Show FREE SILVER COINAGE HONOLULU hawaii july 1 1894 by your kind permission I 1 will par sue au the above subject a little further if the government should boula adopt a tree mud and unlimited d coinage of silver liver sa a a bottled policy then take abarge of the coin and input certificates abr it he oare car 0 of at jt it must la in the couo coue ot of linw become a great burden to the Ameri etin people set not only trots from the expense of talt also for SOD COD strutting ting buildings for ting such vast accumulations and the storing and guarding of it the govern mout cannot use uee it Is not compensated tor for its col colorite osite and care and be abe metal will be as useless oke as it was in its 18 native bed a lose loes to the country yet yes it Is in a partial security for the certificate but it 1 paper conry to la wanted it could bould be issued by the be govero government ment and secured scoured oy by mortgage an 60 real estate state ar ate bonds or by government bonds an aa national bauk bank notes at are now DOW secured and at its ull full taco lace value it if this money was properly issued the government would reap a revenue for or it and with no alek or burden as would be the ease case la 10 mining coining and caring for tile the coin it if blaw a law should be enacted for or free coinage silver bullion may not rise to ID value as some believe as with now new mines opening atia ana old ot 01 es being worked etro bo shall ball say tha Wiver may majy not become as valueless val less uless to in america to a it was in jerusalem in the days of 01 solomon and abd the king made silver to be la in jerusalem as stones it silver was wa nothing acco accounted anted of ef lu in the days day ot of solomon Bo lomon 12 thore there silver was so undesirable and abundant sulo ox would not bave even his drinking vessels made of it iff lUver depreciated in value during daring the life ilie of the sheriban silver low law notwithstanding fifty four million dollars was yearly coined under it the coining and od storing it in vaults way may for a time increase its value but it aust eventually continue its down grade sa as the storing such great bulks as must accumulate mulato under a free and unlimited coinage laws jaw in a decade or to so most sot act as a menace to the ghe silver lasket ti of the worlds worl das ahe johnstown reservoir its contents must mast con dinue to increase and the barrier that holds it in place to weaken more and move more and burst it must sooner or later and precipitate its contents upon the silver market of the world this be log always feared will not act as a wet vat blanket to any rise in the price ot of silver the throwing upon the market 25 0 tn of silver bullion by germany in 1871 2 and other causes at work about that time knocked the be bottom out of the silver mat macket ket and it list ha been on the be down grade ever since notwithstanding the united states coined million dollars during the time and the world at large very much more the tons of silver thrown abrow 0 upon the market by germany was only a small washout was bout in comparison to the great flood that will be precipitated upon the market upon the be bursting of our silver reservoir after a few decades of storing under a free and unlimited coinage act in the united stater A large amount of silver coined aud is already on hand band there appers pa to to be more silver produced than Js Is wanted for use as money which to is one reason why all should not be coined the justice of a law may be questioned question ou that requires silver to be coined and cared for at public expense seeing woula be produced by it but private money and millionaires if it is right for the to make every sixty cents worth of silver into a ft legal wader tender dollar for private gits galo it would be also right fr far the government er to make evy every bushel cf jf wheat worth one dollar although now worth only sixty cents perhaps I 1 have bare laid eaid enough upon this other view of the subject under consideration but I 1 will add that tbt tb free and unlimited coinage of silver the further issue of national bank note or any other addition to private money will never settle the money question the people have been forced to uso exclusively private money since the first formation of our oar government and in consequence have been cursed witti money flurries or money panics on an average of about ten years during that thai whole period and the logical con cluston is in if there is no change for the better in our monetary system there will be no improvement during the next hundred beare a thing huchto much to be regretted I 1 will further add the mousy question antver can be fettled until private money la is supplemental by public money in my ay next I 1 will endeavor to shuw the difference between them JNO M |