The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1896-10-01
SOME REASONS WHY.

What reasons have the friends OF silver
for believing that the tree and unlimited
coinage OF silver and gold at the ratio OF
l6 to would restore the parity Of silver ?
Some Of the reasons are given below:
/. During the so years Of our history.
and down to the act demonetizing silver
in 1872, the gold dollar and the silver
dollar were equal in their purchasing and
debt-paying power everywhere in the
United States.
2. There had been no abnormal pro-
duction of either metal to destroy or i'm
pair the money functions OF silver.
8. The demand for the precious metals
In the arts and manufactures is limited /,
while their demand for money use 10 I'M.
limited. There is no probability Of glut-
ting the market by an overproduction Of
money.
4. There never was in the worlds bis
tory any nation that had too large vol
ume OF actual money.
5. The constitution Of the United
States in effect declares that money shall
consist OF both gold and silver, and
clothes congress with the power and i'm
poses upon it the duty OF determining
the reiative coinage value Of the two
metals.
@. The free and unlimited coinage Of
both metals at the prescribed ratio neces-
sarily brings bullion value and coinage to
q parity with each other.
Z. When the commercial and coinage
value are the same in the United States
no foreign nation could purchase dol
lars worth Of gold for 1t. England could
not continue the practice Of buying our
silver product at Fifty per cent. in gold
value, coin II into British Indian dollars
and buy Indian wheat with silver dollars
which cost but. fifty cents. This is the
way our American farmers have been
buncoed, and they seem to have enjoyed
1t by voting with the gold monometallist
s. When silver and gold are treated
alike at the American mints the gold
price Of silver bullion in the gold gamb-
ling dens OF London will no longer be
quoted 10 the daily metropolitan journals
on both sides OF the ocean because the
bullion and coinage price OF both metals
would be instantly the same.
o. When all other objections to the
free and unlimited coinage Of silver have
been fully and satisfactorily answered
the silly, weak, cowardly and un.Ameri.
can plea Is made that the United States
cannot accomplish the end without the
consent and cooperation Of other com
mercial nations with which we have to
trade. Il is an admitted fact that our do.
nestle trade is 30 per cent. of the whole
while our entire foreign trade 10 only
per cent. 1t is our privilege and duty ts
provide for the welfare and prosperity o.
the 96 per cent. We can and should
adopt an American system of finance and
let other governments take care Of them
selvs.
10. The friends Of silver demand tn,
full restoration of silver because with i
every debt due from the government, o.
owing to or by individuals or associates
may be honorably discharged with siivel
the same as gold.
IL. Gold is in the hands and controlled
by a few, while silver is the none,
of the people. II either gold o
silver is deprived of its money function
1t will be an invitation TO the credito
class TO get up corner on the one which
will be to their profit, and to the serious
Inconvenience and injury OF debtors ant
the producers OF wealth.
II. By adopting single standard, al
there il about an equal quantity Of silye
and gold money, the purchasing power o
the one retained is doubled. The holder
OF bonds. mortgages, perpetual leases
eunuities, salaried officers and all wh'
have fixed and certain incomes have al