Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1896-09-05
The Only Eli Tells the Hollow
: Tale of Free
Silver.
HE SIZES UP THE SITUATION
Good Reasons Advanced for Being
on the Side of
Gold


nation uses the two metals-sold and
silvcr-but the United States is the only
nation that has coined as much silver
as gold. We have been rank bimetal-
lists. We have stood by silver too long.
We have coined S625, 300, 900 worth of
silver and S626, 500, 900 worth of gold.''
'tWhat have the other great nations
coined?" asked the Populist.
"Why. they have coined less than half
as much as we have. England (the
United Eingdom) has coined and has on
hand s112. 900. 900 worth of silver and
55O.O0O,0OO in gold; France has $493,-
100000 in silver and $S25.OOO.0 600 in
gold; Germany any! has has only S215i 600, 600 in
has only $4S. 100000 in silver and $780,
100000 in gold.'
'.Then we have coined about as much
silver all of tfrem together?'
Not quite. These four great nations,
with popula ton of 249, 10000 people,
m MGs U %e H Wifh 900 people, have
S623.OO0.O0O in silver"
''Where is our silver now?' asked the
Populist.
.'Why, sos. 100000 lies piled up in
the treasury. 1t is rusting in the vaults,
paying no interest; and dropping, in
take it. freight free, but he can only get
$56.000.O0O in circulation. The people
won't have it. They sling it back to
the banks, and then the free silver men
for silver. Coin morer
cula tion?'
why. every solitary dollar S626, oOO.-
600 worth of it, The banks only hold
You don't say the nation has no gold
at alp
$500. DOC 600 from few Americans at
per cent. and spent that running the
government we've got to pay it
back. Then Cleveland borrowed $780,
100000 more from the Rothschilds and
the English al per cent, while our own
people We're crying for it at per cent,
an ta fha fo & g0t to return t IN gold
has got Just $50. 100000 worth of Dor
rowed gold in the treasury. 1t isn't
ours. 1t is borrowed to prevent a run
on the treasury, with $1OO,OOO.OOO in
gold due the people besides. Oh, if we
had bought gold when we coined that
sos. 600 worth of silver now lying
Germany and Russia did, we. would be
on top today. We wouldn't ;, be the
Did England and the other nations
stop coming silver?" asked the Popu-
..Of course they did. They rang the
bell and put out the red light against
silver years ago. Since 1890 England
has coined $146.0O0.0OO in gold and only
S14.000,000 in silver; France has coined
S13,0O0,OOO in gold and not a cent of sill
yer. and Germany has coined 49.0O0,-
900 in gold and only 81, SOC, 900 in silver.
They have been hugging the shore. while
into deep water.
How much silver Is there for each
person in the big nations?''
I'VE have 50 in silver for each person
in this country, but the people only AXE
40 cents They kick So back into the
treasury. England has $2.SS per person,
Germany has S4.35 and France S12, but
50 of it lies idle and all silver coinage is
OUT
Some nations have free coinage" sug-
LIST
"Certainly-and look at their condi-
ton! They are bankrupt. Our silver
dollar is still worth 100 cents in gold
anywhere on earth. But in the free coin
age nations, like Mexico, Japan, China
and India. where free coinage has bank
rupted those nations their dollars are
SO again.
China has no gold at all you say?"
None at all. China has $3.50 600, 900
worth of 5O-cent silver, but no gold;
India has S150.o0o,000 in silver, and no
gold; SPAN. wrecked by too free coin
age Of silver. has $166, 100000 IN silver
900 in silver and $1,000, 900 in
How. much money to the person cir
asked the PopuliSt
China has s326. while the United
1888; and Japan 81 This is poverty owe !Hf fol
youE,
there?'
Everyone. Every man has lost hal
ms wealth. A man in Japan. Mexico
CHINA or India who was worth S1OOt
thirty years ago is worth 5000 today
The pay of the laborer has not beer
changed, but man who gets 10 cents ;
day IN China, Japan India resrilJ
gets 5.
When 1 went to China" contiaue,
Mr. PERKINS, my letter of credit s-aIle,
for $500 in American dollars When
got there l found S1O.30O 70 my credi
who has ever lost anything by the Amer
lean dollar? Not man. 1t is as goo,
as gold Our good government has nm
gold under IT. But free coinage woui,
break the camel's back. 1t would brin,
US TO the level of Mexico and India.'
What would be the first result q
free coinage?h
"All gold would hide away. Then W.
are now exporting annually $4,000 OO
worth of commercial silver and sellin,
enough to make dollar for 80 cents
That is b to l. The free silverit.s
want their silver coined like our coine,
silver, 16 to 1. and handed back to then,
With the government paying a doubl
value for silver expectation would cease
and the government would pay the min
ers SS0.000.0G0 for what they ar
now selling for $4,000, OOo. The,
the output would increase. w
mined So. 100000 worth of silve
in 1892 In 1896 we would min
500, OG0. 600, with the price dou
bled- We would have to take it an