The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-09-02

I os geld - w1se1 eTsry s-xu=.nt which -
besng nrs1 u sug2svs & ire rec coinage
/ % silver.
New II =, = ro's ~sfcA Ass appreciated
In value. ar ths appreciation q goo has
( ezssea ne sxfss 1hs1s fas PopeI.s. ora
/ tors al afsrgoafs 70 &. way uei make TIE
/ rerssssv e. TIE esssaseg why Do Al tAs
4 Peeuls~. rpeaksrs anf newspapers psrsizt-
T enfIv ae-nsr9 ira. TIRE T4sts1 states alons
( and ssnFse- "a aaea essay the sfBpsnioGs
task of enseaRorlng 70 double Ire baiAoa
/ value o. al the sglvsr % tie word. ~asn
there IL useeh easier sid simpler nzstso1
I ~ haa5. TIE practical operation % WHEN
I VII rsso.i IN everything which TIE Pop
ulisgx claim may BE accomplished ~ free
silver. and the oatsctssnz 70 which are 40
nors serious than ne ob5ecfigns Whica
are srgss againss free silver eolnag7F
Il IS claimed shaS Ire gold dollar has az
pssesatat sn value way not tepreeiste
Il IL ternsT In the American standafa
sold CELLAR thers IL . - grains y pure
gold. Tns saIlion price q the silver u
the Arnariean silver eoliar in TIE London
market yesterday was SIC cents. To
make tse standard American gold toliaF
correspond exactly u bullion value Win
"a. STANDARD silver dollar. al that Tosi-
Do necessary wouiS be 20 reduce me
amount Of Gre gold IN the gold dollar
from z % grains e 1900 grains How
simple 4 would be. The bullion value OF
he gold and silver dollar would be ex-
ma
free coinage Of silver could follow as o.
course.
Every argument which can be advanced
IN favor OF free coinage Of silver eoala
with equal force ns applied 70 seSh
change az this. AMI no arguments no.
already asducsd against free silver coin
age can b. brought forward against i.
BY cutting the gold standard In TWO "
this manner the gols coinage OF the United
States could be doubled ia amount as soon
az the minis could, By running days.
nights and overtime. recoln al the GOLD Ia
,hs country. The gold reserve now in the
treasury could be shipped over 10 Phiia-
asIphla, and with few weeks ~ork N
the mint could be transformer into SSa'-
g0000 without tie necessity OF seiihs
bonds. It would take but hide more than
one-haif as much gold to pay on the ma
tlonsl debt a. II would under the present
system.
An debts. public and private. payable 10
gold coin, or lawful money. would De
scaled down one-half. except In the feW
instances where the creditors have had
forethonght enough to insert in their con
tracts the words. gold coin OF its pres
ent standard weight and fineness." Prices
OF all commodities would also nearly
double IN value Where the farmer now
gets but one dollar for hts product ne
would get two. OF course he would nave
10 pay out in his purchases two collars
where he now has TO pay but ono, but tnat
would simply be an incident With the
entire stock OF gold coin In the country.
including the treasury reserve doubled ID
tie face value. the government could keep
double the amount Of its present paper
currency IN circulation AT par and the
per capita circulation would at once bound
an 10 the amount demanded by the Popu-
lists OF so per head. The wealth OF the
country would De doubled at once. but the
buganoo money power" meaning all
creditors. would receive frlghtfui blow
and los. of half their property. for tbs
henrnt OF their debtors.
Under this deal system the markets OF
the world would. Of course be at our com
mand. Every gold dollar OF the present
standard. or It's equivalent In coin OF
other esantrles. which ne would get by
selling our products abroad would be worth
two dollars AT home. a. Is the happy con-
dltion OF things In Mexico today.
Naturally. wages would not double. The
man getting two dollars a day now would
&c, two dollars day then. but in the
universal boom Of prosperity created by
the doubling ~ prices OF all the necessa-
RES Of iife there would probably be
better chance OF getting work than there
Is now.
All OF these happy results would inev-
uahly aow from the simple process OF
cutting the gold standard in two and re-
aueinK the bullion value OF the gold dol
lar 70 tina, OF TIE silver dollar.
Incidentally. such an action wout Be 8
shameless betrayal OF national good faith:
II would be the most fragrant instance OF
national ana private dishonoT ard d.shon-
ssty which the world has seen since the
dawn OF our later civilization; Il would
give the credit OF the nation and Of our
Individual citizens such shock that Il
would be a generation before t. could be
recovered. and then only BY retraclng our
steps, restoring the fermsr standard. and
making coed 70 the creditors Of the ma
t.onai government the losses eceasioned
/ by cur breach Of talth.
I II r. quite certain that these latter re-
/ suites would follow. but they would not.
however. follow any more certainly upon
/ "a cutting down * iae gol3 standard
Than they would upon the adoption OF a
( policy which would ptrnlt every owner
/ - s. ceats worth % silver 10 have Il
/ stamped by the government a. being a
/ lcAal tender Tor enc dollar ana permit
/ lag atm TO pas his debts with such coin
4 40 SIS face vaiae.
Z
! WHICH Shall. RE FOLLOWED
I TIE opportunity IS given 20 but few rnen
Z -. t.s.--,. shs~,esafxes f.f}fv ana weE trroa