The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-08-07
FIFTY CENTS WORTH OF SILVER.
A Conclusive Answer TO an Oft Repeated
Piece of Coldbug Claptrap.

A Conclusive Answer TO an Oft Repeated
Piece OF Goidbug Claptrap.
A common charge Of the oasterr
money combination, and one booked fol
active service in the coming campaign
says The Rocky Mountain News, is that
free coinage people want the govern
ment to take 90 cents worth of silver
and issue it from tho mint us worth l0(
cents. This charge was specifically
made by tho last member of Mr.. Clevo
lands cabinet who took his turn tC
pleed for the money changers Of Wal
street.
The absurd charge could not be hon
estly made by any one acquainted witt
financial history. 1t entirely ignores tho
effect on the commercial value of silver
by tho adoption of bimetallism by tho
greatest and wealthiest nation on earth.
Yet some Of the highest financial 0u.
thorities, and European ut that have
declared their conviction that open
mints for gold and silver i'll the United
States would result in raising the com.
mercial price of silver to its mintagC
value. This view is sustained by tho OK.
ample of France, which kept silver at
1919 to of gold in Europe for nearly
threc-quartcrs Of this century despite
the hostility Of England and tho varia-
BILE financial legislation of other Euro
pean powers.
Twenty three years ago tho influence
Of the United States in the monetary
affairs Of the world was so distinctly
recognized by the conspirators against
silver that they made this the first bat
tleground. and by stealth won victory
that prociritatcd hostile silver legisla-
tion abroad. Today the United States is
immensely greater relatively and moro
influential than it was then, yet we are
told that the institution Of bimotallism,
buttressod by the authority and re-
sources of this great republic, would
have no effect ON the commercial value
of silver.
At the time the knavery was wrought
by which silver was demonetized silver
bullion was at premium over gold. 1t
fell In the market solely because of leg
islative discrimination, and its normal
value can be restored by just legal en-
actmont 1t is meet that tho nation
which was surreptitiously used to lead
in silvers overthrow should be the first
to pave the way for u just equilibrium
between the monetary and industrial
affairs of the world.
A return to the free coinage of both
metals-as sure to como as the earth to
revolvo on its axis-will not long test
merely the influence Of the United
States in finance 1t is indisputable
that England alone stands III tho way of
o declaration for bimctallism by the
leading nations Of Europe. Independent
action by the United States will break
the spell by which the money power of
London has long dictated European
financial affairs.
With tho abrogation Of a measure Of
value that slowly but incXorably con-
tinues to depreciato the value Of every
thing but itself, silver bullion will com
mand it's mintage prices in the worlds
marts- Even now we have nearly $780,
900, 900 Of. silver in circulation, either
in coin or its representative. Yet the
stamp Of the United States makes it
equal with gold, dollar for dollar. With
tho restoration of its historic and con-
right, tho immeasurable re-
sources Of our country in behalf of sill
yer will be re-enforced by restoration
Of its legitimate mintage demand, the
Of which by money pirates
is alone answcrable for the divergence
in tho relative value of the money
metals.