The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-21
~ -, 49,, are the best after-dnner
Hoods Pills pills, aid digestion. 25c.

| pear When gold is worth more than paper
is iS worth more than ms silver the gold goes and
/ the silver stays. When silver is worth
more than gold Gas coined the silver goes
out. This has actually happened. Silver
| was once undervalued too much being put
| into the dollar; the silver dollar was worth
country. This was 1.-The dollar of the dad
dies" worth 104 instead of SO and for TWEEN
| ty-five years or so nobody saw one; we had
! Mexican and Spanish and Canadian silver
coins instead
| Q.-Why is silver so much cheaper now
! A.-Because there has been, is now and
IS expected 10 be so much more OF 1t pro
as with corn e and O potatoes ~
| Q.-How does piece of silver worth only
| SO cents pass for 100 cents after being
| At isn't the stamp that does it. 1t
| passes because 1t IS treated as a promise
/ to pay. like a paper note, because every
body knows our government will give a
| real dollar for it. By straining very hard
| and 1t has been getting harder for the last
two years,government has managed TO
| keep enough real money (gold) to do this
| That is what bonds have been sold for, to
| get the gold. But If there should be as
| many more silver dollars are proposed.
| government would not be able to do this
and the silver dollar would pass for just
/ While you think you get your money
| from the savings bank, you don't care
| about it; if you thought you couldn't get
| ii you would want it badly. For the same
! reason, as soon as people don't believe the
| government COulQ give SOIU IOr silver, there
would be a rush for the gold, and the first
| man would be the best off.
| MEANING OF FREE SILVER.
I Q.-What does free silver mean?
! Alt means to have it the law of the
land that anybody, American or Briton,
may take any quantity of silver to the
| mint, at public expense and have it
| stamped into dollars. These dollars are to
| be, as at present 10 to 1''-sixteen times
/ nd hoy 10
| be legal tender by law; that is anybody
| can offer them for any debt and the
| creditor must take them dollars.
| Q.-Whether honest or not. would that
not help debtors?
Alt would work that way just once, to
people went to contract debts the
help would be like burnt powder-it
Q.-But If the coins would continue to
pass as dollars, how could they-as you
just said they wouldfsink to their value
metal. measured in gold?"
An this way; Silver would then b. be the
called a dollar. But the real thing would
be in prices, and the difference would be
lar in two you would get no more for it;
and if you have twice, as many dollars and
prices of things doubled, you have no
more money. The value of money is ac-
Q.-What do want money for?
of forgetting this and mistaking money
itself for the use of it. The value of money
Q.-Some say that the government stamp
or fiat is what makes the value in
Ar it were so the material used would
be of no consequence; paper leather birch
bark, lead, cloth or O., , mud would do quite
Q.-Some say that money has value be-
cause everybody consents to take" it. and
anything is good so long as 1t Will pass
Is that so?
A-Then a paper note is dollar to buy
with. because we all agree to cali it so.
| Suppose we all agree to call a broomstick
horse, can we make it draw load to
market?
more money in the country they would get
more; they can't quite see how, but they
| this?
A.-When Jay Gould died he left $780,
it didn't come way. When money is
given away-fung out as coppers are
thrown to boys to scramble for-of course
| the more there is thrown the better the
| chance to get some. Are you looking to see
money cheap that?
Q.-Some say ought to do what will
hurt England and make her angry if we
| can find what that is; and that gold is
British idea; Some orators say it is
..ine iep How low about thiss ms %
Aust the contrary. Free silver here
would please England nightly. For rea-
sons which need not be gone into, it would
enable her to drive US out of most foreign
markets. 1t would enaDie Der TO get our
gold, which she wants, and she could send
her silver over here which she wants to
get rid of. She will consider this country
crazy if we decide for free silver" but
she will take advantage of it all the same.
If we really want to fight England, we
should try to get her gold away from her
instead Of letting her get ours.
WHY BUSINESS IS DULL.
Q.-Some say that pariics and hard times
come because there is not money enough;
is that true?
! A.-No: there is just much money in
a panic before, but it stays piled up in
the banks; it does not move. because the
| persons who own it are afraid
Q.-Why is business dull now?
A-One great reason is that things are
much unsettled by this silver talk If
| it were made plain to the country and
| the world, once for all, that we Ameri-
! cans have given up the notion OF getting
/ rich by debasing the currency and are de-
| termined to have sound money and solid
| to prevent our being prosperous The
farmer in particular is not doing well
| just now; but instead of silver making
| him happy-as some orators are trying
| to make him believe-it would make him
worse off than he is.
| Q.-What would free silver do for the
ANThe first effect would be a tremen-
dous panic and, return of hard times"
AS already said, gold would fly out of
sight and leave the country. and the sill
of would come in. Neither silver dollar
nor paper note could be redeemed in real
money. We should go using paper. but
| the paper, which is at gold value now,
would fall to silver value then. The coun-
try is a little ailing at present, but it
would be thoroughly sick then. Even the 10
to l. candidate admits that he thinks the
first effect would he disturbing, but after
that was over everything would be very
nice. Said quack to sick II
don't know what's the matter with you.
but I'll give you something that will
throw YOU into fits, and m just death
on fits"
O.-Have you said what free silver
would do for the country? How would it
l. affect me?
i Att would touch you at three points,
and the first would be prices Rent. coal,
shoes, clothes, bread. meat, everything you
have to buy would go UP and UP and up.
OF course. a dollar that has been cut in
two won't buy as much as whole one.
The next place where the clipped dollar
would touch you would be your wages.
When half the value is gone from the dol
lar. if you had twice as many dollars
before you would be just even; but it never
works in that way. Prices always go up
as money gets cheap" and the last thing
to go I'D in its turn. and the slowest
thing. too, is wages. The chief reason is
that people are troubled about what is 60
ing to happen. and they won't take any
more risks than they have TO. The capt.
talist buttons uo his pockets and waits
to see how things going. The railroads
put off buying new rails and cars. People
wear their old clothes and shoes as long
as possible. The man who thinks of build