Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1896-10-13

silver as we did before the war.
Yet in 1858 we produced 100000
worth of silver. Multiplying
that sum by 1000 gives us five
hundred million-about three
times as much as the entire word
produces annually.
.'These are few of a score or
more absurdities, false statistics
and fallacious reasoning I find in
his congressional speech. Is it
any wonder it is revised aud cut
down every moon? But his
campaign speech is far more
tallacious. He says he favors
the coinage Of silver on govern.
ment account, and the free coin.
age people favor the coinage of
silver on private account. But,
II he favors the coinage of silver
dollars on government account,
why did he vote to repeal the
Sherman law in 1898, when under
that law silver was coined on
government account? How
many dollars each month does he
favor coined on government &C.
count? How soon does he want
such law enacted, and how
would such a law differ from the
Sherman law, which he was &C.
tive in destroying? The fact is
ne does not want silver coined at
all,and puts up the government
account plea to hoodwink his
constituency who are bimetall
lists. If he is in favors of COIN
Ing on government account all
the silver offered for sale to the
government, then there is no
difference between that and free
and unlimited coinage. In either
case silver would be worth $1.29
per ounce. But if he limits the
amount of silver bought on gov
eminent account, then such coin.
age will have all the defects of
the Sherman law, and the silver
dollars will not contain 100 cents
worth Of bullion.
HE says he is opposed to hi.
metallism because the "thing''
won't work. That one of the
metals will go to the mint and
the other to the market. Now
that is false, unless by market
he means the mint of another
country that coins the metal on
more favorable terms. He well
knows that we failed to get the
concurrent ejaculation of both
metals before 1873 because we
did not adopt the French ratio OF
153 to 1. He tells us, that money
is cheaper today than ever be-
fore, and proves it by saying
that interest is cheaper than
ever before, the cheap interest
means that gold has cheapened
instead of appreciated. YET
every economic student knows
that it is dear money that pro.
duces cheap interest. Interest
on money is like the value of the
crop on a farm. When the land
is high the crop does not yield sc
large an income on the invest
ment,
Again, Prof. McCleary says
''You ask one of those gentle.
men why he favors free coinage
on government account, and he
will probably answer as friend
OF mine answered me not long
ago. He said: II am in favor
OF free coinage because the mer-
chants, lawyers, doctors, bank
ers and all these men who have
got ahead in life are against it,
and for that simple reason l am
for it,"
Now, that statement is the
rankest sort ofdemag oglsm, and
the only redeeming feature is
that the man into whose mouth
Prof. McCleary puts those words
is a friend" Of his. But no such
person ever existed, nor did any
person ever make such remark.
The statement was made by Prof.
McCleary as an appeal to pref
udice, ignorance, and passion,
arguments which we'll become
the advocates of the gold stand
ard, which is so good q that his
party is pledged to destroy it.
: Again, he says, ''bimetallism