Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1896-07-10

suit? We would then have something
approaching a normal supply oil
money. Prices would advance, thous-
ands Of new enterprises would be set
in motion, there would be Work Tor
all; hope would spring anew i'll the
breasts Of men, the grip OF the money
lenders would be taken off the Threats
OF business men, who are now working
for these money lenders.
The silver we are producing would go
to the mint to be coined into money,
and would not go abroad as now at go
cents an ounce to buy cheap India
wheat in competition with ours. Free
coinage of silver by the United States
would control and set the silver mar
ket Of the world.
Those who owe gold bonds could get
the gold to pay them with cheaper
than now, for gold would have had the
demand taken from it and would fall
in value accordingly. Put silver i'll
competition with gold and you take
the enhanced value from the latter.
The Latin Union-France, Belgium,
Italy, Switzerland and Greece-for 20
years maintained the two metals at a
commercial parity of fifteen and one
half to one. What they could do
alone, the United States could do.
England in 1914 by the Peal act fixed
the price of gold at f3 It's. Cd, re-
quired the Bank of England to pay
that in paper bills for every ounce of
gold deposited, and that has been the
price of it the world over ever since,
II England can fix the price of gold
the world over, the United States can
fix the price of silver the world over.
Where is the American who says that
the United States is not commercially
as strong as England? Patriots of
America, let us bury all who think so,
in one common political grave.
They say free coinage will cause a
panic by gold being frightened out of
circulation. The day president and
a congress is elected committed 10 its
free coinage, silver will begin to al.
vance and gold to decline. We will
have crossed the rubicon in night.
The next day silver's advance will be-
gin. BY the time the act is passed
the metals will have come together.
Declining gold will come out from
hiding in few days after the
election, hurry to seek an investment
and will 60 actively into circulation.
1t will seek to invest itself in things
that are rising, for it will be falling in
value. This is law as memorable as
any OF the certain laws of trade. The
wheat in existence is sure to fall in
value when it is known that a large
new crop is coming; the effect is felt
before the new crop is harvested. So
it will be with gold when it is known
that new crop of money is coming.
1t is enhancing gold that is boarded.
Depreciating gold will 60 rapidly into
for favored investments in
the rising markets.
RUN ON THE TREASURY.
But, you say, people will rush to the
treasury to draw gold on credit money
and will wipe out the treasury in day
of it's gold and that would cause
panic. There, too, there is protection.
Those notes are payable in coin, not in
gold. With all the Ubiquitous laws
that have been passed, the last Con-
gress saved the word "coin" from be-
ing struck out of our government
notes and bonds. The spirit of old
Andrew Jackson should meet the
Wall street Shylock at the United
States treasury door and tender him
silver in redemption for his credit
money. Again gold would have re-
ceived a blow, and again would its de-
cline continue.
"The way to. resume was to re-
and gold and paper came to-
gether ON the first day of January,
1879, the day previously fixed. 1t did
it because the great United States gov
eminent was behind it. Gold and sill
yer will come together on the day
fixed for the same reason, and for the
further reason that the laws OF simple
and true bimetallism make it impos-
sible for them to do otherwise.
SHALL WE WAIT ON ENGLAND?
They say we must wait for England.
When our fOrefathers erected this
government, it was to free themselves
from the monarchies of Europe. If
We are to permit England to legislate
for us on a vital principle that saps
our resources, that places us at the
mercy of Creditor England, that gives
US laws aiding the few to absorb the
wealth Of the many, that is undemo-
cratic and unrepublican in its effect,
then we are not yet freed from Eng
land and another declaration OF indie.
pendence is needed.
They say we cannot transact bust
ness with the commercial nations Of
Europe unless we use the same metal
for our urinary money as they do.