The Irish standard., 1896-07-11

see what dictates the oppo Hon to placing
silver In the same category with gold "a
the coinage system. 1T would increase the
scirculat. on. Money would become cheap
ser, consequently easier to obtain; its pur-
chasing power would dinin:sh-and there
is where the secret Of the opposition to s!s-
yer comes in. With free coinage OF silver
the gold bugs dollar would not be worth
$50 much to him as it now is, while to the
poor men It would mean the difference be-
tween a cheaper dollar under those circum-
stances TO no dollar at all under the pres
ent ,s..
4 BY cheaper dollar do not mean that
the silver dollar would in any sense be
cheaper than the gold dollar. The two
would be intrinsically and nom.naily alike.
created so by the free coinage decree OF
government The cost Of production,
which may be practically the same in both
instances, cuts no figure N the matter OF
intrinsic value of money metals 1t Is
what these metals are worth for coinage
into primary money that gives them tnelr
value This fact clears away an oDstacle
which such financial apostles as carnegie
have thrown IN the way OF myself ana
others IN regard to silver. BY them II mas
been pointed out that wherever selgn.orage,
consisting Of the difference between the
bullion and stamped values OF silver DOL
lar now accrues to the government, ~
would, under free coinage laws accrue 70
the silver owners. Strange that tnese as
tute tinanciers should overlook the TACT
that there would be no seigniorage under
the free coinage system. Who would sell
silver for less than it's value in minted coin,
since he could have It minted free OF
charge, as is now the case with gold!
Then, where would the seigniorage come
in? 1t Is true that the silver bullion would
rise in price to within a fraction OF IT'S value
as u,inted coin; but it should not be for
gotten that the purchasing power OF the
money that pays for the bullion mas depre-
ciated in certain ratio, so that N reality
there can be no undue profits accrulng to
the metal owners. Besides, the cneapenlng
Of money will also result in diminishing
the difference between the mining value
and coming value of gold, thus further
tending toward an equilibrium.
The silly bugbear conjured up by those
who now hold the situation of the country
in their hands to the effect that free coin
age Of silver would result in an influx Oh
that rectal from foreign countries, mas
never had any terrors for me, though there
NAV be others. BY all means let it come,
and when we have got it all let the gold
come the same way. In pinch-Whlcn
could not possibly be greater than the one
we are now enGur.ng-this country can get
along, yes, flourish, without relations with
other nations than those willing to accept
our own terms. We have gold mines and
silver mines, iron mines and copper Mines;
we have forests and plains, fields and plan
tations, and we have the brain, the Drawn
and the means to work them. Our terri
tory extends from ocean to ocean, and IN
cludes within its domains the climes and
resources of nearly every zone. Numer.-
cal!y and financially we know OF no SUI
pe1ior as a nation. Why then should we
submit to the humiliation OF having a. det-
r:n.ental financial, policy dictated to us
thrust upon us---by a few inhabitants OF the
British Isle and their subservient lackeys
who disgrace this country?
Let them flood us with their SILVER.
When we get it all we shall have sou Tor
each man, woman and child in this coun-
try Ali the rest of the world VIII then
have IS per capita in gold-provided they
get all Of ours-and whenever they want
something in our line they will have to
give us their gold remnant or buy our sll.
yer at our own price, Let the silver come!
-s"s' ;. N. p. O.