The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-09-19


Is by obedience to the fundamental law
of finance.
ANY other financial independence Il
as foo.hardy and ridiculous as Darius
Green" and "his flying machine"
The free-coinage champion says that
one-half the legal tender money Of the
world has been stricken down by the
"crime Of 1873"
What are the factsP
More legal tender silver money Is IN
circulation to-day than In 1873. Even
the countries that are on n distinctly
gold basis retain their silver coins, and
they are still legal tender.
The mistake that Mr.. Bryan mnkeHNI
this: He assumes that failure to restUV
the free and unlimited coinage of 81. |
yer at the ration of sixteen to one, means
the humiliation Of one-half the metals |
money of the world.
| IL means no such thing.
Silver will continue to circulate m
money.
| We have nearly as much of il in cir |
culation to-day in the United States a.
gold, and yet the advocates of free coin. |
age grow. almost frenzied in their in |
dignation at what they call silver re.
tirement.
We have not abandoned X. II crcu.
lates everywhere and will continue 10 |
do so.
Let us show you how the white metal
has been retired and discriminate
against by our government, particular
ly since 1873.
Let us give you brief summaVEN|
silver coinage in this country, cW|
from United States treasury reportE
Coinage of silver in the United States
from 1889 to 1s03-standard silver dol
lars.
From the establishment of the mint
up to 1905 there were coined 1,439,srI
of the units, or standard dollars. Al
the ratio of fifteen to one these wen
worth more as bullion than as coin
and consequently they were ships.
abroad. On May J., 1906, an order was
issued by President Jefferson through
Secretary Madison suspending the'
coinage, and for 20 years none wen
made. In 1895 1000 were coined.
1897 and afterwards n small numb
each year. These were at the ratio
} sixteen to one, made by a change in II
: weight of gold coins. From 1893 TO Isl
5 the total number of dollars coined va
T 1921, 23s. Since that date the numtt
has been AIS. 1892, $50, and the total YAH
4 of silver of all kinds coined from II
to 1873 was $155, 471 ,o01.50, and
r total from 1873 TO July 1, 1S03 $50
J, 440, 425.70. Ut will be seen that sim
e the demonstration OF the silver doll
1 and its restoration we have coined
s many dollars, three times every year
did the fathers" in so years.
r The proposition of the free colna
Z advocates is TO rectify the crime
n 1873" by still greater crime in 1896.
, They say congrgess demonetized
yer in 1873, and IL we do paX>
y silver kings twice the market pr IN
u the silver we are simply making reI
6 ton for what the government rd
y them OF in 1873.
Don't they say this?
Well, now, honor bright, isn't that
u entertaining proposition?
/ In the light of facts, isn't IL steal
q the livery of Heaven to serve the d
in?
i Let us run this sanctimonious pro
sition down and see what an infinl'
y small hole IL will crawl into.
y From the establishment of the Uni
g States mint in 1892 down TO 1873,
v year of the demonstration Of SD
the total number of standard silver
II - lars coined by the government
- 7,s4o,53S.
Since that time there have
= coined into money OF the United s.
upwards OF $685., O00, 900, notwithst
ing the "crime of 1873"
Listenl From 1892 TO 1874 (71).
550, 663 subsidiary coin: $7,92l ,23s.
From 1873 to 1895 (22), $500, 449,ia
= Listen againl Now the proposit
" made, after the diabolical (?) treat
=, silver has received, by introducing
:. 100000 OF IL into our coinage since
- TO pay the silver owners OF Colo
~ from this time forth, forever, 100
for every so cents worth OF thei
- yer 10 partially compensate for
y they lost before they were on
~ doing any business worthy of me'
u or had anything TO lose.
70 This is indeed magnanimity
- measure, pressed down and slo
:. over the sides.
- But who are the true friends
yer?
~ The silver shouters in the
s. states?
- Comptroller Eckels cuts open
pippin and exposes the true inwar
ne of the apple.
Us A recent report on the holdn
gold and silver by the banks
lu mining regions bristlcs with
cDncc.
n One would expect that those
munities that have condemned
10 most lurid language what Is term
oaro inst silver would