Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1896-08-06

Cut Your Policies In Two-You Have Put
In 700 Cent Dollars and Should Get
Back the Same Kind.
Colonel Greene, president of the
Connecticut Mutual Life Insurance
company, has addressed "A letter to the
ESQ, 900 policy holders of the company,
in which he says
We never supposed it necessary TO
provide that you should pay your pre-
miums or that we should promise 70
pay your policies i'll any particular kind
or quantity of dollars; both-with the
exception of certain Canadian lnSur-
anCcs made during the civil war and
while gold was 1T Il prcmlum-arc pay
able i'll lawful money only on the
confident assumption that the American
people are sufficiently honest to keep its
dollars meaning what they were meant
to mean and always had meant.
But now comes Il political party and
avOws its distinct purpose to make Il
dollar mean three distinct and widely
different things: % \ gold dollar.
NtL III as bllllNIl wv Nt'IllS uIlN w lit u III
the world GU a silver dollar, worth rs
bullion only 81 cents at the present
time; (3) all the paper promises Of dol
lars to he hereafter issued by the gov.
crnment only, rcdccmable i'll either 100
cent gold dollars, 81 cent cor less) silver
dollars, or i'll new promises to pay. 1T
the option Of the debtor or rcdeemer.
Il, ~, J., l i,,t :
least valuable Of these dollars would re-
main III use The invariablr experience
of all the ages fixes that fact before
hand.
Should this party 50 lea come to pow
CT upon this platform, the government
dues, instead OF being paid, as now. i'll
gold at 100 cents, on i'll paper, which it
now redccms with such gold and never
with silver, would bo paid i'll silver or
III paper redeemed IN silver, which sill
yer we could use i'll trade at only its
bullion value Of - cents ON the dollar
The grconbaclls l,o.ug then redeemed III
- cent dollars, the government hond:
and their interest lcing paid i'll % cent
dollars, our national bank cmrrEcy,
dccmablc in - cent grcrnhacllS and the
gold gone from domestic circulation in
to international trade, we shall b. Oh
the single ~ cent silver dollar basis
One hundred cent gold dollars do net
swap oven fnr - cont dollars of silver
iron or copper FjttN-tWo cents worth
If anythin. can uevyl. hry more than
80 cents worth Of ANYTHING else Then
Tho purchasing rowrr Of vour pnIirir,,
Will ho cut III two.
Cowi,g u1.cu Il silver basis would in.
tcusply stimulate. again the production
OF lycr The tyrs alr now ca1il Y ac'nS-
sih,u, in IN NhaustlbIo quantity. from
which silver can Ia nuG l.u3l tia mar
Ilrt at u profit Il 80 t. 30 cents IN
ounce. ~ which price Il "~ikcr d0llar'
would be worth 30 t. IS cents or les
than 4 grecuhark WAS during the dark
est DAYS Of lN64 Under that stimulus
and under such conditions th.rn can 10
no pcsSihle doubt that the price of silver
would steadily decline on tho average
toward thcr9iut at which it can be pre-
ducvd, which iii some mines is said to
be- already ly>, than - cents IN ounce,
and inventions and Improvement have
not ceased. should we come upon sill,
yer basis rour policies would for the
present he paid III ''dollars' worth to
your families only about 80 cents; and
the great bulk of them would probably
be paid III dollars worth not moro
than from - to 30 cents
II l.. tI,,7pfDrr ,4Ig,, ilf1tv t0 Nv1yIt Won