Show WON ON SILVER imitates grover and writes write S a letter I 1 GOLD THE ONLY STANDARD D denver man that demonetize I 1 TUI U st JL brally took place in 1853 find that a pal ity of never in this country simple 0 astion of supply and demand deai ind if dg only understands I 1 e illusion hh ton may 7 secretary morta tc s a fetter to james A colo ia in answer to of c deaver C 0 C 1 I a hiff lia efrom froin that gentlemen clitia ing 1 VW statements in ill tile the intel lew alth A itly of agriculture printed ao which holcli cau caused aed so much cament it Is 1 im AN follows tol lowa our left r of r april 2 22 it i are y and I 1 factly agree anrce WWW wo that at you per ln the fundament lun dament M point mint that ny a 1 and supply inexorably re regul gulite Lile ill 11 kufs abl whatsoever v hat selever at all times and a til all placa pl acci at what points do we on to fIra parate tc from each other art and d ben 11 so go on 0 10 0 o conclusions so BO utterly dt dl erla these points aro are only two he first historical and the second bogl cal tinh you y rbuce certain proford to 10 be true of silver which are not historically true tim of nt all but quite the rf merw axe ot at true you 1 say fc for instance anell in the chief use me ot of silver was fr for coinage it had other uses but the denland demand for its coinage purposes it as toady ready awl anti constant I 1 on oil this point you have been keen mon porously misinformed tile the first federal aln of silver w err minted in ansi I 1 alid ni ot of gold cold in 37 91 their ratio was recommended by alexander hamilton and fixed axed ty by get acl of 0 congress it was 1 15 to 1 it ni as hoped thus to keep the two tiro ni metals ali in on the coinage I 1 but they would not even come into 1 I 1 brio on that ratio still less acsa would they stay ly there only silver dollar pieces flew were coined at the american mint in the entire year of 1805 ISO because the direr 1 as worth more out ot of coln I 1 i age gt then linn in it and worth more for or ex k port than for or dome tic money what 1 was w the ali matter v w IT iett ik those silver dot dol lara jars nothing only they were too val liable may 1 there came un an order jr rm in president Je jeff nenion r ron to the dl rector of the mint at philadelphia that all 11 the lh silver to be coined nt at the mint shall be of nt small denominations iso 10 the lh value of the largest pieces shall 11 not weed halt half a dollar VARIATION OF STANDARDS tilt the reason given by the th president Preal dent I 1 for this allu order was that considerable purchases P have been mode made of dollars clin I 1 ilni d at t the mint for the purpose of 0 exporting them and that it is proba allf bif further urther purchases and exports t I 1 on i aviu wig he be made the coinage col naffe of silver bollara thus thua suspended aur at the amer I 1 rint wan waft not resumed there ther for Virly rears in these theo few facts vill velch jell ir cf and unquestionable be bc fau bg the beauties and advantages of a idelt jandard tan dard the unlimited crana fro metals in an enacted and 0 con nil stilo with each other two natt of different lengths length to measure cleby in the name garne market 1111 by the law of 1831 the ratio was wai sub aub put at I 1 to ia 16 but this ling too far in an opposite direction goldbas not worth 16 in silver in tin the markels of europe Eur ripe consequently the curt cun ent of the metals was va mi tor for a time reversed silver pashing la IQ abroad to liquidate the ta larros of trade anti gold coining colln com ln in ball to tin the united states wire hn it was wa more than 3 per cent dur aw in silver then than jr in europe ry by W ba the immense Im menai disadvantages of a t standard had become no BO elal plain n last tl aji the people that conn zeft wisely determined determine to abandon the afy liy futile attempt to secure tile i 1414 of the two metals and to make rn M the legal leeal tender for debts except bruins of it fj 15 and under DATE OF t Is M the second place mr cherry a ag IS instance of an historical assume HB contrary to lo the facts fact a and natural lafr tf ence trence allow me respectfully to call nr aal yal r attention to the use in corn common man tb many lio bo called ot of t date of 1873 as tile the time of the de of silver unless I 1 am baken kaken ken tile the silver dollar la is riot not at all one way or the other in act of 1873 1973 all the silver an aa I 1 understand it that ever ran a about in this country happened happen 0 d the law of 1653 1953 after full dis cussi 0 n part cally leally with unanimity when wh en YS introduced produced trod the subsidiary ill fit i ll WW tinge InaKo of which a nominal dol lamorth laO ales worth orth weighed per cent ia lens yuie via silver dollar and also toola to AZ the legal tender quality of all sll 1511 th ill payment of debts of at over 45 in mryt nt ahna blind SH ind cl na you employ over and over n D in your letter the two most corn M logical fallacies that enter into the fab ch of men every berc re putting cause into the I 1 tc anil and effect and ad assuming that bo be htone aalt one thing thine ha happened period after boothe another I 1 wit point ot of time tit PC tre fore it was waa th the a mini suit of that other 1 ut let Us u look candidly toe ether at the iwo wo tir or three in stances of this taken at I laB you risk ask what creates deh and 1 r and 1 answer use I 1 ask fr in rny IF urn bilat creates use and anscar answer L I 1 18 16 lt it there is a 0 little use of ell er 11 0 in this country today to day lb are millions millions upon it t thib e if lying rig nic ille N xo 0 DJUAN IKa djuana iAD 1 FOR SILVER confidently because there I 1 I 1 I 1 DO e demand tor for them have you y up riot innocently aly but badly mixed cassir and effect in this ihli cake cabe mahs k in 1 the ca sense 14 1 part at bill desire ale fa for rito ni ething on the inne a a man op d with ills will th cioth 4 other ato illy something thine for it satisfy alo he owns it it ie fr at of that thing no 0 matter atler what T oil only ollowa the th a demand for it 11 th tb a tw tot belal ess I 1 Y put the lh cart before 1 rig I still amr what blat Is the fenre of t clamor f the itei yv bior coinage aih when 0 n or erot aesa ury cannot get bet rid ad by hoo hook k 1 ing t 0 f these already coined and k mank ats 1 heaps they are w well e 11 len if i 0 just tte lil balne tent ax bm b M lit S a mitt tender fr f or r ill all debts an and 4 fth tl LN legend K d in god god we trust mug mint 1 thera m I 1 answer and ami no you on ta renit re fie if llon do aday dD ay i on there Is nu no for ath ill thern g arld nd therefore no dot fiina fi inh what it more can tile law hr pa of pk e I 1 R the ya afi present comptroller litsui lit fui 11 1 i ney y has mada di it probable pro lial hi att I that about M per cent dol S all hauppa of thin country rio ua lusi 1 arl TO by y meana als of th 1111 0 lits n ka 1 bariks batiks la anil 1 l cleared by IA ft 1 alth 11 ll eliy little use of 0 cups kunii t I 1 I 1 I 1 A I 1 1 the relative employment of those I 1 in rt of credit it 1 constantly ini in through the ibi multiplication ot 0 er aas ing b banks anks anti and ot berwise of course alan the quantity of cal coin mony money required to do the business or ali tile way id or 0 ci cr I 1 any a til y d country lit in the world 1 I li steadily decreasing rela relative ie to the business buel noaa done |