Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1896-07-24
SUCKER STATE slLvekiTes.
Impudent Claims Of sixteen to One Shout
ers at Peoria.

ers at Peoria.
The Illinois Democratic state conven-
ton added hypocrisy and double dealing
to the silverite doctrine of reputation
and dishonest dollars when it declared
in its platform: 1--WE favor the soundest
and safest money known TO man. .
We demand the repeal Of that Repub-
lican and plutocratic legislation which
demonetized silver and reduced 1t to the
level Of token money, destroying by
one-h half the stock Of real money.
We demand the immediate restoration
Of the free and unlimited coinage of
both gold and silver as a standard money
at the rate Of 10 ounces of silver to l of
gold Of equal fneness, with full legal
tender power to each metal " This dec
laration for free silver was termed 1.-THE
bimetallism which was made the basis
of our monetary system by Hamilton
and Jefferson.
OF all kinds Of frauds the canting
humbug is the worst. The sincere but
mistaken silverites, who admit that free
coinage at IS to 1 would put this cOun-
try on the silver basis, are deserving Of
far more respect than the men who have
the impudence TO talk of sound and
safe money" III connection with their
so cent dollar scheme Every man who
is old enough to vote knows that free
silver, with the bullion value Of the two
metals at ratio of 30 to 1. means silver
monometallism pure and simple. This
is the standard If Mexico China and
India, where its frequent and violent
fluctuations and decreasing purchasing
power testify to its "soundness and
safety" Is that the kind Of money the
American people want?
1t will be somewhat difficult 10 secure
the repeal of 1.-THE legislation which de-
monetized silver and reduced it to the
basis Of token money" since there is no
such legislation on the statute books.
What the Sucker State fnanciers re-
ferrcd to was probably the legisla-
ton which since 1873 has given us
$3.50. 600, 600 Of full legal tender silver
money. not one dollar of which is token
money, and $40, 600, 600 Of subsidiary
coinage. As there was not $50, 600, 600
Of silver money of all kinds in the coun-
try in 1878 and less than IS, 200, 600
full legal tender silver coins, it is hard
TO see how 1.-THE stock of real money has
been destroyed one-half " Since an in.
crease Of &54O, 900, 600 is considered a
contraction Of the currency, it Is easy
to understand how the crosseyed silver
ties can believe that forcing 1925, 600, .
900 in gold out of circulation would
give us more money.
"The bimetallism Of Hamilton and
Jefferson" was the coinage of gold and
silver at O ratio which was as nearly as
possible the commercial ratio between
the values of the two metals In expert
ence it was found that whenever one Of
the metals was Overvalued it disappeared
from circulation, the cheaper money
only being used, so that the country was
always on either the gold or the silver
standard. Under present conditions,
with the bullion value Of silver 30 times
that Of gold, it would be impossible to
keep gold in circulation, and the coun-
try would 60 at once to silver basis.
Americans who favor real bimetallism,
under which an almost equal value of
gold and silver money is now kept in
circulation, must work and vote against
free silver II OnOmptalliSm