Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-10-11

ecsive and Jealous in their efforts to create
public sentiment that would compel Congress
10 retrace Its steps. They charge that the dol
lar which we are cOining under the act Of Feb
rnarv "a ISIS. is q dishonest dollar, and that
every creditor is defrauded who is compelled to
accept was preaacsea oy assin me tbss OF
that gold would begin atlgnce 70 leave the
country ard that the chekp silver OF foreign
countries would begin to be unloaded ON us
Bnt there is no evidence, and none can be pro-
ducen to show that gold will leave this country
as a consequence Of silver coinage, ana the MS
trutb of that proposition Will We be flooded
with the cheap silver of other countries? Are
beautiful metal? Suppose the silver OF other
countries were all sent to us Would 1t be
curse instead of d blessing? II money is curse,
why is all the world struggling TO get it? We
can never be flooded with silver bullion from
any country becaus 1t is cheaper here than else
where. OF the annual product Q. the world In
Iss4 of Sis 600, 600, the United states, Mexico
and Bolivia produced more than 800 OO0. 600;
and, after consuming what they wanted for
hunt higher markets Now, l ask Ehere is the
VIZ assaeisI sTI.s; :. Ks s TosiS a.
honest dollar; that it is ah s3-cent DOLLAR. that
it is clipped dollar Iheard it called on this
floor eight years ago in the discussion OF this
question by all Of these bad names, and yet by
the authority Of the laws of the United States,
it is invested with monetary function just the
.sNOw if there is any body in this house OF out
side of it who believes in his heart that IL is an
s3-cent dollar, if ne will advertise that he will
supply all tn at are wanted at SO cents, and sell
them for gold dollars at 100 cents, he will soOr
see demonstrated the truth OF the Old aphorism,
The fool and his money soon part company
the monetary value of the coin ID equivalent to
the commercial value, and we ought to come to
that Well, how are we to do 1t? We are GER
tainly not going to do it by stopping the coinage
of silver 1t was the stopping OF the coinage OF
silver and depriving silver OF Its market that
do 10 a n;a$o and GOLD annYpciafa a
strange sort of philosophy which teaches us
that in order to bring back equality we must
stop the coinage of silver mat IL Is IKE telling
one of his legs that the proper way TO restore 1t
ls to cut off that leg and peg about as well as
awhile, by some miracle-for nothing short of
a miracle can produce the result-hfs leg VIII
when one of his eyes is diseased that he ought
not to cure the disease and restore the aling eye
to the same condition as the other, but that the
proper thirg to do is to jab IL cut, with the ideh
that may be some of these days miracle will
De wropght-that somebody will come along
and touch the eye and relume it again.
Strange as 1t may seem, tn senator now ap-
pears to favor the policy of leg-cuttipg and eye
,abning 1 stu oppose IL .,d But near the rep
''The way TO bring the monetary value OF
gold and silver together is to restore the market
90 silver Give silver free coinage. IF we take
The coinage of silver. the world will have ONLY
one metal to measure its values, and the price
Of labor and the products OF labor will come
down, men will be thrown out OF employ ment
throughout the earth, tramps will ill the high
WAYS, and We will depth and intensity oi
we have never seen before.
Now. Mr. Chairman, L come to answer the
real objection to the free coinage of silver. j
have b eu dealing with the fne-spun sophtstries
which have been thrown around the subject. i
come to uncover the false pretender, to take the
mask from his face, to expose his repulsive
features to the AmsFlcaa people whom ne seek
of silver is because 1t will increase the volum'
of circulation that measures the value of labor
1t will make money cheap, bet 1t Will make the
stroke of the arm dearer. 1t will make clothing
dearer, 1t will make wheat dearer, it will make
corn and cotton dearer, but 1t will make every
worth The best condition of every people is
that in which labor receives the highest possible
reward for its toll.
world. Whatever the volume is, IL measures
all the values of the world mean the money
m mines I do not mean the moaey iocked up In
ioeksd i IN BANK s. So 90 mean WHAT
sbs IN ssns sns se
price of labor and its pfoduRt, Auss..ihouS- tn
s9n sivs, that o ns 81
circulation, as Germany triJf to do, and fix
values alone by the gold standard, then the
value Of the products Of iabqh would be red uced
"My friend from Pennsylvania ashed me q
moment ago what about debts? That Question
goes to the bottom of this controversy. It is on
account of debts that the creditor class is trying
to make money scarce They are trying to
for which he owes one days labor; and dis
guise 1t as you will, that is the head and front
of the offense OF the silver dollar. The debts OF
the people Of tue United States are set down at
S25, 900, 200, 0C0 1t Is low estimate to say that
it's interest is at the rate of per cent per
annum. That is an annual drag on labor OF
ST $50 600 ,000 in addition to that the taxes to
support national, state and local governments
are $500, 600 900 more. Now, with this enor-
to the ground, is it not crime to make money
scarce, and thus lower the price OF all the pro
ducts of their labor? 1 want to repeat 1t, and
emphasize it, that high prices for labor always
bring prosperity to the country: and hign
prices can never be had with scarce volume OF
money.
''In all the wild, reckless and rsmorseless bru-
talities that have marked the footprints of re-
sistless power there are some extenuating cir
cumstance that mttigates the severity of the
punishment due to the crime Some have been
the product Of the fierce passions of war, some
have come from the antipathy that separates
alien races, some from the superstitions OF op
posing religions. But the crime that is now
sought to b. perpetrated more than 80 COO 600
of people comes neither from the camp of q
conqueror, the hand of a foreigner, nor the altar
of an idotator. But it comes from those in
whose veins runs the blood of a common ances-
the same language. reared in the same institu-
tions. and nurtured in the principles Of the same
religious faith. 1t comes from the cold, phleg
matte, marble heart OF avarice-avarce that
seeks to paralyZe labor, increase the burden of
debts and fill the land with destitution and suf-
feriBg to crafty the lust for goid-avarice sur
rounded by every comfort that wealth can com
mand, and rich enough to satisfy every want
save that which refuses to be satisfied without
the sunocation and strangulatiOn of ali the
labor in the land. With a forehead that refuses
to be ashamed, it demands of congress an act
that will paralyze all the forces of production,
shut out labor from all employment increase
the burden of debts and taxation and send
desolation and suffering into all the homes of
the poor. In this hour, fraught with peril to
whole COnntfv. n ha oolt
repres entatives OF the American people to meet
this bold and insolent demand like men Let
and never leave the field until the people's
money shall be restored to the minis on equal
terms with gold, as 1t was years ago.
Indeed, Is not this conversion of the Texas
senator almost miraculous? I might deem it
wholly so Ii 1t stood alone. But it is not the
only one of its kind, nor even the most distin-
guished. On the evening of November 81. 1883.
the Hon John 6. Carlisle, Secretary of the
Treasury, was the guest of honor at a maguifi-