Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1893-05-25
GLADSTONE FOR BIMETALISM,

LII speech recently delivered a.
Free Assembly Hall scarborough he
said:
And now, gentlemen, | must tur n
for few moments-and when | use
the term moments, although the
question | am about to deal with is a
question which it would take hours
to elucidate, and l am af raid that
after the patient hearing you have
given me on the subject of Ireland,
whish after all is still the principal
labor question of the day, you would
not sit another hour in this crowded
hall -["Go on, and loud cheers +
Notwithstanding these considerations,
when 1 speak of moments l really
mean to trespass on your further
attention for only a very limited
space of time. But after the highly
interesting conversation which it was
my privilege to hold this morning
with gentlemen well qualified to rep
resent your views and the views of "a
large and steadily growing section
of public opinion on the intricate
question of the necessity for some
more or less adequate adoption of the
standered of value to the changed
conditions under which in our day
the interchange of commodities Is
carried on. l must turn for a few
moments to what is Familiarity known
as the question of currency reform.
Now, 1 am sure we will have a
most profound veneration for the
currency, and there are at least three
aspects in which the subject might
be regarded, but as time is at present
of great value you are familiar with
popular and highly expressive saying
that time is money, and it has cur
rency of its own which we cannot,
and at the times of life at which |
have not arrived | must not disregard
Il shall content myself with saying
in single word that currency reform
means bi>metalism. Loud and pro-
longed cheering. NIGH refer you
to my former utterances on this ques-
ton, but though l am not aware that
any of the principles which have on
previous occasions enunciated are
obsolete or inapplicable to existing
conditions, l am now in a position to
say that l regard bimetalism as
question which is fully ripe for dis
cussion, and that we are rapidly ap-
preaching the time when it must be-
come ripe for settlement on a broa d
and final basis. Gentlemen, we are
bound to take into our consideration
not only the limited class of creditors
for whom an approaching standard OF
value has naturally strong and If
restible attraction: but we must &C.
knowledge that it is the duty of
democratic legislature to supply the
much larger class of people who re-
quire money for the payment of their
debts with a currency to which they
may have access on easier terms.
Loud applause.
1t is essential at the same ii me, to
proyide a standard of value which
shall be as little huctuating as the
variable conditions regulating the
supply and the demand for the prec-
ious metals will permit. Now, it has
been demonstrated by Mr.. Giffen
and other high authorities that with
in the last few years gold has varied
from 20 to % per cent, and even
from 80 to 40 per cent, in relation to
other commodities. The people,
whose Judgment on all such questions
must be final, guided by that divine
intuition which distinguishes those
whom may call the masses from
the moro artifcially moulded CONS
ponents Of society designated the
classes, have arrived at the conclus-
ion that, to correct the variable ten
dency of gold, it must, as standard
of value and as a legal medium for
the Interchange of commodities, be
linked indissolubly with silver. 1t
has been said that it passes the wit
of man to devise scheme by which
a variable standard of value shall be
made less fuctuating by linking it
with another metal which is much
more variable.
Blu: say there are at least twenty
ways IN which the desired end may
be attained, or at least approached in
such degree as may appreciably al