The midland journal. (Rising Sun, Md.) 1885-1947, 1894-05-11
Friday. May IL, 1894.
More Silver Movements.

national movements are farcical The
countries that have the silver are the ones
to make disposition of it as they see fit.
Let every one do what he pleases with his
own is good American doctrine. Any
other is born of either craven cowardice
or dishonesty.
AS customary on such occasions the
newspaper reporters "interviewed' lot
of Congressman the next day and pub
llshed their "views" on the subject. But
who values the views of Congressman
on silver or anything else nova days?
One of the men thus interviewed, Mr..
Quigg, REP. of N. W expressed the
gold ring views about as comprehensively
as they can be put. Mr. Quigg said:
GIN any situation that seems likely to
arise within this generation, the only
possible way of bringing about free coin
age or even larger use of silver as
money metal is through all international
agreement to which England will be
party.
"a silver dollar today is so cents We
pretend it is 81. We are agreeing to
make believe that it is ST and so long as
we keep up this preterse and so long as
people believe we can keep it mp, that so
cents will circulate as 81. But when the
confidence fails the scheme fails. That
IS the present situation and it can never
be altered, except by general agreement
by nations which will fix the price of
silver bullion at all the minis of the world
and make a common ratio. Whether
things are tending in that direction or not
l doubt. Whether it would be public
advantage if they did so tend 1 doubt.
Every now and then there is ripple of
silver excitement in England, but it dies
away. rather think this will die too.
don't think that anybody has proved vet
that there is not enough gold to form
the basis of the worlds currency.
People have got into the habit of saving
there is enough, but 1 doubt if any
considerable proportion of them under
stand what they are talking about
1t is noticeable that there are two or
three prominent ideas advanced by Mr..
Quigg which express exactly the gold bug
theory of money. The first is that Eng
land must first be consulted by all the
world to obtain her consent to what shall
constitute money.
Secondly, that money is nothing but
merchandise, in no way differing from it.
That the merchandise or commodity price
of silver or gold is of right the money
representative or debt extinguishing func-
ton. Nothing more. In short there is
no such thing as law created money, only
an agreement that metal, gold and silver
at their mercantile value, shall be recog-
nized as an article of universal barter to
settle balances and extinguish debts.
and that the only metal to gauge all
prices and be used as money shall be gold
because England says so. If any person
can gather any other meaning from Mr.
Quigg's interview" we would like to
have it pointed out
This demand has made gold very dear,
and by demonetizing silver the demand
for it has fallen short of the supply and
like other merchandise it has fallen in
price, grown cheap as compared with
dear gold, as everything else has.
The fact which underlies money, that
the law of the nation creates all money
out of whatever material it chooses to
adopt, so decided by the United States
Supreme Court for this country, is left
entirely out of consideration by the gold
ring view as expressed by Mr.. Quigg.
And as '1ong as wekeep up the pretense"
that so cents will constitute a 81"
but no longer is this gold bug theory. It
will be seen how entirely they lift them
selves above law. This echo of the
Rothschild gold ring doesn't dare to even
think that because the law of Congress
says that fifty cents worth of silver bull
lion shall be dollar as valuable as gold
dollar for every purpose that money is
applied to; and yet the fact is so plain
that he and everybody else must take it
for dollar, that no one ever refuses.
But when the confidence fails the
scheme fails" The confidence" has
failed-so they pretend-with such men
as Mr.. Quigg, and yet they have to take
the silver for one hundred cents whether
they will or no, thus refuting their whole
assumption.
Mr.. Quigg is doubtless entirely right in
doubling whether it would be a public
advantage" if an Internal onal conference
could establish an international silver
money. 1t would prove public calamity
to this country, as the present implied
international gold money system is
proving. The money gamblers of London
can send to the United States Treasury
and draw millions of gold whenever they
want it, and Cleveland, Carlisle, John
Sherman, ct al say sell bonds, buy gold
and keep the Treasury full for the con-
venience of these gold gamblers. The
people will continue to pay the interest
and ask no questions, as long as they
consent to vote the republican-democrat
ticket
And this gold ring mouth-piece doesn't
think that any body has proven yet that
there is not enough of gold to form the
basis of the worlds currency. people
have got into the habit of saying there i:
not enough" but this Mr.. Quigg doubt:
IF any considerable portion of then
understands what they are talking about. y
very, considerable MORTON, will ,,pdar