Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1896-09-17


all over the world?"
Double it all over the world, will it ~
Because America says she will stamp
80 cents worth of silver with her dollar
stamp, freely and unblushingly, are we
to understand that that will double the
commercial value of silver the world
over?"
"Of course it will. Can't you see it?"
Not exactly"
prices for the world, does it not? And
the worlds market is a myth, is it?
Strange that you should admit it."
"Then the American market is the
worlds market, and because we have
the monumental nerve to say to the
world that so cents worth of silver
shall be dollar, does that convert the
miserable lie into the sacred truth? No
not though sworn to on a sixteen to
| one Bible
| Let us suggest, in all seriousness, that
if free coinage of the white metal at the
ratio of sixteen to one prevail in this
| country, we make this change in our
own silver dollar, to-wit:
Over the face of the goddess of liberty
we place a veil, and amend the motto SO
that it shall read:
"In God we trust-but the devil is to
pay"
The Bland law and the Sherman law
were paternalistic legislation, pure and
| simple.
The owners Of the silver mines said
then and say now, to the government:
you must take care of our product"
Silver says Get down, Mr.. Govern
ment, and give me a boost"
The trouble is, the government has
boosted until it is well-nigh busted.
Why shall not the owners of iron, cop
per, wheat pumpkins, corn and hogs
claim the same assistance from the gov
eminent.
We have been silver silly.
In the same period we have coined
$G25 100000 of silver as against $626, 000,-
900 of gold
How is it with England, France and
Germany?
England has coined SIP, 100000 worth
of silver and $55O,OOO,0OO of gold.
France, $492, 100000 Of silver, and $685.
600, 900 of gold. Germany, $215, 1OO,OOO
in silver. and $685., OO0,O 900 in gold. Rus
STA has $4,000, 900 in silver and $455,000
in gold.
Thus. you see, we have coined almost
as much silver as the four principal ma
lions across the Atlantic together.
1t is silver saturation.
With no tariff on silver, and free coin
age, where would we bring up?
If it was suicidal to leave the Sherman
law on the statute books, what shall we
say to the proposition for the free com
age of silver? 1t is monetary madness.
Under the operations of the Sherman
law, the government reeled and stag
greed from excess of silver on the ma
tional stomach. And the breezy pre-
scription of the free-coinage doctors
is that the patient shall imbibe still
larger quantities of silver to recover his
equilibrium once more.
Drunk already.
More of the same sort to get sober.
Grant everything that Mr.. Bryan and
standard. Grant that the financial pol
icy of the gold countries is unreason-
able, vile and contemplate. Grant all
this and more.
Shall we insist that eight ounces is a
pound, even if we go to pieces in the
gale that fellows?
"Shall it be sixteen to one or bust?' /"
Il oh !, IL
country be, do you believe it ought 10
stand the brunt of and settle for the
financial cussedness of the rest of the
world?
Our greatest objection to Sixteen to
one or bust" is that it means the lat
ter unpleasant alternative.
1t means the retirement of gold from
our circulation. 1t means silver mono
metallism.
The advocates of free coinage i'm
pliedly admit that their infallihle DAN
They seem to believe that the disease
demands the dose.
In our judgment, the dose is infinitely
worse than the disease.
In the end, the masses would suffer
most.
This is the invariable rule in periods of
financial chaos. The capitalistic classes
can fortify themselves against the I'M
certainties of the future.
Not so the masses. Their power of
resistance to financial fury is at low
water mark.
The experience of other nations
should not be ignored.
Not many years ago Mexican silver
dollars circulated at par i'll the United
States. They were accepted at 100 cents
everywhere. That was before Mexico
married the free and unlimited coinage
of silver.
How is it to-day? The Mexican dol
lar, although full legal tender for all
payments in the republic of Mexico, will
bring but trife over so cents in trade.
This despite the fact that it contains
about six grains of pure silver more
than our 4121 ~ grain dollar of the United
States.
Why is it not worth 100 cents?
Our sister, Mexico, is basking in the
moonshine of the free and unlimited
coinage of silver.