Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1896-09-11
PERKINS ON SILVER,
The Only Eli Tells the Hollow
Tale of Free
Silver.
He SIZES UP THE SITUATION,
Good Reasons Advanced for BEING
on the Side of
Gold.

care you in favor of both silver and
gold?" asked Populist of Eli Perkins.
"Certainly," said Eli, "evcry civilized
nation uses the two mctals-gold and
silver-but the United States is the only
nation that has coined as much silver
as gold. We have been rank bimetal-
lists. We have stood by silver too long.
We have coined S625.3OO.OOO worth of
silver and $G26, 600, 600 worth of gold.'
What have the other great nations
coined y asked the Populist.
why; they have, coined less than half
as much as we have. England 1.-THE
United kingdoml has coined and has on
hand Sll2.0O0.OOO worth of silver and
100000 i'll silver and $S25 oOO. 600 in
gold; Germany has only $215. 100000 in
silver and S625. .OOO.O in gold: Russia
100000 in gold"
silver sn s Mf @ hays te% Sess 1ssethsq ssH as much
with population of $40, 600 600 people, people,
have on hand SS7G.O0O.OOO in silver,
while we, with G9.OOO,OOO people, have
$G25:OOOOoO in silver"
"Where is our silver now?" asked the
"Why s5os,ooo.ooo lies piled up in
the treasury. 1t is rusting in the vaults.
paving no interest," and dropping, in
value. Carlisle. is begging the people to
S56.oooOoO in circulation. The people
won't have it. They sling it back to
the banks. and then the free silver men
jump up and cry, We want more silver!'
fnr ffney ys,say say nis Iis poor people are dying
And how much of our gold is in cir.
culation!"
"Why. every solitary dollar-SG2G.oo
GOO % worth H"r hoo Of it. The banks only hold
"You don't say the nation has no gold
soo% NO ,os gold I'd of our own. We borrowed
$ooo.o00,OOO from few Americans at
per cent. and spent that running the
EonGrnmsntm''na Fov; ,'o,, I'd we've got to pay it
100000 more from the Rothschilds and
people We're crying for it at 3 per cent,
and that we've, got to return in gold.
has o ten you ths Sob n"msst nnG truth this nation
rowed gold in the treasury. 1t isn't
ours, 1t is borrowed to prevent run
on the treasury. with S1OO,OOO.OOO in
gold due the people besides. oh. if we
sds sad 9 no1Sht int gold when we coined that
idle in the treasury. as England. France,
Germany and Russia did, we would be
on on top today. We wouldn't be the
laughing stock of Europe then"
Did i.;l,;l ENGLAND and the other nations
list.
"Of course they did. They rang the
hell and put out the red light against
silver years. ago. Since 1890 England
mas coined Sl46.0OO,0OO in gold and only
$13.oo0Oo0 in gold and not cent of sill
yer. and Germany has coined $49.OOO,-
600 in gold and only S4,5OO.OOO in silver.
They have been hugging the shore, while
our miners and populists have piloted us
into deep water"
How much silver is there for eoch
person in the hg nations?"
We We have 50 in silver for each person
in this country, hut the people only take
20 cents. They kick SIS back into the
treasury. England has $2.SS per person,
germany 80 mas S4.3o and France S12. but
" of it lies idle and all silver coinage is
out A"ns'
Some nations have free coinage" sup.
gested the Populist
t;on, G,er'Inly-and :rha;. n look at their ccndi-
dollar is sill worth 1oo cents "i in slaSeF rold
anywhere on earth: But in the free coin.
age nations. like Mexico. japan. China
and India. where free coinage has hank.
rupted those nations their dollars are
Worth 80 cents. They have no gold.
80 again" "- Wv
CHINA has no gold at all you say?"
None at all. China has $3.50, GOO. 600
worth of 5O-ccnt silver. but no gold.
lnd,a has S15O0Oo.o0O in silver, and no
gold; Spain. wrecked by too free coin.
and $40.OOO,OOO in gold, and Nexico t,e .
$59W0OO0 in silver and $5,O0O,OOO In
How much money to the person cir
co!ates IN those free coinage countries pn
asked the Populist.
''China has S3.26, while 4he I1ni+od'
states has $50; Mexico has S5: India
$s.3S; and Japan 81. Tk;s is poverty % for
thsss9" swee suffers from free coinage
Everyone. Every man has lost half
big wealth; \ man in Japan. Mexico.
China or India who was worth S1O0o
5nif1y y wears ago is worth $500 today.
Inc pay of the laborer has not been
day in China. Japan or India really
,,. When n went to China" continued
fdr Mr. sre srreerkins. eR my letter of credit called
dof rot $Soso oso IN @ Ameriean an dollars. When
IN Mexican or japanese dollars. Nav
who has ever lost anything by the Amer.
ican dollar? No, man. II is az % rnod
Us gold. Our good government has nut
break the eamers back. It Would Ha bs;na
us 70 the level Of Mexico and India.
"What would be the first result Of
free coinage?" VI
Gan gold would hide away. Then ~.
worth of commercial silyer and seli;"v
enough to make dollar for so cents cents.
want their silver coined like our Coined
silver, 16 to 1. and handed back to them them
With the government paying double
value for silver expectation wouid cease
and the government would pay the min.
ers $60,0OO,OOO for what they are
nov ceiling for $4OO0O.OOO. Then
the output would increase. We
mined So. 100000 worth of silver
in 1892. In 1896 we would mine
500 COCO with the price dom
bled, We wsuld have to .aks it and
=