People's Pilot, Volume 3, Number 10, Rensselaer, Jasper County, 25 August 1893 — SILVER OT TOP. [ARTICLE]

SILVER OT TOP.

It Commands a Premium Over Geld In Well Street. A fact is worth all the talk in the world. The wants of men determine the demand and value of anything and everything. Right in the very teeth and crisis of the 00-cent dollar howl, comes the following in the money report of the Associated press, which will be found under the New York date of August 4: “The scarcity of currency has led to a peculiar condition of affairs on Wall street. To-day a money brokerage concern at one and the same time wasoffering 1 per cent premium for gold and I}4 and 2premium for currency, so that the usually discredited money was worth more than the yellow metal.” So in Wall street while gold commanded only 1 per cent, for the demands of business payments, silver—or silver certificates—commanded 1)4 to 2K premium—or from % to 1% per cent, over gold. And this right in Wall street where the conspiracy to bear silver was concocted and carried out It is, as a fact of business, with all the talk indulged in on this subject from the Brussels conference to Cleveland’s proclamation. It is simply the water-down-hill demonstration. At a glance the common sense of the people will see clear through all the subterfuge and platitude. If silver in Wall street on the 4th of August, 1898, after all the fierce war upon it, commanded a premium over gold for the current uses of business, what would it not do. as an equal of gold in law and at. the mint? The* fact needs no words to emphasize it.—Kansas City Journal.