Delaware gazette and state journal., 1896-07-16
MAKE MONEY OUT OF IRON.


Has scheme That May Probably Revo-
lutionize the country-Ir is "Good
Thing"-"Push it Aiong.v
Atlanta, Ga, Journal.
Alexander P,N Hull of Atlanta, is u
strong l6-to-l man. He does not believe
In halfway measures The free-coin-
age-of.silyer idea 10 too tame for him.
lie Ia willing to SOC the silverites and
to go them 100 points better. Here are
bis declaration, proposition and argu-
ment:
Haying been deeply impressed by
the arguments Of Judge Crisp, Bryan,
Stewart. Jones and other silver leaders,
and especially grieved, shocked and
horritied by the awful crime Of 1873,
as so luridly depicted daily in tho
columns OF the Atlanta Constitution
and othor silver organs, have changed
my views on the money question, and
am ready TO maintain the propositions
following In joint debate or newspaper
controversy.
II accept the arguments of the I'D
vocates of silver and agree with their
remedy as far as it goes However, il
does not go far enough. Lot us have
plenty OF remedy-in fact, enough to
mako debt and poverty things of tho
past, relics of the dark ages. am in
favor of the free and unlimited coinage
of pig iron at ratio of 10 to with
gold 10y the United States alone, indie
pendentiy Of all nations, and can prove
by the best authority obtainable that
such q policy on the part Of the United
States Will raise prices. put plenty of
money 10 circulation, and give the
honest debtor chance to pay his
debts, thereby making the whole coun-
try prosperous.
Now, in the first place, it may be
urged by some who do not understand
the subject of standards of value that
free coinage act for iron would not
raise its price to ratio of l6 to with
gold, To them reply that the stamp
OF this government and the legal
tender qualities of the iron dollar
would Instantly make the bullion value
Of pig-iron the same as tho mint value
For who would part with an ounce of
this precious metal for anything else
than the mint valueS' (Stewart, Jones
and Bryan.)
mint would be overcrowded with pig
iron. ] reply that the price of pig iron
having been raised from 81. so a ton to
- autio Va AZ W Win BOlu tub WuTlu
over no one would especially care TO
carry 1t to the mints, since the mint
price could be obtained anywhere in
the open market. ATLANTA Constitu-
tion. Next il may be urged that gold
and silver would go out of circulation.
reply, first, This is mere as
sumption of the tools of the money
power which they cannot verify TAT
lanta Constitution), second, Suppose
gold and silver do go out of circua-
tion, is there not plenty Of pig iron to
take their place and give the people
plenty of money! bryan and, third,
Such an assumption mixes the ideas
OF circulating medium and standard of
value; gold and silver would still be
potential money metals, though not in
circulation. and would lend their help
toward raising prices and causing gen
erai prosperity Crisp.
Then, again, it may be urged
against the pig iron standard of value
| that wages would not rise in proportion
to prices. The reply is, Wages would
be compelled to rise, since no man
would be fool enough to work for 81 a
day who could maze 81, 600 a day pick
ing up rusty nails and old horseshoes
and carrying them to the mint for
coinage. Hull.
In addition, ii may be urged by
the money power, by the Wall street
sharks and the Bond street Shylocks'
that We could not alone go on pigiron
basis without an international agree
ment. To such dastards as dare to
lay a limit to the power of the Ameri-
can people to do what they please, in
dependontly of all nations, l hurl their
cowardice aud lack of patriotism back
in their faces Bryan.
The crime Of demonetizing pig
iron took place about =, 200 years ago,
when certain 'goldolators' and sill
verites, in order 10 increase the pur-
chasing power Of their ill-gotten
wealth, secretly and like thieves in
the night got the characterization act
paesel repeating the good, old free
coinage act of Lycurgus, the friend of
our ancestors daddies. To-day China
is the only country ON earth honest
enough to coin iron. and there the
| happy laborer can carry home the
wages of his honest toll in wheelbar-
row. (Atlanta Constitution.
ruinous fall ID prices followed
the demonetization of iron and has con-
tinued for upward of 1000 years. l
ndNo CdlCuluttu tue iUSSeS BDIaileu
upon the honest people Of this world
by that ruthless act but the figures
are SO enormous fear revolution will
ensue IL the people learn how greatly
thoy have been robbed. But facts are
facts, and the best way to right a
wrong is to meet il sauarely. THAT
loss is sal, 0o0, 600, 600, 600. 600, 900, 600,
| GOV, 600, 000 ('Coin's Financial
School,. y ..
In conclusion I insist that the free
| coinage of pig-iron will do everything
that is claimed for silver and infinitely
more. The people will be rich and
prosperous. The once poor man can
pay his debts with his old stove. Rail
roads can declare dividends on old rails
and worn-out rolling stock. The small
boy Gao pick up old nails and horse
shoes enough to support his family.
In fine, poverty and debt can no
longer exist"