Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-10-01

One is that the free coinage OF sll-
yer at the ratio OF l6 to / will cause
all the silver nations TO dump their
silver into America, and that will so
increase silver that it will be worth
nothing. This is talk, not argument.
In the first place, this has never been
done even by the nations that use
only silver. The fact that it never
has been done is not naturally the
fact that it will be done. Like caus-
es produce like effects 1t has not
yet occurred that dissimilar causes
produce like effects,
Supposing it were true, and all the
silver nations were to bring their sill
yer coins and silver bullion here and
dump it into our mints, and have it
coined in silver dollars. Would they
give it to us2 Not likely. This has
never been done and it does not stand
to reason that because 1t never has
been done. therefore 1t will he done.
They must either pack it out In stand
ard silver American dollars or buy
something we have produced. Will
that hurt us2 Most assuredly not, TO.
the standard dollar is legal tender
and will pay our Observation-Disclosures,
which is S33, 9SS, 100000 says Hon.
Joseph H. Walker, of Massachusetts,
in congress on the 25th of March,
1892. There is no other way to pay
these debts unless congress issues
enough treasury notes to do it.
The silver in dollar has no more
to do with fixing the money value oi
the silver dollar than the wood in a
yard stick has in fixing the value OF
the goods it measures. 1t does not
make any difference how broad OF
how thick the wood is in yard stick
1t is not a yard unless 1t Is SO inche;
long. The yard is an ideal, the meas
ure real. The stuff out of which q
dollar is made is real, the dollar il
ideal.
The silver value of dollar, as {
dollar, is dollar, while the silver II
a dollar may only be worth SO cents
or $l.32. The silver value of dol
lar in 1872, as dollar, was no more
than dollar, although the silver il
it was worth Sl.32.
1t is said, and l suppose used as ay
argument against the free coinage o
silver at Is to l, that the goldite
with their three or four billions o
gold dollars would 60 INTO the silve
countries and buy silver at SO cent
on the dollar and come back with i
to our mints, have 1t coined into stan
ard silver dollars and pay their deb
or loan it to US at usurious rates o
interest, and that would be legislat-
ing in the interest Of plutocrats."
The devil always tries to make peo
pie believe they are going, when h
wants them to 60 his way. If thl
were true every gold bug in the uni
verse would favor it aud be for fre
silver. There are two objections t.
this argument; first, it is not true, tn
single gold standard men would no
nor could not successfully do this. TO
the reason that men OF silver nation
are no bigger fools than we are. |
it reasonable to suppose a Mexican o
Chinaman or Japanese or French
man would be fool enough to sell hi
silver for so cents on the dollar to.
gold bug of America and let hir
make 100 per cent profit by having i
coined into standard silver dollar
when he could do it himself an
make 100 per cent prodt7 Is it rea
sonable2 IN order to set at rest an
one of the assumptions of the gol
standard men on the probabilities c
all these attempts, let me say the mir
report of 1894 shows that th
: silver money of the world that
a full legal tender amounted
t $3.435, ,000,000 and the limite
, legal tender silver was S6l9,O00
600, making all together S4 100000
1000, using round numbers. Wi
\ this, S6l9, 100000 of limited leg
3 tender silver come here if we ope
our mints to the free coinsge2 Th
sllvec contains from 5 to 10 cents lei
sllver to the dollar than our dolla
There would be an actual loss of frol
5 to 10 cents on the dollar besides tt
r cost OF rem nitting it. In its legal tel
I der limit it is equal to gold, Poop
are not fools enough to dump the
limited legal tender money into ou
7 mints, lose from to 10 cents on
dollar, the cost of sending it hel
: besides its less value to the SAN
, amount, and take our money whic
: they could not use to pay any del
with except as bullion.
Now let US look at the full legs
tender money Where Is it? One ha
, of all the. silver money in the world
. said to be IN lndla and emma.
India it is the silver rupee there, an
for their use it is coined at the rat
n of Is to /. which is 81 cents less
the dollar than we have Their gol
). is not legal tender. Silver only
the legal tender money. Statistic
show that silver legal tender none
7 onlv amounts to $500 per capt.
r Now is it reasonable to suppose Ind
e will bring her full legal tender silv'
n money to America and lose 62 cen
on the dollar to have it coined in
L standard silver dollars to take
9 their own country, when it only
received as bullion, and not be
8 legal tender for anything2
China ia in tho came cataUorv A