Show A GOLD GOLDBUG COnN CHED A wall street bold gold took to to too president ident IV 0 daou 1 of tho the can railway co has succeeded in extracting some very remarkable statements from the editor of the now new york financial chronicle it was like ito pulling a a wisdom tooth but president ident raoul applied the forceps 0 f common sense and the teeth had to come evidently tho the editor of the finn financial acia Chr chronicle niclo is a plain bluttman blunt man unused to evasions there must be diplomacy in in discussion especially when you ou find yourself cornered for this p evasion has developed into a fine art the chronicle attempts to employ it in replying to president questions eions but makes a great mess mesa of it and finally throws up its hands tills lill down and practically admits the force of the silver argument and gi gives ve its ils whole ct case ac aw away ay as we shall presently the financial chronicle it may be well to state had stated that if free silver coinage bythe by tha united states alone had any effect upon the price of hilver it would be to depreciate its gold value starting with this postulate the editor blandly invited any friend of silver to show where lie was bronc L in response e to this complacent challenge president IV G rhonl of the mexican national railway turned the searchlight ht of inquiry on the editor of the financial chronicle and asked him to answer a series of questions after examining these questions the editor saw at once that they were of 0 a very troublesome nature and so he sat him down at his desk and asked mr raoul to relieve him of his promise but mr raoul insisted and consequently we have lave in the current issue issue of the financial chronicle the attempt of tho the editor to answer the questions put to him we ile shall quote one or two to show 1 how low the editor crawled into a corner and then we shall give the remarkable statement in m which he knocks out the underpinning of the goldbug gold bug argument sir mr first question is Is not price always relative ve to supply and demand the reply of the editor and it ought to be framed and set apart is ir if by always you mean generally we would say yes if you mean always we would say no it will be seen that the ed editor aitor is beginning to set get uneasy mr next ques question ilan is la Is not the demand for gold god and silver from two source only one their use in the arts the ol 01 bolher tier their use as money the answer of the editor and it is worthy of eli perkins perkin is LIN so 0 silver is a commodity now and an dunder und or the low prices its uses have widened moreover you will have to include a speculative demand this was a very immor important tant and controlling feature of the market in 1889 1890 and 1891 this is the very essence of ev evasion As on the uses of silver have widened but when and where and how it is a commodity now but what made it a C commodity legislation of course and consequently its uses have widened and its as its uses have widened 1 I it has continued to tall fall iu in price but but apply the same formula to beet beef or to wheat to widen their uses is ti t make them cheaper to increase the demand for them is to lower their price did anybody outside of the ilia beigl neighborhood boyhood of wall street ever hear of such reasons did anybody except the editor of the financial chronicle ever have hav the hardihood to put out such non nonsense into to print this is enough to show allow the ridiculous nature of the financial chronicles answers to the blunt practical questions put to it by mr raoul we now come to a much more import important aiA ad admission that the editor of the financial chronicle has been compelled to make question no 7 as put by mr raoul is in this form when we see that the price of silver ail ver has fallen instantly il matin with every legislative act 1 limiting g its use notably and lastly the closing of the indian mints upon what theory do you predict its future fall upon legislative enactment enlarging its use the reply of the financial chronicle remarkable as it may seem is that while we are on a gold basis and our mints open to the free coinage of gold yet all the gold afloat does not go to the mint and that 11 silver bullion will be turned into dolla dollars is in obedience obedi enci to the same principles and influences that gold is now and only when the owner of the bullion finds that to be the more profitable way of disposing of his product continuing the edi editor lor of 0 the financial chronicle squirms in this wise does anyone any one imagine that with the price of silver in gold one eighth of a cent or any smaller fraction higher in relation to commodities than nil siler cj dollars are the mints would get tin bullion for coinage or take the monetary etar y conditions as they rule today to day clay currency is a drug if tho the country was on a silver basis thero there would DL be no demand for more silver dollars in that case prices of commodities would rise in silver anti and silver bullion would decline in gold juat 85 s fast as bullion nas carried to tho the mint to bo be turned into dollars indeed silver in large amounts would never be for coinage unless a need for dollars ex isted astei because when there was no need |