The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-09-01
FLIMSY ARGUMENTS.
VIEWS OF THE AVERAGE EASTER
GOLD STANDARD MAN.
A Display of Ignorance That is Re
freshing-A Salt Lake Merchant
Ventures q Few Comments.

The Cloak and Suit Review is a
journal published in New York in the
interests of lines of trade indicated by
the title. 1t recently requested from
those of it's subscribers engaged in the
manufacturing business, an expression
of opinion regarding the effect that
silver free coinage law would have on
the country. Replies from two of them
published in a recent number, and Civ
en- herewith, convey very good idea
Of the understanding that the average
eastern gold standard man has OF the
equities of the financial question. Any
ordinary school boy in Utah over the
age Of fifteen, who could not annihilate
in argument any one that would offer
such insenSate opinions, would be con-
sidered a helpless case.
Rock Island, Ill, Aug. z, 1886.
G. H. Abbott Esq, The Cloak and
Suit Review, Is Aston Place, New
York:
Gentlemen-Replying to your favor
of Aug. l, we would say that we are in
favor of sound money.
We can't see how a person expects to
pay his debts at Soc on the dollar
when the commercial value would be
the same to everybody.
We think the results would be disas-
trous on trade until we know just
where the silver dollar stands.
We, or anybody else, cannot do bus
mess without confidence, as the Popu-
lists, who try to destroy.
Yours respectfully,
Young & McCombs.
Quincy, H., Aug. 5, 1896.
Mr.. G. H. Abbott, Editor:
Dear Sir-In answer to your request
.
the opening of our minis to the free
coinage of silver a suicidal act, bring
ing nothing but ruin and bankruptcy
to the many millions of our citizens.
Honest, sound money and protect
i've tariff will set the wheels of COM
merce in operation again and under
the same we will gradually get back
to the main road of prosperity.
We consider the outlook for the COM
ing fall season to be very poor, both
from political causes and from the low
prices of products.
Yours truly, F. NELKE & SONS.
Nelke & Sons evidence the best facul-
ty for displaying ignorance that it
has been our pleasure to discover. They
predict all manner of disaster should
free coinage of silver obtain when it is
obvious that they really know nothing
about free coinage-in fact could not
est, sound money, and could not, for
the life of them, explain what they
mean by it, while it is also evident
that they are not aware of the fact
that we are today living under a high
er protective tariff than had ever been
in existence up to the time of the pas
sage of the Mckinley bill. But it is
in the last paragraph of their letter
that they give themselves clean away,
rrrll.a 1ant Z
the outlook for the coming fall season
to be very poor from
the low prices of products
If these poor misguided people would
only study the question a little they
might be made to realize that the only
hope for high prices for products lies
in the restoration of silver to it's place
as money metal. Young & McCombs
do not commit themselves as rashly
as Nelke & Sons, although it is evil
dent that their ignorance of the ques-
ton is almost as pronounced. They are
in favor of "sound money" yet they
would advocate a. policy which aims to
make half of our money perpetually
unsound. They don't see how a person
expects to pay his debts at Soc on the
dollar; no debtor does expect to pay
what he owes and effect a settlement
at SOC. on the dollar, but all object to
the necessity at present imposed of
paying debts in dollars each of which
costs them two dollars of their pro
ducts to obtain There is no question
as to where the silver dollar would
stand under free coinage The value
of the metal would be just the same if
in coined dollar or in bullion form
all the world around, and it would not
be less than one dollar measured in
the products of the earth or the world S
wealth. created bv the labor and toiI
OF mankind. MERCHANT.
Sick headache and biliousness
nrnnantly nured hv the 11sa of nr q w