The Savannah morning news., 1900-10-26

was repealed. Since that time the mints
have in truth been engaged IN coming up
the purchased bullion. Hut mark this.
Through the law. and by the operation
OF the Treasury, the dollars have been
kept equal 20 gold They are paid olt
only by tho government, and against the
receipt by the government Of an cqusl
amount IN sold. or IN service rendered. or
goods bought. With the governments
guarantee Of parity. and the quantity lin
tied, IL r. manifcstly an indlferea, cir
enms,ancc whether the ratio were Is to
], ~ TO / or to l. And vet Mr. Bryan
deftiy insiuuates that this practice justi-
lies free coinage Tor everybody az that
ratio without any guarantee OF equality
With gold from anyhody.
let M tell you a story II illustrates
the matter and makes Il more clear
-Four or five years ago listened 90 a con-
versaiion between a certain Judge and a
banker The Judge said II constantly
hear that our SILVER dollar r. worth only
sixty cents and yet YOU bankers and all
dealers are glad 10 take them for a dol
lar each. How is THAR Are they really
worth a dollar, or do you on give forty
cents more for each Of them Than they
are worth? My question a. an honest enc.
! want 20 know" The banker replied
We'll. I will answer you by the udCr-
garten method He held up nicklc and
asked the judge, What is that7' Ansewr.
a nicke-nve cents. what Is the
metal ia the coin WORTH Judge: Il
don't know" Banker. 4 will tell YOU.
Il IL worth about six ,enths of one cent
Now. with 50 small value In itself how
does Il come TO be worth I'VE cents3'
Judge. why. the government having iF-
sued II for Ave cents and having
received nvo cents for a. will
redeem u for nve cents in gold.
won't itf' Banker: Yes you have
IL exactly You have described what
Is perfectly analogous TO the truth
regarding the silver dollar The govern.
ment buys the silver at the market price,
now about sixty cents. stamps a certain
quantity OF n a dollar. gets a dollar for
It when Il pays one out and redecme Il
when presented Tor redemption Judge
Does the government redeem n with
goal dollar?' Banker; No, hat Il does
substantially the same thing. II receives
Il as the equivalent OF a gold dollar In
The payment Of customs dues Being ~
efficient as gold Tor that purpose, u h
now the equal Of gold for all purposes AZ
he same time II does this Il pays gold
10 every one that wants II and has
claim or demand on the treasury. Thus
the parity Is maintained" l have beer
obliged 10 say 30 much by way OF eN-
PLANTATION or preface Ia my main question
Real Interest of Barriers.
How would the interests OF wnge earn
ers aud salary-paid people be affected "
the Democratic Bryan proposition should
be- realized? In the year 1876 had a con
versation with one OF the brightest ana
most capable business men OF the West
Ne was engaged In large affairs-an en-
ployer OF labor. a bank president. and a
ma Of faa Ia IN m
II am persuaded that II IL for the inter
est Of the peopls OF the United States 10
open the minis for the free coinage OF Eil-
yer al the ratio 81 i6 TO !. and 90 get on
10 the silver standard as soon as posi-
BILE" said 20 hun 1T IL surprising
to hear such a statement from you You
must have thought It well over You can.
I know. make your though, and reasoning
perfectly dear Explain to me how
Il VIII be for tho interest OF our people
TO go into this thing. and n can $50 q
Us you do I viii drop all objections aud
cspouse the cause az once" This was
hts explanation: we have come 10
time he said when a protective tarin
no longer protects Under the Wilson
bill. which. though Democratic measure.
f. stiil protective. our factories are IDLE.
labor Is Out Of employment. and general
business languishes. The truth is we
the Older countries. where labor ~ cheap
Wages and salaries are too high here.
The iobar cost Of what we manu-
ufacturo "a TOO great. We must reduce
the labor cost To undertake 20 reduce
wages directly would simply breed strikes.
lockouts. disorder. and riots; but cannot
YOU see" he continued that ~ We adop,
silver as standard money for our domestic
use we will while nounally paying the
-
which viii be obtained az cost. meas
ured IN finished products Of not more
than one-haf the present cost % goh7
YES" I replied u see this clearly. II is
strictly true but you eaid II was for the
interests OF the people Don't YOU fccog-
nize the wage worker and the salaried
man as the peopleT Your proposition r.
a proposition 70 blindfold their eyes while
YOU pick their pockets can not agree
TO your plan. Better strikes. iookouts AMI
RIOTS than this kind Of juggling and cheat
ing through the medium OF payment. n
projection will not project (which time
will show, n our LABOR cost be too high.
" wages must. AZ YOU claim. be nnaly
reduced. the grind OF competition will de-
termine when and how much. Against
such q result. removable and just resist
ance should be offered. while you wouh
surrender the whole question az once
without struggle.
Wnaes Reduced one-Half.
Was the gentleman right7 Would the
free coinage OF silver and The consequent
adoption 81 the silver standard IN our do
nestle anairs nave the erect he predict
ed7 Would u deprive the wage-earner Of
oue-h half his present reward7 ! have no
more doubt Of the truth Of u than I have
douhs that grapes grow grapes or that
thts,ies grow thistles
You cnn see u or yourself n you will
really try. Give attention now II b
not difficult Il Is simple. You work
for pay IN what are you psid7 You will
say. In money" That Il true. hut the
money IN only an intermediary 10 that IN
which you are really paid. viz. things
that you use and consume. The value Of
your work u measured finally by what
your work viii procure. You are paid &
per day. 10 gold or ~ equivalent Two
dollars viii buy n sack OF nouF, a pair Of
shoes ~ . thousands pounds 81 coal. and
50 on. The value Of your labor H. there
fore. equal 20 the value Of sack OF -four
a pair % shoes. thousand pounds OF
coal. or what not
Now, among other things your labor nav
VIII buy b. silver. With two dollars OF
the money IN which you are now paid you
can buy ls1o grains % silver bullion. That
quantity 81 silver builion has IT, ex-
chongeable value al over the world IN
our market 1901 grains Of silver are equal
in value 20 a sack u Hour. pair Of shoes.
or thousand pounds OF coal In other
words, your labor poy ana go grains OF
silver ore equivalent to each other In