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An Object Lesson

An Object Lesson image
Parent Issue
Day
28
Month
October
Year
1896
Copyright
Public Domain
OCR Text

The above diagram representa a pocket argument which is being used very effectively by speakers in explanation of the financial issues of the campaign. The upper sèction, it will be observeú, represents the gold money of the country- $600,100,000. The second section represents 'the silver money of the country, whose present value is $625,600,000, but which, should it become depreciated by the withdrawal of the government's support under free coinage, would shrink ! to one-half of its present value- thus amounting to $312,800,000. The third section represents the "uncovered" paper money. lts present value is $383,300,000, but as it would naturally share the depreciation which would come to the other money of the country through free coinage. its value would be cut down to $191,650,000. If the country should adopt the free coinape of silver the entire gold mcifcey would disnppear, as it has done in other eountries having free coinage of silver, and as it always has done when an attempt has been made to maintain the free coinage of two metáis at other tha the commercial ratio. The object lesson which this card presents is to ahavr at a glance what would happen to tHe present eurrency of the country should free coinage be adopted. This is accomplished as follows: First, fold backward out of sight th section containing the gold money, which would disappear under free coinage. Second, fold backward at the dotted lines the upper half of the seetion representing the silver money, since it is apparent that free coinage would reduce the silver money to the commercial Talue of the metal, which is practically onehalf of the Talue at which the goTernment now maintains it. Third, fold backward the lower half of the section representing paper money. which would be also depreciated in au equal proportion, eince tne metallic cur . reney of the country would be only sil ver coins passing at the commercial Talue of the metal in them. By this process you are able to how the enormous reduction in the valuo of the money of the country which would follow the free coinage of silver, since the government would not, of courae, attempt to maintain the dollars which It would coin for individuals at any more than the commercial Talue of the tilver put into it. By this simple explanation it beeomes apparent at a glance that the money of the country, now amounting to $1,609,000,000, would shrink to $504,450,000 in value, or lest than one-third the present amount. This illustration is belng used by many speakers in the campaign, who have provided themselves witn strips of cnrdboard hinged togetberat the lines whiehí' separate the silver, gold and paper, and also in tha middle of the 6trips representing the silver and paper. These strips of cardboard are usually covered wlth paper of an appropriate color - yellow for gold, jvhite for the silver, and green for tne paper money. The above diagram, how ever. answers the purpose èqually a well, and those who desire to make use of the illustration in personal eonversation or argument can do so by using the printed slip, or, what would b better, by pasting it upon strips of cardboard or heavy paper cut to the proper length and hinged together with strips of cloth, which will make it durable and convenient for pocket usa. $600,100,000 GOLD MONEY in United State, $625,600,000 SI LVER MONEY (Depreciated value under free coinage, 312,800,000.) PAPER riONEY (Depreciated value under free coinage, $191,650,000.) Proent value, $3S3,300,000

Article

Subjects
Old News
Ann Arbor Courier