Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-01-16
SILVER RESTORED, or Il isWINDLE
ENDORSED.


When the Republican party concocted the
scheme to destroy the value of silver as a
part of the coin of the country, they knew
that it was a swindle, that it was robbery
of the people? What necessity existed for
such action? What great financial interests
demanded it? Where is the county, a city
or State, or constituency that petitioned for
it? 1t was premeditated deliberate fraud
upon the people, and the history of that leg
islation reeks with corruption. 1t was the
last act in the long chapter of financial ras-
cality by which the people have been oppres-
sed for fifteen years.
Was there any difficulty in negotiating
United States bonds when gold and silver
both were the coin of the land? None what
ever. But the bondholders were not salts
fled. They wanted to make more money by
a rise in the bonds. The bonds were the
contracts Of the people to pay in coin. Now,
if they could be made payable in gold alone,
by destroying silver aB money, then up in
price would go the bonds, and the holders
and spectators be able to pocket millions by
the robbery.
This was the conspiracy, and this was what
was actually accomplished, and intended to
be accomplished by the demonetiza-
ton of silver. And the question, now,
IS, whether the American people are to en-
dorse the gigantic swindle, because there is
danger if silver is made money again, that
these bondholders and spectators will lose
the millions they have made by the transac-
ton. That is about all there is of it.
There was no earthly reason why silver,
having been from the beginning a part OF
the coin, should have been demonetized. We
had lived and prospered and grown to be a
great and powerful nation with a bi-metaI]ic
currency Who ever complained? The
people were attached to the silver coin. il
was part OF their household memories and
treasures. The bonds of the public debt
were negotiated payable in coin. The Uni
ted States is a silver producing country,
The same demand exists to-day for silver in
India, China and Russia as ever. and these
countries will absorb all we can export
Therefore we apprehend no such disas-
trous consequences as are predicted by the
bondholders, banks, and their paid writer's,
from restoration of the silver dollar. The
value of the silver and gold dollar would
soon be equal. The value of silver was uni
form, unless in exceptional periods, up to
the demonitization swindle. We suffered no
Inconvenience from double standard until
the grasping misers of the public funds be-
gan to clamor for more flesh. But now. we
are told, it would forever ruin the country to
make silver money again, OF, to use the
technical word. to remonetize silver, that is
to say, to undo the infamous Job that was
put upon the people without their consent
How can this DO possible? In paving bal
ances i'll Europe, gold and silver both are
| shipped as bullion and merchandise. and NOT
as money, and it is their value as bullion
that we receive. We should continue To
ship these metals just as now. The remoneti-
cation of silver would give life to vast in
dustries of tho fabulous silver mines of Nc
vada, Colorado, and California, sending
along the arteries of commerce a stream of
increasing wealth.
We want the coin of this country to re-
main as the Constitution fixed it. The Re
publican Cloths and Vandals have DESTROYED
everything else upon which they could lay
hands, let the coin alone. Grants financial
policy, the same as that of Wall street, be-
gan by declarations against initiation and
contraction, resulting finally in the demone-
tization of silver as a fitting climax to the
long chapter of ruin and desolation. The
country has been contracted to death. We
want no more of it. The people need relief,
demand relief, and will have relief, and the
first step is to restore silver to its former
place as part of the coin of the country.