Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1878-02-20

IA could bc paid by silver dollars aft,
d il, nothing but gold would pay. Lega
. tender notes were PIT upon u relatio
II To gold alone. and no. TO silver; and b
J. this act, coping the policy OF German
II and obcying the wishes Of Great Bri
- ain, both Of which Sere creditor N,
{. tions, while we are debtors, resnmrtIo
e has Deem delayed n"d much Of N
E misery oil the past iour years hee
l. uirectiy caused pnt ior the suspcf
sion OF the coinage o. The silver dollar
'f caused by y the Mint, could have give
= = us at east sioo,ooo,voo " that perioc
!. Can II Dc SAID that tnr would not hay
=. aidcd u on our roap v resumption
|, Is ~ common sense ior pecpl
. seeking 70 resume specie pHymen
70 ue'lprate'y cut on vpe ot the metal
. as an aId thereto Wewerc IN stat
oi suspension, with . Mrren'.y that ha'
!. no metallic basis "8hau ,ne oulllon
, y was our own produv'' Inc pcoP'
! wou'o nave we'comea Tue SILVER com
J ycs we usnpc'lle'y c'oseu our MINI
anu cue on nesuPP'yo yo' tng very thint
our hccess'.,es ra''cu 'or' VINO uic'ate'
t lnis Poncy bet uT look larry M.
.nis iegisia'ion' see ips purpose ''s n't'
mate scope AM 'ne gnu 70 oe reache'
" .nosv VINO or's''~'cu u, anu wn'
now WIN pen ana speech bitterly al
'agon'Ae us repeat
The proposition goes TO the full ex
tent OF striking out Of existence as iul
leyaLtender money oil OF the silver o.
the world. II II the fruit OF the Paris
conference OF 1851, by which, with
deliberate emphasis, the elevation %
gold as the sole standard and the role
CATION OF silver to afubordinate posi-
tion was determined ppoh. ucrmhhy
Influenced by an imperial political
policy and from her attiiude as a Credit
-. I'll II : =
or' 'nhs oeeh tno ichuer I'D tue praot'ct
movement She changed from silver
TO pold and threw npon tho worlds
.l,,. IN - tIr.I... .,I..
~ "i"o'' u" W np uilius e"ro'
France, her neighbour, was compelled
to cease silver coinage or be the recep.
tacle of all that surplus Other Euro.
pean Nations upon metallic basis
were Influenced in like manner, and
our act OF 1873, with no such reason,
swells the list that debases the white
metal. Germany not only refuses sill
yer but she demands gold, and the
same policy is urged upon us. Where
il the gold TO como from ? What we
have done the commercial Nations OF
The earth are advised TO do. This il
the ground il Is put upon here now.
What il TO be the effect of this 2
Mr.. Gosben's English Parliamentary
Committee of 1876 gives ,ts effect in
these words:
II 4, ob,,ou, ,h., n ,e,s, ,hoala h, g;y,p 4,
The policy Of ,sb,,tu,irg sod for silver wherever
y feasible and g',leg gold, Tor the sake Of is
."s, ' s'rs sm.pr NJ populs,los, % sba.. sss,,, @ and
custom. arr in favor u oliver, add thu. di,p.cipg
silver from the position tshsh y has always
'o' =, oss, =, ,.s, s ,,s s. .,,s 70. so5 " no
possible iinn, could be assigned to the farther
fall IN 'ts value ~hish would Inevitably take place
This is the report Of committee
vested with specific power TO .lnquirs
iis 10 the further iall OF silver. This
committee was writing in July, 1876,
when silver had dIrtady fallen u 52f.
IL hao not been this low for century.
The total stock Of gold money in the
world il about 81, 600 600. 900. Russia,
Austria, Italy, and the United States
,r,, us;u,, n.,,.r 'rb.v r,.opire mid
~. n i,~f
i"r rcsuHnp''on' Dy tne uoctrihe ol our
opponents II Is TO be gold alone. They
need eiyht hundred mill;oos How
' ,,
uueH tlis heeu unect tne Rolu Wherc u
il now 2 IL must be redistribut.d.
Tn, d.mapd for IL far tbasa Nations
necessarily iilcreaScs its Vhiuo wherever
IL may be. The quantity held by any
Marian must ha d,cr.ased and IN d.,
Z, .Is.- = '-.-I
creas'ilB lhe clIeulauhg heuiuin you
reduce prices, destroy commerce, and
r,,tard tha nrn,,r,.ss al civ,lization Mar
~ :. ~ So.
w yVu huN"hcu ~ III thc Nhion W
which you remit the gold, for you IN
tensiiy the comm.rcial distreas c,,nse
-. ,L'' .,.'.'..''.. -,
iuo". uPo" .no P"sSaRc "onii pApcf W
metal, you increase the difiicnlty of
Vettlnp n. and cheapep the commodi.
r.. 4, Nv. ,.,.'I IA. -, -;
we W o"y ~, ~ "v'oo, 'n's 'iV'' so"'',
0ly now. We strike down silver, and
m doing so Increase tho value oi gold,
We must have gold and we bankrupt
our people to buy II with Their com.