Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-10-27

| UeICer harnesses IOT us nOTSeS anu nuuuEeu
other things too numerous to mention. He will
send his children to school and give them good
edueation;
| All this will create business for the manu-
| facturer wholesaler and retailer and give en-
| ployment to labor.
The employer cannot p ay good wages If he is
not doing good business
The merchant cannot prosper when his GUS
toners cannot buy and pay for his goods.
The prosperity of the farmer is the prosperity
Of the nation.
Farmers throughout the country are COM
planning of hard times not on account Of
poor crops but on account of poor prices tor
farm products.
The average prices of farm products have
continued to fall ever since 1873 and now they
are only about one half what they were then,
and with them in nearly the same ratio has
fallen the price Of silver bnllion. The pric9 Of
silver measured in gold, and the average prices
Of commodities according to the most reliable
statistics have fallen together with great uni
formity. But the price of silver measured in
commodities has not fallen at all and today an
ounce Of liver will buy on the average as much
commodities as 1t would 10, 10, 20 and Is years
ago, while an ounce of gold will buy about
twice what it would in 1873.
Ever since 1878 silver as compared with gold
has continued to fall in price not because Of
the greater production Of silver over that Of
gold, but because of the taking away from
silver Its chief demand, that is, the ever de-
mand for money use under free and unlimited
coinage and when this demand for silver was
taken away it produced greater demand for
gold, the only remaining money metal possess
ing free coinage rights, This lesser demand
for silver and greater demand for gold caused
the latter to rise and the former to fall and to-
day the two are widely apart.
The restoration Of free coinage Of silver
would again bring the prices of the two metals
together by causing silver to rise and gold to
fall and brought to parity. Under free and
unlimited coinage the price of the bullion is al
ways practically at par with the coin for where
is the man that would fake less for the bullion
than Its coin value, when the bullion can be
| turned into coin without expense to him.
With prospect in 1890 for the coinage of all sill
yer the price OF silver bullion ran up to about
/ 20 az ounce, but in 1893 when the mints of
India were closed against silver coinage the
price of silver Immediately fell about 20 cents
an ounce.
For 81 years prior to 1878 under free coinage of
| gold and silver in this country no nuctua ton
ever occurred In the price of either metal ex-
cept the cost of exchange and the difference in
the legal ratios OF the two metals here and
abroad. The prevailing ratio abroad being 1513
to1 while Is to or l6 to tie ,, and this prac-
tical parity OF the two metals continued during
these 81 years though in times the production
Of one would greatly exceed that of the other,
From 1872 to 1852 the production Of gold in the
world was $500, 238 900 while that OF silver was
nearly twice that amount being SLIGO, 1877, 900.
At intervals during this period the amount Of
silver was more than threefold that of gold and
yet the two metals under free coinage during
all of this time staid almost at par with each
other.
From 1859 to 1873 the amount of silver pro.
duced was considerable less than one half that
of gold being only 1899 ,225 900 of silver to 3d.
SIS 575 900 of gold and yet under free coinage OF
the two metals, both kept practically at par
during the entire period.
But from 1878 to 1892 inclusive under the free
coinage OF gold only, the price Of silver bullion
measured in gold greatly decreased although
the productions of both metals were nearly
equal being s2,1'65O5 900 of gold to s., 1000
OF silver. During the first ten years OF this
period there was less silver produced than
| gold and yet without free coinage silver con-
tinued to fall as compared with gold, but rs
compated with the average prices Of connie.
dities 1t kept at par.
| Money that Will buy about the same amount
of commodities at all times is stable money,
and money that is stable is honest money, and
whatever is honest Is lt't ~ ,l,.
An approaching dollar is as dishonest as a
depreciating one. The former robs the debtt r
while the latter, the creditor. Mon y
based on both gold and
silver fuctuates less and is more stable
than money based on both gold and silver
fiuctuates less and is more stable than money
based on only one Of them, for the strain upon
the one is relieved by the aid Of the other.
Money is a creature Of law, nothing is money
until made SO by law-neither gold nor silver
| is money until coined.
They are simply commodit'e,, and like ali
other commodities their value depends on the
supply and demand.
Both metals ar best adapted for money
for money uses, being non ccrroding, indie
structible, divsible malleabie and limited in
quanticy.
Free coinage creates an unlimite demand OF
the metals for money uses and this unlimited
demand keeps the bullion at par with the coin
but under restricted coinage the demand is cut
down and without demand tn e price of the bull
lion must fall. This and nothing else is the
reason silver bullion has fallen since the sus
pension of free coinage in 1873. Silver wal
crippled and consequently re II.
Under free coinage there would be not les.
than 100c for the bullion when he could have
1t coined into dollar without any expense Il
him.
The demonstration OF silver has given us Lh,
so-called SO cent silver dollar. 1t is the child
OF the gold standard, and now the gold stand
ard advocates are using their own child as al
argument against the free coinage of silver
Consistency thou art jewel in the mouth O
gold standard advocate!
A SOC silver dollar Is an impossibility unde
the free coinage when silver money possess full
legal tender powers just as it is an impossbilit,
to have so cent gold dollar under the FREE
} coinage OF gold.
To get rid of the so-caled SO cent dollar we
must restore The free coinage OF silver SO as t.
have again 1Oa cent silver dollar-an HOMES
dollar.
The Chicago platform demands fer the fire.
coinage of gold and SILVER and that both b
FULL legal tender.
rug regal teHuer money never depreclatc
J because IL Is as good as any money when
Can discharge any debt or demand.
Our silver dollars OF to-day are full legal ten
DER unless otherwise specified in the contract
J ana though not redeemable in gold ana con
tanning only SO cents worth OF bullion, they
: being legal tender-are at par with gold dol
lars. we want both to be FULL legal tende
8 money without any discrimination agains
, either,
The coinage of both metals would produc,