CanÌƒon City record. [volume] (CanÌƒon City, Colo.) 1883-192?, 1900-09-13

idency in 1896. Most of them did not
intend to permanently leave the Re
publican party. They conceived 1t their
the endeavor to accomplish one spe-
cific change of policy, which, under
conditions then existing, seemed Of
prime Importance and feasible
through Democratic success at the
polls. The effort was futile, and since
then conditions have SO changed as to
make impracticable and dangerous
what then seemed feasible and salu-
tary. Moreover, the attitude of the
Democratic party is not such as to now
invoke the confidence of hard-money
bimetallists.
/. Coinage and currency conditions
in the rest of the world have so
changed since 1896 as to make indie
pendent bimetallism impracticable,
even If we had Congress and presi-
dent disposed to bring it about.
In 1896 1t could well be argued that
the United States could maintain the
parity of the metals If her mints We're
open to both metals at the statutory ra-
ito of 16 to 1 All the coined silver of
Europe was then circulating us money
at higher gold value than our ratio
u,o,,,d o;ro 4, Ind,o .rd Jop,n wore
,..u donon.,,nn On siIror 90 thair only
coined money; and having but one met
nj for monetarv uses this would not be
drawn to our omen mints. Under the
conditions then existing. the current
product of the mines would be the on
How is IT now?
c,no. ,eoc 1 has o,,.,oad hor
o,,n. ,,,,.s 5oar,,.,, .aontipo tho
Ia st.na.rd ,,a rooo,,,,na hor ,,,d
% H.. =, ,,,,.o,, ,,an,,,,no,,or
.,.,,,,, .,,,. III, ~, o,,,,nt os
gold IT formerly contained. with the re-
sult that the ratio OF value of gold to
silver. I'm the coinage of Japan is now
2sY to 1 instead of about 16 to 1. as
formerly. If our mints should now be
onened at 10 to 1 ten Jnpaneses silver
Won vou,d he convertible here into
about nine silver dollars. but ten gold
ven wonld be convertible into ONLY s.
of American gold. But In Japan SO of
our silver would intriusically be of the
.ame value as TX silver Won while
SO of our gold could there be convert
ed into twenty gold sen.
prss,o hos since 1870 reformed her
co,p,yo laws nv . similar process so
chat tho ,o,d ,mnori,I xybich formerIv
rss valued Mt ten rubles. Ia now val
,,.a NJ af,oon rrb,os silver 10 no lono.
er standard money, but a limited legal
tender. and the ratio between gold and
silver is 23A to l. and Russia, which
formerly had nominally silver stand
ard. has now definitely adopted the
gold standard.
The following conditions resu,t. II
,pr minis ,xsre opep IN tho frea ooip.
age of hotb metoIs ot III +o tbep ton
Russian silver rubles could he convert.
Oh into 81 4S in Amerio,n s;,vor dol
Int ION prss,on ooIa r,,I.s could
-. coryor,od int on,r g, !. In oo,d In
Russia so of American silver would
intripsicalIy be equal to 1857 silver
rubles. but $40 in American gold could
be converted there into 1943 gold
rubles.
II urst he ,nn,rort tho, ,,o oo.,,uu
of our ,,,,ts q, ,ha ,,ao ao,,,, 20
botb metals n, tho ratio ., IA 20
~ooId c,u.e , ,re,, rrsh ., cola -,
tbe IIp,tad states and a oorr,,s,,o,,1,,,..
| rrsh of silver frop, sore,,o,,, ,,,,,.,,a7
to our nip,s
80,
% ,an, spenueu 'ne coinage
VI ' i'' '''ei 'iiieu On her
po =. '',"se e',ane ny uei'iiite-
ue :" p.einoe'' ioo'' the
so'u s.u anu pihs 10 miro
uuee '''.' .'hni'u iii'o 'he ac'uai cur
i.".' u u. eoon'! hAihs 'he e1-
""s e' "s i"'e Vi ',ie rupee III is.
w. "nien 'i.ahes ,ne fa.io Oh 'alue pe-
tween goiu ana SILVER y to. 1. The re-
eui's are vi COURSE slihiihr TO those
lnsHtlOneu aDONe as 10 Japan and RllS-