Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1897-05-22

sSss ) sss0I 4 s Z e t sszs4 I
production has greatly Gecreased) we see that
the fan in the prize OF silvIr has rot been as
this accounted for? This wonderfully sustained
price OF silver can be aeeountd for In only 9be
use of silver. This has taken place in two di
l. In the arts The use Ct silver in the arts
2; AS money; There has been added to the
full tender silver money Of the world in the
last y years amount equal to the accun2u-
lations of al the eyes up TO that time: e,,
with words to say that silver has been de.
monetized.'' and to say that .'half our money
unn,itigated falsehood.
Production and Coinage of Silver In This
Country.
Our annual production Of silver is now and
as great it before the war, and yet
there are leaders amGng the silverites WHO who
pn the y n of se2H IS no a Sorfh
Our total eonage Of silver since &C, 1872 up ut, to
is average of almost s25,ooo- CO a year, or
ten times the highest average annual coinage
of s43l $50 457 is in the form of dollars. every
one of which is full legal tender. Such an
enormous coinage Of silver was never dreamed
OF in the world before
The Great Increasc In Cold Production.
But some one might propsrlyt ask in in this his
creased also7'' The answer Is. ''fcs. enor
Up to 1913 the worlds annual production Of
gold never but once reached $4,000. go. while
i be tn1s ad IN IT
900. The world now produces more gold
fury ago In other words. sir. fhe worlds pro
duction of gold in these last 30 years exceeds
40 years. This is the fact limited at in my COZ
t but n45 fieary 6r od aon IS
now more than four times as great as was tn, the
Fhia IS the fact. sr Which has sounded the
deathEnen of the free coinage of silver
Theoretical Versus Practical Bimetallisun.
The advocates of the unlimited coinage OF
silver say: "Open the mints to the free coin
age of both metals Then they will both be
though every country in Europe and America
has tried this experiment. though some are
cannot point to u single instance in which their
method has ever succeeded. As we have al
both metals. first circulation of silver up to
p9T @ AND them rs to oa
has been the sane ne Our coinage ratio OF 10 to
dervaIued gold so during those years. at least
the last 20 of them. our circulation consisted
9s and s to $685. to 81
as 40 to I''l overvalued geld and updervalusd
cuiation as money. No one would part with
foT oc
he could sell it for 1c3 eer:ts as bullion,
| nation that has ever tried the experiment. 4
double standard is, therefore. an alternating
standard It is not bimetallism. but one-at-a-
What the people want is the use of both met
/ purposes. They want the actual circulation Of
both. not simply the promise of it,. You free
silverites offer them method that has always
failed and in the nature of things always viii.
We offer a method that has never failed under
| adopted by all the leading nations Of the world
You offer q law permitting both to be coined.
whereby the desired result is secured with GER
! tainty. Yours is the bi1netallism of the statute
! book. Ours Is the bimetallism of the counting
room. Yours is theoretical bimetallisna. Ours
Is practical bimetallism-
A Short History of Coinage.
In the evolution of money the metals gradu-
ally superseded all other commodities as the
medium Of exchange Iron and copper came to
be produced in such auantitiss that they ceased
In the course of time. as civilization and
the demands of trade reaplred It, g odb was IN
this evolution nations needs and progress
h BE ct Sy M by
At first the metals passed by weight. To save
the trouble OF Carrying sealss nnq the the
gradually grew up of having the ruling prince
cut the metals into pieces OF convenient slz.
and shape and stamp one side Of the plece
its weight and fneness land later on its worth
and on the other side the features OF the prinSs
Of coinage
their greed or their need to put into the coin
less Of the metal than they should. Then. IL
ooins 70 payment Of obsaions the De
creed that the coins must be accepted I'M
was the origin Of what are known as "lega
For hundreds of years the money Of Rom
IN mas e19 pRnesS word OF
for copper is ''aes, - and to estimate hteral,
e. COOPER 90 e was dethroned and silver beeam
the standard money About loU b Z; goa e
f.M Of Rome Europe was for about ave cen
turtles almost entirely without gold money