The climax. [volume] (Richmond, Madison County, Ky.) 1887-1897, 1896-08-12

record. The race would be to the swift"
In the light of the foregoing PROPOSE
lions, it is difficult to determine whether
Mr.. Clews Is himself fool, or whether
he assumes that majority of the peo-
pie of the United States are fools.
It is q matter of general knowledge
that the prices of agricultural and
other domestic products of Mexico ore
about twice rs high as the prices Of the
same products in the United States,
such prices being about ON the level of
general prices before the crime of 1873.
This fact, alone, proves that silver has
not deprecated in value, but rather
that gold has appreciated. The silver
men of the United States claim that
free coinage law in this country would
raise the price of agricultural and other
! products of the United States to the
level of Mexico's silver prices. This Is
universally conceded by the gold bugs.
but they claim that though there would
be an apparent and nominal rise in
prices, there would be no renl rise, be-
cause our money would all depreciate
to the present bullion value of the silver
dollar, 50 that, measured ir gold, prices
would be no higher than before.
But now comes Mr.. Clews and de-
| FLARES that, under the operation of a
free coinage law in the United States,
the silver dollar coined by virtue there
of would possess twice the present pur-
chasing power of the Mexican dollar,
which is equivalent TO statement that
1t would be worth twice as much In
gold as the same quantity Of uncoined
silver bullion is now worth. This, in
its turn, is equivalent to q confession,
or concession, thnt a free coinage law
in the United States, OF the ratio OF
sixteen TO one, would restore "the
parity of the metals" at that ratio.
which is Just what the silver men
claim. We welcome Mr.. Clews into the
silver ranks, but he must make haste
10 comprehend that IL free co.nnge.
| into q standard silver dollar of 371H
| grains of pure silver gives such dollar
twice the present purchasing power
Of the Mexican dollar, or of 371A grains
of silver bullion, then the Mexican dol
lar also will rise In value TO meet the
descending value of gold. and will itself
become worth as much as the gold dol
lar and, hence, equal in value with the
United States silver dollar. AS doub-
ling the purchasing power" of money
is equivalent to cutting in half or re-
ducing 80 per cent. the prices of every
thing, Mr.. Clews might incidentally ex-
| plain why the Mexican people should be
likely to want to thus reduce by one
half the prices of their commodities
and in SO doing double the burden of
their entire domestic indebtedness.
what fools we mortals bel"
AS TO Mr.. Clews' final proposition, il
| is rot-pure roland contradicting rot
| at that. II the United States silver dol
lar, under free coinage, possessed twice
the value and double the purchasing
power of the present Mexican dollar
IT would be upon par with gold and
| shafts the end of it. Mr.. Clews' asscr-
ton was answered by Banker William
2. st. John in his speech before the St.
-, Louis silver convention. Said he:
''rhe opposition threatens US with a
food of Europe's silver
| OptIcO LllItb we dDSWtT, fluEOt
no silver but her silver money. Her
silver money values silver at from three
| cents 20 seven cents on the dollar high
er than ours. Hence the European
merchant or banker must sacrifice from
three to seven per cent. of his full legal
tender money in order TO recon it at our
mihts. Europe's silverware, like Amer
| n, =. ~ 4
tiOnal value of labor and the manufac-
turer's profit"
Mr.. Clews is talking through his hat.
George c. Ward, in y. Y. World.
The Hebrew spoken by the Polish
and Russian Jews of to-day is a poly
| glot, composed of few Hebrew roots
with large admixture of Russian. Ger
man, Polish, Lithuanian and Tartarian
words.