Mexico weekly ledger., 1893-08-24


and England cuts our commercial
acquaintance-what then? 1t would
inevitably give us control of the
commerce Of every silver-using
country on the globe-France, In
dia, Mexico and the Central Ameri-
can States, and the Republics OF
South America-which would more
than compensate US for the English
trade. lApplause.
Gentlemen talk as though Europe
bought wheat, corn, pork and
beef because they love US. That is
not true. They are hungry and
must east. That is the reason they
buy our stuff.
The gentleman lauds Thomas II.
Benton for facing his own party on
a question of ratios in 1884, and
prays for some other man to rise
up in the Mississippi Valley and
make himself great by initiating
the heroic example of cold Bull
lion." Thomas H. Benton was a
great man and formed one of the
qu%adrllateral of the greatest states
men who have at any one time APP
peared together in the Senate of the
United States. His splendid career
constitutes one of the most valued
treasures of Missouri and of the Re-
public. l hope some day to e his
effigy in Statuary Hall, but it is
not advisable for Representatives
here to follow blindly his example
in all things, unless they would en-
ter the pathway which leads to po-
litical death.
virgil says, Fdcilis descensus
auerno-easy the road to destruction
and so the naughty, belligerent,
imperious Benton found it to his
everlasting undoing. The awful
catastrophe of his career should be
a warning to all who hear me this
moment. In an hour fatal to his
success he peremptorily refused to
obey the instructions of the Missou-
ri Legislature as to his vote on a GER
tain vital measure pending in Con-
gress, and he fell, like Lucifer,
never to hope again. | have nc sort
of doubt that if the departed dead
take cognizance of the affairs of this
lower world, and Benton could speak
to us this day, his advice to Repre-
sentatives would be, "Stand by
your constituents-vor popuH, Uoa
Dei-the voice of the people is the
voice of God"
This panic is a monstrous crime
against the prosperity and happi-
ness of the American people. Zap
plause. 1t is purely fictitious
absolutely without foundation, ex.
cept for the Unsuitable greed of the
men who have planned and manip-
ulated it to fill their Golfers with ILL
gotten gains. They have overdone
the thing. They wanted a scare
and squeeze to accomplish their ne.
~farious purposes; but they did not
want it to assume its present pro.
portions. They started it, but they
could not guide it. They sowed the
wind, and they are reaping the
whirlwind. They have realized the
truth of the old dictum that wicked
inventions sometimes return to
plague the inventors. They are in
the condition of the philosophe,
who took a few pieces of wood,
leather and iron and made him q
devil, and after he had made him
discovered that the devil controlled
him, instead of his controlling the
devil. Laughter.
| WHY THE WEST WANTS SILVER.
The people of the West want sill
yer money at the old ratio of 16 to ]
[Applause, because they want more
money and they want more money
because they need it in their bust
ness and in the development of theil
illimltable resources.
There is not enough goblin the
world to furnish money enough fol-
its necessities. Everybody admits
that. You must use silver or some
substitute. You can not get around
it.
All the political economists are
agreed that the prosperous condi.
ton of a country is where the vol,
ume of currency is gradually in.
creasing, and that where the volume
of money is either stationary or de.
creasing, business stagnates and
the wheels of progress cease to re-
volve.
David Hume puts it this way:
1t is certain that since the discovery
of the mines in America industry has
increased in all the nations of Europe,
X n We find hat in every kingdom
into which money begins to flow in
greater abundance than formerly,
everything takes a new face; labor and
industry gain life, the merchant be-
comes more enterprising, the manu-
f%acturer more dIligent and skillful, and
even the farmer follows his pillow with
more alacrity and attention. X 1t
is of no manner of consequence with
regard to the domestic happiness of a
state whether money be in greater or
less quantity. The good policy of the
magistrate consists only in keeping it,
If possible, still increasing; because by
that means he keeps alive q spirit of
industry in the nation and increases
the stock of labor, in which consists
all real power and riches. A nation
whose money decreases is actually at
that time weaker and more miserable
than another nation which possesses
no more money, but is on the increas-
ing hand.
William II. Crawford, Secretary
OF the Treasury, in a report to Con-
gress, datedFebruary II, 1920, says:
All intelligent writers on currency
agree that when it is decreasing in
amount. poverty aud misery must
prevail.
Mr.. R. M. T. Hunter, in a report
to the United States Senate in 1852.
says:
OF all the great effects produ ced