Who would benefit by the free coinage of silver by this country alone? [microform]

9S MASTER NEGATIVE # COLUMBIA UNIVERSITY LIBRARIES PRESERVATION DIVISION BIBLIOGRAPHIC MICROFORM TARGET ORIGINAL MATERIAL AS FILMED - EXISTING BIBLIOGRAPHIC RECORD Home Market Club (Boston, Mass.) Who would benefit by the free coinage of s; Iver by this country alone? [microform]. Boston, Mass. : Home Market Club, 1(196. [MICROFILM] OCLC: 38100994 RESTRICTIONS ON USE: Reproductions may not be made without permission from Columbia University Libraries. TECHNICAL MICROFORM DATA FILM SIZE: REDUCTION RATIO; 9*/ IMAGE PLACEMENT IIA IB IIB DATE FILMED: Q-9S INITIALS: TRACKING # : 31136 FILMED BY PRESERVATION RESOURCES, BETHLEHEM, PA. r OK i.:. Fv O 3 ’ ^ ^ cc.•«.^,;v oo:::;,TTE.. ii2 WiiiJam 5*t 44c. *£ MONEY LEAFLET j. Issned by the HOME MARKET CLUB, Boston, Mass, 1896. THE CLUB’S MOTTO: “American Wages for American Workmen; American Markets for the American People ; An Honest Dollar, Earned at Home and Spent at Home.” These leaflets are intended to be as non-partisan as truth, and their object is to enable people who do not pretend to be up in finance to understand the money question. WHO WOULD BENEFIT BY THE FREE COINAGE OF SILVER BY THIS COUNTRY ALONE? Nobody in this country except the owners of silver. Would not debtors benefit? No; for how can they get Silver? The New York Lumber Trade Jour7ial thus cleverly puts the case : “To a man who has no mone}', there are several ways to get it, viz. : (a) Beg it ; (b) Steal it; (c) Borrow it; (d) Secure it by gift; (e) Trade something for it. If we are to beg it, we might just as well beg a gold dollar. If we are to steal it, we want the best. A thief who would steal a silver dollar in preference to a gold dollar would be acquitted, on the ground that he was insane. If we borrow it we want that kind of money which will go far- thest. If we are to secure it by gift, certainly we should not depreciate that which we are about to receive. This brings us to (e), which is the way most money is obtained. What have I got to trade for money which I want.^ It may be labor, or a borse, a cow, lumber or ^ shingles. At tbe present time we can trade any of the above, and get a gold dollar for every dollar’s worth of value as may be agreed upon between buyer and seller, but, if we have free coinage at i6 to i, will the dollar which you get in trade be worth as much as the dollar you can get now.? This question must guide us in voting next November, and do not lose sight of the fact that, if all the silver in the world is coined into money, you can- not get a cent of it e.xcept by a, b, c, d, or e above referred to.” Would not producers benefit ? No ; for if the promised advance in prices should occur, it Avould only equal the [over.] i cheapening of l■none3^ Everything is relative to other things. Bimetalism might help. Lone-hand coinage, never. The Great Profit to Silver Owners. (1) As silver would take the place of gold, (see Gresh- am law), this would call for $636,256,023, or, at the ' present value of silver, $936,461,715. (2) , As the present subsidiary coin (small change), which is now measured by gold would then be measured by silver, this would call for $40,784,850 in addition to keep the purchasing power equal to the present. (3) As the demand is that National Bank notes ($211- 691.035), shall give place to Treasury notes, and as U. S. notes, ($346,681,016) are now redeemable in gold, this will call for $820,806,914 more silver at the present price. (4) The Populist platform demands “ an increase of circulation.” It is now $23 per capita. To make it $40, as Populists demand, Avould call for $1,190,000,000111016 silver. Here is a total new demand for $3,014,053,479 of silver 1 It is desirable to help silver, but we must not cheat cred- itors. And how about other producers This is the way it looks to Prof. James Wilson of the Iowa Agricultural College : “ I am willing,” says he, “to help out the silver min- ers if they are willing to help us. Their product is about half of the hen product of the country and if silver should ' be doubled in value by legislative enactment, I demand that Congress shall pass a law making six eggs a dozen. I refuse to support the free silver demand unless they are willing to meet this demand from the farmers. I think that this country is big enough to act independently and make six eggs a dozen against all the world. Just see what an advantage this would be in collecting a tariff on eggs. When the Canadian brings his eggs over to the United States we will collect a tariff for a dozen on every ^ V six of his eggs, because our standard will be six eggs to a dozen. See what a great benefit this will be to the country. It maybe urged that from time immemorial twelve eggs made a dozen, but I deny this for is it not true that thirteen is a baker’s dozen and fourteen is a fish- er’s dozen.!* Do you mean to say that this great nation, extending its domain from the Atlantic to the Pacific and from the Great Lakes to the Gulf of Mexico, is not able to maintain six eggs to the dozen?” 755“ How would it affect Labor? Read leaflet “ F.”