Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1896-09-10
The Only Eli Tells the Hollow
Tale Of Free
Silver.
HE SIZES UP THE SITUATION.
Good Reasons Advanced for Being
on the Side of
Gold.


nation that has coined as much silver
as gold. We have been rank bimetal.
lists. We have stood by silver too long
We have coined S625. 100000 worth OF
silver and $626, 600,O 600 worth of gold"
What have the other great nations
coined?' asked the Populist.
why, they have coined less than half
as much as we have. England 1.-THE
United kingdom) has coined and has on
hand Sll2,OOO,0OO worth of silver and
$55O,OOO,OO0 in gold; France has $493,,
100000 in silver and $825.00OO0O in
gold; Germany has only $215 100000 in
silver and $625, 100000 in gold Russia
has only $4S,000.0O in silver and $780,.
100000 in gold.'
"Then we have coined about as much
silver as all of them together?"
Not quite. These four great nations,
with a population of 249,OO0,OOO people,
have on hand $876,OOOO0O in silver,
while we, with 100000 people, have
SG25, 100000 in silver"
Where is our silver now?' asked the
Populist. oo
the treasury. 1t is rusting in the vaults,
value: Carlisle is begging the people to
take it. freight free. but he can only get
S56,0OO.O0O in circulation. The people
won't have it. They sling it back to
the banks, and then the free silver men
Jump up and cry, we want more silverv
for silver. Coin morev
cuation?"
'Why, every solitary dollar-S62G, OOO.-
oQo worth ho of it. The banks only hold
You don't say the nation has no gold
at all?'
ss "No gold Of our own. We borrowed
S900,O00,000 from a few Americans at
3 per cent. and spent that running the
government-and we've got to pay it
back; Then Cleveland borrowed $780,
OOoOOO more from the Rothschilds and
the English at per cent, while our own
people. were crying for it at 3 per cent,
and that we've got to return in gold
TO tell you the honest truth, this nation
has got Just $90,000,00O worth of bor-
rowed gold in the treasury. 1t isn't
ours, 1t is borrowed to prevent a run
on the treasury, with $1OO,OOO,OOO in
gold due the people besides. Oh, if we
had bought gold when we coined that
So0S,0O0,OOO worth of silver now lying
idle in the treasury, as England, France,
Germany and Russia did, we. would be
laughing stock Of Europe then"
Did England and the other nations
stop coming silver?" asked the Popu-
"Of course they did. They rang the
bell and put out the red light against
has coined STAG, 100000 in gold and only
SD, 100000 in silver; France has coined
Sl3,OOO,OOO in gold and not cent of sill
yer, and Germany has coined S49, OOO.-
600 in gold and only S4,5OO,OO0 in silver.
They have been hugging the shore. while
our miners and Populists have piloted us
into deep water"
"How much silver Is there for each
person in the big nations?"
1--WE have SO in silver for each person
in this country, but the people only take
20 cents. They kick IS back into the
treasury. England has $2SS per person.
Germany has $4.35 and France S12, but
80 of it lies idle and all silver coinage is
stopped, and their red lantern hangs
out"
Some nations have free coinage" sug-
gested the Populist
"Certainly-and look at their condi-
ton! They are bankrupt. Our silver
dollar is still worth 100 cents in gold
anywhere on earth. But in the free coin
age nations, like Mexico, Japan, China
and India, where free coinage has bank
rupted those nations their dollars are
worth 90 cents. They have no gold.
Gold fled with free coinage. 1t will do
so again."
china has no gold at all you say?'
None at all. China has $75O,OOO, 900
worth of 5O-cent silver, but no gold:
India has $150,O0O,000 in silver, and no
gold; Spain, wrecked by too free coin
age. Of silver, has $166,0OO,OO in silver
and S4O.O0O,O00 in gold, and Mexico has
gold" FO'00''00o III
How much money to the person cir
culates in those free coinage countries?,
asked the Populist.
China has 1920, while the United
States has S25; Mexico has S.: India
your
there?"
Everyone. Every man has lost half
his wealth; A man in Japan, Mexico,
China or India who was worth $1,000
thirty years ago is worth $500 TODAY.
The pay of the laborer has not been
changed, but man who gets 10 cents a
day in China, Japan or India really
gets 5.
when I went to China" continued
for $500 in American dollars. When /
got there | found $4,000 to my credit
IN Mexican or Japanese dollars. Now
who has ever lost anything by the Amer
lean dollar? Not man. 1t is as good
as gold. Our good government has put
gold under it. But free coinage wGuid
break the camers back. 1t would bring
us to the level of Mexico and India ("
What would be the first result of
free coinage?' -
"All gold would hide away. Then we
are now exporting annually $4,000 900
worth of commercial silver and SELLING
enough to make dollar for 80 cents
That is 81 to 1. The free silyerites
want their silver coined like our coined
silver, 1G to 1, and handed back to them
With the government paying a double
value for silver expectation would cease,
and the government would pay the min
ers $S0,000,000 for what they are
now selling for S40O0O,OOO. Then
the output would increase. We
mined $S2,0OO,000 worth of silver
i'm 1892. In 1896 we would mine
S20O,00O.000 with the price dou-
bled. We would have to take it and