Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1896-07-22
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S;luar IN no Iumped on Us.

IF free and unlimited coinage OF
silver takes place, we are told that the
United States will become the dump
ing ground of all the silver in the
world.
Let us see.
No coined silver will be turned into
bullion in order to sell it. unless the
bullion is worth more than the coin
itself, which is absurd.
Then bullion is the only silver which
could, by any possibility. be dumped.
From whence then is the bullion to
come?
Will England dump any? No. All
her silver is in coin and she don't pro-
pose to lose anything by selling it for
bullion.
Will Germany dump any? No. All
of her silver is in the same condition
as England's and she can dump none on
us without loss. She las no mines to
trouble the silver producers.
Will Austria or Italy, or Spain or
Switzerland, or Turkey dump any!
Never. They will dump none because
they have none.
| Will France dump any2 France
believes in silver. She has $3.50, 900, OO(
of reserve silver coin in her banks
and $500, 900, 900 additional in eircula
ton. Her silver bears ratio of 15a te
/, and no Frenchman will pay cost O
transportation, and loss in mintage tt
sell his silver in market of 16 lbs o
silver for one of gold, when at hom'
he only has to give 154 lbs of silver TO
one of gold9 Besides, the $3.50, 900, 600 o
reserve silver cannot be sold out o
France without the passage Of Law
permitting it and changing the eutir
money system of that country.
Where then is silver to come from t.
be dumped?
India" "India," must be the re
Spouse. AS our people generally kno,
little about that dark and uncertain
country, it has become trick of tn
gold people to parade its possibilitie
as menace on all subjects. Their
are 2SO,OOO,0O0 people in India, an
about $4,000 of these are English, tn
residue natives. They never go GU
as traders; they are no menace to an
!. country or people. Their Englis
masters do push them to more indus
!, try than is natural with them, bu
their silver is the last thing they wi
ever dump on us; it Is the only none
they use and there is nothing to tax
its place. Silver from India will neve
be dumped unless it comes to I
1 though the Bank of England, an
there is no such quantity of it in Ind
as many think.
The English played the same trio
on these poor subjects, few yeal
ago, that Germany played on tt
: subdued and helpless Frenchman, an
L our Congress played on us-it d
monetized silver. But even this d
monetization did not change the Walt
y of the silver coin called the Rape
the coin on which all values are base
: in India 1t remained the same an
has been SO Interchangeable by legisl;
ton or otherwise as to be called
. Englishmen the "perverse rupea."
So that with all we hear of silv
being dumped here, there is first l
country which can dump it, becau
no country has any to dump; ar
secondly, because in all the countri
:. of the world, unless it be Mexico or
few little provinces of South Aineric
silver is worth mole at home than
:, the United States. In addition
this. which ought to set forever at re
the dumping sbsurdity. there is NJ
in the whole world $20,000,0O of silv
bullion for sale. This we assest wit
out the fear of successful contradi
ton. Why be alarmed then, abo1
). the world dumping on us hurtf
: commodity, when the hurtful col
:, modify does not exist. in the hands
anybody who can. dump itY
ell An enthusiastic meeting was held
!. Indianapolis Saturday night to rati
1.-THE nominations of Bryan and Sewa
I. Tte attendance surpassed expect
r 4 lions. Governor Matthews and Sen