People's Pilot, Volume 2, Number 53, Rensselaer, Jasper County, 23 June 1893 — Parity. [ARTICLE]

Parity.

When a hundred-dollar coin note is presented for redemption it would be maintaining the parity between gold and silver as legal tender coin to pay out 850 in silver and 850 in gold. It would be'maintaining the parity of the metals in another way to assert the potency of silver as lawful money of final account by paying it out to check the raids on the gold reserve. But these thinge are not done because it is desired to avoid recognizing silver as standard money of final account on a par with gold for use in all settlements. The law says it shall be so recognized, but the spirit of the law is nullified, and silver is degraded to a mere counter, not considered fit at the treasury to be paid out on silver bullion notes — no, not even at the rate of one silver dollar in the ninety-nine of gold.—St. Louis Republic.