The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1891-02-12
The Proposed Silver Fraud.

The Proposed Silver Fraud.
Faneuil Hall, Boston, that is always at
the front in great emergencies, has, ir-
respective of party, protested against
the proposed free-coinage swindle. An
yet the Democrats in Congress vote for
it, almost to a man. This because, not
near all of them believe in it, but for
the reason that their party, for the time
being, is in minority and they think
they can make trouble for the opposi-
ton. This, however, is not statesman
ship. 1t is pure demagoay, and it is, in
addition, blow aimed at the best inter-
ests of the country. This Nation has
been through all the phases of currency
crazes, and it has outlived it. There has
been the fiat money undertaking. That
disappeared. Yet the idea of the Gov
ernment issuing paper that should be of
absolute value was not so bad as this.
At the back Of that was the Government
OF the United States. It was good if the
Government of the United States should
live. The latter did live and greenbacks
were made as good as gold. In the ad.
vantages of this all the people partici-
pated, and under the adjustment green
backs and National bank notes became
Of equal value. This was great
achievement. It was the crowning glory,
financially, Of our country. Agreenback
for a National bank note is now good in
any place In the United States or in any
city in Europe. Why 'is this? For the
simple reason that q dollar OF this paper
money is equal to gold dollar in any
commercial city OF this country. This is
the whole of it.
Now it is proposed to make, not by the
laws of trade, or by the intrinsic value
OF coin, but by an act of Congress,
seventy.fve cents of silver, measured by
gold, equal to one dollar in gold. That
can not be done. A prominent merchant
once said, in old ante-war times, that if
banks could make money plenty it
would never be scarce. That remark
was true then. It is true now. And
this applies to this silver question. If
the United States Congress could, by
legislation, make seventy-five cents
worth of silver worth one dollar in gold,
there would'be no trouble about it; but
unfortunately for the theory the whole
commercial world has something TO say,
and this something settles the matter.
It settles 1t as efectually as if this Nation
should undertake to say that debtors
should settle upon the basis of seventy.
five cents on the dollar. This would
discredit the Nation. Who would be
benefited by that? Nobody. On the
contrary, every one would be injured.
In all things the honest policy is best.
It is the best for every mortal who pro-
duces anything to sell or who finds it
necessary to buy anything.
The silver men who undertake to force
this seventy.five.cent policy upon the
country are band of mere speculators.
They are as selfish and dishonest as the
venders of lottery tickets. They have
nothing at stake except their own spec.
ulative interests.
The time is coming, and it is near at
hand, whom this shall be made plain to
the whole people of this country. The
time will come when the Democracy in
National Convention will not dare to
sustain the policy supported by the
members Of the present Congress. The
latter think they are safe because they
are not responsible. This is bad policy.
1t will be found to be very bad.
The financial and commercial interests
of the country are now shaken up be-
cause Of this silver legislation, and there
would be financial panic and speedy
withdrawal Of gold but for the fact that
there is Republican majority in the
House OF Representatives, and . Repub-
ican President behind all, ready and
d etermined to veto all fraudulent silver
legislation.
The appeal at last will be to the
people. The trust of the Nation is in
the last resort. - Commercial Gdzet;e.
Rev. B. G. Parker, pastor Of the Baptist
Church.at Allentown, Pa, was sick on
Sunday last and unable to preach. A
large audience, however, assembled in
the church, whereupon the minister's
wife read his sermon to the coneFeeatien,
vhich vaa eniovad mor4 than A anoIan