People's Pilot, Volume 4, Number 22, Rensselaer, Jasper County, 16 November 1894 — What We Would Gain. [ARTICLE]

What We Would Gain.

If we should open our mints to the unrestricted coinage of silver and gold upon the ratio of 16 to 1, one ounce of silver would be worth in this country SI. 29 in terms of gold. Silver-using countries now purchase the products of our manufacturing industries in the English markets and pay for them with silver at 60 cents an ounce. If we should give them 81.29 per ounce for their silver and pay for it with the products of our industries thqy would leave England and trade directly with us. We would thus get the trade of all silver»uslng countries, including India and Chino.