Democratic Sentinel, Volume 19, Number 31, Rensselaer, Jasper County, 9 August 1895 — Financial Facts. [ARTICLE]

Financial Facts.

Judge,Hardy is chairman of the Sound Money League of Texas.— Recently he del vered a speech on the subject In it he made some important statements, as follows: 1. The United States today has a greater circulation per capita than any fre j coinage country ever did have. 2. It has more gold dollars per capita than any tree coinage country on earth today has of all kinds of money. 3. It has more silver dollars per capita than any free silver cou dry today. 4. It has more gold than silver, and the volume of its silver circulation is greater per capita than the entire circulation—of gold, silver and paper reduced to silver —of any iree coinage nation. . 5. The T’nited States under the gold standard—since 1873—has maintained a greater circulation per capita than it ever did before. 6. Theie has been five times more silver coined under the gold stand, rd, from 1873 till now, 22 y ars, than there was under free coinage from 1792 to 1873, 81vrs. 7. Every nation that has adoD.ed the gold standard (except one or two who are on deprecia ed paper basis) has increased its circulation . 8. No nation of firsYclass civilization has the silver standard.

9. Mexico is the highest type of free silver nation on earth, or double standard, so-called, and its per capita circulation is $4.71. 9J. Our per capita circulation has increased since 1873 more tLan the enti*e circulation of Mexico. 10. Mexico, the be?t exemplar of free silver, has no middle class has millionaires and paupers or pions. 11. The wages of no silver country on earth average a third of those in the United States. 12. No country on earth has in practice a double (gold and silver) standard. 13. No country for 200 years (since commerce became international) ever has in practice had a doullejstandard. 14. The proposition that there can be but one standard is in fact self-evident. (Carlis’e and Mr. Ingham secretary of treasury in 1830 under Jackson.) 15. Both metals under free coinage have never circulated currenty and indiscriminately in any country where there are banks and money dealers. (Select committee of house under Jackson in 1832.) lb. The uver-valued metal under free coinage drives out the other. (Be. ton, 1834.) Inconclush n Judge Hardy said: “Believing, with Jefferson, when he was discussing a cheap money furore, that honesty is the first chapter in the book of wisdom for nations. lam for the maintenance of a stable currency, w’ the pays ment of an honest dollar in satisfaction of der.ts and wages.”