| Show ROUSE YE SILVER MEN I 1 editor deadrea news having just juat completed three years education on OD the iree free and ana un unlimited 11 coinage of silver and as a laboring man I 1 wa L to take one more degree la Is la is not a fact that silver can only be on a parity with gold when he abe values of the relative weights of the two metals are equal this equality can only be secured by operative cooperative co action of the commercial nations of europe and america senator benator and alt all the ot ol the east who are friends of silver are anxious to lo see ate the parity established recognizing the fact that efforts in the direction of bringing around such action art are the only ones which can be successful but the goodites goldi gold ites ies and the free coinage advocates adv oates of the rocky mountain slates do not liot want such a parity aull ar are e not working for it what they are ing at is a monometallic currency I 1 composed entirely ot of silver which nece necessarily marily will drive all the he gold out oui ot of the country and send it abroad in ID ex exchange change lor for the cheaper silver which would our currency put it away awa y below par and so far beneath partly parity with gold that tbt the latter will refuse to circulate by the side of it alphey want to debase the cent dollar into 68 cent money the silver bullion in a dollar is worth only about 68 cents it necessarily follows that the first effect of free and limited coinage would be an exchanging of all the available gold and gold eold certificates for silver bullion ot other countries at the market price for the would then be carried to the united states mint for coinage into legal tender leader dollars declared deo lared by the united states stamp of the mint to be worth one third more than the actual value ot of the metal they contained this would be good for the speculators as lung long as there was wag any profit in the business of lin importing porting silver bullion and exporting our gold coin which would be only datil our gold gola was exhausted and me sellers of silver bullion were obliged to take their pay in silver dollars then those these coin aolua would buy all other commodities besides the metal at their bullion value no more and no less lees what good would that do to utah after the first profits ohad had been skimmed off by the speculators A miner who had bad silver to sell would have to dispose of 65 cents worth of bullion in exchange for a coin worth 65 cents just as the silver miners of old mexico have t do today would utah be any better off under free coinage than under the present arrangement by which they sell their silver bars bare at their bullion value and got get one hundred bundred cent dollars in exchange an act of free and ei coinage on a ratio of 16 to I 1 would seriously disturb the finance of the country and defraud millions of men out of of one third ol of their money and credits and dues none would be an adv v the better oft except the dishonest debtor and all the rest would be poorer dons does any working man think thick that our senators acors or congressmen from the rocky booby mountain elates who are mine owners and millionaires and we are backed by a gold clause in their state laws would pay off their gainers ta in gold at a ratio of f one esie to sixteen I 1 toy day no tibey would ju juat take the aunes ounes of gold to the ant bank and exchange it for twenty three ounces of silver liver run gifty five anve cents worth through the mint and make it pay cents cento to abe hired minor miner just as aa the miners of mexico are paid now the act of ef 1873 has haa been denounced for de silver which it did not do lif ItI retired from circulation it caused no coin to be sold for ballion baillon bal llon it withdrew the full legal tender equality from no DO silver coined it did limit to treasury trea eury purchase for fractional coin D D ROMINE SALT LAKE CITY may 1898 |
