Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-07-22
MISUNDERSTANDING BROS.

lished and regulated by the money kings
of Europe quite long enough. Tha
countries which the money kings OF
Europe did not think it worth while to
force to the single gold standard and
which now stand on the free coinage
basis. are not asking odds OF Europe
and in fact are the only countries in
the world to-day that are not suffering
from financial depression. Mexico is
as prosperous as the character of her
people will allow her to be. Her dollar
is only worth about "a cents measured
10y the gold standard, but it is worth
dollar in Mexico, and the Mexicans
are not losing anything by the fact.
The Eneishman isn't getting TWO for
one in Mexico. Now, if little Mex
leo can stand on her own monetary 5a-
sis, can't the great United Statse-re-
gardless of any effect such action On
our part might have on foreign ma
lions?
Speaking of the demand for free coin
age our contemporary continues:
The demand is made by the producer Of
silver because ne is humaa and wants az!
ne can get; also because he Is SnreWd
trader who thinks a.. Will eaten farmers
and wage ea-rerS with mis- silver bait.
This is entirely untrue. The South
is demanding free coinage equally with
the Yves; and the South has gold but
no silver mines. The workingmen and
the farmers-the farmers Of Ohio, for
instance-have no interest in silver
mines, YET largely from these classes
comes the demand for free coinage. Our
neighbor will hardly contend that they
have been bought by the silver mine
owners Of the West or that their con-
victions are based upon anything buo
common sense and long suffering under
the single gold standard.
When Mr. Hart speaks of "fifty-cena
dollar" under free coinage, he speaks
unmitigated nonsense. Suppose he had
41215 grains Of silver bullion, which on
the present gold standard of value is
worth but about SO cents. And sup
pose again that we were on bimetalllc
basis and silver and gold could be taken
to United States minis and coined at the
ratio Of 16 TO l, would he sell that sill
yer for % cents, when he could go 10
government mint and have it coined
into a dollar recognized by the govern
ment of the United Estates as just as good
dollar as a gold dollar and receivable
for all debts public and private at its
face value? We hardly think that Mr..
Hart would be 50 foolish. Not a cent
of it would be deprecated money or
fiat money and every grain of it would
be truly American money, which ought
20 be good enough for Americans.
Our contemporary continues:
There is more than twice as much money
in the country asthsre was in 1913. There
is as much silver money as go4d money.
nave fifty-thr5e silver dollars now, ana
every dollar of il is as good as a god DOL
lar because the government Keeps II 50.
And VIVA. has Il cost the government
the people, the taNDayers-to keep 1t
so?" Hundreds of millions in the last
few years-fifty and hundred millions
at a clip every time the gold sharks
of Europe and their agents in Wall
Street took a notion to drain the treas
ury Of its paltry gold reserve. If this
silver Of which we have such an abun-
dance to-day is as good as gold, as our
contemporary says, why does not the
Secretary of the Treasury pay 1t out
when he runs short OF gold instead OF
going TO Mr.. Morgan and his CORE
spondents in Europe to borrow more
gold at four or five percent? Our silver
money to-day is not as good as gold and
never will be until silver is remonetized
made money again-recOgnized on an
equality with gold at United States
minis.