New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-18
THE FREE.sJLvER ARGUMENT RIDDLED
REPRESENTATIVE OF SOUTHERN BUSINESS
INTERESTS SHOWS THE PALACES or
THE sILvERITEs.
From Dixie. Of Atlanta, Ga, for August


Let us consider the probable effect that iTee fT
age would have on the market price OF sMvep
bullion Tor this is the point upon Wnicn ppniS n
agreement betwt the strong commerclai na h
the 10 cO effect Of Immediately advancing the price Of
silver bullion II such an agreement ea o cou n co pe
and maintain PAL with gold only me SILVER ii
bmetalliss and many who now vigorously oppose
free as 10 the pc eooperave
coinage by the principal nations 49,. oo.,,o. oor-
sder the matter from the standpoint Of interna-
tional action. The success Of the silver parry IN
action by this country alone. The unlimited coin
age Of silver dollars at the present Weight and n be-
coined for all individuals or corporations without
dscmpaton Against native N6 or ,be pfic of silver
advance 100 per cent on account OF free coinage 10y
dollar deprecate TO the present market value r OF
silver bullion and become ccent i6aa no one
would sell silver in the open market f4r o, cents or
indeed doT o any doars Without charge We refer
OF course to the quantity Of silver used IN ooila
onncnl This argument would hold good provided
The United States would guarantee that each OF
gold ana was financially able to carry OUT sucn a
stupendous undertaking Deoerabe c4nsroeratlH
a. Hrst he some advance in the price OF silver but
mai any considerable advance would result In an
influx 81 foreign bullion that would deprcc'a'e our
coinage" advocate falls back upon the theory OF IN
fation. con,endlng that cheap money would mean al.
seller and abundant money for the buyer yer We .o,.
This brings us TO the main point at issue we cen
dation Of prices would affect all classes like We
believe tina, such condition OF finance "onid prove
exceedingly harmful 10 the interests or the wage
Garner for the very good reason that the hecesslS
Of life would double in value while MS wages wo s
unproven declaration nor do We ask that me
ence Of other nations be accepted we ash ~ h n
sifei le5i ina" absolute anu '4'''N'' :.
Here is the proof: The value Of staple article, is
regulated by the worlds demand. The va.ue Of a
days labor is regulated and fixed by nome demand
The value OF exporable Commodities will always be
measured by the worlds money standard The price
Of labor will always he measured by the money stand
Worldwide demand would be the eaven to raise the
local price OF staple commodes-no that the actua!
value % these commodities would cnanse out :.
would take more Of cheap money 10 buy them
and prevent their expectation Labor would nave no
markets Of the world IL would have to accept legal
tender money OF the United States.
What influence would advance the wage Of labor ?
This is the ail-impo rant issue with the man who IS
thousand bushels Of wheat may sell Il here von-
der as vii best serve bis Interests Has ne Ta i
Garner prof, by this privilege No, at all. The
reach OF his arms. He may earn dollar only where
ne stands. and his capita the ability TO perform
mus; be s,srfed else reward for ,baf dv Ie To-. for
ever The laborer can neither hoard his energies nor
'ealiz e., upon labor unperformed -, ,
only: labor and garden truck. In the nature OF
,hings local conditions con only rfuence either.
The Ia Y OF supply and demand regulates all values
but one important fact must not be overlooked:
the value Of non-per'shable commodities Is rcgu-
lated BY the worlds demand while local dcma nj
and local influence govern the value OF all perish
abe commodities and the price # labor.
Upon what. then must we depend for a return
OF prosperity? Is II not Industrial activity? No
system OF finance offers money 10 idle labor or
profit to idle capital Labor must be operative and
capital must be active, else neither can receive
profit.
A revival OF industry. then. is our supreme need.
Industry withers when capital loses confidence and
seeks safety i'm idleness Capital is timid. but no,
wicked 1t does remain idle through malice.
out when It's safety f. doubtful II seeks the bank
vault. II majority OF the ballots deposited IN
our fall elections shall protest against deprecated
currency. capital will burst its vaults and quicken
INDUSTRY everywhere.
Away with prejudice: let reason together.
Labor and capital are demanding employment.
Labor must believe IN the certainty OF us reward.
and capital must feel sure Of profit. else both will
remain Idle. Let destroy existing doubt by
crushing the false doctrine OF free coinag". Let
ls rally under the flag Of truth and rebuild the
temple OF confidence. and let us build II so well and
upon firm a foundation that its wall will stand
forever patriot true is he whose hand and
neart shall aid this worthy cause.