The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-15
A SENSIBLE MAN.
He WANTS TO KNOW, YOU
KNOW.
He Asks Pertinent Questions This
Are Hard to Answer.
READ CAREFULLY AND SHOW TO YOUR
NEIGHBOR.

To the Editor Of The Philadelphia Ameri-
can.
Dear Sir:-I do not wish to argue
the money question but want to ask
some ''sound money" man to answer q
few questions.
They say they want dollar of great
purchasing power. Now, why not
make the gold dollar 51.6 grs. stand
| ard gold instead of 25.8 grs.? By so
doing, instead of it taking $4S6 United
States money to pay e1OO in England,
it would require but $243 to pay it. A
dollar would buy twice as much in
England as it does now.
II gold will double in value under
system of free coinage of silver, why is
| 1t the owners of gold are so much op-
| posed to the system?
There is syndicate now that fur
nishes free of charge, a half-sheet
! patent side to all newspapers that will
use it. In those papers appear article
after article trying to demonstrate
Elbow the free coinage Of silver will in
jure the laboring men and benefit the
wealthy. l want to know If this mat
ter is furnished by laboring men. 1t
costs great deal of money to furnish
| it.
When they say they want dollar of
great purchasing power do they mean
they want low-priced products, for
that is what it means? And il they
do mean low-priced products, why
don't they say so directly, SO the peo-
pie who have products to sell will un-
derstand that the gold-standard peo-
pie want'a system that means low
| prices?
! How can they claim that low prices
of products is a benefit to farmers?
Which has the greater amount of fat,
billion dollars OF paper money or
billion dollars of silver money, assum-
ing that the silver in the dollar is or
would be worth but one half it's face
value? Yet the "sound money" men
are all advocates of an increased
amount of national bank circulation.
and claim that it is sound"
| Will some one please tell of single
| prophecy made by a gold-standard
man that was ever realized? Will
| some one tell me who was right, the
man "whO knew all about money"
and said the repeal of the Sherman
law would stop the export of gold, or
the man who "yawped," as Wall
street called it, against the repeal,
and said it would not stop exports?
Tell me why it was that before the
| repeal Of the Sherman law the gold.
standard press had headlines cover
ing several inches of space every time
a little gold was engaged for export,
the lines running something like
this:
GOLD GOING ABROAD-ALL DUE TO
THE SHERMAN LAw-HURRY UP
THE REPEAL AND STOP THIS.
And why is it, that since the repeal,
II one wants to know about the ex-
port of gold he must look carefully
down the telegraphic news to find it,
and the headlines are all gone? Are
wise men always mistaken about what
they talk of? If gold standard
raises wages why are wages low in
gold-standard England? II q free
coinage bill would send all our securi-
ties home from Europe to be sold to
our own people at great discount.
who would lose, the foreigner or the
American who bought them:
II all our foreign creditors would
send our securities to this country
and sell them at large discount,
| wOuld not tnat stop the present drain
of money for interest charges? Sup
pose the foreign investor did not get
scared at a system adopted by us, and
sell his holdings to an American for
halt price, should we care? Are we
legislating for the foreigner or for the
| American? Whose fault would it be
II he did get scared? II he succeeded
in selling his securities it would be
because he could find some American
who had confidence in the solvency OF
this country. Now IL Mr.. Foreigner
wants to save loss just let him have
the confidence which the American
must necessarily have who buys the
securities. And IL the foreigner got
scared at the acts of Americans.
/ want to know If this .ssending Sc.
curfties back to America" is the saL .
old bluff that has been played befor. !?
want to know IL Wall street is tie
i United States? want to know which
class of people should be considered in
legislation-the class who fight our
BATTLES In time OF war, or the class
who speculate on our misfOrtunese
GLEN G.. HOLMAN.
Portland. Ore. June 13. 81