Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-08-14

not only compelled the government
to put up all the gold needed for ex-
port purposes, but they have trans
ferred all the gold they could from
the vaults Of the treasury to the
vaults of their own banks. Starting
in 1892 with less than $95,OOO,OOO in
gold coin, they forced $262, 100000 of
gold bonds from the government,
and had over 100000 more of gold
coin IN May, 1896, than they started
with in 1892. That is, they euchred
the government out of 1862, 900, 900 dol
lars in gold bonds and over 10000, 900
in gold coin. Was it conspiracy?
Yes! What was it's object? Bonds!
Did they get them? Yes Can they do
it again? Yes! Will they do it again?
Yes; as long as they thirst for gold
bonds ON which to predicate their
own circulation and extend their
power-they will continue to thirst
for bonds as long as the government
has any paper money in circulation,
for they want a monopoly of the pa
per money business themselves. How
long can they continue to do this?
Just as long as the present system is
continued. Is it wise? Is it safe for any
country to have financial system
under which such performances are
made possiblei No! And yet it is
just what the republicans are urging
you to have the United States do.
They insult your patriotism by telling
you that they are patriotic in urging
the continuation of this policy!
But" they say ''if this country
adopts the policy of free and unlim-
tied coinage of both gold and silver,
Independently of all other countries,
while silver is worth in bullion only
so or 60 per cent, of it's coinage value
we will not only have "fifty-cent
dollar" but this country will become
the silver dumping ground of the
world"
What fallacies! Neither PROPOSE
ton will be true. A law in this coun-
try, admitting both gold and silver to
the minis of the United States to be
coined into money Gree of expense to
the depositor of bullion) at the legal
ratio of 16 to THAT is, sixteen times
as many grains of silver in a silver
dollar as there are grains of gold in a
gold dollar-would fix and establish
that ratio between these two metals
in the United States, by legislative
enactment; and it would, by the laws
of trade, make 16 to the prevailing
ratio between these metals in all
countries that might seek market
here. 1t is well-established canon
in the laws of trade that the price of
the surplus sent abroad determines
the market price at home. The price
in London of the commodities we
send there determines the market
price here-London being the great
market of the world. But under a
free coinage policy, the United States
would become the great market of
the world for silver, and the price or
ratio here would determine the ratio
of value in all countries shipping
here. But what would be the effect
of this? Silver would be 10 to here
(because it could all be coined into
money at that ratio). and if would he
at premium in every other country
of the world, except Mexico.
but" says the goldbug, "if that is
true, why is silver SO cheap now?
Because, 1 reply, it is now only a
base metal, only a fraction of it is
used as money. and the other be-
comes drug on the market. LIE,
gold be demonetized in the same way
that silver has been, and the same
would be true of gold. Do not lose
sight of the fact that the price of any
commodity of the worlds product, il
the market of the world, determine.
its price at home, and that under free
coinage, this country-New York
would become the silver market O
the whole world.
BURTON 7. DOYLE,
Washington, D. G.