Show A SY3IPOSILM ON PARITY I The Denver Republican recently said i The legal tender function is what I makes either silver or gold dollars good j money and no other act of congress I save that which v sts these coins alike with the legal tender function has any thing at all to do with their purchasing purchas-ing power or their parity This drew out a rather lengthy reply re-ply from the New York Times in which it is started The legaltender function of silver aids in maintaining the parity between silver and gold but would fail if the treasury kept the gold and forced out the silver In the same way the legal I tender function may help to keep silver sil-ver good money but in a limited 1 degree No one can say exactly how much but very little Where the coinage coin-age of silver is unlimited the coined silver is little if any better than the l1nfnlnpr1 T > < + 1 hcr + I o Ub I do with gold being good money i Melt a gold eagle and it is as good as if it were coin to any one who knows I its value The coin simply bears the j I i government stamp of how much the I value is j i A correspondent asks the Hartford I I Times if there would be a fiftythree I cent dollar in case Bryan were elected i j I to which the Times replies I Its legal tender power alone makes I the silver dollar pass in the United I States at par with gold I This statement brings this comment from the Springfield Mass Republican Republi-can canBat But the Bryan fiftythree cent dollar would be full legal tender Why should It not then also pass at par with gold That Is whoit this inquirer will ask I himself and if he cannot get more j I light on the subject than is here given I he may be voting for Bryan six weeks hence Then the Times sagely re j I marks The amount of silver in it > the silver dollar is worth only 53 cents But the gold in a gold dollar is worth 100 cents Of course the gold in a gold dollar is worth 100 cents in gold All things are equal to themselves are they not Likewise the silver in a dollar under free coinage would be worth 100 centsin silver Why not explain these matters clearly when about it It is the legal tender quality of the silver dollar that keeps It at a parity with the gold dollar Given free coinage coin-age of silver with legal tender quality and there would be no question of parity it would be there ipsO facto |