Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-08-18


we are not asking that q new experiment
e 2 financial policy approved BY the hs'e es.
perlence OF history and supported by all
the prominent statesmen Of our notion
f e 1s7a the days of the first president down
When we ask that our mints be opened to
the free and unlimited coinage Of sNver
INTO full legal tender money We are simply
corded to silver that are now Vy acscorded to
e2ld When We ask that this coinage be
silver. dollar-which. be 1t remembered,
contains the same amount Of pure silver
the a s tker d ppesant eo Weh Ct
flheness.
The theoretical advantage. Of the BIZ
metallic system is best stated by a Euro
pean writer on political economy, who
suggests the following illustrations: "A river
fed from two sources Is more uniform In
ous oan 1ye h aed Mbsn
feeders ia swollen the other may be low;
whereas, river which has but one feeder
the case ss 81 81 Elm the Voiume n
metallic money receives contributions from
both the gold mines and the silver mines,
resting upon two metals is less sc eh a
pble In its purchasing power than the dol
lar which rests on one metal only.
Actual Necessity for Bimetallism.
There is an actual necessity for bimetal-
ieai defenss Of It. During the last e years
amsnS Sas for rss oa sHa this ns p
6sasi i q IS $Sq ns sS
e 4 bE ~ asmonstiss s q silver 3
laws and not by redemption in gold, be-
cause the standard silver dollars are not
adndnistratiye policy. We contend that
States alone will raise tho bullion value Of
silver bullion worth s1.2s per ounce in 'i gold
throughout the world.
International BImetallism.
Mr.. Bryan devoted much attention to the
subject OF international bimetallism. In
ternational bimetallists, he said, believe
that several nations by entering into an
agreement to coin at a fixed ratio all the
the bullion value Of the metals at the mint
ratio. When a mint price is thus estab-
lished It regulates, the bullion price, be-
the bullion converted into coin at that
price, and any person desiring bullion can
secure 1t by melting the coin. The only
allists and Independent bimetallists differ
is: Can the United States by the free and
unlimited coinage Of silver at the present
which, taken In connection with the de-
nand already in existence, will be suffi-
Client to utilize all the silver that will be
thetr defense, Of the metallic principle and
they agree in unalterable opposition to
allists cannot complain that free coinage
gives benefit to the mine owner, because
international intern nal bimetalism gives to the
BY Independent bimetallism at the same ne
ratio. International bimetallists cannot ac-
Suse the advocates, of free silver of being
value of their bullion;" or debtors who
desire to pay their debts in cheap dollars"
or or ddemSagogues who -, desire to curry favor
opposition upon, one ground only, namely:
That the supply of silver available for
In discussing this question we must con-
slider the capacity Of our people to use sill
yer and the quantity of silver which can
that we live in country only partially de-
yeloped. and that our people far surpass
any equal number of people in the world in
extensive railroad development and epor-
i nous internal commerce must be taken
OF the world. because almost all of 1t is more
valuable at this time IN other lands thaniit
VIII be ct our minis under free coinage
chandise silver cannot come here, because
the labor applied to it is worth morelin the
at our mints. We cannot expect any Of the
annual product Of silver, because india,
CHINA, Japan. Mexico and all other silver
using countries must satisfy their annual
needs from the annual product: the arts
will require large amount, and the gold
standard countries will need considerable
tor to eon on tRat Ewhoh y be
peeded elsewhere; but II we stand ready
to take * and utilize all Of it other nations
We tlx. IN Many fer that the opening Of our our
mints VIII be followed by an enormous In
Ths Is IN hs anne Ser as Of s
during ali of that time the world has never Yer
suffered from an over-production.
Coinage Requirements Under Silver.
We will be required to coin only that
which is not.needed elsewhere; but. ii We
stand ready to take and utilize all Of it.,
other nations, will be compelled to buy at
the price WHICH We fix. Many fear that
by an enormous increase in the annual
production OF silver. This is conjecture
silver has been used as money for thou
the world has never suffered from any
overproduction. If, for any reason, the
supply Of gold or silver in the future ever
exceeds the requirements Of the arts and
hope that the Intelligence we Of tRe seops
VIII be sufficient to devise and enact any
legislation necessary for the protection OF
the public.
It is folly, to refuse to the people the
money which they now need for fear they
may hereafter have more than they need.
am firmly convinced that by opening our
present ratio we can create demand for
ssiiXe rn which will keep the price Of silver
sold.
In the value Of silver when measured by
gold to the fact that during the last quarter
Of engry the woaS Of silver
ns by the fact that during t the last
@ onaa appdy san the III
nual production Of silver.
Our opponents cannot ignore the fact
legislation intended to prevent it, and nc nc
silver Is being coined to take Its place. Not
only is gold going abroad now, but it must
emit financial policy is adhered to- unless IS We
continue to borrow from across the ocean
and even then we simply postpone the evil
because the amount borrowed together
with the interest upon it. must be repaid
In appreciated dollars
Not Advocating Fifty-Cent Dollars.
Following in an earnest argument favor.
Bryan said: Perhaps the most persistent en-
Misrepresentation that We have to meet Is
the charge that we are advocating the pay.
ment Of debts in 5o,cent dollars. At the
present time and under present laws a oil
yer dollar, when melted, loses nearly hall
its value. but that will not be true wher
we again establish mint price for silver
and leave no surplus silver upon the ma r.
ket to drag down the price Of bullion. Tn.
der bimetallism silver bullion will be wortf
as much as silver coin, just as gold bullion
is now worth as much as gold coin. and we
believe that silver dollar will be worth az
much as gold dollar.
Those who deQy tlesability of the United
States to maintain the parity between GOLD
and silver at the present legal ratio with
out foreign aid, point to Mexico, and asser
that the opening Of our mints will reduce