| Show elementary LESSONS LE the I herald on wednesday a preposterous idea that by ark j all to adjustment gold and at silver I 1 ver could be made to circulate side by sidel bide each rising and falling ailing alternately wi 4 said the idea was ft a fallacy and explained m iphy by it came back yesterday anu and I 1 gave eave its authority senator stewart and ana congressman cr eBman we cannot filp help it it la Is contrary to fill all experience T and d all common and to all the te things of the men nho evor er earned eminence as writers on political economy ocono we have bavo bad ample experience in ou our own country for thirty eight years y prior to 1873 our ratio was waa tut but halt half a point higher than that of continental europe the silver ounce was worth in n our country about 8 3 cents more t in europe but that trifle caused alir our allver dollars to drift way their col coinage ilage practically ceased T to 1 gave ave 1 half hak dollare quarters e lime dimes etc eta J they had bad to be no berrow ing and no lending could overe onie that difference it Is an inviolable law lat tho the price of 0 silver la Is the same hii over the world our dolly quotations art u from rom london ajla it have been sin fil nee is sliver liver through the law of 0 1873 began bc gan tj i draw away from cold there Is IB no possible wa way it to equalize i them m save by s such c legislative enactment as will ul oleo coca an unlimited demand for or both in benl als tit at a fixed ratio the price of 0 to el I 1 was established by act of 0 parliament t in 1841 that price the world has accept ed that makes 25 8 10 grains of cold an american dollar it if our congress wort were to enact IL a law 44 laring that our silver dollar of ot dard grains should bo be a unit of value the same as an tho the gold fold dollar an unlimited tender for all duos duo and open t 16 mint to the unlimited col coinage laget of ll 11 UK metal silver men assert that it w wo ld be worth not a little more ore or a lit III Is ie less that than the gold dollor but bat just th same ishille other insist that hat ou ell coun try r Is not t powerful enough alafi to ac c thle this that it must b by t concert of our bellat 4 that thai inasmuch us as the silver in I 1 lh world if dumped upon us would a tit no t be too fur the busine business of 0 the co coi try itry to tide and n tile the me matali tal would at at to IL parity nd r main III ahr f but q ri sur emi as is we lit w r th I 1 F i atton to e nur lus over to b I 1 it mor ilia than lit all or it if it P II if to 10 it t U III 4 i ri in 1 a 11 af pf ilia gi 11 ti 1 oin 1119 without vilu in itself and limitless in quantity can lie be made independent nde pendent money that would do 30 it all ft ore ere eliminated until then paper can only be successfully successfully used by making it redeemable for while the world uaea n single or double metallic standard the standard hlll tt III rule and nothing will pass as men rooney that does docs not rest on oil it and 90 0 o lony long its aj senator stewart or any other man inan preaches that gold and bit il vor may vary in value from day to day and still by some patent automatic adjustable pr process oceon circulate side elde by tilde bide lie hurts the cause of silver for or he tiles files in tho the face ace 0 of an ammu immutable table law abich every great authority in the world recognizes and all experience confirms |
