Some Facts In Brief

Tii. idea tliat there sliculd always be in eiialence two measures of valué, fi 'uating in tbeir relations, and tbat the debtor c-honld always have the option of , aying n the cheaper, is not npported by any principie of morality w!th which ve are. cqnainted. Tliat the gold dollar hae appreeiated ín purcha wi'hin recent timep, and tbat the urn ncy ofthe world SBufferng from contract ion, are assert:ons incapable of statistieal proof. A to the latler, we have every reacon to believethat exactly the oppoeite is true of tbe Uniteil u'at g. Auolber essential fact íh ihat gold is tbestandard of valué of tbe wliole commercial world Is was beeause of that ihat tbe world got along very well wlien the geld dollar was worth less tlian Ihe silver dollar. If all the wurid were to cliange to the silver etandird, ;t would probably get along very well n ,m that the silver dollar is worth If.'-. than tlie gold dollar. But to fonre back the market value of silver by adheronce to the old ratio is a task which all ur experience.and especially that of later years, shows to be too great for the United States alone to accomplisb, it, indeed, it could be accomplished at all. Thai tbe wbole body of eilver si mild be used as raoney, but at its market value, is anideathat hashad mueb favor. Ii was the basis of tbe plan propogpd long ago by Professor Svlve.-iei. It wa, essentially, tbe fundamental ininciple of the plan of Mr. Windom for the issue of treasury certificaten. But it was tke advocates of free coinage wliu killtd that uieasure. Aithe matter now standn, it is a perfectly tue and fair statement to say that free coinage means that the government shall parchase the whole product ofthe eilver mines at 30 per cent, mote than its market pnce. - S'. I' ui IVnieer Pr te.