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Show w EXPANSION i -OF- ( "PLAIN TRUTHS," ( III ; "Free colnnjro of silver Is not neccj-(iriljr neccj-(iriljr lilniotullsm. "Iftliefroo colnngo of silver would brlnff the two nietitls together In tho Brket at their colnnno ratio, thnt rould bo l)l.iiolnli8!ii, otherwise not." From 1702 until 1873 tho silver dollar of 412 grains of stnndnrd silver whs tie unit dollar of viiliic, and tho ratio of tho sold dollar from the beginning until 183s was 1G to 1, while I ho ratio of most of tho Turopunn countries wus 15 to 1. This Jmnll difference In markrt value titiccd tho gold to bo exported iind tho illror to Imported to laku lis place, so that.whlle tho people under thu lender-riilpof lender-riilpof JucKson mid ll,ritnn.wi"ro right-In right-In tho National b-ink, they also (hinged our ratio from 15 to 10 to 1, to itop thu explication :if our gold coin. I It Is worthy of note that Instead or Ranging the diver dollar, tht; ur.lt or AfOe, th-y lightened tho irold coin. MJut. thoy overdid the thlna, for lm-$Ulutoly lm-$Ulutoly our sliver dollar began to Slaapneur and gold canio In from ivnioad to fill Its place, na our silver coin was worth about 3 per cent, on an iverago, uioro than our gold coin In tho Europeau market;wh!ci cajsed tho (overnmul In 1851 to pars the law male Ion thu half dollars, quarters aud dimes lightly llght-wolghi. Most of our silver coinage thereafter iras In tbeso denominations, which gave us practically iiimotullsm. If It had not been fur the law making green backs legal tendnr, which drove both old and silver out ot circulation. In our opinion, if so slight, a difference differ-ence as has boon died, sent first gold mJ then silver Into hiding, there Is dangor, when the discrepancy Is so great as now, that nn attompt to fnrcu the situation by tho free aud unlimited colnngo of silver would result In greatly great-ly unbalancing tho circulation of tho two niotaU and bring us unon a silver bails, In the samn sense as we wcro upon a sliver basis to, 1881, and upon a fold basts from that time until 1854, but on a more marked degreo, This resumo of history on this point briefly shows that market value of mnmiy metals euters somewhat Into the financial problem. As to the rela-tire rela-tire bunelit or disaster of a silver basis i compared with a gold bisls It Is not our purpose to speak at this time, as ire deslro bimetal Ism, not u gold nor a diver mouomotalltini. t Commercial transactions aro now so fgo that thoy aro usually done by checque or currency. Even now tbero Ij a demaud on tho government, to receive re-ceive gold ciin aud lssuo gold certificates certifi-cates therefor. What the blmotallsts deslro is that ill tho gold aud all the silver shall clr-cutato clr-cutato either as coin or currency. Wo think our financial system wll uccump-Hah uccump-Hah this end, and besides furulsli the iddlllonal currency that 'thu Immense tolurao of business' of tho United States calls for, beyond thu supply of jold and silver, both used to their full-t full-t extent, rich surpassingly rich as rar country Is In tbeso metals. Unless there should arise among your cadors question and discussion, wo ibill troat the flva propositions of our Inancial system very briefly, simply tinting out practical considerations clearly as we may bo able. |