our scheme of redemption, the people have only a _paper_ redeemer, while the banks, with the connivance of the government, have a redeemer of _gold_? Our "vast stores of silver" have only to be coined into silver dollars; to be used as primary money, just as gold is used; to be paid out just as gold is paid out in the transaction of national business, and in particular in the payment of the national indebtedness. If this is freely done, the exaggerated purchasing power of the latter metal would at once be reduced to the normal standard. This reduction would immediately express itself, or begin to express itself, in a general rise of prices, in a revival of business, and in a universal restoration of prosperity. Everything would again be well in the great Republic. All this would happen without financial sin and without a redeemer. Mr. Lepper very properly says that international bimetallism and independent bimetallism "are founded upon the same errors and misconceptions." He should have said that they are founded upon the same _truths_ and _necessities_. For "errors," read truths, and for "misconceptions" read necessities. The writer of "Bimetallism Simplified" next goes on to say that whatever value may be created by monetization is not a commercial value. Well, then, what kind of value is it? Is it a social value, such as a man attributes to his child that is not for sale? Or is it a political value, such as a party manager attributes to a vote that _is_ for sale? Let us see whether monetization does, or does not, create value. We will not quibble about the phrase "commercial value," but come directly to the issue of value in general. Take the case upon which the goldites so greatly rely, that of the safe burned in a fire with a bag of gold coin and a bag of silver coin fused within. The triumphant gold sophist says, "The ten gold dollars fused into a lump will still be worth just ten dollars, while the silver dollars fused into a lump will be worth only five dollars." Of course the lump of fused gold will be worth ten dollars when it is coined and measured by itself! Suppose that the lump of fused silver be coined into dollars again; how much will that be worth? Everybody who has a premonitory symptom of common sense knows that the lump of fused silver will--_if coinable again into dollars_--be worth just as much as the lump of fused gold. It is _because_ the lump of fused gold is coinable again into dollars that it retains its value. It is _because_ the lump of fused silver is _not_ coinable again, under the present order, that it is not worth ten dollars.