Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1897-08-27
THE FALL OF SILVER.

Tones claimed that the price OF ~hea' ana Oh
yer bullion travelled together, and he distriou''
ed charts to prove his position. He might nave
been ripht at one time but if so, he is not right
now. Wheat is up and silver is down. Silver
bullion was never so low. The goldites are
chuckling over the refutation OF Jones theory
but the situation is all plain Even scnool-
bow might see through the difficulty
Metal used for money purposes has COM
mercial value and a coinage value. "Trip
metal of its coinage value by ceasing to use II
for money, and it falls to its commercial Value
Strip it of part of its coinage value ana It's
price is governed by its partial use as money
and its use in the manufactures. supply oe'
mand and price travel together ANY af''ee
used for two purposes will bring more than all
article used for only one purpose. Supply Is
d.cr.osed as demand increases; hence, price adj
vauces. Gold would follow silver II gold were
demonetized or if the amount taken LOT COLI
age were limited to part of the supply. HIS
is all so plain that even he that runneth may
read.
Aoain. the fall of silver is Knockout
20 N. theory of intrinsic value. The Dull
lion in silver dollar is worth, as bullion, less
than half dollar The coin is worth one nun.
dred cents. Half the silver dollar Is hat' anu
The other half is real value or intrinsic. II all
silver could be coined, the bullion in doilar'
either as coin or as bullion, would be worth one
hundred cents No one would take less than
the highest price the market Afforded
Gold, having two full values, and one OF those
values fixed by law, never huctuates III Inc
sense that in bullion it is below COIN. Laws
governing gold coin do not change ana the
world takes the supply. Change the gold COLL
AGE laws, and bullion would follow CON- either
nm or down, Just as changes in sllver-coihage
laws have produced changes in the price OF Sill
yer bullion. The fall of silver bullion is no
argument against silver, and, besides, is doag'
ing the question -,
More money or less money; more liberty Tor
the people and less power for the gold syno'-
cate; prosperity for laboring men and the de-
announcement of bond holders, are the questions
involved. .,
II gold was in sufficient supply to give all
the people an easy currency, the free s'iVe'
craze, would soon die. 1t would have no legs
to stand upon. A hundred Klondyke golo
fields will not relieve the strain of stringent
currency, and until that strain is relieved, the
silver craze will go on, whether silver oullion
ooes IN or whether silver bullion goes down.
There will be no pause, aud no weakening
Everybody is crying for currency reform, ana
prosperitv can never be permanent till we have
genuine reform.
A GREAT deal has been said by the Republi-
cans about dollar wheat. In fact, men OF all
Sarties have been rejoicing over the advanced
price, many thinking it was due to natural
causes. During the past few days, howev~r'
those who have been watching the grain gam
blers have learned the true reason. There can
he no natural cause for the rise and tall OF the
price of wheat several cents on the bushei with
il A few hours The wheat craze was caused
BY the grain gamblers
CITIZEN of Garrett who travels over the
country, selling certain class of goods called
on a farmer the other day, and asked to show
his goods. "No use" said the farmer; ~ car't
,uy." "Why," said the Garuett man, "hasnt
prosperity struck you YETI" 80. yes'' SAID
the farmer; prosperity has come' butt they sent
the burned thing c. o. D., and haven't the
money to get it." The Garrett man drove On
THE dispatches report the assination of Pres
;d.ut Borda. of the republic of Uruguay.