The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-08-23

the value OF gold and silver, which Is about
| 20 per cent. should continue, the difference to
| the people or government would be about
! sz00,0OO00 IL is claimed this will be repudt-
alton alton. l challenge any man TO P noye
| in vslue than gold has ad anced since Its de-
monetization. II n 81 Is true, the demand for
god payment is as urJ1st, upon the part OF 81
would be on the part If the debtor 10 0ffer
| silver in payment. But the saving upon the
payment OF the national ceot is a small thing
when compared with the vast Indebtedness OF
the country, the state munich pal, county and
individual indebt dness in the shape of m art-
CAGES, etc all of which is a debt contrac ed to
be paid in legal tender currency. Gold and
silver had but little to do In the way OF regu-
lating the value OF com nod1ties IN his coun,
tender. Their province is to regulate the
values OF commodities that pass from
one government TO another. Its proposed by
this party 20 retire all the greenbacks of the
country.
THE MONEY POWER Is wAGING WAR
most furiously upon them. fihis war should
be successful and silver should not be re-
monetized but remain as commodity, in that
way having nothing to do in regulating the
value OF other commodities, then values are 10
be re, ulat. at home, according 70 Iht amount I'M
tween different governments. III Is, therefore,
very Important that silver should be remone-
tized and made Iull legal lender, ia case you
are brought to a specie basis in this country.
That basis should be b. gold and silver,
as IL was when specie payment was
manner in which the values OF everyt ing
is 10 be affected by IL. We produce about
twice as much silver here as gold-about
millions of silver. 1t is easy u be seen how
the value OF products would be affected In
this country If friendly legislation was enact
ed, as IL ought to be, ia favor of silver, whlch
would be affect mucn more than commodi-
ties are affected between governments, because
it must bs presumed that we would have
more silver with us than gold. The strange
feature of this case is that our Govern ment
was the first TO demonetiZe silver. Germany
followed. Why did she follow? Because ne
was a great creditor ma ion. She holds many
hundred millions of our goods She had just
come out OF war with France, In which
France was made 10 pay her thousand
the value of the gold which alone must be
paid in, would be greatly enhanced. It is
easily seen why Germany engaged IN lhe dc,
monetizsIion of silver. England demonelized
81 Yer some years ago. She only uses IL as
change, and IL is a legal tender TO the amount
of five dollars. IL is easy 10 be seen why lnese
govern ments engaged in the decentralization
OF silver on another account. Neither OF them
produces silver 10 great .xtent, white Eng
land is the greatest gold produc pg country In
the world. l have stated that we pr duce
twice much silver gold. That the gov
eminent of the United states should demone.
tie silver and
DESTROY HER OWN WEALTH
Il mean her mineral wealth, to say nothing
about her wealth in al other prcducts-is
som sthing beyond my comprehension. Many
miners are bankrupted by this policy. Their
business is destroyed. LabJriDg men, by
thousands, are thrown out of employ ment.
We are the prod G. RS of precious metals. Our
that we owe. That wealth has been destroyed
by unfriendly legislation. The creditor well
understands that these me- ais are not sta d.
ard of value. Governments, by leZisla-
ton, make them q standard of payments,
and that greatly enhances the value OF
bullion out of which they are msde
The creditor took the risk of any change in
value, md they were careful To provide, as l
have stated, in tn e law of lS7O, that they were
To- be paid IN coin of the standard value as it
lhen existed. The government can not change
that standard and then offer the coin In pa
ment But in view of the eHOrmOus indebted
he argume Mt is much stronger. There is more
necessi, y that ju ,tice should b done now. be-
cause OF the large interests to be affected by
the reconciliation OF silver and keepiD g the
standard as IT was, than there was in 1892,
when the standard was established In accord
ance with the standard of spain. We had
adopted their coin aud ali our oebts were pay
able in accordance with ne value OF that coin.
But 1t is argued by some, who justify the
fraud of 1910, that II ma tiers bat little
whether the standard OF the silver dollar was
dropped out of our COINS or not, because but
few OF them had been coined since the form
alton Of the governmen OILY about eight
millions of standard dollars have been coined,
buJ insist that the argument now is much
stronger for its remone izatfOn and recOinage
because
coin when we had no bullion out of which TO
make IL. We made the bullion OF other gov
ernme Is because we mad none OF our own un.
TIL within the last few years. Now that 1t is
found that our mines are rich with silver,
when IL is now aud likely TO be much greater
product in this country than that OF any
II, but to ioi ce other governments to do 30.
have examined this que ton In every
shape, and am at loss to know
what kind OF craftsmanship 1t is that
permits any man to oppose the recoinage and
RECOMMENDATION of silver Again the Republic
can party is denouucsd In the ST Louis plat
form for passing many acts which were
A HlNDRANCE TO SPECIE PAYMENTS.
Have they ever passed any act that is a greater
hindrance than this? Gen. Grant, even after
the passage OF the act of ,s7s, was not aware
that law had been passed, demonetizing ST.
yer, although he had signed IL. in letter TO
one of his friends he referred 10 the great
abundance Of silver that we were likely to
In bringing about sp Gle pay ments. Well
might the Republican party be denounced for
payment when profsssins to be in favor Of II,
and pass law demonetzing silver
when we are the producers OF it.
bous PSia Country rs ever SILVER orong Ia
perform a very important office in fur
thering such a result. 1 know That the bank
being in league with the bond-nol ders I'm de-
monetizing silver. i can not see. however,
where this demonetiziug act Is In their interest
in the least. II we are to have no money ex-
cest coin which means or once meant, both
gold and silv J, but now since silver is demon
etized only means gold, the mixer who
wishes 10 do an honest banking business
must be enabled To redeem his notes. No man
knows better than he the utter impossibi ity
of redemption upon gold alone, When we
alb indoned specie pas ment In 1862, we had
boil gold and silver The basis of our cur
rency, and 10 regulate the values OF all com
modilies. l hops that all men Will reflect
upon the effect 1t will have upon
the best interests of the country
Ii we are brought to specie payments on gold
alone. No mat ever contemplated IL outside
OF the designing bond-nolders. When specie
payment was talked about, 1t was generally
you that q great contest IL going on in his
country between capitalists and producers.
Their plans are well laid, aud II carried out
"a dr.oa