The Red Cloud chief., 1896-07-31
Free Coinage Of PigirOn.
"a. p. Hull, dem Of Atlanta


make debt and poverty things of the
past-rclics of the dark ages. | am
in favor of the free and unlimited
coinage of pigirou at a ratio of 16 to
with gold by the United States
alone, independently of all nations,
and can prove by the best authority
obtainable that such a policy on the
part Of the United States will erase
prices" "put plenty Of money in cir.
culation," and give the "honest debt.
or a chance to pay his debts thereby
making the whole country prosperous.
Now in the first place it may be
urged by some "who do not under
stand the subject Of standards Of
value that a free coinage act for iron
would not raise its price to a ratio of
1G to ] with gold. To them I reply
that "the stamp of this government"
and the legal tender qualities" of
the iron dollars would instantly make
the bullion value Of pigiron the same
as the mint value. For who would
part with an ounce Of this precious
metal for anything less than the mint
vslue?" Stewart. Jones and Byran.)
Again, it may be urged that our
minis would be overcrowded with pig.
iron. 4 reply "that the price of pig.
iron having been raised from $3.50 a
ton to a ratio Of l6 to l with gold the
world ever no one would especially
care to carry it to the mints, since
the mint price could be obtained any.
where in the open market" ATLANTA
Constitution
Next, 1t may be urged chat gold
AID silver would 70 out of circulation.
l reply, fest, "This is . mere assump.
ton OF the tools Of the money power
which they cannot verify" ATLANTA
Constitutisn), second, "Suppose gold
and silver do 60 out of circulation. is
there not plenty Of pigiron to take
their place and give the people plenty
Of money!" Bryan; and third,
"Such an assumption mixes the idea
OF a circulating medium and standard
OF value, that gold and silver would
still be potential money metals,
though not in circulation, and would
lend their help towards ra sing prices
and cause general prosperity" (Crips.)
Then, again it may DO urged
against the pigiron standard of value
wages would not raise in proper.
lion to prices. The reply is, "Wagcs
would be compelled to rise, since no
nan would be fool enough to work for
81 a day who could make 81, 900 per
lay picking up rusty gals and old
shoes and sarL@g them to the
mint for coinagST MulI)
-4s .isi of demonetizing pig.
iron took place about = 200 years ogo.
certain "goldolators" and SSH.
verites" in order to increase the pur.
chasing power of their i'll gotten
secretly, and "like thieves in
night" got the demonstration act
passed repeating the COED old free
coinage act OF Lycurgus. To-day
is the only country on earth
honest enough to coin iron, and there
the happy labsror can carry home the
OF his honest toll in a wheel.
(Atlanta Constitution
A ruinous fall in prices followed
the demonstration Of iron and has
continued for upwards of 1000 wears.
| have calculated the losses entailed
upon the honest people Of this world
by that ruthless act, but the figures
are so enormous that | fear a ~reyolu.
t'on will ensue if the people learn hew
greatly they have been robbed. But
facts are facts, and the best way to
right a wrong is to meet it souarely.
THAT loss is $2l, 0OO, OOO, 600, OO0,.
Coins Financial School)
10 conclusion | insist that the free
coinage of pigiron will do everything
that is claimed for oliver and infinite.
y more. The people will be rich and
prosperous. The once poor man can
pay, his debts with his old stove.
Railroads can declare dividends on
old rails and wornout rolling stock.
The small boy a pick up old nails
and horse shoes enough to support his
In tine poverty and debt can
no longer exist.
Mrs. Rhode Noah, of this place, was
in the NIGHT With cro~,;o. -.