The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-06-17

Would it not have been a fairer
statement, if instead of telling the
people that eight millions of silver had
been furnished to you from 1892 to 1873,
II he had told you that sos. 100000 of
silver had been put afioat in this coun-
Try and made legal tender by the law
Of the land? But that is not all;
wish IT were. He tells you that you
must adhere 10 q single gold standard
because 1t is absolutely indispensable
and necessary to conduct our business
With the foreign nations of the world.
L answer and say that the heaviest
transactions we ever had with the
foreign powers of the earth were from
1866 to 1879. There never was a period
in American history when your foreign
trade and your foreign transactions
were heavier in volume, and yet during
those thirteen years, while Europe
I was standing upon gold and silver, the
/ United States never had either You
had by law declared a suspension of
specie payments, and for thirteen
years we did manage TO carry on our
heavy foreign transactions without
either gold or silver. We settled our
balances in trade as they were always
settled.
AN Honest Dollar,
But the advocate of the gold stand
ard tells you that the silver dollar is
deprecated in value. deny if
Measured by what standard: I af-
f1rm, and upon the affirmation l defy
/ contradiction, that one hundred cents
IN silver today will buy as much of
/ human property or human labor as
II ever did buy since it pleased the
/ Almighty to create mankind One
hundred cents of silver today will
buy as much in farm products Or Of
the machine 81,
OF mans sweat and labor as it ever
did buy in all the ages. IL VIII not
buy as much gold, grant you. And
8 WhyE Because you have declared that
silver shall no longer be a money
metal on an equality with gold; you
have forced gold up and silver down
/ by arbitrary, unWarranted and I'M
/ righteous legislation. A fair way to
put the proposition would be that sill
! YER has not shrunk in value. but
/ gold has risen in value, and the only
explanation of it is that it is the re-
suit of arbitrary, unjust and errone-
Gus legislation.
But he says that if you remonetize
silver, that is, if you open the minis
of the country to silver again, every
dollar of gold in this country will
sprout wings during the night and
take its fligth with the rise of the sun
next morning, across the Atlantic
ocean; that you would never see the
gold again; that all the silver of for
eign nations will be dumped upon
our soil for mintage and coinage. We
( have heard this threat before. 1t is
the same old cry of wolf, that fails
to startle or alright us. In 1873, when
we passed the Bland-Allison bill that
gave free coinage limited to from two
to four million month, it was not
Carlisle but John Sherman who told
US then what Carlisle tells US now.
He told us not to pass that bill, that
if we did, every ounce of foreign sill
Yer would be brought TO our minis
to be coined and stamped with the
American eagle, and that every dollar
of our gold would take it's flight at
once. We did not believe it. l did
not believe Mr.. Sherman's prediction
then. ] do not believe Mr.. Carlisle's
prediction now. For he is telling us
the same tale that the Ohio Senator
then INDUCED in.
Merely MOonshine.
In spite of Mr. Sherman's warning,
the Democratic party in that Demo-
cratic House, in 1873, with the aid of
the votes of Mr.. Carlisle and myself,
passed that free coinage bill. a Re-
publican President vetoed it. The
gold party was against US then. The
gold party is against us now. 1t is
not exactly an accurate statement for
me to say that a Republican Presi-
dent vetoed that BILL but a counter
felt pinchback representative of Re
publican President did veto that bill
HAYES vetoed the bill. That Demo-
cratic Congress passed it over his
veto by two-thirds vote, and
rammed it down his throat and made
it the law of this land. in spite of his
veto. What happened? Here stood
Sherman's prediction that all the 81
yer of the world was coming here, and
ali the gold we had was going away.
Neither happened. That law was in
force from 1878 to 1890. We lived I'M
der that Bland-Alison free silver
coinage bill for twelve years
Not a Dishonest Dollar.
But they insist that the silver dollar
is a dishonest dollar. I do not believe
it; but if I did 1 would say retire it
from circulation Honest men do not
advocate the circulation of dishonest
money. They say the silver dollar is
only worth fifty cents where 1t profess |
es to be worth one hundred. Then, for !
heavens sake retire it. That is half |
way counterfeiting. What is coun- |
terfeiter? A man who pushes upon |
the public that which purports to be
worth a hundred cents, when in fact |
it is worth nothing. How much better |
than a counterfeiter is the man who |
proposes to continue to force upon the |
honest people that which purpOrtS to |
be worth one hundred cents when it is !
only worth fifty cents? Is moi he half |
as bad as the counterfeiter2 The law |
sends a counterfeiter to the peniten-
tiary when 1t gets its cluto hes on him. |
What ought to be done with him who |
advocates and puts out a dollar worth |
way place between this temple of JUS
tice and the penitentiary he should be
sent to that. A coUnterfeiter is a felon,
but the halfway counterfeiter is a
fnancier. (Applause)
If [ believed the silver dollar was a
{ dishonest dollar I would not be willing
to leave one of them in circulation
when that sun goes down today. Not
as long as I claim 10 be an honest
man. But I don't believe it. What do
you mean by an honest dollar? 1 be-
lieve that an honest dollar is that
coin which represents one hundred
cents worth of your labor or the pro-
duct of your labor-anything that In
the open markets of the world will buy
one hundred cents worth of an honest
mans sweat or the product of an hon
est mans toll. / think that is an hon.
est dollar which will pay one hundred
cents OF an honest debt, and I do not
think that all money is dishonest
except that which represents the
claim asserted by the gold