The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-10-27
Murray oiLy.


of the 30 inst, see an article en-
titled. "a Miners Views" or"Puints
on the Financial Question Consil-
ered," on which article wish room
in your columns for few com
ments.
He commences by saying. "Up
to the present campaign no work
ingmen have given the proper
attention to the question of politics.
| viii admit that there is class Of
workingmcE that have been allow
ing hlathcrskitCs and politicians,
do their thinking for them. To
that class of wUrkingmcn, pre-
sumo, (from the trend of argument
he uscs) the writer of that article
belongs. Judging from tho argu-
mcnts that were presented in his
article one would suppose he be-
longed to the primary class in
political economy. lie said: under
the present coinage laws of this
government, the silver mine owner
takes his bullion TO the mints and
receives the market price Of silver
for it, about 50 cents" / presume it
would be interesting information
for the persons who are in possession
f,f 1i lnt N 4 N
would explain under what law the
government is directed to purchase
any silver bullion at all. The facts
are there has been no silver bullion
purchased since Nov, lst. 1898, the
date of the act Repeating the pur-
chasing clause Of the Sherman act
He also says, (millions of dollars
have been coined this year and he
would like to know how any Dem
ocrat can better the condition of
things by free coinage.) There has
been coined from January 1st. to
June 30th., $7.5001l2 silver dollars
and subsidiary silver to the amount
Of 81 ,3jG,30l.70 making a total Cf
$S,SjG,7l3.70 Mint Report circular
No 1913, page II. This on the face
looks very PLAUSIBLE, but, when we
find that only the gain or seignior-
age Of this is added to the money
in circulation and the remainder is
held in the treasury for the edemp-
ton Of Treasury Notes, and as fast
as said notes are redeemed they are
Cancelled, or destroyed thus leaving
us no more money in circulation
than there was before this enor-
nous sum was coined. For this in
formation l would direct you to the
athority above mentioned, page u.
Now, what we want is more money
in circulation and my friend is not
so ignorant as to suppose that that
can be secured, by coming one
dollar and destroying another. He
would like for some Democrat to
show how any commodity, when
an over-production, can rise in
value. Now, there is no over
production of silver. In the report
of Mulhall the London statistican
we find these figures: In the year
1900 there was 81 tons of silver to
one ton Of gold. In 100 there was
81 tons Of silver to one ton Of gold.
In 1900, SO tons of silver to one ton
Of gold. In 1913, 81 tons Of silver to
one ton Of gold. In 1880, Is tons
of silver to one ton Of gold. In 1890,
is tons Of silver 20 one ton Of gold
If there WAS no 0vcr.pr0luctiOn Of
silver when there was 81 tons OF
silver TO one ton Of gold, and, Tie
two metals were kept on "A parity
Mith each other, at u ratio Of li.SI
10 /, | wou!l like for some gold bug
to tell me why they can not be
Kept on a parity now at ratio Of
l6 to ], with the much diminished
production of silver in porp1rtion
to gold. He would also like for
some free silver advocate to point
how the wOrkingman would be
benilitted by the free coinage of sill.
vcr. In the beginning Of his argu-
ment he arraigned wofkingmen
for allowing some one else do their
thinking for them. And yet he
presists in wanting Democrats and
silver men to give him all needed
information. II would he well if
he would east aside party prejudice,
study the question for himself and
then he would be more competent
to give us some pointers on the
financial question. IL has been the
expressed opinion of political
economists in all ages, that an in
creased circulation of money,
causes rise in prices. Riseing
prices restore confidence, and moth
ing else can restore it. A manu-
faeiurer may have all the conf
dence that it is possible for him to
have, but he can not do business on