Freeland tribune. (Freeland, Pa.) 1888-1921, 1896-08-24
'REELAND, PA, AUGUST "a, 1896.
Very Instructive "obiect Lessons

The "objcct lessons" which several
manufacturers began giving their en-
poyes recently have come to sudden
end. These 'philanthropists' thought
they saw Il cheap way of convincing
their workers of the doclful effects Of
unlimited coinage, and began paying
two Mexican dollars for each dollar due
to their help for wages. Mexican
dollars at that time were selling at about
81 cents each in American money, but
50 many ''obiect lessons were being
given that the supply became scarce and
,hc sleepy but willy Mexicans quietly ad
yanced the price until it required 60
cents to purchase Il Mexican dollar.
The "object lesson pupils kept taking
Us many of these GO-cent dollars as they
could get at the rate of two for dollar
until the manufacturers finally awoke
TO the fact that they were coming out at
he small end of the horn. They
naturally closed up their ''obiect lesson
schools and now the pupils are consider
ng this irrcfutablc fact: If the insight
icant demand created by Il few manu-
'acturcrs can in three weeks advance
ohe price Of silver in Mexican dollar
from 81 to 60 cents, why cannot the
United States government, by creating
IN unlimited demand. advance the price
If silver in an American dollar from SO
to 100 cents?
The ''object lessons wherever insti
tuted, have proved vcritable boomerangs
to the gold mems claims, because the
lessons have demonstrated conclusive
y that an unlimited demand for an
article limited in supply will raise the
| actual value of the article to the figure
set upon it by the man or government
who will take, at stated price, all of
that article that may be brought to him.
Such is the claim of the silver people,
in answering the sneering accusation
that they are trying to establish 53-
cent dollar, and their claim is a valid
| and logical one, and is proven so by the
past history of the world, from the time
that civilized countries made money of
silver down to 1873, when it was de-
monetized by the greatest nation on
earth.
If further proof is needed of the
ability of this government to maintain
| silver at the value stamped upon it, the
case of gold may be taken. The United
States has unlimited coinage of gold.
rhis the Silycrites do not desire to
change, but ask that silver be accorded
the same privilege and be restored to
its rightlul position as a money, which
ii is not today in this country. In the
trst coinage act passed by congress, on
april 2 1889, it was decided that %. 8
grains Of standard gold should be placed
in gold dollar. From that day until
the present moment 25.s grains of
gold have been stamped by our
government as a dollar. Gold fields in
abundance have been found during the
past loi years, but their enormous out
put never caused a hair-brcath'S differ
nncc in the price set upon the metal at
The mints. Gold can be taken there for
coinage by the carload or not come at
all, but whether the supply be large or
small the governments price remains
the same, and that price is the Indicator
which rules the bullion value of gold,
not here alone, but throughout the
civilized world.
a bulletin issued last week by Mint
Director Preston estimates the output of
gold for the present year at $225, 600, 900,
valued at the price set upon it by the
government. This is $50, 600 600 more
than the value of the production in 1895
and more than double the value of the
amount produced in 1883. Notwith-
standing this increased supply, the
price set by congress 1Ol years ago
remains the same, and for the sole reason
that the government will accept the
entire output. if presented at the mints,
by stamping one dollar ON each 25.s
grains. There is an unlimited demand
ior il, consequently it can never fall be
low the price set by those who created
| that demand. Place silver on the same
| level, by throwing off the restriction on
| It's coinage and making it a money good
| for the payment Of any and all kinds of
| debts, at the ratio of 15.9sS ounces to
ounce Of gold Commonly termed lG to l
/ for convenience sake), and it will return
to its true value.
Not only will it do that, but it will
destroy the monopoly of money that ex-
lists today, Gold being the only actual
money, and it, from its comparative
scarcity, being dear when its value is
measured with labor or with the prod
ucts Of the farm or the brain. it is
necessary that something be placed with
it to relieve the stringency in the bust
ness world and draw it from its hiding
place. Its owners and controllers do
| moi hnslrn this and Nnllld fnht amnins I