The midland journal. (Rising Sun, Md.) 1885-1947, 1896-05-29
The Sequel to Free Coinage.

a contemporary says WHle Tree Sill
yer is a good thing and step in the right
direction no one should be carried away
with the idea that that alone can effect
any lasting change in behalf of the peo-
pie. Free coinage would add but 80 cents
per capita per year to our circulating
medium, and what we want is $50 per
capita Immediately. That is absolutely
necessary in order to supply the channels
of trade sufficiently to keep the wheels of
industry revolving"
This is very short sighted view to take
of the effect of free coinage. The least of
the advantages the people of the United
States would derive from the free coinage
of silver is the amount of money it would
add to the volume of currency of this
country. It would break the back of the
money trust and until that is accomplish
ed, no reform demanded by the Omaha
platform, or any other off-shoot reform
division of the great warning element
against plutocracy and monopoly trust
rule-such as prohibition, single-tax, ref
erendum, etc lis possible. All hope of
any reform Of present economic condi-
tons is shut out as long as the Rothschild
fgold trust remains unbroken.
With the reconciliation of silver by
the United States, silver will be set free
in every country of Europe. The power
which Asiatic nations are gaining as man.
ufacturing nations over Western nations
would be checked. All nations of the
old world must come to America for their
silver. The money of these nations is
increasing by the use Of our silver, and
the steady increase of money of any
nation increases activity in industry and
enterprise in that nation. The United
States and Mexico mine seventy per cent
Of the silver produced in the entire world.
Mexico is using her silver-all her limited
industrial needs require and the most
reliable accounts from that country rep
resent every line Of industry advancing
by leaps and bounds.
The United States is not using its silver
forty per cent of the worlds product of
the white metal-and our business in
every branch is languishing and dying.
We have twenty times the capacity for
the employment of money and develop
ment of industrial pursuits that Mexico
has. Our minis open to free coinage, all
the surplus silver not used in the arts Of
this country and Mexico would come to
them for coinage, which when coined
would be worth to the owners Tag cents
per ounce, in place Of only about half that
amount as under present conditions, with
our closed mints. When the nations
south Of us could buy goods with their sill
yer, receiving at the rate Of rag cents per
ounce, as against half that amount when
purchasing merchandise in the gold stan
dard nations Of Europe, they would bring
their silver here and purchase their goods
here, where they could buy the most for
their silver. The United States manufac-
lures all kinds Of goods that the nations Of
Europe supply and can sell at as low
prices. The inevitable consequences
would be that every nation in America
south of us would trade with this country.
where they could purchase twice the
quantity Of goods, for the same money,
they could buy in Europe.
This is one point gained for free coinage
which is very much greater than the mere
Solitary and lone advantage Of adding 80
cents per capita to our circulation. This.
however. is only part Of the direct and
immediate advantage that would accrue
to this country by opening our minis to
free coinage again.
Silver bullion throughout the world
would rise to the mint value Of silver in
the United States This result would be
forced by two impelling forces. There
not being silver outside the Americas sui.
icient to supply the worlds wants in the
arts, the price it was in eion in the United
States would have to be paid, aud the flow
of trade from American countries south
of us to the United States aud away from
European countries, world force them to
bid up for the purchase Of silver with their
goods, that is, allow the same rates Of ex-
change for silver that this country offered
These conclusions are inevitable. and so
clear to business men that before the bill
remonetizing silver was signed by the
President not an ounce Of silver Ia the
world could be purchased foF less than is
coin value in this country.
As We have stated above this advance
would break the back Of the gold trust
1t could no longer corner money aud
create panics at pleasure, force the yeual
creature who disgraoes our presidential
chair and his craven. corrupt Treasurer 10
purchase gold bonds aud saddle debt upon
the American people.
Such a triumphant advance hy the
United States. would prove to the world
so conclusively the false claims Of the
gold lmoney theorists that all Europe
would rise up against its oppressors aud
every mint would be open 10 free coinage.
These are some ofthe FIRST results which
the opening of our minis to free coinage
of silver would produce. II would be-
akin to adding four thousand millions Of
gold to the coin money Of the world In
the advance in prices aud the revival Of
business
1 1n a