The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1896-09-26
Because this disagreement is due to

Because this disagreement is due to
adverse legislation, which, when, cor
rected, will restore the parity by re
ducing the demand for gold and in
creasing the demand for silver Be
sides we would be foolish to under
value our own products By right we
should demand 15K instead of 16 to 1
If silver should come. to our mints
for coinage faster than their present
capacity, would not that prevent the
fun rise in the price of silver bullion?
The capacity of our mints could
easily be enlarged to meet sall de-
mands.
viii not the people object to using
SO much silver on account of its bulk Z?
Silver certificates, as now used, will
easily float all the silver that may be
presented.
Would there be vault room for the
storage of so much silver?
All the silver coin and bullion in the
world could be put in a room siXty-siX
feet square. Silver being, like gold, a
precious metal, all the gold coin and
bullion in the world can be put in a
room twenty-five feet square and
twenty-five feet high. which shows
how easily it may be "cornered."
Would not the free coinage of silver
so stimulate the production at the
mines as to create a flood of the white
metal?
The annual output of gold and silver
is small and is hardly 5 per cent of the
present supply, so that it would take
twenty years before the present
amount of the metals is doubled, and
that would not more than keep pace
with the increase of population and
wealth of the world, and especially not
of the United States.
What then, is really the only prob
lem that we as nation have to solve
regarding the free coinage of silver?
We have practically only to take
care of and absorb our share of the
annual production of silver, which is
for the whole world only about per
cent of the present available supply.
How would silver get into circula-
tion under free coinage?
Under free coinage the owner of sill
n,Sr bullion would take it to the mint
and have it coined into dollars With
these dollars he would pay his en-
ployes, purchase his supplies, pay his
taxes, debts and other expenses. The
persons thus receiving them would in
like manner pay their debts and lia-
bilities and meet their expenses. Thus
it would make its rounds and find it's
way through the entire community.
Not only would it at once enter into
circulation, but it would have the eff
feet of bringing large amount of
money into use that is now lying idle.
As silver fioated out into the channels
of trade it would raise prices and stim-
ulate business. When prices rise
money always comes from its hiding
places for investment. When property
is going up men will buy it, expecting
to reap a profit from the rise. When
prices advance when property be-
comes dearer-it means that money is
getting cheaper. This explains why it
is that in seasons of falling prices and
/ hnSinacc stn0notion fhara
seems to be superabundance of
money. That is, large amount of
idle money for which there is no use.
1t ought to be apparent that if sill
yer bullion cannot be coined, it is ut
terly impossible for it to get into cir
culation. If it can be coined there is
at least chance for us all to get some
of it, Let us take that chance