Show THE 67 CENT DOLLAR the alie following taken from coin a new liew paper devoted to silvert silver is a very lucid explanation of the reasons why a silver dollar is worth only sixty seven cents and proves that the clairn claim of the single standard men that to place silver on an equality with gold would be disastrous to the best interests of the country is false the men who are responsible for the silver in a silver dollar being worth only 67 cents are those who took away from silver its rig lit to free coinage in the mints of the country count rj coin money lias has two values value s first the intrinsic value of the metal out of which it is made and added value given it by its adoption as money the latter lacter increases the demand for that particular metal take away from metal in part or whole this demand arid and to an appreciable extent it must decline in value bear in mind that when silver was denied free access to the mints for coinage into money ata fixed value gold was left as the only commodity to which the government fixed a price Since the debrada degrada degradation tion of silver to a commodity gold is the only metal that lias free and unlimited right 0 to coinage into money and is the only one whose intrinsic value is recognized by the government at a fixed and established under these conditions it is impossible to maintain a parity equal value between metals thus differently favored according to custom and law all money other than gold is redeemable in gold in this impossible attempt to maintain a parity between gold and silver sir mr C cleve lands administration p pays avs out gol gold in exchange for 61 dilver ver and ana silver certificates it might as well try to maintain a parity between gold and money based on paper for its intrinsic value for so long is as one enjoys the unlimited privilege of free coinage and the other a limited and qualified privilege there wi will ii be a marked difference in their values 11 UT lal t JB iradj ftc oey growth to another shrub that enjoys the fresh air the rain ra inthe the sunshine silver as now treated by the government is nothing more than credit money and 67 cents represents r its intrinsic value measured in rold old just as one cent or a fraction of one cent might bo be said to represent sent the intrinsic value of a paper dollar in 1873 when silver was demone sized by an act of congress it was not only on a parity with 90 gold id but in tho the market where it was sold for uses in the arts it brought two percent per cent premium over 91 gold ld it then enjoyed the same pr avile ac as gold both had free access to the in mints ints and nil all that was presented was coined ino to money at a ratio of 1 to 1 under these conditions 0 of f equal favor silver sold at a premium iuni over 0 gold in the markets where tide side by side they were answering the demand of the consumers for uses in the arts arid and sciences there was no necessity for its demo neti bation nothing was threatening the parity of the two metals we were not being made dumping ng ground of the world for silver but on the contrary we were exporting it no ga cent argument against agai ast 8 silver then applied it lias has only become a ga cent dollar since it was disgraced and degraded by the united states government to withdraw from silver the demand for it which unlimited free coinage makes arid and expect it to remain at a fixed fix ed money value is to elpe expect ct in an impossibility ask a man on the I 1 board of trade at chicago what the effe effect ct would be on the price of wheat if its use for fo ilour were taken away and the question would strike him as too plain to require an answer and yet thesis this is the kind of treatment that has been applied to silver for its further degradation |