The Canton times. (Canton, Miss.) 1893-1906, 1896-08-21

price, ana any person das;r;, CON at M
secure 1t by melting the onis bullion d
4uuestion upon which internsti, The Oh
alilsts ard independent bimatnonnal bin,
~ San the United States by 1 shast did
, agai W coinage of silver at IN M Tree a
w6anh 49, create demand "a forp rese
mnnd aiready ~ connection with NY slly
Client 70 utilize all the silver w ~ be sui
presented at the minis? Tbsnat Will
their defense Of the meta,l,n NY agres
they agree In unalterabla dpslneiple q
tne gold standard. Intern, tv9ppostion
aimsIs cannot complain that fras bms
EYES q penef1t to the mine owna ue eolna
n n bimetallism gives usI' o,ecan
nv indene 1dsrr al the ADVANTAGES ~ ~. \
ratio. international bime.ajl,sasa. the sui
cuse the advocates Of free S,s cannot 4
Duliion owners who desire ~ Of bet
value OF their bullion" AZ ~ raise n
desire to pay their debts in cbs aeolors vi
or demagogues who desire IN ap dollars
with the people. They must curry fay
opposition upon one ground on,v ,est ths
Inat the supply of silver nWsi,a nta,meg
United States. - at'iized by 4
tn d.lssc c this question we mp.. \.
eider the capacity of our peon,e ~ nu ny ca
yer and the quantity of silvar e 10 70 use 4
come to our minis. It must he ro mmicn q
that we live In country oniv M e stii1per
yeloped, ard that our peonia tss - q
any equal number of people in IN iSa surpa|
their power to consume ard nr az worlo|
extensive railroad developmantt u anS "
nous internal commerce mrst NV NV slc|
into consideration. Now, how r NJ W.
yer. can come here? Not the co,n msdc w
2. PINS ine World. because almost all Of il ny
valuable at this time in other landsthas
If our mints are opened to free 81 ~ so ,n,
tied coinage at the present rat ta ualil
chandise silver cannot come hero M .n
the labor applied to 1t is worth moy s1Ss
form of merchandise than II viii h y!
at our mints. We cannot cxpect am w ~!
annual product of silver, becauss' III 4,
China, Japan, Mexico and all other s diu
using countries must satisfy their .nn,3
needs from the annual product. tba !.
Will require large amount, and the NJ
standard countries will need a consdesra NJ
quantity Tor subsidiary coinage. We viii
required to coin only that which Il
needed elsewhere; but If we stana ~
to take and utilize all of it, Other NAH
will be compelled to buy at the prce Nm
we fix. Many fear that the opening ~ \
mints will be followed by an enormous
crease In the annual production n siv3
This Is conjecture. Silver has been NJ
as money for thousands of yeara
during all of that time the world has nay
suffered from an over-production.
Coinage Requirements Under Silver.
We will be required to coin only Il
which is not needed elsewhere: but II
stand ready to take and utilize all n
other nations will be compelled to buy
the price which we fix Many fear Il
the opening of our minis will be folloN
by an enormous increase In the ann,
production Of silver. This Is conjectu|
Silver has been used as money for I'M
sands of years, and during all Of that ii
the world has never suffered from 4
overproduction. If, for any reason,
supply OF gold or silver In the future Il
exceeds the requirements Of the arts 4
the need of commerce we confden|
hone that the intelligence Of the ped
Will be sufficient to devise and enact n
legislation necessary for the protection
the public.
It Is folly to refuse to the people
money which they now need for fear "A
may hereafter have more than they me-
/ am firmly convinced that by opening
minis to free and unlimited coinage Of
present ratio we can create demand
silver which will keep the price Of sly
bullion at $1.29 per ounce, measured
gold.
In the value of silver when measured
gold to the fact that during the last guar
Of a century the worlds supply Of ST.
has increased more rapidly thanthe RI
supply of gold. This argument IS eau.
answered by the fact that during tle
five years the annual production 81
has increased more rapidly than the 10
nuai production of silver. 4.
Our opponents cannot Ignore ~
that gold is now going abroad N splssys
legislation intended to prevent II, ~
silver is being coined to taKe ts b p,si 4 4
only is gold going abroad now, Dua y
Continue to 60 abroad as long as tne
emf financial policy is adhered 70, unles
continue to borrow from across ths "
md even then we simply postpone WIT
hecnrse the amount borrowed, wSv
with the interest upon It, must DC ~
IN appreciated dollars
Not Advocating Fifty-Cont DollA1s
Following in an earnest argument 0, n
tha RESTORATION Of bimetailsmI
prval1 said: Perhaps the most p Y ~
characterization that We navs .u " ,h WI
the charge that we are adV9cns,. nrs NJ
ment of debts In ee,cent u0a,a iavsa
present time ana unuel ,oses nearly
1 tfgnW
~. ,-ai,,e. hut that will not DC W.
we arain establish a mint prie a, N ,hs A
ana ieaye no surplus silver upv .,u m
80 ~ ara q down the price OF pn v, ~ "a
der himetalljsm silver bullion w anlS II mi
az much as silver coin, JUST a. a. d sJ Ind
is now worth as much as go .,,;l, G he VortI
believe that silver ooilai wa
much as a gold doilar, ,uitv of the IN
THOSE who deny the aplilty ~ bstSseu
lnose ,rtoio the parity oeInsss.
"a ai,ver at the present iegaa and
a,It foreign aid, point to M s,nts Viii N
.A silver basis and rais seoS S oif
a.,t,,m II is no reflection a appIa MI
"a ren,iblic to remind our psV Kan nj
fInited States Is much gread'ii IN coTma
in area, In population a ~ assert that
strength. 1t Is apsufu hIs 10 do any!
United States Is not t,a aS to accomplsl
Wn,cn ~ thing necessary ~ 6e1
Inc Che narity is to furnish I,r.r
MAINTAIN rb 10 utilize all the sn,%
gLeas to the minis. Tnat a IA ID
WIN W. AZ co This is not proc, .n rsssoonse i
~ ~. would also fail. In resashIreH
Eminent that improveSu, sHvsf,
iessened the cost OF PTou aay hat ths
Rrvan said 1T sufficed " ~ ~ gold sre
| r. true Of the prooucldh has risen %
withstanding that guy sm-., AnsSe
Arguments Against en snrerous
Ha replied In detail 70 70 y is ssssr
! -ants arainst silver, II ~ - ~ slyeF
said' that the free co,nnsfit Of ne
tended only for the ,U,cesmbered tDn
| owners, II must os 100 n tine mine
J coinage cI ,hsn demonetizatioin, s sS 81
any more ina aiso be remempelosfs lvt
ana u S the demonetizalo.ss 4 ID
brought to the !. mine ne loss loss which ~
cant compared TO t ne rest Of e.
cy has brought 70 70 silver Will of ~
The restoration, " many times - n