The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1898-10-20
GOODWIN VS.. SCOTT.

'6~ WIN, cuttOi Va ohC Oait
Lake Tribune. has taken Col. Scott
of the Oregonian to task for a lead
er in which the strongest assertions
from a goldbug standpoint are ad-
vanced by Col. Scott, and some of
the cleanest cut criticisms Of SCOTS
opinions are composed by Judge
Goodwin. We give a few samples.
Col, Scott says.
"Money was cheap in the days Of
the southern confederacy, when it
took literally "a barrel of money to
pay for barrel Of -four. Money
was cheap in the days of the Rhode
Island bank Of 1886, and money
would certainly be cheap if free sill
yer ever forced us to the silver stand
are, since it would take more than $2
Of it to buy what now sells for 81"
To which Judge Goodwin replies:
Ii that is true, then when the farmer
goes out with his wheat to buy a
dollar, he has to give double measure
for it, does he not?'
Again Col. Scott declares: can
honest dollar either contains a dol
lars worth of metal, or If it is pa
per dollar, it is always exchangeabIe
on demand for dollars worth of
gold or silver"
Again Judge Goodwin criticizes:
GLOW are you to reach what dol
lars worth of metal is? Why is %. 8
grains OF gold called dollar? Is
it not because the law calls it a dol
lar and gives it full recognition, and
because the metal is so scanty that
no surplus of it can be obtained?"
Whereupon Scott asseverates:
s.The silver IN the silver dollar when
presented for free coinage is worth
between 46 and AZ cents, whereas
the gold in the dollar presented for
coinage is worth full 100 cents.
And Judge Goodwin comes back
in this way: "What makes that save
the official recognition of one and
the rejection of the other? Suppose
law should be enforced fOrbiddins
the use of wheaton -four for breaC
and compelling the use Of cornmeal
would the relative prices of the two
cereals be changed?"
But Scott still persists in saying
1.-The reason why We repealed thu
silver purchase clause of the act o
1890 was that the yearly purchase o
some $40, 600, 900 of silver and th
issue of silver paper therefor, whicl
could at once be exchanged for gold
would have ultimately have draine'
US Of our gold and forced us to pa
in silver, which being no longer ex
changeable in gold would be wort
only its bullion value. Price woul
at once be changed to the silver lev
ell, and would take fight, as it di
during the war and become scare
commodity.
To which Judge Goodwin make
answer: sThe reason why the la
was repealed was because the cred
tor class saw that the repeal OF I'll
limitation in the purchasing claus
would put the metals on parity
three weeks and they feared th'
would be done, when their purpos
G was to destroy half the worlds moi
ey. The assertion of the Oregonia
is but an unsubstantial opinion. "
And then Col. Scott branches OF
as follows: 'The panic Of lbs
taught our people that public con
dence and nothing but public con
dence, can make money plent
When the panic Of 1898 came, the
was no money; it was all hoarde
had the government issued mo
money, it would have been boarde
too. Public confidence makes mo
ey plenty; imitation by the COVER
ment only makes money cheap al
dishonest. Money is plenty VIII
= there is confidence in your collater'
no government can make money pie
ty; it can only make it cheap a
dishonest by Initiation. The silv
craze all dates back to the delusi
that the government can create me
: ey, when it can no more make
money than it can make fat lab'
m Government can no more make
m cents pass for 81 by stamping it
dollar than it can make one da
Ia. work pass for two days work. y