Frro CoiimKO Would ITavo tlio Kffoct of
Wiping Out Oiu*>litilf tho
A tailor who should insist on his cus
tomer accepting a suit of clothes worth
only half as much as the one paid for
would be considered either a fool or a
rogue. The agitators for a debased cur
rency which would permit debtors to
pay their creditors in dollars worth one
half of those they borrowed need not
complain if plain people use plain lan
guage m speaking of their scheme Tho
silverites claim they are being unfairly
abused when they are called dishonest or
repudiators. A single illustration will
show whether they are not correctly de
scribed.
There are in tin* various savings
banks of this country deposits amount
ing to SI, PM'. T t 1 .000. This large sum
represents the little savings of years by
working men and women, small busi
ness men and farmers. On the passage
of a free coinage law these depoMts
would be payable in silver dollars worth
only 50 cents and having a purchasing
power one half less than our pn sent
dollar As the banks keep very little
money on hand they would not he able
to pay their depositors in gold, even
though they wished, as their loans; wi mid
be payable in silver, and of course their
debtors would pay in the cheap dollars
The result would infallibly be that one
half of the entire savings bank deposits
of tin l country would be wiped out,
practically stolen fn in their owners and
given to those who bad borrowed them.
Would not this be dishorn-t • Is it not
simple repudiation" And, if so. what
arc the im a who advi cate it
Silver Hoarding fiohl.
