The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, 1896-09-10
3. In 1884 the i.dollar of tho dadaics'

3. In 1884 the i'dollar OF the daddics"
ceasod TO exist. The weight OF the sill
., ~ dollar as raised to 4l2l5 grains.
Nj, sltcrcd tho ratio l6 to /.
l I &, 'ver ,hen became more profitable
+. u+ ~ han coin.
5. thus we "ent en- 10 10 tne sans.e .as soiu
standard, on wn.> VIZ t"'' 'ooN "o"n
to tho present time. ,,,,,u ,>x,u,
6. Dropping tho slv " uG.!as i:sa"s
from coinage in 1873 was 'cl' 'i'antm antl,s,,s
more record Of what had b,> a @o.aai,s ~ ho
true from 1884. Silver dcclin, : o,t :" ~
coined during that entire period ~S'p'
in small quantities.
Z. The whole amount of silver coine..
from the foundation of tho Government
to 1865 was about SSOO0O OUO, although its
coinage was freq and unlimited.
THIRD. l. From 1873 to July l. 1886
under limited silvor coinage we coined.
2S6,9l6, at the ratio OF IL to /.
,. In eighty-tiye years prior 10 1878
the whole amount of silver coinct: b. the
United Statesyun,ler FREQ silver coinage
was S22232 595,92l.
3. In tho cightccn years from 1915 10
1886 the whole amount Of silver coiueC4
under limited coinage WAS s47 7..:GI.. y.
4. More than s27.UU0,00U more uf silver
was coined in eighteen years OF limitad
coinage than during the eighty ave yoars
| of free-silver coinage.
5, All tho silver dollars in our curron-
ey are full loyal teuder al 100 cents each
| Except for redemption Of gold certiti
Gates which are not legal tender.
6. Subsidiary silver (half-dollars quar-
| ter dollars and t.imes) are .egal tender to
tho amount OF $40 in any ono transac
| ton.
] :. The total limited lcga! tontlcr silver
coined is S179,5G6,2SS GO.
g. Total amount Of silver coined b. the
I United States down to July l, 1896, is
{ $500, ,464 ;}43.lO.
FOURTH. ! The reason now do
mand for FREQ coinage OF silvor by tho
United States has risen. is that owing to
increased production, caused chiefly by
improved methods Of mining and better
facilities for transportation, tho output
of silver became so large as to diminish
its value in relation to gold.
9. Down to 1873 silver was more pro-
titable to expert than to coin. and that
year only s293 600 was offered for coin
age in tho Unitod States.
& In 1856 the worlds production OF
| SlltCE WAS OlS4OO,UOU OulCSS, ICdt IullO u
gold 1898 to |.
4. In 1876 ti.o worlds production OF
silver was 67,753,O0O ounces. or mort
than double. Ratio to gold l7.SS.
5. In 1886 t,le worlds production oi
silver was 9s,276,0OO ounces. trebling
that of 1856. Real ratio to gold. 2O.78.
6. In 1895 tine worlds production o.
, eilver was 165,00O,O0O ounces, or more
han five times what it was in 1856
r eal ratio i'll cold, 3l.56
Z. That is to say, an ounce of gold i
tot lay worth nearly 50 ounces of silver
g. Yet owners Of uncoined silver wan
us | q accept it for FREQ and unlimited
coin ago at the proportion Of l6 ounces O
silve to /: :::s,,n,lce :s,,ce of gold
F1ltrn. mnhc effect would be t
li5uti xuJ l,yaCs9t ,,iit.l ,,iiitt..lss;;.7er silver GoVa7
worth 40 to A3 cents.
9. VIII en- the government was foundc
the "dalA lies" believed and intended thu
, Is ounces of silver would purchase !;
: much as ounce of gold, or that !
!, ounces of 81 liver would discharge det
= which oun ce of gold would discharg
=. B. Today ounce OF gold will purchas
as much as 3. ounces of silver. If W
coined silver t 1G to l, therefore, "
would be forcn ,g on ourselves Il dollar
= a purchasing CT debt paving power {
7 only oue-half tn. present dollar of OF
:, currency. all it's 1ollars being kept up
y a value OF 100 cen ts each by tho existin
. gold standard.
4. FREQ coinage of silver would put L
on the silver stan5i ID with China. Japa
> and other countrie 6 in which labor is
!, practical serfago, and civilization
! scarcely begun.
!, 5. There is not in the world today
first class nation that opens its mints
!, tho free and unlimiod coinage OF silve
Elk.