The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1896-07-02
Bradstreets financial agency report,
a more hopeful feeling in trade circles
within the last ten days due to the
adoption of gold plank at St.Louis.
Some Primary Facts.

0oS~oOo9
then, why, he wants to know,not have
more silyer-why not have free silver7
The free siIverite does not consider
the important fact: that silver dol
lar is maintained on parity with
the gold dollar by the power of the
government, to which, necessarily,
acting independently, there is limit.
The gold dollar is the standard-the
worlds standard.If the United States
should change it's standards; should
say that henceforth we will disre-
gard the gold standard, will be free
of it, will give no heed to what other
nations may do; still gold would re-
main the standard, and exchanges
would have to be settled in gold, or
upon a gold basis. So long as we
maintain silver coinage on a parity
with gold, we can have,~ within that
limitation, the free use of silver, and
in that situation we escape disturb
ances in the established meth DDS of
business. If the free coinage of sill
yer should result in changing the
standard from gold to silver, no one
pretends but what the change would
precipitate violent disturba nee of
all business. But the free si1yerite
says, Very well; out Of it we should
get an adjustment Of values. We
might get disturbance of prices but
values would not be changed. In the
end the reckoning would still be up
on the gold standard, and our ex-
changes would haye to be made &C
cordingly. But, says the free silver
tie, wouldn't we ordain that a silver
dollar should be legal tender in the
payment of all debts, public and pri-
vate? Of course we would; but we
couldn't enforce that ordinance out
side of the United States, and every
where. even in Mexico, the silver doll
ar would be figured at its bullion val
ne, and not in accordance with the
stamp placed upon it atthe mint'Bu
the people of the United States, says
the free silverite, would have to take
it for one hundred cents, though the
bullion value in the markets of the
world might be fifty three cents, or
fifty cents, or what not. Of course
that would be the law. But the law
could not abrogate contract;it could
not operate against the making OF
contracts. AS to these, therefor, the
silver dollar would be reckoned at it's
bullion value. Moreover, the law
could not determine prices. Under
the free coinage of silver, and conse'
ouent recommendation, there would at
once occur violent struggle to adj
just prices to the bullion value of silv
or. The value of bushel of wheat
in the Liverpool market would re-
main the same; any apparent advance
here would be in the difference be-
tween the good and the poor money.
So that, after all, at home or abroad,
our exchanges would be made upon
the basis of the bullion value. That
bullion value would be auctuating
value. Allowance would have to be
made for this, and this would newt
ably be at the expense of the produc'
or and of wage Garner. The danger
threatened by the revolutionaryprop-
osition of free and unlimited coinage
of fifty.cent silver dollars can hardly
be everest mated. To- believe that
this people will plunge themselves
and the fair fame of their country in
to this ruin and dishonor is to believe
them to be stark mad or wicked be-
yond expression. Sioux City Jour.
Gov. Clough's nomination is now
an assured fact. He gets majority
of the delegates in Hennepin county
the combine district and has votes to
spare in the convention. His major
ity will exceed the hopes of the most
sanguine of his supporters. His op-
ponents, by their unwarranted and
unprecented actions have greatly aid
ed him in securing the nomination.
The recognized the clean and admir-
able administration he has conducted
and his favorable standing in the es-
timation of the people who have CIV
en- evidence of their esteem in send
ing delegates favorable to him.
A 01v