Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1896-04-09


Of HATias Two Dollars Of Das<r.zs Val.
-es-Eplis of 4 silver EA<Es
II Il std-e.., delivered :. Bsr v.e-T.
M.ch-. Seua.o- B1-ozz =: N:chizzn
vigorously cp-rses1 rhe tree c71:naze tal.
lzcg and -raed czr --eee-, A-znci..
s!zEela- Atter retrieving cz- -noze.a-y
Iezislzsioz IL said:
Il L 1-z- p-zce the .tee srd IL
Limited c7,iDas@ = silver 81 !: 20 :.
Ee1ld II Z? .1do1ea- szEe. t-o-n CT
e-rcz-zt.--. r9cs CZly C1y el-.-e Tc.-rce =
gid, b1t eve-y dollar n rarer r1tney
rsf1eeEaale Il gold, All = 1.e = cc-t-zSc-
tica = t-e c1--szcy and q .esu.-ao,
Fsz-2ic The Ike Il wk:ch hes u. teea
ses8 n tais ye-.e-z'!c.-
TaIz wsrd fEIig-T - IL. inev.rat.e
Tesul- X tlar Izw II rn11e-z-T --iersce
wazcn rTGe-s Two r-c-ey. are i.szefi Q.
CBefg-s. valve TIE chearsE vii. a.=aTs
eIpel IRE deare- frcza circzls.:ou. /.
ce-rs-al! Izsd= 10 z-arueu. % de-acn-
stEa'e ~ rE1th II TIE r-1-fsiti1n INA.
Il .wD dolizr. a-e iszzsd. re wo--h 30
cents and the o:he- TO cents. the 30
eeDt dollar VIII II tas cE!y do.,z- II
c.Ecrlz.ioZ AMI tie 10 cent dc.Izr viii
IL hoa-deed ~ tie tank= AID individuals
Unit. the wAG,e voIcn-e Il zzca c-rency
entirely di.appea-z. This law is q uni
versal application and has lis oriz!u in
human nature itseH 10 debtlr owins
800 void discharge tina. indebtedness
IN the u1c-e valuable # s-Eo uoneyz- Re
rEc1id gureiy make Use O: the cheaper
and retain the dsere-. Twas the knoTrI-
edge Il this lAw that guided the fathe,s
IN fixing the ratio in the beginning al
u to j.
They kne~ that d1IiarE # unequal
Commercial value could not be made 20
circulate Permanently side by side, and
81, having ascerta.ued tia. 241: grains
Il p1re gold were # equal value with
37l34 graiEs II prre silver, they pro
vited for the csJ.nage RI the4e two rne.-
als INFO dollars IL tae ratior. Of II u
But the Truth q: this pr.rciple n. been
ts-,-c.-z-ratad over and over again even
il cUr cEn la;s-C-v. The gold and si.vel
co.I= i.suel at the ratio # - 90 u
de- the at II 1892 shortly bes;arae 81
unequal clInmercial val1e, the bulIion
than The bullion 10 the silve. dollar
The silver dollar tecame cheaper than
tLe gold dollar. and the Consequence
yes that silver alone circulated and
gid gradually DISAPPEARED. Indeed,
and tor the same reason, the coinage q
gold declined, for the z4ti grains Of
pure gid provided for il the gold dol
-zr gre wOrth Mcre uncoiDed than
yhei. co.ned, and tn=7s.ore lis coinage
naturally ceased, and silver bullion
a.cl.e fund liz way u the uintz IF the
United states.
IL remains only to he inquired VIVA;
-reEl IL the probable effec; II adopting
tie s..~er dollar If 37I1z grains a. our
siag.e standard Of value. The first and
roet I,a,eng result, az already noticed,
wouid IL to drive from cur circulation
every other dcllAr # superior value,
whether # coin n paper. Our $780,
900, 800 RI gold, constituting oue-third
If the entire volume ii our rnoney,
wouh he quickly eliminated from our
circulation by heirg bearded u gen.
abroad, followed by the retirement Ct
our ss00, 500, go If paper currency re-
>'~--S@Sr-f> az my H-DAL'~-A@S a I'LL ~
tion IT the currency, unexanpled in cur
history, Of over $1,000, 900, 900, 70 be
followed by a financial convul.ion IN.
precedented in modern times. It will
not do u say that with free and unlim-
tied coinage this vacuum would be
quickly supplied, for it would require
q years, with the present capacity Of
ouI mints, To replace this vast volume
Ct currency with silver.
This Consideration alone ought to be
sufficient to deter Us from venturing
upcn such hazardous policy. More
than this. The silver dollar of 37I%
grains produced under free coinage and
not maintained at a parity with the gold
d1llar, az it surely would not be, would,
a. we have seen, at once sink to the level
of its bullion value and be worth only
about 80 cents. Every deposition in saw
ings, national and state banks, the hold
ers # policies in life, fire and all other
insurance companies, Investments in
ban and building associations, represent
Cd By great tDdy If people numbering
more than 20, 900, 600, would be forced
n receive in return for their deposits,
o32tA i&'TSb0}CutS q u
only one-half the value VI that with
which they parted, to the enormous and
incalculable advantage Of these great
corporations. Suppose an importer Of
foreign goods should become indebted to
the government II the United States in
the Gum If 10000 for customs dues,
what would prevent him from purchas-
ing IS, 900 II silver bullion and under
free coinage converting it into 10000
silver dollars, and with these liquidate
the Indebtedness 10 the government
Every pensioner would find his neager
stipend lessened onehalf, and many Of
them would be reduced to beggary. Not
only this. but all the recipients Of fixed
salaries, every clerk, teacher railway
employee and receiver Of stated in
come would be forced to take money
which in procuring the necessities Of
life for himself and family would pos
cess only one half Of its former purchas-
ing power, for it must be remembered
the price OF everything would advance
al the value Of our money declined.
Bot it would be an endless task TO at
tempt to catalogue the disaster which
scch step would be sure to entail"
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