-how would It work
To-Day, wnen slixer 10 rsn,t tbot. critical
cents ION on me o noa mem may diner about
o ceGaes and processes. all viii admit that
c sasttSin a = lew Years great disturbance
nas t axe R,a and That silver is worth
goia ana stivsr; , nn more in the money
less r, OF s Of the world in isis than in 1875
when the 1 nEtheI Ev ~ this conntrv. 10
lars was pT s. nnHI aa thomrh Genital con-
remoneIzes ~ NV" choneeH r. wiimuily and
a;H9ns ~ na1 1ne,ve n,,rsives. THAT is what