Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1896-08-20

present time and under present laws sill
its value. but thatsWils not be true when
we again establish mint price FOR silver
and leave no surplus silver upon the mar
der bimetanism silver bullion viii be- worth ut1
as much silver coin, just as gold bullion
is now worth as much as gold coin, and we
believe that silver dollar will be worth as
much as gold dollar.
Debtor Should Have the Option.
If there are two kinds of money The OBJ
ton must rest either with the debtor or
rights are equal, we must look at theinter-
ests Of society in general In order to de-
termine to which side the option should be
and silver are linked together by law at
fixed ratio, and any person or persons own
ing any quantity Of either metal can have
If the creditor has the right to choose
the metal in which payment shall be made,
it is reasonable to suppose that he will
the %
between the bullion values of the metals
This new demand created for the dearer
metal will make that metal dearer still.
while the decreased demand for the cheaper
metal will MAKE that metal cheaper still
II, on the other hand, the debtor exercises
the option, it is reasonable to suppose that
be perceptibly cheaper than the other. but
the demand thus created tor the cheaper
metal will raise its price. While the lessened
demand for the dearer metal will lower it's
price. Il s8E9 ~ @ ~ 81 5@
In other words, when the creditor has
the option, the metals are drawn apart;
the metals are held together approximate
ly at the ratio liked by law; provided the
demand created Is sufficient to absorb all
o. both metals presented at the mint. So
aciety is, therefore, interested in having
the option exercised by the debtor.
The right Of the debtor to choose the
,;11, ont boil ha
tends to obligations due from the govern
ment as we'll as to contracts between in
dividuals. A government. obligation is
simply a debt due from all the people to
one Of the people, and it is impossible to
justify a policy which makes the interests
Of the one person VINO holds the obliga-
who must be taxed to pay it. When, prior
to 1873, silver, was at a premium, it was
never contended that national honor re-
cations in silver, and the Matthews reso-
luton, adopted by congress in 1878, ex-
to ed aG aS Gf thG n san
Upon this subject the Chicago platform
practice Of surrendering to the holders l Of
the obligations of the United States the
option deserved by, law to the government
of redteming such obligations in either
silver coin or gold coin.
A New and Vital Issue.
There is another argument to which I
ask your attention: Some Of the more
Jealous opponents of free coinage point
to the fact that certain months must eiapse
between the election and the first regular
session Of congress, and assert that dur
selves in favor. of free coinage, all loans
will be withdrawn and all mortgages fore
closed: If these are merely prophecies in
dulged in by those who have forgotten the
provisions of the constitution, it will be
sufficient to remind them that the presi-
dent is empowered to convene congress in
-hny,n -
good requires such action. If in. Novem-
Der the people by their ballots declare
themselves in favor of the Immediate res
inaugurated within few months.
If, however; the assertion that loans will
be withdrawn and mortgages foreclosed
is made to prevent such political action
as the people may believe to be necessary
for the preservation Of their rights, then
a new and vital issue is raised. Whenever
it is necessary for the people as whole
to obtain consent from the owners of
money and the changers Of money before
they can legislate upon financial questions,
we shall have passed from democracy
Yet arrived. Threats and intimidati ion viii viii
the octrne ha KINGS rule IN nv b.
right divine will not, in this generation.
subscribe to doctrine that money is ON
nipOtent
Appeal to Citizens.
Citizens of New York: I have Travelled
from the center of the continent to the sea-
board that might in the very beginning of
p pee of e and
you that their desire is not to destroy, but
to build up up: They ,.; invite you to accept
listen to those Who teach the gospel of ft de-
you have The advocates Of free col Coinage age
mediate restoration Of bimetallism they are
laboring in your behalf as well as in their
own behalf; few of your: people may
permanent welfare Of New York rests upon
the producers of wealth. This great city
is built upon the commerce of the nation
paired You Cannot sell Unless the p pc
have money with which to buy, and they
cannot obtain the money with which to
ucts at remunerative prices. Production
of wealth goes before the exchange Of
wealth; those who create must secure
with others. You cannot afford to join
the money changers in supporting a finan-
cial policy which, by destroying the pur-
chasing power of the products Of toll must
wealth W o SooutA 'ne creation OF
I ask, I expect your cooperation. It is
fashion new fgure-a figure represent
ing Columbia, her hands bound fast with
letters Of gold and her face turned toward
who live beyond the sea-but this figure
can never express your idea of this ra-
ton: You will rather turn for inspira ton
to the heroic statue which guards the en-
trance to your city-a statue as patriotic
in conception as It is colossal. in proper
tons, it was the gracious gift Of a sister
republic and stands upon a pedestal which
was built by the American people. That
emblematic Of the mission Of our nation
a government which derives its powers
from the consent of the governed, secures
to al the people freedom Of conscience,