The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1900-01-25
SOLID SILVER FACTS.

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The following brief statements are
more convincing than all the long
winded arguments on ratio free coin
age or honest dollars, indicating con-
clusively, as they do, that the world
must have silver and what it must
have it will have.
Secretary Gage was before the house
committee on coinage weights and mea-
sures, Mr.. Gage referred to the need
of fractional silver currency. He point
ed out that the demand at the present
time for fractional coin was 50 urgent
that the issue ran considerably beyond
the $50. 600 900 authorized by law and he
commenced that this legal restriction
be repeats, leaving the treasury 10 defer,
mine the proportion of fractional coin
necessary.
And This:
The idea that the Indian government
will shortly have to buy silver, has stimu-
lated the demand Indications that the
reserve in the Indian currency depart
ment has been heavily depleted and will
be further reduced are found in the large
sales, Geographic transfers upon India,
further ear marking Of gold for the ac-
count of the Indiana government and the
dispatch of go d direct to India. Out Of
ICY crOres OF cash reserve only about Z
crores are silver According to the Slatisf
should.a further two millions of gold be
sent to India during the next two months
the silver holding of the Indian govern
mcnt will be PROBABLY reduced to about
4 crores Before such figure is reached
purchases Of silver for coinage ought to
be made, unless The Indian government
Is prepared to incur risks which must
bring disaster. The Statist insists that
The government must buy silver without
delay and have it coined as quickly as
possible, and says that India ought not
TO be the subject to further trials on Top
d The famine, pointing out that If troubles
occur on the AfghanIstan frontier, silver
alone viii be disable.
And yet we are met face to face
With the fact that we have only one
money standard gold. Property
values bonds values, and stock opera
lions are measured by gold. Gold
has legal standing on the statutes
and any holder of bullion can present
it and have the government stamp
attached How about silver? The
mint price is SO or SO cents an ounce.
The current value is the same as any
other money, III other words five sill
YER dollars will by as much of any
commodity as a five dollar gold piece
or treasury note. The gold broth
er is legitimized sneak and coward.
AWAY s out Of action when most need
ed. The silver brother is a bastard
with all the good qualities and
lurniseed name. Say what you will,
the silver franc of France, the Rus
sian rouble, the Indian rupee, and
the American quarter of Il dollar.
cut more figure in the worlds finance
than bank drafts, treasury notes or
double eagles And the Signal is
silly enough to venture the opinion
that the day is near when the worlds
necessities will demand the r,stora-
ton OF these rights that the PEOPLE
have been deprived by a gross wrong
and the stone that was rejected by
The Shylocks yet become the head
stone OF the corner. "For time at
last makes all things even The
golu bugs cannot continue to repeat
The cry that silver is dishonest money
and that silver men would shove so
cents worth of metal out as 100
cents, they cannot long make capital
Of that false cry and continue to
the act at Secretary Gage
rate.