People's Pilot, Volume 3, Number 30, Rensselaer, Jasper County, 12 January 1894 — Silver Threads [ARTICLE]

Silver Threads

In 1620 the first large copper coins were minted in England, putting an end to private leaden tokens. To save her own trade at home, England has now laid the paralyzing hand of demonetization on India. How about the good times that were to so speedily follow the repeal of the silver purchasing clause of the Sherman act? Suppose we borrow gold on new bonds, what is to prevent the holders of the bonds from unloading them on the country at any time and taking the gold away from us? In 1654 Charles 11. minted tin and tried to make it pass current. After his abdication James 11. minted gun metal and pewter and endeavored to make purchases with the coins. The Norman-English coined silver pence with a cross deeply cut into the coin, in order that it might be easily broken into half-pence and farthings when small change was needed. Senator Stewart thinks that if silver cannot be remonetized, and the former system of regulating the volume of circulation, automatically by the quantity of gold and silver attainable, cannot be restored, the interests of the human race requires the speedy demonetization of gold and the substitution of some other kind of money.