Arizona republican., 1896-06-27
THE SAME OLD sOPHIsTR4-

.
 The Wilmington (N. O. Star naSlns said that:
 The large majority of the southern neonle and of the western people nave an idea (which isn't confined to une unsophisticated denizens or tne pacA. woods, by a good deaD that the IIee coinage of silver will add consloeraoly to the amount of money in clrcuiatlon and that they will stand petUer chance to get some Of it. The New York World responds py sewing that money is not scarce for those who have an equivalent to give for if and that it is never plentiful for those who have no equivalent me same we presume, is true over in China
 The World says: "The per capita circulation now is about $2S. In 1873 at which time the silyerites mark back it was only SIS" that there is now q. surplus reserve of more than s2O.0OO GOO in New York banks; that there are large sums of money lying idle or let out on short loans in all the r,onev ce,,ters. That is simply con- tiu11ation of an old-time dishonesty The real money of this country, the gold. is admitted not to exceed $69O,- 100000, or about $S per capita. It IS that money which regulates prices, ana every other form of stuff which IS called money is simply convenience.
 Possibly the various kinds would make S23 per capita, but the other forms outside of gold are all merely subject to gold and have no influence whatever on prices But in 1873 there was over B 900, 0,OOO,OOO of silver money in the world, money of ultimate re- demption, money that helped with gold to make values, so the difference is not between SIS and S23 in our own country, but it is between $3,5OO, ,000,- 900 that the world has now, and $7 ,000,- GOO, 900 of gold and silver that it had prior to 1873. Then The World goes on further:
 Free. coinage simply means that a hull to the mint silver worth, say, 52 cents and get the government to put the one dollar stamp upon it.
 That is, for $52,OOO worth of silver bullion he could get $100,000 in silver dollars. If the price of silver should rise under this privilege the owner of the bullion would still get the coins.
 In the first sentence The World ig- nores a law as old as the world, that prices are regulated by the demand and the supply. It tries to carry the idea that if the government should open an unlimited demand for silver it would not change the value of it at all. which of course is an absolute, out
 
 rageous fallacy.
 But realizing that it says if silver should rise the mine owners would gel the coins all the same, it is plain the intention is to try to convince people that it is only in the interest of mine owners that there is any desire to have silver remonetized, But did The World ever see silver rise that the products of the soil and of the factory did mol rise correspondingly? -In two or three weeks six years ago silver advanced from 97 cents to $1.205 per ounce. That was simply because of the passage ot the Sherman law, but prices advanced correspondingly, because the purchas ing power of silver remains just tht same whether it is up or down; wher silver is up, prices go up.
 Some gold papers like the Spring field Republican admit that probabl! there would be an advance of 25 pel cent in the value of silver and tha there would be an advance in products accordingly. Suppose there had beer