Marietta daily leader. (Marietta, Ohio) 1895-1906, 1896-08-27

ence could be convened and an immut-
able coinage ratio between the two
metals established, then the unlimited
coinage of silver at that ratio would
not injure anybody, because it would
then be recognized as on parity, or OF
equal purchasing power with gold, but
this matter has been tried and so far
has met with failure. President Harri.
son convened such conference at Brus-
sells, and the matter was freely dis
cussed, but no agreement entered into.
The democratic party also was
placed in power it was too busy in de-
stroying the Mckinley tariff law and
emptying the treasury Of that obnox-
ious surplus, to give further attention
to international bi-metalism.
Our nation is now keeping her cur
rency, which consists Of gold, silver
and paper, on a parity as to purchasing
power, but she does it from a gold
standpoint.
rs $40 grs. of standard gold is recog-
nized all over the world as being of
the same commercial value, and we
look upon anything as being on pari-
'ty with it when fixed quantity of it
is exchangeable for it. We exchange
our gold for OUR silver and paper.
With us we call 25 $40 grs. of stand
ard gold dollar, Mexico calls it paso,
India, a rupee, Japan, yen. hut all
are of the same intrinsic value, and
really it makes no difference what
shape gold is in, whether coined in a
lump or bar, or dust tied up in rag, If
it weighs 25 $40 grs. it is our dollar, or
its equivalent anywhere in the world.
It's commercial worth is fixed to stay
Silver bullion huctuates in price, and
will until all the great powers of the
earth shall agree upon permanent
ratio between it and gold, and any
country coming it, expecting to keepit
equal in purchasing power with gold,
must place herself in condition to ex-
change the gold for it at any time when
called upon to do so, else it will only
purchase it's commercial worth of any
thing offered on the market.
Again history brings forward the
fact that no two kinds of money of un-
equal value have ever circulated on
parity together, as the poorer has al
ways driven out the better. The better
has always demanded a premium, and
the poorer has always become the cur
rency of circulation, moreover the
poorer has always deprecated in pur
chasing power.
With these facts before us, anybody
should know that without an immut-
ably fixed ratio between the two met
ais, any nation coming it must do so at
it's commercial worth and if the COM
mercial worth fuctuates from day to
day, it's worth fluctuates accordingly.
Carefully look at the facts now. If
our nation should be foolish enough to
adopt the democratic policy of the free
and unlimited coinage of silver at the
ratio of 16 to l, and that 3714 grs of
that silver should constitute our dollar,
just then Uncle Sam must either make
it dollar, or say to the world that
fifty-cents is dollar.
Uncle Samuel is good, kind and gen.
erous but he cannot make silver gold,
nor can he make the people of the
world believe that fifty cents is dol
lar.
The destruction of our tariff system
was hard blow on us, but the destruc-
tion of our currency system would be a
much harder one.
Sound money is about the best kind
of money we could have, and while all
the great powers of the world accept
our money without discount, think
our good sense should dictate to us
the propriety of letting good enough
alone.
fCnptfpuad fo.p,nrrouv