Peninsula enterprise. [volume] (Accomac, Va.) 1881-1965, 1896-05-23
. ..rree anu Unlimited Coinage" cai-

What is the noblest work of God?
Ans:-An honest man.
What is the noblest work of man?
An honest dollar.
If you lend man a 100 cent dollar,
do you want to be paid in Il money
that by q free coinage law would buy
only 80 cents worth of goods?
If as claimed by silver men, we
want an abundance of money, and
that free coinage of silver will give
it to us, why stop at coming silver?
Why not go ahead and have plenty
of money by including copper as
well? That was the money of our
fathers, rs well as silver If the guam
tity is what they want without re
gard to value, then let us dilute our
money as Il man does his grog; let us
water-log ourselves with it even if it
don't make us feel any livelier
How much money is there in the
United States to-dayper head? About
S25 for each man, woman and child
in the country.
Has any other country on the earth
as much money per head as we have?
Only one, that is France.
Then why are times so hard, and
money SO scarce? Because that which
we have does not circulate.
How can we get it to circulate?
How can we get it out Of its hiding
place. How can we get it to work,
building railroads, running factories,
mills, stores, steamboats,, and in trade
generally? Not by constantly threat
ening the passage of free and un-
limited silver coinage law certainly;
which for the last two years and
longer has helped to paralyze indus
try of every SORT, and to brighten
capitalists all over the country. In
consequence of which everything is
at standstlll almost throughout
the land.
What we need now to start money
moving, is Il restoration OF confidence
on the part of the money men. that
when they lend a good dollar, that
they will get back good dollar, and
not be paid off in base and depre-
ciated money. Capitalists are very
timid, and rather than risk the loss
of Il portion of their money in this
way. they will keep it in their peck
cts and lose the interest There are
millions locked up all over the land
TO day through diStrust of the pre-
carious financial situation. Let these
men understand that their money
will be safe, and that they will, when
they let 1t go, have it returned to
them in money of equal value, and
you will see old stockings emptied,
money safes opened and bank vaults
depleted of their treasure every
where, to any good borrower to build
factories, mills, railroads, &C., so that
labor, idle for long years, may find
employment.
What is meant by free and unlim-
tied coinage of silver? 1t means that
any one owning silver in any shape,
and whether American or foreign,
can take it to the mint and have il
mad into dollars without cost.
What is the metal in Il silver dollar
now worth? About 50 cents.
| What is the metal in Il gold dollar
now worth? One hundred cents.
How does the coming of 50 cents
worth of silver by the Government
make it pass for dollar? Because
the Government puts its stamp on it,
which acts on the value of the silver,
like the name Of Il good and rich man
which is placed as security on Il
worthless mans bond.
In what other way does the Gov.
eminent make these 50 cent dollars
pass for Il dollar? By accepting them
in payment of all debts due the Gov
eminent, and by practically giving
you a gold dollar for one of these sill
Yer dollars, if You wish it.
How is the Government able TO dc
this: BY accommodating vast re
serve fund of 800, 000, 900 or more il
gold, the possession of which en-.
ables it TO stand ready TO make good
rs gold any money having the Gov.
ernment stamp on it. The Govern.
Inent will be always able TO do this
perhaps so long as the law stands as
it now is. Under Il free coinage law
the Government couldn't get gold
enough to do this.
Who will the free and unlimited
coinage Of silver mostly benefit? The
mine owners and property owners OF
the West.
How will it benefit them greater
than any other people? BY enabling
them TO have 80 cents worth OF THEN
silver stamped as 100 cent dollar By
the Government, and by the en-
hancement of the value of their
other property in the vicinity OF
these mines.
Will it materially benefit the farm
ers OF the country generally? No,
because the price of nearly all OF our
agricultural products is regulated in
European markets. Free coinage here
can't affect those markets, therefore
the farmer can buy no more with the
proceeds of his sales than he now can
buy.
Why are wheat, corn, cotton and
farm products now so low? Because
Of the immense quantities produced
now in other countries rs we'll as i'll
our own. Some years ago when prices
we're good, we furnished Europe with
nearly all Of the cotton, wheat, corn,
meat, &C., that her people bought
now vast quantities of all of these
products are furnished by Russia,
Australia, South America, Egypt,
and India. Labor in most all Of these
countries is so low, and the land is SC
| rich, that these articles can be grown
with profit, with much less cost than
most of our people can possibly raise
them.
What other cause operates to de-
press our western farmers especially;
The existing high tariff, which makes
them pay nearly double the cost OF
production of nearly every manufac-
tured article which they buy, when
what they have to sell, costs nearly
as much as they get for it, 10 raise it.
Are the great manufacturing States
of the North to whom we sell all our
trucks, fruits, &C., in favor of the
free coinage of silver? No. On the
contrary they are solidly against it,
They say and believe it would ruin
them and their business interests
and would close their factories, by
driving what money there is now
circulating into hiding places, and
bankruptcy would sweep like a tor
uadO all over their land