Birmingham state herald., 1896-05-24

union of Italy, Switzerland, Belgium and Greece to follow; also Holland in 1875 Russia in 1876, Austr!a-Hungary in 1879 Roumania in 1892 and India in 1893.
 6. Because, having led in the war on sill yer, resulting in it's characterization by all of the great nations of the world, and the consequent distress of the entire com- merce and prosperity of the leading na' tons of the world, it is the duty of the United States to reverse her policy and lead the way by opening her hints to the free coinage of silver
 '. Because the official tables of the worlds supply of gold and silver for 103 years, beginning in 1792 and ending In 1894, show that the worlds production of gold exceeded that of silver by $50O0O0,- 900, the worlds production of gold during that period being $6, GOT, ,254, 900, while that of silver was $5, ,5O1 ,O75, 900 leach at coinage value), thus showing that we have no oversupply of either metal; but on the other hand should coin each metal on equal terms in order to obtain an ade- quate supply of redemption money.
 8. Because in the language of Senator Pugh, flor free silver coinage will arm the United States with silver as reserve for home use in developing our resources and supporting our industries and make us invincible in any contest with foreign nations for our share of the gold of the world" Further, 'It is against common sense ana pldln natural law to say Una | if we are aided by silver money for home uses we are not thereby made stronger in our contention with other nations who have smaller supply of silver to help them in the fight for an equal share of the worlds limited and insufficient and decreasing supply of gold" while the worlds supply of gold available for coin age purposes does not exceed the amount necessary to annually increase the cir culating medium of the United States, in order to keep pace with our increasing population and commerce.
 9. Because the gold supply for all the nations of the globe is only $3,600, 900, 900, which is entirely inadequate, especially as Great Britain's holdings of invest ments outside of Great Britain Is $10, ,000,- 0000,000, nearly half of which is in the United States, which condition leaves the gold of the United States liable to be cor nered at any time, as evidenced by the exportation from this country within the last three months of $49,000,000 of gold $11, 1,500000 going out within fifteen days and $140,000,000 since July, 1895.
 10. Because statistics for 1890 Qater re- ports will increase these figures as to the proportion of the United States) show that the worlds banking power was $16,- 000,000000, of which amount the United States possessed $5, 151, 100000, or 32 per cent of the whole, % per cent of the value
  more than 31 per cent of the worlds man. ufactured products, A per cent of the worlds mileage of railroads, and 26,732 miles more than the whole of Europe combined, three-quarters as much rail- road tonnage as that of all Europe, and 30 per cent of the worlds mileage on riv- CTS and channels.
 This condensed and only partial review of the resources of the United States and of their capacity to create business, pro duce, exchange and consume products, gives some idea of our ability to fix values, absorb money and to maintain at parity all the gold and silver that may be presented to us for coinage. It also illustrates the absurdity of the attempt to make all our money, including silver, redeemable or receivable into gold, thus causing gold to go to a premium over itself, and as a result causing a national, as well as a world wide, depression. In- stead of a contracted, poverty producing international gold dollar, give us the American dollar that will be worth 100 cents at home, and, per force of our pa- triotism, resources, integrity and com mercial strength, will be worth the same the world over.
 EUGENE l.. BROWN.