The representative. [volume] (St. Paul, Minn.) 1893-1901, 1897-08-25

to money, the best is not too good."-E4-
change. onD
The meaning of this article is that
silver being worth as a commodity but
40 cents on a dollar, dollars made from
that commodity must be worth only 40
cents. This ii disproved by every
day experience The 40 cent silver dol
lars Of the United States are worth
100 cents, every one is glad to get them
and take them at 100 cents; and they
would be worth lido cents If the mater
ial used in making them was only
worth 10 cents, ahd the explanation of
It is that they are legal tender.
No one Will decline to receive them
in payment Of a debt, or otherwise,
because he knows that everyone else
Is constrained by law to take them from
him for 100 cents. II he was owing a
creditor and the creditor was not will
ing to receive them, all he would have
to do would be to make legal tender
Of the money and the court, when ap-
piled to, would cancel the debt and re
turn to him his note or mortgage, or
whatever it might be. Hence, so long
as the people are not bankrupt, but are
solvent, the money that will pay the
debts of the people must be solvent and
worth it's face.
Moreover, as we have many times
explained, silver has fallen in price be-
cause the demand for 1t has decreased
by the closing Of the minis against it.
If the minis were again opened silver
would rise to IT'S old level If the mints
OF any one country. as large and
wealthy as the United States, were will
ing to receive silver bullion and turn It
into legal tender dollars worth 100
cents, the same quantity of silver that
made that coin would at once be also
worth 100 cents. This Is as plain as
a pine staff. NO MAN WOULD SELL
HIS SILVER FOR LESS THAN HE
COULD SWAP TT FOR AT THE MINIS.
The Republican papers know this per-
fectly we'll. and yet they try to deceive
the people. The old adage is "the full
value of a thing is just as much as it
will bring" and that is true of money,
as it is of everything else. If the gov
ernments of the world were to refuse
to permit gold to be exchanged for
coin, or permit gold to be minted into
coin, they would at once stop all de-
for oil hoir ma
to purchase it, it's price would fall to
the level Of it's intrinsic value, which
probably would not be 25 cents on the
dollar, because being cheap the follow
ers of vanity would not longer employ it
for purpose ornaments, and the only
use it could be put to would be the fill
ing of teeth and things of that kind.
1t is a great Shame that the Republi-
can papers continue their misrepresnn
tation of all the facts. Why do they
not plainly say to the people that this
those who deal in money? BY reducing
the primary money to gold alone they
have lessened its quantity one half. and
thereby doubled it's purchasing power;
and thus they have made ''tle rich
richer, and the poor poorer"
If they can defend any such PROPOSE
ticn as that and get the multitude to
vote for it, they would perform a mir
acle. But they don't come out Of am
bush and tell the truth, they simply lie
and befog and deceive the people
If the people are capable Of self-gcv-
eminent they will find out how they
have been swindled and rise up against
those who have betrayed them. If they
dc not then the end is either anarchy
Or despotism; and it is hard TO say
which will be worse.