Pike County press. (Milford, Pa.) 1895-1925, 1896-07-24

Impudcnt claims Of sixteen 20 One shout
era At peoria

E~N"-HH~" NHAANNN'AA NAA1HA
ers at Peoria.
The Illinois Democratic state conven-
tion added hypocrisy and double dealing
TO the silverite doctrine Of repudiation
and dishonest dollars when II declared
In Its platform; 1--WE favor the soundest
and safest money known TO man. sss
We demand the repeal Of that Repub-
lican and plutocratic Legislation which
demonetized silver and reduced It 10 the
level OF token money, destroying by
one-hah the stock Of real money. sss
We demand the immediate restoration
Of the free and unlimited coinage Of
both gold and silver as a standard money
at the rate of 10 ounces Of silver TO l Of
gold of equal fineness, with full legal
tender power 10 each metal 4" This deo-
laration for free silver was termed "the
bimetallism which was made the basis
Of our monetary system by Hamilton
and Jefferson
OF all kinds Of frauds the canting
humbug Is the worst. The sincere but
mistaken silverites, who admit that FREQ
coinage at 10 10 would put this coun-
try ON the silver basis, are deserving Of
far more respect than the men who have
the impudence TO talk Of "sound and
safe money" In connection with their
90 cent dollar scheme. Every man who
is old enough to vote knows that FREQ
silver, with the bullion value Of the two
metals ut a ratio of 80 to 1, means silver
monometallism pure and simple. This
is the standard Of Mexico, China and
India, where its frequent and violent
fluctuations and decreasing purchasing
power testify TO its "soundness and
safety" Is that the kind Of money the
American people want7
1t will be somewhat difficult to secure
the repeal Of "the legislation which do
monetized silver and reduced it TO the
basis of-token money, since there Is no
such legislation ON the statute books.
What the Sucker State fnanciers re-
ferred 10 was probably the legisla-
ton which since 1873 has given us
$3.50, 900, 900 Of full legal tender silver
money, not one dollar OF which is token
money, and $75, 600, 600 Of subsidiary
coinage. As there was not $50, 900, 900
Of silver money Of all kinds In the ooun-
try In 1878 and less than $8, 900, 900
full legal tender silver coins, 1t Is hard
to see how ''the stock Of real money has
been destroyed ono half. " Since an in
crease Of S540, 600, 900 is considered a
contraction Of the currency, IL is easy
to understand how the crosseyed silver
ties can believe that forcing 1926, 900,
900 in gold out Of circulation would
give us moro money.
"The bimetallism OF Hamilton and
jefferson" was the coinage Of gold and
silver at q ratio which was as nearly as
possible the commercial ratio between
the values Of the two metals In expert
ence IL was found that whenever one of
the metals was overvalued 1t disappeared
from circulation, the cheaper money
only being used, so that the country was
always on either the gold or the silver
standard. Under present conditions.
with the bullion value of silver 30 times
that Of gold. it would be impossible to
keep gold in circulation, and the coun-
try would go at once to silver basis.
Americans who favor real bimetallism,
under which an almost equal value Of
gold and silver money is now kept in
circulation, must work and vote against
4 free silver recommendation.