Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1896-07-24

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| sold for only fifty cents on the dol
, lar, half their face value They wer,
payable in currency including paper
silUer and gold. at the option of N,
government. The investors thus drew
an interest on twice their investment
but their greed was not easily salts
fed and they Immediately began in
trigueing in Congress to make theii
investment still more valuable Theii
work eliminated in l873.when silver
, was demonetized, making the bonds
payable in gold, the only primary
money of the country. For one
thousand five hundred million dol
lars invested they have thus received
or are to receive, three thousand mil
lions in gold. But more than this
the act itself increased the value oil
each dollar 80 that half the debt un.
paid now will purchase more com.
mOdities than the entire debt would
buy at the time of creation. And
yet the very persons who perpetra
ted this infamous public crime, who
are the sole benefciaries under the
act, now pirate of patriotism, aud tell
the people that the gold dollar is an
"honest dollar" 1t was a clear steal
from the people, of fifteen hundred
million dollars, legalized, it's true,
by those sharing in the profits.
PUT~A DOLLARS WORTH OF SILVER IN
EVERY DOLLAR
The contention that the govern
ment must put "a gold dollars worth
of silver in every dollar" shows an
utter ignorance of the whole none
tary question. Ia destroying halt
of the money of the country through
the demonstration of silyer,th gold
dollars remaining as primary money
have become too valuable, procuring
twice as many commodities as before.
They are two hundred cent dollars,
and the demand now is that twice as
much silver be put in the silver dol
lar so that it will represent two hun
dred cents and equal the gold dollar
Four hundred and twelve and a-half
grains of silver, mintage standard,
in 1872, before the metal was demon
etized procured one bushel of wheat
or two bushels of corn and the same
amount of silver now will still buy
bushel of wheat or two bushels of
corn. Twenty-Five and eight-tenths
grains of gold in 1872 procured one
bushel of wheat or two of corn !
but now this amount of gold will buy |
tlCo bushels Of wheat or four Of corn;
and so it applies to all property and |
every commodity. Gold, then, has
doubled in value procuring twice as
much as formerly while silver has re-
manned the same, getting as much of
everything, but no more than for.
merly. If silver had fallen in pur-
chasing power One-half and gold re-
NAMED stationery, then the demand
for twice as much silver in the dollar
would have been just; but as gold
has gone up in purchasing power to
twice its former value and silver re-
mains the same, the demand for an
increase of silver in the dollar is I'M
just and dishonest. The demand
rather should be for a reduction in
the gold dollar
In 1873, when silver was demone-
Jized, the gold and silver coinage OF
The country was about equal. The
act made gold represent what both
gold and silver before had repre-.
sented, and as a consequence each
piece of gold became twice as valua-
Die as before procuring twice as much ,
and, twice as much property, and
.wice as many commodities. Those !.
having the gold did not object to
such an alteration in value Of the
metal; it simply doubled their for
unes, and promised them also twice /
Is much Tor their future mine pro- D
iuct. But for the laborer, who had .
10 gold, who was dependent upon a
lis products to obtain it, how did it j
esult Tor him ? 1t forced him to f
rive twice as many products for a 0
,Old piece as before, while his taxes, n
lis doctors bills, his educational fees, v
lis debts, remained the same, still h
'ayable in this high metal The in. f,
Justice then, is to the great toiling fl
masses, who produce all that the G
ich consume. Each dollar M ans p
wo days work where it formerly n
ieant one, and each debt twice as 4
luch labor as before, the fortunes OF i.
be rich and the misfortunes of the l.
DOR together multiplying. -
WHAT BIMETALLIsTs CLAIM .,
that if you restore the coinage U
WIS as they were for more than til
ghty years previous to the demon D;
.ization Of silver, allowing unlimited s
image of both gold and silver, then
Ie increased demand for gold will
, transferred to silver and the gold II
a consequence, will return to its ac
rmer ratio with silver and COM ca
ODDITIES. 1t will no longer be two liy
inbred cent dollar, it will again be
one hundred cent dollar, buying
e bushel of wheat and not two. the
DIV put the question to your own cui
ason and conscience. Isn't this the
r and honest,and doesn't such leg.
alton promise the greatest good 70
the greatest numberg pie
ask that legislation shall her
in the interest OF the sixty million cor
lers Of our country, rather than A
the interest of the ten millions mes
20 do no work whose only purpose ker
object is to make money out of S
'ney, producing nothing. Bimet- per
ism is for the masses. the pro-
GERS of the country; monometal-
n for the unproductive few. T
A nation cannot always last as sort
ney making mob; the words that pro
muse of history couples together aud
riches and sensuality; riches and per
ruption; riches and ruin. As other The
an hlfae hor v,n.~,.1 ciffti