Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1896-09-17

The only method by which the United
States can be financially Independents
is by obedience to the fundamental laws
of finance.
Any other financial independence is
as foo!hardy and ridiculous as Darius
Green" end ''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 facts?
More legal tender silver money is in
circulation to-day than in 1873. Even
the countries that are on distinctly
gold basis retain their silver coins, and
they are still legal tender.
The mistake that Mr.. Bryan makes is
this: He assumes that failure to restore
the free and unlimited coinage of sill
yer at the ration of sixteen to one, means
the humiliation of one-half the metallic
money of the world.
1t means no such thing
Silver will continue to circulate az
money.
We have nearly as much of it in cir
culation to-day in the United States as
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 it, 1t circu-
lates everywhere and will continue to
do so.
OF chp I L -
has been retired and Disseminated
against by our government, particulars
ly since 1873.
Let us give you brief summary Of
silver coinage in this country, culled
from United States treasury reports:
Coinage Of silver in the United States
from 1889 to 1S93-standard silver dol
lars.
From the establishment of the mint
up to 1905 there were coined 1,439,517
of the units, or standard dollars. At
the ratio of fifteen to one these were
worth more as bullion than as coin,
and consequently they were shipped
abroad. On May /, 1906, an order was
issued by President Jefferson through
Secretary Madison suspending their
coinage, and for 20 years none were
made. In 1885 1000 were coined In
1887 ana afterwards a small number
each year. These were at the ratio Of
sixteen to one, made by a change in the
weight of gold coins. From 1893 to 1873
the total number of dollars coined was
1921 ,238. Since that date the number
has been AIS, 1892 ,450. and the total value
of silver of all kinds coined from 1893
to 1873 was $155, Al ,9O1.5O, and the
total from 1873 to July l, 1898, $685.
49,425.7O. ct will be seen that since
the decentralization of the silver dollar
and it's restoration we have coined as
many dollars, three times every year, as
did the fathers" in so years.)
The proposition of the free coinage
advocates is to rectify the ''crime Of
1879 by still greater crime in 1896
They say congrgess demonetized sill
yer in 1873, and if we do pay the
silver kings twice the market price for
the silver we are simply making restitu-
ton for what the government robbed
them of in 1878.
Don't they say this?
Well, now, honor bright, isn't that an
entertaining proposition?
In the light of facts, isn't it stealing
the livery of Heaven to serve the devil
in?
Let us run this sanctimonious propo-
sition down and see what an infinitely
small hole it will crawl into.
From the establishment of the United
States mint in 1892 down to 1873. the
year of the demonstration of silver,
the total number of standard silver dol
lars coined by the government was
7,S4O, 53S.
Since that time there have been
coined into money of the United States
upwards of 1922, 100000, notwithstand-
ing the "crime of 1872
Listen! From 1892 to 1874 (71), $147,-
55O,663 subsidiary coin; 1921, 23S.
From 1873 to 1895 (22), $685., 44k4a5.7O.
I ;Ctn i,i l.,