The DeLamar nugget. [volume] (DeLamar, Idaho) 1891-1900, 1892-05-07
Blaine and Silver.


The following from the Idaho States
of the 9th inst. is worthy of a place in
in every paper published in asilver rpo-
ducing region:
'sAs the record of Mr.. Blaine's public
career is brought out il is more and
more clearly show n that his is one OF
the greatest minds that this country has
yet produc-d. Indeed il is doubtful if
we have had another who has been so
far seeing dc he.
The Statesman does not wish at this
time 10 enter into a general review of
his career. desiring only to point out
the record that be has made on the
much debated silver question.
N volume z, page 82l, of the Con-
gressionsl Record the following remarks
| by Mr.. Blaine appear:
! On the much-vexed and long mooted
question of bimetallic or monometallic
Standard my own views are sufficiently
indicated In the remarks .have made.
| believe the struggle now going on in
this country and other countries for
single gold standard, would, If success
full, produce widespread disaster in and
throughout the commercial world. The
destruction of silver as money and es-
tablishing Of gold as the sole unit of
value must have ruinous effect on all
forms of property, except those invest
ments which yield q fixed return in
money. These woHd be enormously
enhanced in value, and would gain
disproporionate aud unfair advantage
over every other species OF property. II,
as the most reliable statistics affirm,
there are nearly seven thousand mill
ions of coin or bullion in the world, not
very uDeqnally divided betwe gold
and silver, it is impossible to strike sill
yer out of existence as money without
results which will prove distressing 10
millions ana utterly disasterous to lens
of thousands
Further along, at time when tn.
people were just awaking to the fact |
that law had been smuggied through |
Congress demonetiZiUg silver, our pres
ent secretary of state expressed himsel; |
as follows:
Il believe gold and silver coin to be
the money of the constitutions; indeed,
the money of the people anterior to the
constitution, which the great organic
law recognized as quite independent OF
its own existence. No power was con-
ferred on Congress to declare either
metal should not be money. Congress
has, therefore, in my judgement, no
power to demoni;Ize either any more
than to demonetze both If,
therefore, silver has been drmonttized,
| am in favor of remonetzing it. III
this coinage has been prohibited, am
in favor of having it resumed. If it has
been restricted, am in favor of having
i enlarged
The language that has been quoted
shows " hat firm grasp Mr.. Blaine had
Upon the subj ct; and his words nov
appear to have been almost prophetic.
The destruction of silver as money!
,e said, 'idnd establishing gold as the
ole unit of value. must have ruinous
fleet on all forms of property, except
hose investments which yield fixed
eturn in money. These would be enor- ;
nously enhanced in value, and would
ain disproportionate and unfair adj
'antagc over every other species OF :
property.
After nearly twenty years. experience
With the policy which be deprecated be-
ore it was entered upon, we find that
he results have been exactly as he pre-
icted. An unfair advantage has been |
ecured by interest bearing investments I
I the expense of all other kinds OF
roperty; or, in other words, the
interests have been benefitten
Enormously at the cost of the producing !
laeses.
1t may safely be assumed that man
no thus grasps the great features OF
1is problem would not antagonize the
lterest of The people if he were elected
the presidency. Mr.. Blaine has long S
cen regarded by the silver men as one
their best friends; and it is SIGNIFICANT !
DIV to find Senator Teller, that great {
of the silver cause, warmly L
]vocating his nomination, aud hal. t
10, under instructions from his state {
the effect that, as a delegate to the lc
invention. he shall not assent TO the n
animation of any man who is not ~
iendly to the white metal. ~
Teller knows what he is ahout, and =,
e entire west can well afford to follow :.
g lead. Western people are for Blain' II
! general principles, and in the ligh kl
present developments they are NOR W
an ever satisfied that he would not, as By
esident, aniagonizp their interests" es
cknII r DoOA/NH-1N