The Dickinson press., 1896-09-05
PERKINS ON SILVER.
The Only Eli Tells the Hollow
Tale Of Free
Silver.
HE SIZES UP THE SITUATION.
Good Reasons Advanced for Being
on the Side of
Gold.

sold?" asked Populist of Eli Perkins.
Certainly" said Eli, ''every civilized
nation uses the two metals-gold and
silver-but the United States is the only
nation that has coined as much silver
as gold. We have been rank bimetal-
lists. We have stood by silver too long.
We have coined S625. 100000 worth of
silver and 26,6OO, ,O0O worth of gold"
What have the other great nations
coined?" asked the Populist.
"Why; they have coined less than half
as much as we have. England (the
United Kingdom) has coined and has on
hand $112,OOO.O00 worth of silver and
$$5550900o,0oo $5 900 in gold; FRANCE has has $685.
gold; Germany has only $215. 100000 in
silver and SG25. 100000 in gold; Russia
has has only only S4s,09o;Ooo in silver and $780,
"Then we have coined about as much
silver as all of them together?"
with pots Popsapn %neef of 3aS Sssst nptSas ptSp
have on hand Ss7G.OOO.OOO in silver.
while we, with $4,000, 600 people, have
$625. 100000 in silver"
''Where is our silver now?" asked the
:s' awhy. s5os,eoo,ooo lie. piled up in
paying no interest: and dropping, in
value: Carlisle is begging the people to
take it. freight free. but he can only get
$50, 100000 in circulation. The people
won't have it: They sling it back to
the banks. and then the free silver men
Jump }Th%p up and !,Sy, csy, We we want want, more silver!
for silver. Coin more!
"And how much of our gold is in cir
culation?"
.Why, every solitary dollar-s62G, 600:
999 999sSSn TSGta 6oS. Sf it. The banks only hold
"You don't say the nation has no gold
.ooS me odS so Id Of -four our own; We borrowed
3 per cent. and spent that running the
soysrnms@t-and oye: %n we've got to pay aygod it
100000 more from the Rothschilds and
the English at per cent, while our own
people were crying for it at per cent,
and that we've. got to return in gold.
To tell YOU the honest truth, this nation
has got just $9O.OOO,OOO worth of bor-
row rowed gold !! in n, the treasury: It isn't
on the treasury. with $1OO,O00,O0O in
gold due the people besides. Oh, if we
had bought gold when we coined that
$5OS, 100000 worth of silver now lying
idle in the treasury, as England, France.
Germany and Russia did, we would be
laughing stock of Europe then.'
Did England and the other nations
stop coming silverY" asked the Popu-
"of course they did. They rang the
ss 4er AND eaPs Rs aso eg S Since csd ,s @ Ensnn sSn
has coined STAG, 600 900 in gold and only
$14,O00,O00 in silver; France has coined
$13,O00,O00 in gold and not cent of sill
yer, and Germany has coined 4O,OOO,-
900 in gold and only $4,5OO,OOO in silver.
They have been hugging the shore, while
our miners and Populists have piloted us
into deep water"
'How much silver is there for each
person in the big nations?"
We have so in silver for each person
in this country, but the people only take
20 cents. They kick So back into the
treasury. England has $2.8S per person,
Germany has $4.35 and France $12, but
SO of it lies idle and all silver coinage is
stSngpsd' eS{og and their red lantern hangs
Some nations have free coinage" sug-
gcsted the Populist.
."Certainly-and look at their condi-
ton! They are bankrupt. Our silver
dollar is still worth 100 cents in gold
anywhere on earth. But in the free coin.
age nations, like Mexico, Japan. China
and India, where free coinage has bank.
Worth SO cents: They have no gold
Gold fed with free coinage. 1t will dc
90 again."
"China has no gold at all you saw"
"None at all. China has $3.50, 200, ,OOC
worth of 50-cent silver, but no gold
India has $50, 100000 in silver, and no
age Of silver. has $1G6, GOO 600 in silver
aad $40,O0O,0OO in gold, and Mexico has
$50;ooOOOO in silver and $5,OOO,OOO in
".How much money to the person cir
cu!etes in those free coinage countries 2
asked the Populist.
States has $25; Mexico has SIS; India
3.3S, and Japan 81. This is poverty fol
t,",s "Who h, suffers from free coinage
Everyone. Every man has lost hall
China or India who was worth $lOOC
thirty years ago is worth $500 today
The pay of the laborer has not beer
changed, but man who gets 10 cents q
day in China, Japan or India really
"When 1 went to China" continued
Mr. Perkins, my letter of credit called
for $500 in American dollars. When
got there found $4,000 to nv credit
in Mexican or Japanese dollars. Now
VINO mas ever lost anything by the Amer.
lean dollar? Not man. 1t is as good
as gold. Our good government has pui
gold under it. But free coinage would
break the camels back. It wonid hr;no
us to the level of Mexico and India. J" De
"What would be the first result Of
free coinage?"
''All gold would hide away. Then wo
are now exporting annually $4,000, ,OO0
worth of commercial silver and selling
enough to make dollar for 30 cents
That is 80 to 1. The free silyeritcs
want their silver coined like our coined
silver, 16 to 1, and handed back to them.
With the government paying a double
value for silver expectation would ceasc
and the government would pay the min
ers $so,0OOOoo for what VIA they are
the output would increase. W.
mined 100000 worth of silver
in 1900 In 1909 mo ,ro,,Id w.t..