Milford chronicle., 1893-10-13
Two VIEWS OF GOLD.
,mments ofrwo Senators who Have since
ciloneed T,hefr nffnaa

{ Comments ofTw0 Senators who Have Giuel
Changed Their Minds.
In the United States senate on April /,
1874, Hon. John p. Jones OF Nevada said.
THE value OF gold Is represented by the
average amount Of labor required to pro
duce Il. Its scarcity gives a small quantity
, Of 1t great value, 50 that it Is easily trans
ported from place to place. It Is capable
Of division and subdivision, aud also OF BE-
Ing reunited-all without loss It IS IN
every commercial country made into coins
and stamped by national authority with q
certificate as to fineness and weight. 1t IS
flexible aud self regulating, and flows by
natural laws wherever the exigancies OF
trade demand It.
Gold is the articulation Of commerce.
It Is the most potent agent Of civilization.
1t is gold that has lifted the nation from
barbarism. 1t has done more 70 organize
society, to promote industry and insure its
rewards, to inspire progress, to encourage
science and the arts, than gunpowder,
steam and electricity.
THE use Of gold had its origin in the
necessities Of mankind. The human heart
Is set upon it. It viii command the proper
services Of everybody at all times and In all
places. The necessities which compel its
{
the beginning, although improved systems
Of exchange have diminished the proper
tionate volume necessary to do the work.
$50 exact a measure is It Of human effort
that when it is exclusively used as money
it teaches the very habit Of honesty. It
neither deals in nor tolerates false pre-
lenses It cannot lie. It keeps its prom
lses to rich and poor alike
While it has seen human institutions
perish and human governments crumble
and decay, It is itself imperishable. The
gold that was in Solomon's temple pos
sessed the same qualities as the gold dug
today from the sands of Africa. The gold
of California and the gold Of Australia are
precisely the same. It defes the corrodinQ
hand Of time and the friction Of the ages
1t is the common denominator Of values.
1t makes possible the classification Of la
Dor and the equitable interchange Of com |
Gold has intervened in the bargains 1
made between men since the dawn Of civ /
ilization, and it has never failed to faith /
fully fulfill its part as the universal agent ]
and servant Of mankind. But It withdrayvs \
from the companionship Of the bedizened 4
larlot called irredeemable paper money
aud says to every people, Danish her before
you look for my return 1t is the oxygen
n the commercial atmosphere, and its alb
ience produces financial asphyxia."
Senator John j. Ingalls,, In a speech Feb.
To- 1878, said;
mo people in a great emergency ever
ound faithful ally IN gold. 1t is the
most cowardly Of all metals. 1t makes no
reaty it does not break It has no friends
t does not sooner or later betray
Armies and navies are not maintained
" gold. In times Of panic and calamity,
hipwreck and disaster, it becomes the
gent and minister Of ruin. No nation ever
ought great war by the aid Of gold. On
ne contrary, IN the crisis Of the greatest
ieril, it becomes the greatest enemy, more /
Iotept than the foe in the field but when
he battle is won and peace has been Sc
ured gold reappears and claims the fruits
+ victory. In our own ~ war it is doubt
al If the gold of New @iesk and London
i'd not work US greater lry than the
owder and lead and iron Of the rebels.
1T was the most invincible erseniy u q -
ublic credit Gold paid no s /liier or s4ilsNe
r. It refused the national Obligations. It n
'as worth most when our fortunes were
he lowest. Every defeat Ave it increased ,
alue. 1t was in open Alliance with our I
lemies the world over, 9nd all its energies c
ere evoked for our destruction c
But as usual when danger had been t
7erted and the victory secured, gold swag-
srs to the front 9dd asserts the supremacy"