Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1896-05-26
COIN ON FINANCE"
CONCLUDED from Third Page,l

ucts OF our sell and our manufactured
goods. We can produce enough in a single
year to take all the silver In the world
available for use as money, and the next
year we could produce as much more and
ask them to bring on more silver il they
had it. Mexico cannot do this, but we can.
What would be the RESULT We would then
have something approaching normal sup
| ply Of money Prices would advance,
thousands Of nav enterprises would be set
In motion, there would be work for all,
hope would spring anew In the breasts OF
men, the grip Of tho money lenders would
be taken OF the threats of the business
men, who arc now working for these
| money lenders. There never was too much
good money, and silver Is good money. II
| carried these United States from their in
fancy to their grandeur. 10 WINS honese
money until demonetized secretly By dis
| honest men.
But you are not going to get all Of the
silver OF the world. With our limited usa
| Of IL Japan, Mexico and ali the silver using
nations are springing into activity. The
| mills and manufactures In Mexico are
running day and night and her farmers
are gotting 81. 80 q bushel for their wheat
| and other products proportionatsly. They
/ are not going to hurry here 90 give us theiS
1 silver except as they may regularly tRede
i with US.
The silver we are producing would 60 10
the mint 10 be coined into money and
would not go abroad as now at 90 cents an
ounce 10 buy cheap India wheat In compe-
tition with ours Free coinage Of silver
by the United States would control and
set the silver market 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 1t and would fall In value according
ly. Put silver In competition with gold
and you take the enhanced value from the
latter.
United statss ~ Strong England.
The Latin union-France, Belgium,
Italy, Switzerland and Greece-for 20
years maintained the two metals at COM
mercial parity OF 15H to 1. What they
could do alone the United States could do.
England in 1914, by the Peel act, fixed the
price Of gold at aS IT'S 3D., required 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 oyer
ever since. II England can fix the price
of gold the world over, the United States
can fix the price of silver tho 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 COM
mon political grave.
They say it will cause panic by gold
being frightened out of circulation. The
day president and a congress are elected
committed to its free coinage silver win
| L L. III 3D. Inn
will have CROSSED the Rubioon in night.
The next day silver's advance will begin.
BY the time the act is passed the metals
will have come together. Declining gold
will come out from hiding in a few days
} after the election, hurry to seek an invest
nent and will go actively into circulation.
1t will seek to invest itself in things that
are rising, for 1t will be falling in value.
, This Is a law as inexorable as any OF the
certain laws of trade. The wheat In ex-
istence is sure to fall in value when IL is
known that q large new crop Is coming
J The effect Is felt before the new Drop Is
harvested So IL will be with gold when
1t is known that a new crop of money Ne
coming. 1t Is enhancing gold that IL
boarded. Depreciating gold will go rap
idly into circulation for favored invest
ments in the rising markets.
But, you say, people will rush TO the
treasury to draw gold on credit money anu
will wipe out the treasury in a day OF ies
gold, and that would cause panic. There
too, there is protection. Those notes are
payable In colin, not In gold. With all the
Ubiquitous laws that have been passed the
last congress saved the word "coin' from
J being struck out Of our governments notes
and bonds The spirit Of old Andrew Jack
son should meet the Wall street Shylook al
the United States treasury door and tender
him silver In redemption for his credit
money. Again gold would have received
blow, and again would its decline CON
tinue. "The way to resume Is to re-
sume," and gold and paper came together
on the first day of January, 1879, the day
previously fixed. 1t did it because the
great United States government was be-
hind it. Gold and silver will come together
o-NIle DAY fixed Tor the same reason, ana
for the further reason that the laws OF
simple and true bimetallism make it i'm
possible for them to do otherwise.
They say we cannot transact business
with the COMMERCIAL nations of Europe
unless we use the same metal for our pri-
mary money as they do.
That is a fallacy. Gold does not pass be-
tween nations by the stamp of the govern