Middletown transcript., 1896-09-26
SALIENT SOUND MONEY FACTS.

are reading and thinking for themsel-
YES this campaign. That is right. If
every voter would cast an honest,
conscientious ballot there need be no
fear for the result, since under such
conditions the people would soon set
right any mistake they might make.
1t is matter for general congratrla-
tions that in this canvass the voters
are doing more independent thinking.
Under the above caption the "Record"
of Tuesday gives thirty-seven facts
which are all more or less interesting.
Thev are:
l. The suspension of free silver COIN
age by the act Of 1S73did not demonetize
silver. From the foundation Of the
Government up to 1878 less than
$3.50, 100000 silver Of all kinds had
been coined, and none of it was in
circulation, silver being at a premium
over gold. Paper money, backed by
gold, was the circu lating medium in
1873.
2. Since 1873 more than 5000 ,0OO, 900
in silver coin and silver notes have
been issued. .and practically all of it is in
use.
3. Existing hard times date fro m
1898, when the enormous purchases of
silver by the Government caused Euro
pean holders Of American securities
(for which they paid gold) to sell them
through fear that the United States
would go upon silver basis, in which
case they would get for their securities
ifty-three cents worth of silver for
every dollar in gold invested.
4. The term 's16 to /" means that
sixteen ounces of silver, worth the
world over but sixty-fve cents an
ounce, or $10.40 for sixteen ounces,
shall be the equal of one ounce of gold,
worth everywhere $3.50.
5. The silver in a United States
standard dollar is now worth about
fifty and one-quarter cents in gold.
6. The metal in gold dollar, coined
or uncoined, is worth everywhere 100
cents in gold.
Z. Up to 1873 the United States
Government had coined only So, OBJ ,23S
standard silver dollars.
8. Since 1873 the United States has
coined S431, 1852. .041 standard silver
dollars. Nevertheless, the commercial
value Of the bullion in the standard
dollar has decreased from about $1.O1
in '73 to about fifty-one cents. This
answers Bryan's argument that the
increased use of silver will enhance it's
value.
8. During the first eight months of
'96 the Government of the United
States coined II, ,212, ,412 standard silver
Enthusiastically $751; .174 more than
it had coined from the foundation Of
the Government down to '73.
10. In August '95, the Government
of the United States coined 1850, 900
standard silver dollars. The seignior-
age on these, or, more plainly speaking.
the difference between their bullion
and face value, is s822,02 This,
under free coinage, would be the mine
owners profit.
IL. From the foundation of the
Government up to '73 the coming value
of all the silver produced in the United
States was Sf54, $50, 900.
IL. From 1873 to '96 the coming
value Of all the silver produced in the
United States was 81, PA, ,751 900.
13. The foregoing figures shows that
during the twenty-five years from '73
to '95 the silver produced in the United
States exceeded twelve times over the
product of the United States for the
eighty-one years from 1892 to 1873.
This explains why silver has declined
in value. It likewise crushes the Bryan
theory that nothing has been done FIR
silver.
IA. In 1873 the total amount Of
money in the United States was $751;.
SOC, 1893, orabout SIS for each inhabi-
tant.
Is. In 1896 the total amount Of |
money in the United States is, 2,2O0,-
LOG, ,eC6, or about $25 for each inhabi-
ant.
16. On August l. '96 the actual
mount Of money in circulation was
!. .514 ,903. .l42, or $2l.1o for each inha-
,itant.
II. On August 1, '96, there was, in
'luding silver NOTES, total silver cir
ulation Of $537, ,26S, ,56l.
Is. Under tho act Of July IA, 1890