The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1896-10-10

full legal tender in all payments, and
the only money they have, and is coine
at the rate of 10 to l, and has CO cent
less silver to the dollar than u dollar
In China it is only S2.08 per capita,
the money of the hundreds of million
of people there in daily use. In neithe
country can the people transact thei
business without it, and can no NOR
part with it than they could part wit
their necessary clothing and food
The other half is largely in France
Germany and Spain, and is a
a full legal tender in all payments an
purchases-Is the equal of gold III ever
respects coined ut the rate of 10
to one, and contains 3 cents less silve
to the dollar han our silver dallarS
Will any sane, thinking man dare eve
predict that these full legal tender silve
coins, the equals of gold in their respec
tive countries, will be bought there IA
the same price as gold and brought t.
our minis to be coined into silver dol
lars Mt an actual loss of , to 6 cents oil
every dollarP Certainly not.
Suppose all the full legal tendeI
silver coins of the world could b.
dumped into our minis and coined int
our dollars IN n day. We woulC
have, including our W coined dollars
only about SAT per capita. 1t must be-
manifest to every reasonable man thai
they could not be gathered up in every
country and brought here in one, five
or ten years, and wen in all the future.
For the sake of argument, suppose
them all brought here, coined into oui
dollars and gwen back to the persons
delivering them TO the mints. What
would they do with them? They could
not take them from Il country,
because when they left they would only
be bullion. They would not give them
to us. They would necessarily have to
spend them in buying what we have to
sell, at our prices.
REGARDING OvERPRODUCTIoN.
We have considered the silver of the
world already mined and in manufac-
lures, bullion and money, and have
not found in the worlds horizon a
cloud even SO large as a mans hand
threatening us with a deluge of silver.
Let us now consider the silver in the
earth yet to be mined. Gold advocates
assert that since 1873 we have had an
excess of overproductlon of silver. The
production of either of the precious
metals for five, ten II even twenty
years in excess of The other has but
slight influence on their relative values
or quantities, as such production is only
a small part of the mass of that metal
already in existence. To determine the
question of over-production since 1873
we must compare the product with the
product of the past. In the fifty years
1901 to 1950-In every 800 OF both
gold and silver produced in the world,
$3.50. 20 was gold and S63. 80 was silver.
In the 20 years-1S74 to 1S93-during
over-production of silver is
charged, in every 800 of both metals
produced in the world, S47.40 was gold
and and only S52.60 was silver; which
shows $40. 20 less of silver in every
500 of both metals produced in the 20
years than in the so years named
certainly no over-production.
In the ten years, 1881 to 1910, the
product of silver was S64.77 in every
800 of both metals, while in the ten
years, 1881 to 1890, the product of the
silver was only $55.07, or 1910 less
silver in every 800 of both metals in
1881 to 1890 than in 1881 to 1910.
And yet, without regard to these re-
facts, they charge over produc-
ton of silver. In the long period, 1893
to 1895, the average percentage in
of the worlds product of silver
about So per cent to As per cent of
gold, and during that period the pro-
portion of silver to gold products was
20 to 20 per cent greater than al
any time since 1873.
During the $50 years, 1893 to 1873,
the silver product of the world vas from
20 to so per cent greater than it has
been at any time since 1873, and yet
silver remained remarkably stable at
about 1873 to L.
Now, if there has been an overpro-
luction of silver since 1873, the Xce
should be found. What, then, has be-
come of the silver product since 1882
the records speak. BY the mint re-
port in 1894, in the 81 years, 1873 to
1898, the worlds silver product was
81, SOS, 925, 1913. Deduct from it 90
per cent estimated by the ablest statis-
ticians 10 be consumed annually for IN
d~ustrIal purposes, and we have left for
use as money S2,087 ,640,428. How
much silver did the world coinP In
those 81 years the world coined S2,457,-
1913, 1854, being 370,052,677 more
than was left for monetary use.
are not assertions nor predio-
They are recorded facts and
n u,,o, &c hfotAru and nonnnf mo nnn-
tradicted. They prove conclusiyely that
there is no silver bullion stored any
like lead or iron, and that the
product has been consumed.
Why, with the mlnts of many nations
against free silver coinage since
1873, has the annual product been con-
sumedP The answer Is, no gold stand
ard nation can or does use gold as its
only metallic money. 1t cannot be
used in coins of one dollar and less.
For such coins silver must be used.
They are easily worn and abraded, and
disappear In many ways. New silver
coins must be issued annually to sup
ply the loss and to increase their
to meet the demands of the in
creasing population. Silver coins are
today the money in actual use by the
masses of the people in the world, and
with WHICH they make 60 per cent of
all their individual TRANSACTIONS, ppr-
chases and payments, and must so re-
main in the future as in the ages past.
ENEMY's GUNS TURNED ON HIM.
Secretary Carlisle and other gold adj
vocates tell us that the fall in the price
of commercial value of silver measured
in gold has not been caused by legisla-
tiOn, and that gold, i'll its purchasing
power, has NOT %increased; has simply
maintained its commercial value, and
the prices of the products and properties
of the world have not fallen or depre-
ciated, and Observation-Disclosures not
affect the value of gold or silver. To
prove the fglsity of thpse assertions, |
will quote gold standard authorities.
First, / will quote from MIR. Carlisle's
speech in the house in February, 1878,
in which he satd'
According to my view OF the subject,
the conspiracy which seems to have
been formed here and in Europe to
destroy by legislation from three-sev-
enths to One-half the metallic money of
the world, is the most gigantic crime of
this or any other age. The consqmma-
ton of such q scheme YOU ultimately
entail more misery upon the human
race than all the wars, pestilence II
famine that ever occurred in the history
of the world. The absolute and instan-
lannon's destruction of half the entire