The evening times., 1896-08-17
QUES TON OF THE HOUR
The Eycaing Times opens It's Columns for Short
Articles on fhe Money Problem.

gold bullion was worth two cents more than
the silver bullion
Who would carr bullion to a mint and
taye IL coined Into = tloilar if the bullion
was worth two cents more than he got?
de didn't do 1t. Then the ratio was 10
70 1. wechanged 1t to 18 toI. wemasle
another mistake. ouly the shoe wars on
ue other foot There was about two cents
difference M favor or silver. Who CAR
fled silver bullion TO the mints and ,s,ok
a dollar when the bu'litm was worth two
cents more? Nobody. and We had goldl
When, under the BlnHd bill. silver went
up. what happened: Every silver mine in
the country was opened and at work. Ma
chtnery by which II could be mined cheaper
was brought into use. What happeped:
overproductin and down It went. TIE
saiiie thing happened under the Sherman
act
'suppose We have free colna ge, ana tfc
fitst effect is to carry silver up to, say, IS
CENTS Every silver mime Is going to mo-
aucc all that sx posxible, for with siiyer at
75 cents there would be an enormous
profit There would be- orerproduction and
Il would go down.
But, says the frec coiner. yon arc tell
ing people that your silver dollar is worth
100 cents. Yes. Why, We make il lrRm
tender for the payment OF debts All, says
ue, so will We Well. bat VIC provide
limitation under the bland act aGd are NO.
permitted tn purchase over four millions
q IBonia, and under the Shcru,an act not
over fifty -four millions OF ounces a year.
There we are wide apart Free coin
a.< h. f;n,f Un
market prices we will buy only so much.
and we will make the profit ourselves
Moreover. it is the established law OF the
United states that the coined silver and
& old shall he kept at parity withe1ch other.
What does that mean. 1t mems that the
whole power OF the government & IS behind
that silver dollar with promise that 1t
shall he kept at par with gold
That is to say, 1t is practically re-
tieenable IN gold. millions have been re-
deemed in gold. and it is for that reason
and no other, the limitation and the power
and promise OF the & overnment, for that
reason only. that our silver dollar has been
Kept worth 100 cents. while the Mexican
silver dollar, with 8 cents more silver in
it. has gone down to SO cents. And no
man can produce a silver dollar today in
the whole wide world which is not kept
at a parity with gold that is worth more
titan the bullion which is in it,
AMERICAN DOLLARS IN MEXICO.
Editor Times: In your issue of Friday
evening you quote from Senator Thurs
ton regarding the Mexican dollars, as fob
lows: THESE contain more silver than two
standard American dollars; they Gust in the
Eni,ed sta:es in the neighborhood OF so
cents apiece. In the event Of free coin
age. what Is 10 prevent the Mexican from
taking these dollars to the mint, receiving
in return two merican dollars and a gOodly
quantity OF bullion ovcr?''
Let NE ask question. What is the
Mexican going To do with his American
dollars. He would not be ahlc to pass them
in Mexico. as they are not worth as much
there as Mexican dollars. for they contain
less silver. Is he going 10 pass them in this
II so, how can he do it without
something?
Now, ii the American sells him the product
OF mis- labor, receiving a just equivalent.
does not the whole transaction beIefIt the
American instead OF the Mexican?
Mrs. W ROWELL.