Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1896-06-13
WHAT FREE COINAGE MEANS.

WuAl TNEE SOhINAOE "6HiNS'
The free aud unlimited coinage
of silver means that neither the
president nor his secretary of the
treasury would be allowed any
longer to boycott the four hundred
and twenty.eight millions of stand
ard silver dollars now in existence.
The power that could re.establish
silver coinage would compel the
use of silver with gold in the
redemption of greenbacks. This
would do away with the false pre-
tense that bonds must be sold with
which to buy gold to redeem green
backs. 1t would remove the con.
slant menace by the gold gang that
the legal tender quality shall be
taken away from the vast amount
of silver dollars now in existence.
II would add enough to the money
in circulation in the country each
year to keep pace with the increase
of population and the requirements
for domestic exchanges. 1t would
make all the silver bullion in the
world worth just as much as though
il were already coined into dollars.
It would stop greenbacks from
being presented for redemption at
the treasury, because Heidelbach,
Ickelheimer & Co. and the rest of
the breed of gold spectators would
be offered silver when they demand
ed gold, and they would not want it
Free coinage would guarantee the
stability of the currency. The
grinding contraction now going on
would cease. The borrowed sur
plus in the treasury of nearly
500, 100000 would be expended in
grand public improvements,
including coast defenses, and thus
be restored TO circulation among
the people. 1t would gradually
raise the general level of prices.
The production of wheat and other
farm products would be resumed
on the former scale. Manufacture
ers of every description would no
longer engage in mere hand-to-
mouth production, but would man
ufacture for the requirements of the
coming year. This would give
work to those in distress, and would
enable laboring people themselves
to buy what they are now going
without under the harsh compul-
sion of poverty. The commerce
between forty.five states would be
resumed; railroads would be taker
out of the hands of receivers,
because they could again earn the
interest on their debts, and their
expenses, and something more.
The occupation of the panicmaker'
would be gone. With free coinage
would come a president and secre.
ltary of the treasury. who would no
spend half their time bawling to
the world that their government il
bankrupt and is compelled TO sell
it's bonds at twenty per cent dis
count from the interest rates of the
world to enrich favored syndicates
for some unfathoinable reason.
Free coinage would stop the bor-
rowing of money in time of peace
for the purpose of obtaining gold
with which to pay obligations not
payable in gold.
In brief, free coinage would near
back seat for syndicates and theii
official instruments--a back seat foI
the bears of the New York stock
market, and for the pawnbrokers
through the country. 1t would
mean that money would be more
profitable when invested in busi-
ness enterprises than when laid
away in a napkin to breed upon
itself. 1t would mean fair play
among men, and only one hundred
cents on the dollar in payment of
debts.
And free coinage is coming
unless bribery and corruption are
stronger in the land than the hones
expression of the peoples will
Cincinnati Enquirer.