Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-09-14
lar regard. the other depreciating.

uiar regard, the other depreciating. II
some portion of TIA Decline in price Of s,l
ton. some part Wsy aGso be properly at.
tributed to the 4ppreStlsion Of gold. II
now silver be rest2rcd,dp its full use as a
the process will be reversed by the inherent
force of the law lof supply and demand.
The demand for silver being thereby en-,
again necessarily approximate each other
in purchasing power, though 1t is not In
the least probable tha9t silver at 10 t" !
win be at par WITH gold during the present
Il might reach THIS pbipt If the supply Of
silver could in the same way be restricted,
but when the STIMULUS Of free silver law
is applied to silver mining and the whole
world invited to contribute 10 our store Of
the white metal, # is only most enthu,
with an untamed Imagination, that could
believe that the parity Of the two metals
can be restored. The resultant of the op-
GRAFTON OF all the laws recognized as appli-
cable In the premises will undoubtedly be
a difference, larger or smaller, In their val
ue. That is, gold would necessarily go to a
premium. the amount Of which no man is
wise enough to determine 1t is the veriest
1oiiy Tor any one to deny this, or to de-
claim against these conclusions, unless he
can adduce valid reasons for supposing
that the operations of these universal laws
Will be suspended in the interest Of free
silver. and at the behest of its promoters
Mrs. Partingtons broom, though she was
desperately earnest In its use, and was res
dilute In proclaiming that old ocean would
never again go to premium In relation to
the shore, though she had seen 1t rise IN
der the influence Of that law times without
number.
Gold to Go to n Premium.
The fact that gold will go to a premium
under free silver law is universally ad-
mitted on the one hand by those who
maintain that all gold will be driven from
the country or boarded, which means that
II required. 1t can be had only by purchase
at more than par in silver and, on the
other. by those who advocate free silver on
the ground that 1t will introduce an era of
Cheap money'-that is, cheap in COMPARE
son with our present money, which is gold
or It's equivalent. 1t cannot be cheap un-
less gold Is dear, unless 1t requires more
than coined silver dollar to purchase a
gold dollar. or 23.22 grains of pure gold.
which Is gold at premium" The logical
ana necessary consequence of this would
De the inauguration of silver monomet-
allism the descent of the nation to a "s;l.
yer basis" Whether, on the whole, this
would prove a blessing or a curse is not Vet
manifest. and can be determined only by
results, probably neither in unmixed meas
ure. Cheap money is usually not a very
safe thing with which to deal, either for a
nation or Tor an individual. If some ad-
vantage Is to be gained by its use, there
nkely to prove boomerang. If issued, il
VIII certainly return, and that probably to
the injury OF the hand that sent 1t on its
mission. 10 great multitude of people
the words cheap money are dulcet words
ana nave charming sound. One has but
10 observe what an effect some fiaring ad-
Vert1sement of Cheap goods" has in gath
ering struggling crowd of men and wo-
men at place where great bargains are
TO be had to understand what a glamor
the words cheap money throw over this
whole question of free silver Under the
influences of the spell which they weave
great crowds will undoubtedly rush to the
polis IN November to vote themselves an
opportunity to secure Cheap money,"with-
OUT stopping moment to think that pos
siply cheap money may mean dearer goods:
mat lnasmuch as money is of no great use
except Tor purposes. of exchange, to cheap
en- II. that Is to take away from its value
is only to make 1t necessary to have more
OF 1t than before to purchase the same
amount of other things. The motives
winch actuate the great bargains or
cheap goods" crowd are not always the
nohlest; nor the object with which they
rush 10 the bargain counters the most
manly or commendable, but 1t cannot be
denied that the bargain counter" has
wonderful attraction to many Alas, how
often great bargains" have been found. In
the end, the most costly, and yet how diff
cult to deliver the deiuded victims from
thelr seductlons. Is it certain that CHEAP
money Will prove any more satisfactory?