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FREE COINAGE OF SILVYEA
The Rocky Mountain News, of Den ver, Discusses the Subject Editorially. It Says Coinage Should Not Be Limited to the Home Produot. Reasons Why Others Tian Mine Owners Want Mlore Silver-More Good Money Is Needed. Denver News: One of the arrant hum bugs of the day is that of limiting the free coinage of silver to the American product. T'hose of the Transmississippi congress who voted for it did so because they were at heart the enemies of silver money or through ignorance of the fact that to in. siet upon it is to defeat free coinage alto gether. The voters of the western non-mining states advocate free coinage not alone be cause they wish to see the owners of silver mines geot an increased price for their bul lion, but because they know that the coun try needs more sound money to make it prosperous and lighten the burdens which a short money market has forced upon them. linety per cent of Colorado's voters favor free coinage for the same reason, and it they believed the adoption of it would re sult only in putting more money into the pockets of bonanza mining kings they would care very little about it. If free coinage is limited to the American product, it is easy to demonstrate that only the owners of silver mines will be benefited by it. The government now practically buys all the silver product of the United States and converts it at once into money; 54,000.000 ounces being the amount of silver per annum the government buys, and, to pay for it, it issues $00,000,000 in new legal ten der treasury notes which enter at once into the currency of the country. Free silver coinage, limited to the Ameri can product, will not add a dollar to the circulating medium beyond that thus added by the present law. If the yearly American product of silver amounts to but $60,000,000 worth-and such is the fact that is every dollar which such free coinage can add to the world's money. Under such a law, if the American miner sends his bullion to the mint he, can have it coined into dollars, or the government will keep the bullion and give him its value in legal tender treasury notes. Whether he gets silver dollars of treasury notes for it, the value of the bullion actually procured from American mines must be the limit of in crease to the circulating medium. Such a law would ultimately dcstroy all hope or permanent free silver coinage. It will create at once two values for silver of the same fineness. T''a silver bullion of American mines will aomkmd at the mints as many silver ll as there are 412;, grains of standar ilu" in the silver bricks delivered at them, or the same num ber of dollars in treasury' notes. This would occur without zeference to the market value of silver. But all other silver in the United States, whether itcomes from Mexico or elsewhere as bullion, or is now in the country in the form of foreign coin, works of use or art and the like, must be governed in value by the market price of silver, the market being controlled precisely as it is to-day. Thus silver of the same fineness and intrinsic value is sepal ated into castes or classes. hie higher caste will be silver produced from the American mnines-4123.j grains of which will be worth a dollar in gold; all other silver will be the lowest or degraded caste, bringing just whatever silver is worth in the market-or about 80 cents for each 4123< grains of it. The advocates of this limited free coinage pretend that it will at once raise the price of all silver to a par with gold at the ratio of fifteen and one-half or sixteen to one. Why should this be the result and not be the result of the present law? It will create neither an increased demand nor a greater scarcity of the metal. Under the law as it is 64,000,000 ounces are annually bought 1b theagovernment and stored away. This amount equals the annual American prodtat. Under the proposed law this American product is all that can be obtained by the government which cannot exceed that now being pur chased. How, then, can a law which does not take an ounce of silver from the market beyond what is now being taken create a scarcity of or increase the demand for the metal? If the mining states advocate such a law the whole cause is in danger. The voters of the great west and south will have none of it. It is selfish and narrow in its con ception. It will give no relief to the busi ness of the country. The weakness of the present law is that $60,000,000 of new money each year is not enough to supply the in sufficiency of money created by the con stant withdrawal of national bank notes, the redemption and destruction of other currency and the constantly increasing business and population of the count ry; and free silver coinage limited to the American product will not at any time relieve novny busi ness stress created by a lack of sufiicient money. If it were possible to pass such a law it could not last over one congress. The people everywhere would rise in rebellion against it. As soon as the fraud was dis covered its doom would be sealed. Let Colorado, Montana, Nevada and other mining states beware. ~uoeh a law is "the Greeks bearing gifts." Avoid it, for it is by intelligent men advocated only to destroy the silver cause, and such will prob ably be the result if the silver states join in urging it. Commodore (Gerry's Partlality for Caps. On the warmest day of last week, when the atmosphere was oppressively laden with bumidity and New Yorkers put on their most summery clothes and a few daring ones donned straw hats, a small sensation was made by a tall. dignified man, who ap peared on the streets wearing a sealskin cap. He also wore gray hair and side whis hers, and was very actire in his movements. appearing not the least bit warm in his wintry headgear. Sweltering pedestrians stopped in surprise to look after him as he strode rapidly ty, and snmall boys in shrill voices urged him to "call in de cetsklii." The wearer of the cro was Commodore EI bridge T. Gerry. His fancy for caps is well known. lie never wears any other sort of headgear when lie can possibly help it, and only yields to fashion's demands for derbies and beavers on undndays and for mal occasions. lIe says that anything but a cap gives him a cold in the head, and he shows a special fondness for fur capa.--Ix change. lie 'lWho Ruin May Ind. In sueite of declirations to the contrary, it is possitble to both retd and writewith cttnt fort while travelinu. if one knows how, says the Ladies' llitmoi Journal. Pains in the head lr icr teadisg on the cars atre daue to the lIiunusutil strain tlpoil the muscles of the eve, its focuIs beingi chatnged almost in cnssaintly; but wlith tn tcasituoal rest tho niuscles will not find the work too hald. to try the ilan of rta:tldng for ten minutes, and then for five riliutes, reivving what you have lead. BIut if, lueanwhilte, you wish to loo1k 0nt of tihl winidow, let it h,, tite:: one on the other sine of the car, for tot look out of the one next you will lequire quick focal changes as tiring to the cae as reading. No Iteath Io hutialiLeL!. T'he go rrtumentl horunty on serponts in Central India hals blllel withdrtlawn, is cl. perience has proved that no efort ont the part of mlan can extermtinate the posts. A district thoroughly cleared of thiem will be overrun again in a monttlllh. 'Tlhety row there like pigwoed.--Detruot Free P'ress. TME NEW YOR1 FRY GODS1ST O. SPECIAL OFFERINGS THIS WEEK. - REVOLUTIONARY MOVEMENT IN PRICES. - We are determined to make our store LE BON MARCH(E of Helena. Beautiful goods, matchless in appearance, a stock selected with greatest care and pronounced by the Ladies of Montana, whose tastes are beyond dispute, PERFECTION. 00ds ad SS Iks. .i q2 Inch ilenriettas, - - This week, 17 I-2C. i 36-Inch Brocade Cashmere - This week, 19c. d 2 n aGI 22-Inch China Silk - - - This week, 30c. n We offer splendid value for the money asked in Silks and Dress Goods this week. The Black Surah and China Silk at the prices offered deserve your especial attention as they are admirably suited for under dresses for a superb line of Grenadines just received. GelEN DIeN tS. G-RNADINES G.RENADIN .;' We beg to call your attention to our stock of Black Grenadines. We have them in iron frame, ribbon stripe, broche and embossed. We particularly invite comparison. .a.dies' .ikbbed TZ'ests. - - - - 2argai.s , 10c , Bargainse NEW YEORK BRY GOOBS STORE, ,Go. Main and State Sts., Helena, Meot. A. J. SELIGMAN, President. P. J. DONOHUE, Vice-President. A. C. JOHNSON, Treasurer. BARNARD BROWN, Secretary. SNORTH DRUM LUMMIN GOLD AND SILVER MINING COMPANY.+ ROOM 1, POWER BLOCK, HELENA, MONTANA. CAPITAL STOCK, 500,000 SHARES. i PAR VALUE, $2.00 PER SHARE. During the next twenty days Treasury Stock a Located between and contiguous to the vast of this company not exceeding 25,000 Shares S properties of the Montana Co. (limited) and be will be upon the market at fifteen cents per ` A ing traversed by the famously rich Drum Lum e, x mon gold vein, the great value of the North Share, to be applied upon the expense of cur- Drum Lummon mines and their productiveness rent development. e in the near future is almost assured. For Particulars Call Upon or Write to BARNARD BROWN, Secretary, Room 1 Power Building, ----- or -- W. G. GOOI)ING, Sale Agent, No. 12, Main Street. '.5.": .'.:.E NX.. 2v. o ,'"L,", '.....s.. e t t I ____ TJ SPECIAL SA LES t 1 1 .1I ( 3 FOR WEEK C Omm nCin Monday, May 25, 1891, We shall inaugurate a new fea ture by having a Special Sale In a number of different Depart ments and at the prices quoted. GOODS M'iUST GO. All of 'the goods mentioned be low are new and fresh, and prices are CUT To move Goods. Everything warranted as represented. I 1B11 V5 NORTH MAIN ST -----,r Special Sales of Lalies' ani Children's Jerfej Vests, 120 doz. Je- say Ribbed Sum mer Vests, s (eveless, ail sizes, from infant to largest adult, usually sold at l~c. Special Sale pric , four bfor 2..C e. Ong lot of Ladie3' all Silk 81evale, s Vests in Cream and Blue, regular $1.50 goods Spec ial Sale price 90c. Special Sale of HosiEy, 200 doz. Fast Black Ladies' and Children's Ho3e, usually sold at Soc. SpcciA: lalo price 2Oc. Men's Underwear. •'6 doz. Men's Natural G-rei niediu m woight Sumiz. e: Tnder woar, 1'e,ular price .;1.5L; per s:um;. r cial Sale price t-ýO per suit. Special Sale of Kid Gloves, 25 doz. Ladies' Fostsr Hook FTndr ssed Kid Gloves in Blaro1. 'an and Drabs, regular prica $2 Special Sale price 81..2 p: r ,air. Special Book Sale, 10.000 Copies of the most ?opular Novels of the day, reg ilar editions, new issues. 25c Books for 20e. 500 Books for -10c. Vase Lamps, A large lino of Beautiful Vaso amp:., iloctralted Shade and a:,o, L-u -lo>: 3 urner.. ro :ula. riro G::u. Preºial Balt prico. Jmplet-,. :: ..3U. BABY CARRIAGES, fnother carload of :he Gelebrated Whit ney Baby Garriages just receiQed. Will be sold at a discount of 33 1-3 per cent. FIRE VO KS, Full line of Fireworks, Flags, etc., for FOURTH OF JULY, in Assorted Cases at i\T IO1i.SAE OpI Y. P'rict, furnished on appllicad! on Countei 5c. COUNTER. Fancy shelf paper, 24 sheets. Carpet tacks. Tea strainers. Potato iwashers. Nutmeg graters. Zinc oilers. Paint brushes. Broilers. Coat hangers. Funnels. Tin cups and mugJ. Dippers. Lye. Meat forks. Scoops, pans, etc. 10c, Counter. Tinware. Soaps. Rolling Pins. Skin,,ers. Chimney cleaners. Machinc oil. inks and tnuciiage. ilacking a'nd polish. Putz pomade. Pot stands. Straw cuffs. Broilers. V\cg. graters and slicers. T'ooth picks. Tack hainrnm rs. B!l thies, etc. Soods. S5c. COUNTER. Mustard Pots. Scrub Brushes. Feather Duster. Coffee and Tea Pots. Mouse Traps. Bird Cage Hooks. Foot Scrapers. Screw Drivers. Wire Baskets. Shoe Polish. Stove Polish. Pot Cleaners. Flue Stops. Coat Racks. Tinware. Woodenware. Hardware, etc. Special Mention. Full line of Granite Iron Ware. Tinware. Woodenware. HIardware. Kitchen Utensils, etc. Prices one-half regular prices. See our patent fruit and Potato Masher, the greatest invention of the age. Price Soc.