Show geta na SILVER INTO circulation A 0 till point answered 1 uw abent the A in gathrie itzka n his question E that tho unta and coins of allver how will abat fet money in circulation ID other word bullion acre to be cogut d won this bullion bo coined into american dollar roe and then headed over to th indian grat lomanT ho will ahat help the wont this indian buy eoll eol l with lie american dowtari dol tari and then faife the geld out lit th country idle loucy like idle men earns nothing under free coinage tho owner of bullion either silver or gold would when he found it ta his advantage take it to ho mint havo it coined and receive back cither hie bullion coined or its equivalent in coins what would he then do with it hide it iu a vault it would purchase for him nothing there no would invest it in como enterprise and would do so in the firm conal benco abat in ho of ordinary business precaution ho would realize a profit on hie investment why this confidence fi because free coinage would constantly add to the volume of primary money thus meeting the increased demand which from year to year upon the nations stock of money by reason of the increase in business bousu quant upon increase in population and thus holding steady the value of the dollar of permitting it to increase from month to month us it does now tilie constant increase in the value of tho dollar produces n constant decline in the value of all other kinds of property to illustrate suppose today a man were to measure the wheat in bis storehouse and find that he had according to the measure used bushels let him then lock the storehouse and not permit any wheat to be removed for a year at tho end of tho year let us that he again measures the wheat in the storehouse and that this time be finds only buchels bu chols let us further suppose that he in his endeavors to ascertain why he has less wheat now than be bad when measured he it before compares the bushel measure used at the last m tasu rement with the bushel measure which he used at the first measurement ur and that he finds the last bushel measure is one tenth larger than at he will have discovered a condition of things similar to that which nowadays exists nt tho end of each year when the business mau comes to measure hia property and ascertains what profit he liae made during the year just past the business man find eliat measured in dollars he lias accomplished little if anything and this is so not bo cadee ho baa not added to tho sum with which he starts but because the dollar the thing with which bo eliat at tho end ottlie year has increased in ita measuring power his dobda have remained the saine such a condition of things apton men from entering new enterprises detera them from putting money into property sometimes called business te reverse would be true under free coinage of both gold and silver men would theu make a profit because the steadily increasing supply would prevent the dollar from increasing in ita measuring power in its value and this would ewo new ventures in the development of the nations resources and these ventures would put money into circulation tho indian gentleman spoken of in the question would havo hie bullion coined into american dollare and leave it handed bacic to him free of charge but after receiving it bach it would bo of no more value to him than before it was coined except for the purposes of investment in tho united states would consequently invest it either in he produce ot taft factory or the farm or in some other kind of american property 1 would create a demand tor american products nud who does bot desire such a demand free coinage would bring us the entire trade ot the silver using countries in the world a trade that without the aid of any gold standard nation would start every mill in the country and make every farm bloom with prosperity the indian gentleman might buy gold with the american dollar but the world heralda interrogator may rest assured that the owner of the gold would bot part with a dollar of it unless lie obtained what be thought it was worth lu american silver dollars he would then part with it and ho will do the very saw thing today under the gold standard free coinage has nothing to do with tho matter at all omaha |