The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1896-08-28

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laws n 20 mmsree n II n s,,s ~ s,,,., !,
s. ~ ne Y tneof,cs u the place OF old
.,,s 4 4 t ~, III -. ms nation could have
s zone =. Ana yet i "a cold historic fAst
ity md vs,i 1ss s esen an,e q maintain
~ s.st ~ IN kolu ~ actual circuintien side
z se e.. q any nxed tatio for my consider:
able time. In 15kA before the aoepfi0n n
ne leaerai eonstitution, the congress- Of con.
account and declared that u epntainei SO
vs-1eg eralns OF pure silver. Hold those FIR
, ~ ne eO3 FEE g &c Cnliea States e
Ing that 4 should ecatain aIiN srai I's Of
pure silver You nee that within seven year.,
the Iatig was changed. That same eoperete
psetiae9 fnet = $500 grains OF pure gid
~. 1ng that when eolned by ~ that one
tnrna ~ pure Rlld .hoatd Ne dtshi.~l e,tiily-
-. iviy noe o. pure silver TIE legal
al on y - ~ piwecn The two met
" " a Ssese sppr .ats.s.tsin 10 tilc conitner-
~. tsiatiun ex.s.sS 1es-seL tao M aais
~, ~, soo , ef1; is9 .ils-,f i-.eane si.aIcr
Although the legal ratio was Is 10 j. 81
. asss = teok 1el1 pounds OF silver to huy one
~ ,re,,n ~ so,e zee went out Of circulation
~. %ao oIls, r va saigped abrosd and the 81
acre had been coined by the United suites
Snts ~ % thaf time ~. lb7 silver dollars.
~. JEFFERSON, thu apostle Of Denocrncv afld
t ths Sug nemocrat whose name IL mem
year. was president. BE had npprcyed tho
tapo OF % ID proposed By Nj. Hamiifon
1 IN aaSptsd y the colnage act q INA. Ne
III ssgn believed ~ gold a. well rs oliver.
1na nlstoq compeis me % tell you that this
Dssm,ocranc president, who d the only saint
SUI let IN the Democratic calendar, on his
gwn motion and without any authority By
conasc X ~ me .,i9a mint e eiseentinns The
mat &c could make gold circniate with etl-
a s,es ~ me reao Of 1b to 4 BY stopping the
W. 81 Ameriean silye. He thonsht that
was coined, the gold. although more yalua.
p.e. would come ont Of Its hiding place and
Pc used The fact was that gold did not
q Sone GUY We coined gold and then shipped
elgn nations sent silver here. The Demo
s = lsiq power from $50 to 1870 With the
Ingie exception Of the one presidential term
VI Vn, s 1a,, quincy Adams. There were no 81.
1sQo 70 1sSa In 1884 congress charged the
tal, ~ De.Meen the two metals from 20 10
% g,a me present legal ratio OF to 70. Con.
p,,re eold II ,b ~ ssadreinE the wstght Of
ains But the laws Of trade worked ON.
- Lsss tnan 10 ounces OF silver would then
yuy ,s one ounce in gold. At the ratio Of 10 to
tra sss ana was ~ me more valuable metal u
out q the country and gold came In. When
u tne ratio Of 10 70 I silver was less rnIu-
came e i IN w sSsd gold went ont and silver
was more valuable than gold. silver went
oSe and gold came In. Tho metal which was
snrapeI NJ any hxed ratio uniformly and al.
Tbs tr aa9 Ne. the g., more valuable metal out.
s soc ey SIDE IN any large quantities. for any
SSsnstysetlple length OF time. These may not
~ ~ nttn n theories. They are actual his
more NOR vain yeIs,h, WIEN At xed Iatio silver was
ana was sold % bullion. ana gold was used led
~ ,sa npney. When gold was more valuable Il
bullion snd ne s,, melting pot and was sold as
may have ea b sige. ,,s SSs used as money Z
r M,sytsns, u may not .agrce with popuiist
platiofm or Democratic desire. but the fact
trad dsr. a ncn men and poor men. bankers.
ways paid out the cheaper metal ,rherarer
Sotn metals were used as money ard ench
nhs made for himself 90 far AZ he eonld
m1te p.ont there has been In hoartiing the
metal. Long before the nnnncs miS,lpt Syt ~
t hos tired 10 coin theory into fact: long
before the French directory tried 10 msie
cstion e ~ A. 70 cSln By the persuasive appI.
ress Ln l!Ig had printed paper which they
, nyYRtt na 1850. an old political ecoiio.
hath h.n.s y, solomon had written that what
under The snn l. pe ana there Is no new thing
Fourth There n a nothe, b,..a.,. a.. ~
NIt0a. I =
ever hear soira an a,Dg1O0o silver dollars had
almost ali * thstn snese United States. and
Remember fhIs az. ws.e coined before 1910.
the cheaper metal no ownes ~ s m gola Vas
brought his silver to the mint for co Sg,on
Is It not quite possihis tha .pe Z, open MARKET
mlnts again The owner ~ ss,,a. w An, 1pen ons
bring his metal for consre wiar D ~ a,, VII
more at the mint than lie can Ia the mar ~.
~, pnn tnat he will keep away fnom Tie
mint when be cnn get more IN tha y yna r w
, IN. Ia, a. the mint? In other words. tho iii.
yer mine owner Is man Of iika n sa ss,a ~.
alive, oI Ihssa -. and win he not sell Ills
VIII he not ~ n e. c sh get the better prleei
In the ~, Mut 70 70 the mint at 10 to /, when
ha ,"e I matHet he must give 80 for II viii
n The , ratia ~ ounces by going 70 the mlntf
onnce. ~ s's, saould ever change. 30 that Is
In the nlartet MI, THu,a puy one ounce Of gold
silver CANAL AL IN tue marketi Is not this
mine owner stnnds ni,., IN which the silver
TO Loser Always 10 win and never
Would you not like sam. .,,,.. g.,
the government would give you 81 !. h wsles
get $l10 would yo, not Hs IN ma q you could
and avoid inc ynvarn ~. seis 10 the market
market Won conIS o,,,.. .'tn ~ When In the
you not sell TO the co, ~. w cents would
s snI, % s x Genemen, do not wish ho 10
thets. but n moi nj. ssnYgest unseemiy cpl.
son,ethins. ~ h,nn ls Tree coinage OF silver
Again, 10 reneat IN sane.
made, This n : W.. Tue suggestion already
We are \ verv nc.I, s.rong government.
erfuI people W. b.S energetic and pow
ratio Of Is 10 silrs, ,s ~ sen mat when at
al and roid IN. .sa. seI VS. the cheaper met
and ths ILL.,, NV uea,eI, inc gold went abroad
this goyernlpent Nv h Ire. Az the power of
make one single owSst ta y, m mint could not
his bnilIon MIR ~, "ne, VI Eoiu bullion get
9 cents on tho 'dsliar hv so, ~ cpniu make
the market or sbInpIn ny se',,ng his gold n