OCR Text |
Show EXPANSION -OF ... "PLAIN TRUTHS." v. ktod now for a glance nt Ihe provls. Ions of our flimnclnl platform. 1. "Any person depositing nt any mint of Ihe United Slates tiny (told bullion ol tho reqiilrod Oneness on Love In payment therefor gold coin of the Unl-ted Unl-ted States or demand notes of tho Udi ted Rules payable in coin." , This provision nnd the next nro in. tended to glvo to depositors coin In tho metal deposited, or, If more conveii-lent conveii-lent to their purposesa piiper nhso- l luiely duplicating ti,o coin, dolhr for I dollat. Tlmt these demand notes shall bo pnynblc In coin, sltniily without specifying speci-fying llio metal, Is in harmony with provisions alieady existing, designed to cnnblo nn honest, administration by k discriminating ngnlnst neither to keep ho two at a parity. MjJ'uEfw.ho, .under such an option, vViTTintid sllvor Hi equal amount arc tRwY"111 on every such obligation pre-Hf pre-Hf f"r l,ni'n,tjnt" Uw illlTuruiit tie course of our government uuder recent admlnlstratl ins. This first provision and the next would keep every dollar's worth of bullion presented at the government minis In actual circulation as money. Hut thoro is one point in the second provision that requires separate no ilce. n "Any person dep'-sitlng nt nny mint o! the- United States any silver bullion Jrequlrod fineness can havo In payment pay-ment therefor, at lis market prlco in Now York city, silver or demand notes of iho United Statos payable In coin."' Why do wo say "at us ninikol price la New York city?" Are wo "gold-tugs?" "gold-tugs?" Would wo disci Imtnato against the white mciul to lis damage Rather would wu leave tho gold basis untouched) and appear to place silver on a different looting from gold, for no ntber purpose than to Iiiko the wind out of tho sails of tho opposition crew, and accomplish tno roiuonetizatlou of tllrer without that Jar to commercial operations and that confusion of values which, timid souls have fearod though professed blmeiadlsts. For instance, when tho law requiring Iho purchase by the government of four and a half tnlll.ons of ounces of silver per mouth was being executed Jliero was u constant outcry against Vu loss tho government must thus &taln. It Is not necessary to our purpose to (dint out how even this limited demand de-mand krpl up tho price of silver, but to point out how, under a different law the price may be brought to par and that without loss to tho government, jail without forcing an unwilling mar-let. mar-let. Supposo that tho government should. Iflh today to take all the silver presented pre-sented ut Its market price, 001c. an ounce, and coin It Into money at II 29.20, our government (which wo like to call, in jocular yet fond person-lilcailoit, person-lilcailoit, Uncle Sam,) Instead of losing, would bo putting Into his own breech-u-pockot (that In, the United Slates Treasury,) 00.01 conts on every dollar coined. Aro oincltlzens so much fonder of having the government make money or profit, than of making It themselves that all the "bears" on Wall street nuld keep tho prlco of silver down? Would nol the Wall street speculates, speculat-es, then, being ituablu to "corner" -jlver, Instead of leaving it to the act-wl act-wl producers of silver to bring up the rlco of silver in response to nn unllrn-ted unllrn-ted demand, ull become "bulls" to oss it as rapidly as possible and reap lie beueflts, i (If any uninformed person should yy, "would thoro not thon bo too al(ich money, would it not all depreol-S depreol-S In value?" wo should simply an-fewer, an-fewer, "pooh!" For everybody who Mnks along these lines understands hut when Interest Is low It Is because nonoy is so dear that, poor people and KopUi of niTiderale means cannot use i being tillable to give any adequate (fturlty for it on account of tho doused do-used price of their lands and com- (O'llttcS. No, with all tho gold nnd silver In demand and circulation "as money ?re Is yet need of tho currency protons pro-tons which must Lo left for another ffer. ' |