The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-02-21


J Of the brilliant ex-congressman Of Ne
I braskA In . recent editorial II ascribe
60 Mr.. Bryan the following language:
Seventy millions Of people," say
Mr.. Bryan, with . country only par
TALLY developed. are equal 70 the task
by mere legislative enactment. Of doub
ling the value Of the 1900 millions o
silver and the Indefinite number o
thousand millions Of silver securi lite.
which exist In the world and Of the 2Jt
millions Of silver which annually come:
from the mines."
Having quoted him. the editor adds
Those are not the enact words which
he uses
Well. We should say noS II the quid.
nunc who wrote the Star editorial lives
long enough 70 ever hear Mr.. Bryan
use the language thus coo.ly placed in
his mouth. he will be 20 old that Me-
thusalah would BE- . sucking babe by
comparison.
OF the N.ooo 900 80 Of silver referred
10 By the Star editor. more than one
half 10 in European and American coin
Nearly every ounce Of this is now at
ranging from 1855 TO 1859. That 10 to
say. III value in the form Of coin is
from $l.3s y about sl.45 per ounce. in
gold
Does the Star editor seriously believe
that free coinage Of silver BY the United
States at the rsas Of 3l.2s pr ounce
involves the absurd necessity Of doub-
ling the value of this immense mass OF
silver, more than three fourths Of whic
n already coined at . higher valuation
than eur mint rate and all OF which
- u -! II 20, he must himself be
- simple - = sucking babe. As for
the coins q silver-using nations. their
cheapnens Is rather . matter OF book
keeping thaA Of actual transfers or
sabe& Bast Indian. Chinese and lap
ansss coins are net sold - bullion in
the European markets. The movement
q silver b toward thoss countries not
from them. In the settlement Of bal
ances between Europe and Asia. the
silver coins Of the latter are computed
u about 81 ceats an ounce. Why: Be-
EAnse silver builen can BE- bought in
The European maSkeS q that rate. But
bow much b there q saeh bullion. No
,ae knows sxaesly. but compared viii
the n. 900 ~ 90 In cein Il = Z Dere
Probably se.0oe 800 ounces
would cover the entire stock q silver
bullion in all the markets Of Europe
Ind America. Let the Rothsehilds pu&
'orth Q sudden demand for S,oOo. 100
ounces and up goss the price . cent Or
coats N ounce. and the commercial
'afe Of the rupee. the Mexican dollar
md the coins e AL purely silver-stAnd.
lrd countries rises pro ratA Woub1
aot demand" By the United StaAes
- Quite ~ potential as Z demand" By
'ome private banking house. Suppose
he United States should stand ready =
buy II AL At $1.2s. could Rothschilds
ret It for 81! Suppose. asaiA. thai the
United States says TO every holder Of
'ilver bullion. Bring II 70 the Ameri.
IAN mint, have It coined at Sl.2S pei
ounce. and throughout the vast ex-
'anse a the American republic it shall
- money II that ra<e--available for
he payment Of debts and for the pur-
chase Of commodities and property"
Gould Rothschilds buy 1t for 81! Who
you'd Be fsol enough 70 sell Ii to him
o. that price? Woald the Star edttor?
Would people who have remittances
o make TO India er China stop buying
liver merely because our mint - open!
lev else wssld they pay their asbss
. those countries? They would have
o buy silver just - they DO now, bat
instead Of getting II It Sic. they vovlA
ave to pay Il. -. and thus help a. sus-
ain our mint ratio.
The moment silver bullion reaches
L. = the commercial rate Of the Mexi- |
IN dcllar IL par. Does not the editor
4 the STAR know that! Does be i'm
'gine that 10 order to raise the cemner-
ial value Of the Mexican dollar and the
'otus Of other silver using countries,
ve must 60 into those countries and buy
- the whole mass! The idea Is ride
llous. The United States would only
ave to stand ready to take and coin
he surpluA
We have none Of Mr.. Bryan's recent
peerhes before US. but will wager q
maIl-sised pumpkin against the head
II the Star editor. that Mr.. Bryan's
tatenent was In substa nce simply thal
he United States could coin. absorb
md use the surplus Of silver remain
ne after the wants Of other countries
I'D been supplied. and hold II 4 . par
" with gold n Is tol. Thus ve would
x the price q the surplus. and Il 10 IN
lemsntary principle Of political econ
my that the price Of the surplus Of
'nything coatrols the price Of the
hole
When the Star editor learns that the
urpsus stock Of bullion 10 the disturb
ng element, and that when We take
ARE 81 that surplus, silver coin every /
'here will once more become standard
sOusy. - will have MADE . very en-
ouraging advance In knowledge OF
be subject. He will then know that
. cannot dispose u . grsat economic
session By falsely ascribing such drivsl
= nPvaa and thA- ~~ssx--