Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1896-08-18

son who will give the matter careful con.
sheraton. Mr.; sherman was at that time
speaking or the contraction of the vol
which o he set forth apples, i there e g
Dlaine's View.
Mr.. Blaine discussed the same principle
in conrcction with the demone tization OF
silver. Speaking IN the house Of represent
1believe the struggle now going on in this
country and ether countries for a single
g9ld standa{d would, It successful, produce
ldespread disaster in and throughout the
HRfnmercial world: The destruction of sill
1ver as money. and the establishing of gold
as the sole unit OF value must have ruin
Gus effect on all forms of'property, except
those invested which yield fixed return
irnoney. These would be enormously en-
,portionate and unfair advantage over
every other species of property.'efI- - ~ >
- Is II strange that the holders OF invest
ments which yield a fixed return in money
can regard the destruction of silver with
complacenoy? May we not expect the hold
sts Of, OF Other t1 ferns Of properly 70 protest
F~Eand unfair advantage over every other
icies OF property?Y. II the relatively few
whpse wealth consists largely IN fixed in
enhance the value OF their investments,
have not the rest of the people the right 10
use the ballot 10 protect themselves from
the DISASTROUS consequences of a rising
i5tAndardH#ffl y ltR.AkAtfs1W 't+E0 81
"a Dollars That Grow Not Wanted.
What shall II profit us to have dollar
which grows more valuable every day, II
ilization and brings distress tS the peopie9
What shall II profit us If. In trying to raise
our credit by increasing the purchasing
power or one dollar, we destroy our ability
Il. pay the debts already contracted by low.
ucts WITH WHICH these debts must III be be pa aDi
WIN No Longer BE Borrowers. AZ
IL Y is asserted, as 1t constantly is as
serted, that the gold standard will enable
US TO borrow more money from abroad !
lrsH,y that the RESPIRATION OF bimetallism
property, and thus permit an era OF pros
perity which will enable the American peo-
PIE 70 become ioaners OF money instead
OF perpetual borrowers.
What Free Coinage Means.
AS against the maintenance or a gold
nations can be united for its overthrow
emphatic demand for S the im fn hne
restoration of the free and unlimited coin
age OF silver and gold at the present legal
for the aid or consent of any other nation
we are not asking that new experiment
be tried led; we are ,, insisting upon return
perience OF history and supported by ali
the prominent statesmen OF our nation
from the days OF the first president down
When we ask that our mints be opened to
the free and unlimited coinage of silver
asking that the same mint privileges be ac-
SSd W sH sysr asN nG
at the ratio of sixteen to one we simply
silver dollar-which. be Il remembered.
as the first t silver dollar coined at our
snints-retain their present weight ana
The theoretical advantage of the BIZ
metallic system is best stated by Euro
pean writer on political economy, who
suggests the foll wiz gill ustratlon: A river
Volume than a river fed from one source
the reason being that when one of the
feeders is swollen the, other may be low
whereas, a river which has but one feeder
must rise or fall with that feeder. So. in
the case of bimetallism, the volume of
Imesali,e money receives contrtbItions from
and therefore varies less; and the dollar
resting uponttwo metals Is less change
g3ie In it's purchasing power than the dol
lar which, rests on one metal only.
- Actual Necessity for Bimetaliism.
There issan actual necessity for bimetal-
lism, said Mr. Bryan, as well as theoret-
ieal defense OF 4. During the last ~ years
legislation has been creating an additional
demand for gold, and this law-created de-
mand has resulted in increasing the pur-
seh HHne9 81 Eed nte
S[{ltes viii talse away from gold just so
much OF its purchasing power as was ADDED
the United States. The silver dollar IS now
held up 70 the gold dollar by legai-tender
laws and not by redemption in gold, be-
cause the standard silver dollars are not
now redeemable in gold either in law or by
administrative policy; We contend that
States alone viii raise the bullion value of
SILVER, SILVER 70 It's coinage value, and thus make
SILVER bullion worth $l.29 per ounce in gold
international Bimetallism.
Mr.. Bryan devoted much attention to the
subject or International bimetallism. In
ternational biTnetallists, he said, believe
agreement to coin at fixed ratio all the
gqa and silver presented, can maintain
tnhobullion value of the metals at the mint
rstfo When mint price is thus estab-
lished 1t regulates the bullion price, be-
cause any person desiring coin may have
tho bullion converted into coin at that
SECURE 1t by melting the coin. The only
egH question upon which International bimet-
Isl: Can the United States by the free and
unlimited, coinage of silver at the present
legal rayo create a demand for silver
winch, taken In connection with the de-
nand already in existence, win be sum
Client TO utilize all the silver that will be
SeT efen a. ~ 6se th mints They agree in
they agree In unalterable opposition 10
the gold standard! international bfrnet-
gives benefit to the mine owner, because
International bimeta!lism gives TO the
owner or silver all the ADVANTAGES Offered
by independent bimetallism at the same
ratio. International bimetallists cannot ac-
cuse the advocates of free silver OF befoe,
"buliion owners who desire to raise the
value of their bullion" or debtors who
desire to pay their debts in cheap doliars.i's
or demagogues who desire to curry favor
with the people. They must rest their
oppnsition upon one ground only namely:
That the, supply Of silver available for
coinAge is too largo to be utilized BY the
United States. ~ =
IN discussing this question we must con-
sider the capacity Of our people to use sill
yer and the quantity OF silver which can
come to our mipts. 1t must be remembered
thai we live in q country only partially de-
veloped, and that our people far surpass
any equal number of people IN the world in
their power to consume and produce. Our
extensive railroad development and enorl
nous internal commerce must be taken
into consideration. Now, how much sill
yer can come here? Not the coined silver
OF the world, because almost all of IL is more
valuable at this time irf other lands thanlit
will be at our mints' under free coinage.
II our mints are opened to free and unlirn-
TIED coinage. at the. present ratio mer-
chandise silver cannot come here, because
the labor applied to II is worth noreiin the
form of merchandise than II will be worth
at our minis We cannot expect any of the
annual product OF silver, because' India.
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