Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1896-09-23
HOWITWILLHURTME
FREE COINAGE FROM The iNplvlo.
uAL STANDPOINT.
MY Rent Would Ito Doubled and MY
Clothing Would ccst Twice ~ Much--I
Might ISh,b,h NY Earnings and wosis
Bc No better on.

Clothing Would Ccst Twice NJ Much--g
Might nh,bih MY Earning. and woaia
Bc No Better on
"Iiow would frcc ccinngo infect mes"
This Is the qScstion that millions Of
voters arc asking tCdry, and IL it is
answered intclligcu,ly Mr.. bryan wilE
To swept out Of sight in November,
says the New York Herald.
II you are working for wages or =
salary on IL you are in receipt of u fixed
sum from Investments or from n PEN
sion, then free coinage would virtually
reduce your income nearly onc-half and
compel you To live OH much poorer
scale.
You would receive DUST tho same
number OF doilars as ut present but 10
would take nearly 50 to buy M much
clothing or food as you now got for o.,
your rent would DO noarly doubled and
every itcm in thJ'cost Of living would
be advanced In tho same proportion.
Do you doubt thisf Reflect moment
The lenders in tho FREQ silver movement
haTc nvowcd that their purpose Ia to
ADVANCE prices. They tell tho farmer
chat with FREQ silver ho will yet twice
as nudh for his wheat and corn M he
now recoivcS Tho intrinsic value OF
products woUld not bo changed by any
trick we might play with cur 'coina
Tho prices of products in tho great mar
kets of the world would not bo ad-
vanced, and right here tbcy would not
exchange for any more gold than be-
fore, but they would exchange for more
Of tho silver dollars which with FREQ
coinage, as wo will presently show,
would he worth about 58 cents each.
But they would by law bo full legal
tender dollars Your salary or pension
or wages would be paid with these dol.
lara They arc tho dollars I'm which you
would receive your income from invest
ments unless you have specially con-
tractod for gold. nIf any man owes you
800 Inc could pay you with 100 of these
coins. which would buy no more in the
markets than you can get with f58 to-
day. If your life is insured for $40, 900,
and you should die, your family would
receive 1o,O 900 Of the deprecated dol
lars, which would only buy as many Of
the Decessaries Of life as o, 800 of the
present honest dollars. II you have
something in q savings bank or in o
building association or loaned on bond
and mortgage 1t would come back 70
you in the same way In SO cent dollars
IL man has $50 in his pocket and
chooses to declare that 53 cents In a dol.
lar. he may fool himself into the belief
that ho has sI9 instead of $40. but If he
goes shopping and tenders 53 cents for
81 tho merchants will very quickly nd
just their prices 10 his dopreciated
standard. When he selects an article
marked $40 they will say "Oh. yes,
that is the price In the old fashioned dol
lars, but we must charge you &lS. o."
Now, tho government can't create some
thing out Of nothing. 1t con call SO
cents worth Of silver 81 and make 10
legal tender fer 81, and 80 compel prcs4
ent creditors 10 accept it as payment for
81. but 1t Ia impotont ns any individual
to give Ii the purchasing power Of an
honest dollar, because every merchnrt
at once raises the price of his Eoodn ~
offset the depreciation in the measure uf
value
But how about tho masaes who work
for wages or salaries? They would be
the chief sufferers. because they could
not mt once mark up tho price Of their
services. They would continue TO get
the same number Of dollars as before.
but could buy only about half as mncfT
with them. Tho dislocation Of tho cur
Yency would dcrange many industries
and Lessen the demand for labor, 10
that any rise in wages would come but
slowly, and they would perhaps never
again reach their present high purchas.
ing power, Savings banks, building ns
socigtions aud insurance companies
would be compelled to pay in the cheap
I dollars, .becaueo the moneys intrusted
70 them are invested in various ways
and could be COLLECTED in nothing bus
:the dcpyeciated currency. The active
man df affairs would find Opportunities
in shifting values aud general derango-
ment, and If the income qf the million
nire were cut down one-haif It would
not seriously incpDveniehce' him, but 10
would 90 hard'with the worker, who
could buy only half as much az before
with his wages. The rich could take
care Of themselves. but the masses
would suffer. o..
The question israaked, Why shouid
not "A silver dollar. under free coinaQs
buy M iducif ms, it docs now7 Becanse
there W only u limited. number of, the
silver d6llafS pOw in existence and tho
government Is able 70 keep them equiv.
aleHt 10 gold dollars Hut IL az the
world were permitted TO bring silver 20
the mints and got q silver dollar fox
every B7iA grains of IL the govern
mcDt could not keep this unlinited
number Of dollars &C parity, and, hko
those Of Mexico, sthey wouid have 10
circulate at tho valno- nf the bulldog
they contain, and this at the preaoris
price Of silver is about 80 conts