The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-13

est charge Thee is only one way 20
stop the increasing fiow OF gold rom
cur shores. and that is 10 stop the fail
I ing prices. The restration OF birnetali-
/ ism will not only stop falling prices. but
viii. 10 some extent. restore prices by
/ reducing the worlds demand Scr gold.
| If il is argued that rise in prices les
sens the voiue OF the dollars which we
pay to our creditors, l reply that In the
! balancing OF equities. the American peo-
pie have as much right 70 favor imam
| cial system which viii maintain or ~
store prices as foreign creditors save
| TO insist upon financial system 'nat
viii reduce prices. But the Interests OF
I society are far superior TO the inter-
ests OF either debtors or creditors ana
the interest OF society demand finan-
cial system which VIII add TO the vol
ume OF the standad money of the word
and thus estore stability 10 prices
Perhaps the most persistent repcsen-
| tation that we have TO answer Is tne
charge that we are advocating the pay
ments OF debts IN 50-cent dollars Al
the present time and under pre- laws
| a silver dollar. when melted. loses near
/ ly half its value. but that VIII not oe
/ true when we again establish mint
nricA for silver and leave no surplus
! silver upon the market TO drag down
the price OF bullion. nder oimeiaiiism.
silver bullion will be worth as much
as silver coin. just as gold bullion :
now worth as much as gold coin. ana
we believe that a silver dollar VIII be
worth as much as agol dollar
The charge OF population comes with
poor grace from those who are seeking
10 aid TO the weight OF existing debts by
= III IL
and who conceal their designs against
the general welfare under the euphoni-
ous pretense that they are UNFOLDING
public credit and national honor.
In answer to the charge that gold
will go abroad. AZ must be remembered
that no gold can leave this country un-
til the owner OF the gold receives some
thing in return for II which he would
rather have. In other words. when
gold leaves the country those who for
merry owned II viii be benefited. There
! is no process by which we can be com
PEELED to part with our gold against
our will. nor IL there any process by
which silver can be forced upon VA
without our consent. Exchanges sr@
matters OF agreement and II silver
comes TO this country under free coin
age, IL will be at the invitation Of some
one IN tfllS country VITO Will give
thing in exchange for IL.
Those who deny the ability OF che
nited States to maintain the parity be-
twene gold and silver al the present
legal ratio without foreign aid. point
TO Mexico ard assert that @he products
OF our minis will reduce US 20 a silver
basis and raise gold 10 a premium
IL Is no reflection on our sister republic
to remind our people that the uited
States is much greater than Mexico IN
area IN population and In COMMERCIAL
United States is not able To- do any
strength. II in absurd TO asert that the
thing which Mexico has failed 10 arcom-
plish The one thing necessary "a or
der to maintain the parity Is TO furnish
a demand great enough to utilize all
the silver which Will come TO the nnintE.
That Mexico has failed 10 do this IL no
proof that the United states would also
fail IL il also argued that since
Number OF the nations has demnnetiz"d
silver. nothing can be done until al OF
those nations restore birnetaliism. This
is also Illogical II Is irnrnsterial how
many or how few nations have open
mints, provided there are sufficient
open rnsnts 20 furnish a monetary de-
mand for AL the gold and silver svaila-
ole for coinage.
In reply TO the argument that i'm
proven machinery has lessened the
cost OF producing silver. IL Is sufficient
tleligsena Fprsft SIN Tion-rarwSiqr
- say that the same r. true Of the pro
duc'isc az gold. and yet. uotwithstsud-
inNfhat gold has risen IN value.
As matter Of fact the cost Of pro-
6uction does not determine the value OF
the precious metals. except as r. may
effect the supply. II. for instance. tns
cost OF producing gold should D. re-
duced % per cent. without any increase
IN toe output. the purchasing power o,
an ounce of gold would not fail So long
az ihsre is monetary demand s1ffi-
cient % tase a. a fIed mint price al
the gold and silver produced. the cost
~ Production ned not be considered.
II r. often objected that the prices
u Evld and silver cano< BE- fred in re-
atiDD 70 each other. because % the var
aticns IN the relative production %
ne metals. This argument alss over
ooks the fact that y the demand for
both metals 81 fred price ~ greater
han the supply % both. relative pro-
1uctscn becomes f1sauIfer1sl n ne
sariy PEI 81 TIE present century TIRE an
1uai production - silver zss worth at
he coinage rs>sg about fnrse t!snss as
nuch as tire annual production % E0id.
rhereas soon amer 1873. tas annual
Production - god became worth al
nost hree times a. much a. the cbiuzge
alto as fae annual pr0-eaefioa q sll-
-er. and get. owing 90 tire ma i-sgsr sSrce
= tacbfuze fsfisc Etsndar5. ere ENC
nous changes 81 relative prodrcsiDa
al but q Ert srec; upon ihs rsls~
sve values q fhs metals
~ 81 e. assertef by or Dp2rneTsts fhe-
BE- free Coinage % silver - tn.srafsi
My 9or me benefit = 10 mine owners
Z -.1st % remembered faSt fTee colaags
.suaot Denefit The rzine oBue-H azT
nC-~ tfsa haTso1esfxarrgr tx aE4T.
I'd = rs1zs. also be rs-ss 1ghsFs3 TIA.
-. soRs zslch szs~ deTsgfsesiz4tsoc 90
1y~r has brogxas % NJ rusns oSrsrs
> lnsszniHcarf renfa-ee = she los
Fhs-n mis- pel.rs bf9ssE1t - sse css o.
~ r~opg= TaS Fssto14f,11 % silver
III t,rsng n fae peqSsis generally many
an Obtain from s. vale q Il a.ot ts~
,Br7ose p, ffe@ o9i5xg~ - especially zLf
~ F.zTtIe4-sr rf2ss. yet sssose $50 -
eve T1sf tte res7ors.t0r - silver n
eetses3 ~ sAe s1ssss psep{s s5ssass nos
2 eeferrn1 i-~causF an laclfsntai bes~-
N - ne ansfs esnx- TIE
r. E- tre cf-eas1z @ sar-
sF- 49, r.g-nesesn~zs - rivers. ts-
F~rtra sssslc bzlscsaxz. al sss~
sszer satal s~a@afs uxeaa gasss-
s3as-s 40 gfzsn1nssses zn2 yss tAszs
rstfstz sessFTs. - nos sf~E~r - sfe.--.
.2sinS zsEFvt fisfsons far tAess par
Psss T1eaTyer ssco a19soorsAssoas are
,es'sTsTT fcs ssse p81lsc Eood Tse
~ s-s.sfs f1sf 2 silver sosizg - ne4sgxg
-sa = SO 1siEzs. @aa taas. fssFseos<.