The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1896-09-19


per ounce, just as every ounce of gold
Is worth '$2O671a because that is what it
lis coined at and it is legal tender and law
full value for all purposes thatIgold Is.
Please remember that for long term OF
years Spain made. the ounce of gold IN
coin $500 until England q believe about
1876 by an act Of parliament compelled
the bank Of England to pay In bank OF
England currency the same amount II Is
paying now, thus raising the dollar price
Of an ounce of gold $3671h England then
had less than 30,0O0,000 of people and she
had the impudence to do it without our
or any other nations consent.
+ If by the government, can stated price
be, maintained?
Remember tht the value as money of
both gold and silver depends on its use
as such, and that money made Of one
metal cannot rise above the money made
of another metal when either can be used
at the discretion Of the debtor Renlem-
Der again that the instant either money
becomes SO good and sound and honest
that it cannot be used as money it's value
as money is destroyed, its pride humbled
until it comes back into the harness and
works for the same rate of interest as the
lawful money that is being used In its
place The trouble with the goldtes is not
that under the free coinage Of both metals
silver won't increase in gold value but 1t
is that they know gold will decrease in
silver value and then their gold dollar
wiltnot control as much as before .
= Under free coinage can the government
fat make SO cents worth of silver equal a
gold dollar in purchasing power?
= This Interrogation has been answered
above. All metal money is made OF the
.va1ue stamped on the coin by the nat OF
the government as shown by England S
raising the price OF gold IN dollars ny 'esls
fiat Of her government.
CTuder free coinage will working men
wages be advanced in proportion to the
advance in the price of commodities?
Since the repeal of the Sherman act IN
1893 the statistics Of the insurance COM
panies that insure against employers Ia
bility show that 40 per cent OF all laborers
on railroads, in mines, mills, factories and
all the Industries in this country have
been discharged and are no longer on the
pay rolls. Free coinage will set all those
men at work and just as much as all their
combined labor will buy will be the In
creased demand for the product Of labor.
This believe, is what goldites claim In
creases prices-ncreases demand
To receive any benefit from a change,
must not his wages increase at a greater
ratio than the price OF the things he has to
buy?
It is not that the wages Of labor and
Tnelr DrO0uCCS "ill uDl luciGhSe: III VI ICE
that troubles men that PROFOUND these in
terrogatories, but the fear that they will.
Your interests as creditors are to be bears
on all things but money; and bulls on
money. All the legislation you have been
fighting for has been to that end and not
in the interest Of labor. Labor will be
benefited when it gets the employment
that the stopping of the use of silver as
money has taken away from the laborer.
Why Is it that people Of silver states are
more anxious for free coinage than people
of other states?
Because they understand the question
better in those sta ties than In any other.
The press has not been controlled so uni
versally by the goldites and light has been
let in on them.
Are the silver mine owners actuated by
selfishness or patriotism In pressing the
free silver issue?
am something Of a Yankee myself and
sometimes answer questions by asking
another Has the decentralization of sill
yer in the great commercial nations Of the
world and the combining of the supply OF
money to gold alone, whereby the pur-
chasing powef of money has been doubled
and the gold price of all property and
products of labor increased so per cent,
been brought about by patriotism or pure,
unadulterated selfishness and greed. re-
CARELESS Of the bankruptcy. misery, want
and destruction it has brought upon the
world?
Which states would receive the most
benefit the silver producing or the non
silver producing, under free coinage?
AS $4,000, 600 is about what we might ex-
pect as the annual production of silver
under free coinage Qast year it was only
about two-thirds that amount and as the
states that are in favor of free coinage
produce fifty times as much Of products,
whose gold price go up and down with
the gold price Of silver, it is easy to see
what states are most interested. You
have seen the agricultural ianus OF every
state in the union go down in value, also
their products with the gold price of sill
YER The following is very accurate
statement of the products of the states
that are in favor Of the free coinage Of sill
yer with gold, viz:
100 per cent of all the gold.
100 per cent Of all the silver.
100 per cent of all the cotton.
81 Der cent of all the corn.
90 Der cent Of all the wheat.
80 per cent Of all the barley.
81 per cent Of all the oats.
rs per cent Of all the cattle, hogs, sheep
and horse
Is per cent OF all the nay, FODDER and
domestic fowls, etc.
The producers Of all Of them are equally
affected with the silver miner.
Is Hon. Fred. Williams of Massachu-
setts in the pay of the promoters of free
silver coinage?
REQUIRES another Yankee answer. Are
all the newspapers and magazines in this
country owned and cOntrolley by the gold
ties. so that they all refuse to publish but
ona side IF this great question? Was there
any other influence brought to bear on
Secretary John G. Carlisle than the office
Given him that caused him to SO radi-
nalv change his views regarding the
money question? Was thera anything but
desire to retain Office that caused William
Mckinley to change from a free coinage
man to single gold standard man? These
questions may be propou-Med ad libitum,
but as they have no bearing upon the sub
iect Of discussion is profitless
Why do we need more currency when
the banks are loaded with it?
Did it ever occur to you that when you
contract currency that money is the only
thing that is going UP and everything else
is going down? When this occurs the
wise man liqudates, stops Investing, stops
parting with the thing that is going up
for the thing that is going down. Money
at once retires from business and lays idle
in the banks-to invest it is to lose it.
Increase money and you at once increase
the demand for 1t because all things that
money buys is going up and investments
pay Contract money and the reverse &C.
ours. Industries are destroyed and the de-
mand for money greatly curtailed. Banks
will not loan money on industries while
money is contracting. and increasing sin
purchasing power because that means
bankruptcy to the industries.
What is more needtul in this country,
more currency or more confidence?
The man who, has confidence to invest
money in any industrial business while
the volume of money is contracting, its