The Leavenworth weekly times., 1878-02-21
Year Gold. Silver. Year. Gold. silver.

A study of the foregoing table will prove
profitable, and convices ME that gold has no
superiority over silver in stability, when
their monetary conditions are the same.
find, therefore, that We have the legal
and moral right 10 restore silver to its place
IN the coinage.
| believe that the compensatory action OF
the bimetallic standard is great preven-
tive of crises and forms the safest measure
OF values. | believe that to cling TO the
single standard will enhance the price Of
gold and increase the burden of our debts
unwarrantably. ! believe that remonetiza-
ton OF silver will serve to stay further de-
probation OF property and pave the way to
safe return 10 specie payments so soon as
the reviving industries OF the country
bring to US the means to
do so. / believe that no man can fore
see what the exact price-relativeo of gold and
silver will be until We have actually re-
monetized it; hence urge as the most just,
and safest action the restoration, not OF a
silver dollar but of the silver dollar of 4l22
grains. When that is done readjustment
if necessary of the gold and silver coins can
be intelligently begun, and not until then.
1 believe that we have nothing TO fear
from an increase in the production of silver,
but that We, as the chief siiver-producing
country, ought to stimulate rather than re-
tard the production OF this metal.
/ shall vote as | have voted, for the re-
monetization and re-establishment of the
silver dollar of 4l25 grains, and that so
much bullion may be purchased by the
government from month to month for the
coinage of this dollar as the capacity of
our mints to coin may indicate. The pro-
posed amendment Of the Senate that not
less than two nor more than four millions
per month be purchased seems to me to be
Just and wise provision, whereby the dif-
terence between the coin and bullion value
Of silver may be saved to the government.
In conc usion i desire to refer to the
manner in which this subject is handled by
some of the opposition. quote from the
speech of my friend from New Hampshire,
Mr.. Blair.
proposition l. put by the silver men. They
decline 10 pay in gold, and say they will pay
in silver or not at all, and II their creditors
Will not receive ninety two cents for one hun
dred they will destroy their property and
break up society. Very well proceed. Those
who, living in the Mississippi Valley. turn it
into maelstrom will get as much grinding
out of IL and as little grist OF good out of that
mill as those who live on the outside of the
destroying circle. The east may be robbed
until she is hungry, but she earned the mon
ey which is developing the west and which
held the south in the strong grip Of national
integrity, by generations OF industry and
exist and to lend. should she lose her in
vestments abroad through the knavery Of
her countrymen, she will still be able to dig
an honest living from her rocky hills. If she
is paid any part of what she has lent, she will
take what she can get, and hereafter the west
ern repudiator will borrow what he can get
and by the fim.. his i'm DrDylS4d anarchy has
become settled and serene he will have a
more lively sense Of the obligation of con-
tracts.
Why, sir, one little city OF seven thousand
people, the city of Keene, in my. district, has
81 ,5U0, GO invested in the securities of the
of the lat orers OF New Hampshire are loaned
at rates of interest sanctioned by local laws
all through the northern belt OF the great
valley garden Of our country and OF the
world. The great mass of this accumulation
has come down to US from former genera
tions. 1t represents the tolls and sacrifices of
our fathers and mothers for two hundred and
hfty years. We have lent II in good faith to
the Others of an agricultural FL Dorado, COM
pared with which our own rough and barren
chance in life has been as the ninty-rock to
the gardens of the Lord. We have lent 1t to
our brethren and sons upon their own terms
secured, as we thought, by their honor and
veloped until they are America. In ten years
they can double our development and accu-
mutations n1,,i for eentnTiest wniie they have
qusdrupled their property by its use and now
they threaten us that they Will repudiafe the
whole unless We will discount per cent. of
the principal. For this there is no excuse
but the high wayman's. The debtors OF the
West are not called upon to pay their debt.
They are only desired 10 pay their interest,
manif st the instincts OF common honesty,
and retain their loan as long as they desire
That they can do, and they will some time
learn that their true friends were the eastern
capitalists, and not the brawling communists
Of tine prairie nor the upspringing represen-
tative Of the new and solid South, with one
hand clutching the key TO the Treasury and
with the other lighting the fires of discord
with the national bonds which preserved To
him in his own hour of madness a coun-
try and the privileges of freedom
But protest that these men do not repre-
sent the hearts and purposes Of the American
people. Our counfrymen, North and South
and East and West, are honest, and Will
never knowingly perpetrate a wrong Tney
may be misled. and believe they are now
misrepresenfed; and, so believing, appeal
from the madness and folly and demagogisrn
of the present hour to the calm verdict o! the
swift-cc ming future.
lam always willing to sing the praises
Of New England. thank God for the civ
ilizing and enligh'ening influences which