The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1889-11-28
THE DOLLAR OF OUR DADS
The White Metal Should DO Restored
10 Its Proper Place.
Uncle snsn CAN Take Carc of Mss Money
standard without Consulting the
Crown sleasls or Euross~-Ths
silver S;s.Nvemtlssm.

-
Resolved, That senators and representatives |
i'm congress hereby requested to establish -
lean states that shall make the silver coin pass
current par with gold In all the Americas o
the western hemisphere; that they also be re-. |
auested to open negotiations with tiie congress W
Mn Americas Ina sesSiOn for the building
of r,srsd from the United States 'snsi through
the states of Sb,Ith America.
After u lively discussion IL was referred
tn tlse committee resolutions. A num-
her of resolutions were offered i'm rapid
succession and referred tn the committee
on resOlsstions. -.
A paper from John Thompson, vice
president of the Chase national bank Of
New York, was then read. IL was the
judgment of Thompson that the move
ment for n more liberal use of silver i'm
our currency supply should be gradual.
First. to secure the coinage of the maxi
mum of Si,UOO,OO0 per month, and see the
results produced under that augmented
coinage. In his deliberate Judgment this
augmented coinage would pave the way
for the adoption of free coinage 10y accla-
nation.
The paper continued: with the de-
nlonetization of silver began an era of
contraction not perhaps shown by the ag-
Rrteate figures of the outstanding cur
rency but by the disproportion between
the increase of currency and the b business
of the country. which Increased out of all
circ.niatims circulating medium. or the nass
of gold i'm the country, OBJ
tanned since resumption. some 5000;
virtually no part of the working currency.
IL is only drawn ont when used for foreign
shipment. Our working currency con-
sists of legal e.,dcr notes, national bank
notes, silver coin and silver certificates.
national bank notes are retired. Therefore
il can truthfully he said that stock or cur
rency that does the work of the country is
slowly bat surely diminishing, while tire
business demands upon IL are constantly
increasing. Thus there have been two
measuring power of money in the United
States and consequent depreciation OF
property. One is the general effect of
| traction OF particular kind of currency
| used, while our dollars are of silver and
| silver certificates are based upon them.
| So far both of these dollars and their re-
representatives. have been restricted in
amount and kept on n gold basis 10y "A
| t,llic standard The characterization of
| silver il wicked preference given to the
| tire population. and il is this preference
| that is driving our middle classes into pow
| erty and enabling the miilionaires to
multiply their millions. In my opinion
nothing will save our people from social
revolution SO surely as full rernonetizatioi,
| of silver ana giving 4, all The advantages
! we now give To gold. both in law and in
I the ruling of our treasury department.
| Ihe noiio-gold standard is a. stepping
! stone to- anarchy; may, il lis more; Il is u
| flight of stairs leading to the chamber of
horrors, bankruptcy, panics, suicides, re-
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