Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1896-08-27

Of France exercises the right to redeem al
| bank paper in either gold or silver, and
gold and silver at the ratio Of 15is to i. and
retains in circulation more silver per capita
TT may be further answered that our
opponents have suggested no feasible plan
The retirement of the greenbacks and treas
ury notes would not protect the Treasury,
the Secretary of Treasury to redeem all
govenment paper in geld, when gold is
al silver dollars and silver certificates in
are Withdrawn from circulation. N than
TINS, IL the government should retire It's
psaper ana throw upon the banks the nec sSe
banks would exercise the right to furnisn
would Exercise is the option nst as the gov
ernment ought to exercise it now The gov
redeem its obligations in silver. when silver
Is Is, more convenient, or 1t must retire an Inc
ton and leave nothing but gold as legal
lender money Are our opponents Wiinns
~ out their precepts TO legitimate conclu-
sion, or VIII they continue TO CLOAK their
There is an actual necessity nee for birnetal-
ism as well as a theoretical defense of II
ton has been creating an additional de-
mand for gold and this law-created demand
power of each ounce of gold The reStora-
ton of bimetallism in the United States
It's purchasing power as was added to It by
Ststes TS OF Hiver pg Jne beId up
TO the gold dollar by legal tender laws ana
standard silver dollars are not now re
deemable in gold either by law or by ad-
I'VE contend that free and unlimited
coinage by the United States alone Will
raise the, bullion value Of silver to its
coinage value. and thus make silver bullion
the world This proposition is in Keeping
with natural laws. not in Qenance Oh InSILl
The best known law of commerce Is the
this law and build our argument upon it.
We apply this law to money when we say a
the purchasing power of the dollar: we
also apply the law of supply and demand
for silver. created by law. will raise the
price of silver bullion.
Why Gold and Silver Are Money.
'tGoId and silver are different from other
commodities in that they are limited IN
quantity. Corn. wheat, manufactured pro-
ducts, etc, can be
1t is folly to re- produced almost
fuse to the people MiSnYut dIihio =. "a he
the money which So1d ar a nrice suf-
they now need for ficient to stimulate
fear they may production, but gold
hereafter have and silver are called
more than they precious metals De.
need. $500 not rr5od,,cad
These metals have
been the objects of anxious search as far
back as history runs, yet, according TO Nh.
Harvey's calculation, all the gold coin of
foot cube, and all the silver coin in the
world into a sixfy-six foot cube. Because
gold and silver are limited. both in the
quantity now in hand and in actual pro-
duction, II follows that the legislation can
fix the ratio between them. Any purchaser
who stands ready to take the entire supply
prevent shat that article article from failing ' below
that price So the government can nix.
price for gold and silver by creating q de-
mand greater than the supply.
Interna tional bimetall.sts believe that
several nations, by entering into an agree
nenC TO coin fixed ratio ali the gOlQ
and silver presented, maintain the
bullion value Of the metals at the MINI ratio
regulates the bullion price. because any per-
verted into coin. at that price. and any
person desiring bullion can secure 1t by
International bimetaIIists and independent
bimetallists differ, is: Can the United States
at the present legal ratio create a demand
the demand already in existence viii be
sufficient to utilize all the silver that will
be presented at the minis.
Oppose the Gold Standard.
''They agree in their defense of bimetaIlic
POSITION to the gold standard. Interaat:onal
coinage gives benefit to the mine-owner.
tSe oW9er of siiVer ali the adTsnases
fered by independent bimetaliism at the
cuse the advocates of free silver of being
bullion owners who desire to raise the value
pay their debts in cheap dollars or
'dema gogues who desire to curry favor
They must rest their opposition upon one
ground only. namely. that the supply of sill
utilized by the United States.
In discussing this question we must
silver and the quantity of silver which can
come to our minis 1t must be remembered
veioped. and that our people far surpass
any equal number of people in the world in
their power to consume and produce.
Our extensive railroad development and
enormous internal commerce must also be
taken into consideration
Now, how much silver can come here?
Not the coined silver of the world, because
time in other lands than it would be at our
minis under free coinage If our mints
are opened to free and unlimited coinage
at the present ratio. merchandise silver
can not come here because the labor an
form Of merchandise than it will be worth
at our minis. We can not even expect all
India, China, Japan and Mexico and all the
other silver using countries must satisfy
ducts; the arts will require a large amount
and the gold standard countries will need a
age We will be required to coin only that
which is not needed elsewhere: but if we
stand ready to take and utilize all of it
other nations will be compelled to buy at
MANY fear that the opening of our rnints
VIII be followed by the enormous increase in
conjectnqe i9ef haa S Se 5xs This is
lnal IlInS the world mas never suffered from
an over-production.
People Need Money.
IF for any reason the supply of gold or
silver in the future ever exceeds the re-
quirements Of the arts and the needs of
commerce. We confidently hope that the in
telligence of the people will be SUFFICIENT to
devise and enact any legislation necessary
for the protection Of the public. 1t is
folly to refuse to the people the money
which they now need, for fear they NAV
hereafter have more than they need /
am firmly convinced that by opening our
minis to free and unlimited coinage at the
present ratio, we can create a demand for
silver which Will keep the price of silver
bullion at $l-2S per ounce measured by gold
Some OF our opponents attributed the fall
in the value of silver. when measures nv
gold TO the fact that during the Ia 81 oI,aG
ter of century the worlds supply NJ ST.
yer has increased more rapidly that fba
worlds supply of gold. This argument Is
entirely answered by the fact thar fiI1rin@
the last tiye years. the annual Production
the annual production of silver.
Since the gold price of silver has fallen
more during the last five years thai III ever
fell In any previous five years in the his
tory of the world, Ii is evident that the fail
is not due to increased production PricsS