Show IT IS ROTTEN MONEY HONE Y SILVER NOW IN use MUST most DEGRADED OP CURRENCY y kubont nU bont deceiving ud and or of NO juse ajr th thod sit taper T aper can be mad B be spec spectacle table by the tb Cr ae act of 1879 almot almost constantly tho statement is IB being made b by opponents of 0 silver silt coinage that the silver nollar and a sil cpr are am at par because they are akke redeemable in gold this statement however Is ia always made by those whose faith in the gold cold standard Is such that they are willing to say anything an that to is nf necessary teAry to sustain it without taking the trouble to learn whether it is truo true or false there la Is no law on the statue books tat for the redemption n of sliver silver dollars in I 1 gold or tor for their redemption at all they are themselves money of ultimate redemption and need no redeemer the silv silver or certificates are an issued upon deposit of silver doli dollar arg upon their face they dilo declare iRre that there there has been beebi deposited in the treasury of the united states one e silver dollar or more payable to bearer on demand A person who can distort that into a gold obligation should be a high priest of the false science of alchemy but says some goldlee while there la Is no law tor for the redemption of silver with gold there is a moral obliga obligation tion resting upon the government go to do so 1 that la is e equivalent Qui valent to saying that the silver dollar standing by itself 11 IB a dishonest dollar and can only be kept on an honest basis by gold redemption this assumes the entire case it if we have two different kinds ot of dollars and one of them tham becomes for or any reason more valuable than the other the one abne of greatest value Is always the honest ane while ahil 0 the other is dishonest in short if the gold dollar double in value which it has or quadruple or increase a hundredfold hundred fold the creditor oust must always have that dollar and any other dollar which does riot not rise in the same ratio is a thieving swindling dollar that Is the foundation of the entire argument in favor of gold standard it is an argument framed altogether in the interest of the creditor classes and one that w was ia wholly unknown until the st struggle began tor for the restoration of silver in the bulted states the man mam who beli believe evea 5 that the cag creditor dt must aunet adwa aiwa always 79 have the more valuable jj e money can very profitably consider the language of albert gallat gallaton in ln in a letter to secretary ingham written in 1829 speaking ot tte the use of taza tn two metals MAWS mr Oal gallatin ballatin latin says the whole amount of the inconvenience from the simultaneous use of the two metals consists in this their relative value being fixed by the law if this changes at market t the lie debtor will pay with the cheapest of the two metals and therefore at a rate less than the standard agreed agreci at the time of making the contact cont act if the change in the market price is due to I 1 a tall fall in that of the metal in which he be pays his debt and it is I 1 obvious in the first place that it if the change is due to the rise in the value of one of the two metals and that had been the only legal tender the choice given the debtor to pay with either enables him to do it according to the standard first agreed on tt it will be observed first that mr gallatin had not been educated in the school of ethics which teaches that the creditor must always have the best that is the most valuable and secondly he had not mast mastered erd that wonderful philosophy the cardinal principle gf ef which is that the value of gold cannot change and yet albert gallatin was one of the ablest financiers of his day the claim that the silver dollar is a dishonest coin and that the sliver silver certificate tift cate and sherman notes are only good by virtue of gold redemption Is an imputation upon the moral character of every member of con congress greas who voted for the creation of such money and upon that of ex president harrlson harrison who approved the sherman bill and made it a law but what is desired at this time more especially Is to direct the mind of the reader to the actual question of the redemption of silver and silver certify certificates with gold this cannot be done better than by reproducing a pars paragraph graph from wm E curtis letter in the chiago record of april 29 it is as follows A reader of the record residing at marquette mich asks the following questions which were submitted to mr huntington chief of the loans and currency division of the treasury department and upon his authority the following brief answers are given 1 I 1 Is it not the rule with the treasury I 1 department to redeem silver certificates in gold when gold Is demanded no L 2 what amount of such certificates have been redeemed in gold since march 4 1893 1993 none 3 what amount of these certificates have been redeemed in sliver silver the amount has been insignificant as people generally prefer silver certificates to silver dollars no record la Is at hand to show the exact amo amount un L I 1 4 has the government go refused to redeem these certificates in gold when when gold was demanded at any time within the LIA last three years or since secretary poster foster ruled that the green backs were redeemable in gold on an demand yea As aa arcurtis claims we believe to ve be a gold fold standard man n it is hoped th that hla his statement statement will be satisfactory kabase to those who believe sold gold to tic bo be hedged around wlm a aut lul P pertains to abiding citizen to learn that thor la IS on respect th which the department dee violated th the e law oai part ment has haa not yet ket cofi concerning ce the use of silver in our monetary mo system NW now If inthe these ce are not redeemable dee deer mable in gold and such redemption has been actually refa refused sed by the department Is it not in order for some go gold department d 4 champion to rise and explain what has maintained the p parity arity between betwee them and gold the sound currency COMM committee attee would dowell do well to fill an entire supplement with matter on that point I 1 it f there Is any other reason than that everow everywhere here within the united states a silver certificate performs the function of money paying tor for property and liquidating debts just as gold does we should be much pleased to learn what that other reason la Is and that is the principle upon which bimetallism works here and at oil all times within the country using the two metals one performs the same money function as the other therefore until such bimetallic country gets 1 its ts fult full share of the worlds money in on one 6 metal only some of the other is bo bound und io remain in circulation and parity will be maintained if this count rys distributive share ot of the worlds metallic money be fifteen hundred millions of dollars and w we have the tree coinage or of both metals then until our stock of one amounts to the full surn sum cf clr fifteen hundred millions lions some of the other will also remain in circulation and there can be no substantial difference la ia value between them |