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Show SILVER AND THE EXCHANGES. M It was wired the other day that Professor M Jeremiah Jenks of Cornell University, who has fl been In Mexico for some time making a special H study of the monetary conditions there upon in- H vitation of that government, gives as his opinion that: M "The plans suggested by the Mexican govern- M ment by which stability will be given to rates of fl exchange with gold using countries will be car- H ried out, while at the same time silver will con- H tinue to be the leading currency employed with- M in that country. Silver will be kept at par by B careful government control of the amount coined, H by the gold exchange funds in some of the lead- H ing financial centers and possibly by other H means." H The milk in that cocoanut is in the last five H words. If the United States, Mexico and China H agree upon a basis upon which silver can be kept H on a parity with gold, say on a basis of 30 ounces M of silver to one ounce of gold, that will within a H month fix the exchanges of the world on tnat H basis. To all Intents and purposes that will be H the remonetization of silver, only each nation will H make its own coinage laws. When that is finally H accomplished the world will see that all silver H needs to be as good as gold is the same recognr- H tlon by the nations of the earth, and then the un- H paralleled wickedness of the legislation of 1873 H will bo made apparent; the wickedness that H struck out of existence one-half of the world's H money when our country owed 2,500 millions of H dollars, when the railroads owed as much more H and when the debts of individuals amounted to as H much more. It was done, too, for no purpose but to double " the value of the gold bonds, and to double the purchasing power of the interest collected col-lected on those bonds. It cost the country in money twice as much as did the war of the rebellion. re-bellion. "We said country, we meant the men who worked, the men who owned the property, and who, by their property and toil tried to live. It was the working and debtor classes versus the money loaning class the producers absorbed by the interest gatherers. The bonds are paid now or drawing interest so low that they do not hurt, and we expect to see silver romonetized beforo the next presidential election at about 25 to 1. |