Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1896-08-13

ton, OF gold and gold certiflca ties, total
Of S49s, 83S, 348; Of silver, silver certificates.
subsidiary silver and notes issued upon the
purchase of silver under the Sherman law.
a total Of $548, 49,, G29; or II the Sherman
notes be omitted a total Of $3.50, 3S7,12 OF
silver currency, and all Of 1t on parity
with gold. 1t thus appears that, emitting
the Sherman notes, out of total bimetal-
lie circulation Of $949, 225,471, gold exceeded
silver BY only $48, 451, 225. II we take into
account our total stock of silver and gold
we find the figures to be as follows:
Total gold, $574 500, 722; total silver, $780,
2s3, o67, or total Of both Of $1Os0, SOL, $50.
and gold, out Of this sum, exceeds silver by
only 1926, 755.
1t will thus be seen that silver Is not
stricken down, but that it Is In greater
favor than 1t ever was under free coinage.
In addition to our metallic currency we
had on the LIST day of June, 1896; a paper
currency consisting of greenbacks, Sherman
notes and national bank notes, amounting
In all to $703,354,2S1, which, added to our
gate total of 81, 7s4, 1897 and allof it on
a parity with gold, and SO long as our
silver currency is kept within reasonable
bounds and Is not allowed to exceed in
volume our gold currency we may be able
to maintain the present parity, but the mo-
ment you open the doors Of our mints to all
the mine owners and bullion dealers of the
whole world and permit them to bring all
of their silver to our minis and have it
coined into silver dollars. without charge,
at the ratio of 1G to l. when the intrinsic,
or commercial ratio is 30 to 1, there will
be such a silver deluge that it will be ut
terly out Of the question to maintain the
parity. Gold will disappear. be shipped
abroad, or melted into bullion; silver will
be our sole standard of value for itself
and for our paper currency, and it will cir
culate on it's bullion value and will fluctu-
ate from day to day. The United States,
the greatest and strongest nation on the
face of the earth, and which ought to have
the best currency system, will then be de-
graded to the currency level Of Mexico,
China and Japan. And our farmers. our
producers and our labor will then be paid.
not as now in dollars equal to the best and
current throughout the entire world, but
will be paid in dollars equivalent in value
to the Mexican dollar and the Japanese yen.
Our currency may increase in volume, but
1t will diminish in value and in purchas-
ing power in proportion to the increase in
! volume, and in the meantime, while all
the rest Of us will suffer more or less, the
mine owners, the bullion dealers, the brok-
ers and the money changers will reap an
| immense silver harvest, and speculation
will again run riot in Wall street, as it
did in the days Of the past under a de-
| preciated paper currency, when the gold
room was open.
| Can any American citizen, to whom his
country Is first in war, and first in peace,
and who fully understands this question
In all its consequences, have the heart to
| throw our country into this seething and
| heartless vortex of silver specula tion-this
| maelstrom of the silver mammon?