Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1895-10-23
SUITS Tit BANKERS
Judge Aldridge Boldly Assailed
the Cause 81 BImetallism
VIZ Is cBEEeED 70 THE ECHO
Doclarxd That tho slxseen 40 0ne, Nos
the Gold Advocates, Ars shs
Neal monometnllists.

Atlanta, Ca. Oct. ie.--,The second ses-
sion Of the American Bankers Associa-
tIon waa called 10 order this morning
by President o'Dell. chairman. u. W.
Puiien read extenaive reports from the
executive council Ia reference 70 the
proposed change IN the wording OF the
constitution. Banker Aidridge read
paper IN opposition 70 the free coinage
o. silver
''Tha proposition that this govern
ment should coin silver for che world
In an unlimited amount at double it's
market value Ia 80 repugnant 20 the
common sense OF mankind" said Mr..
AldridKe. s'that 1t ought 70 be unneces-
aary to discuss Il. and would be but
for the fact that a portion Of our peo-
pie have been minled by appeals to their
prejudice"
He pointed ont that the leading na-
tons Of the earth. after testing silver
for hundreds or years, voluntarily
adopted the single gold standard and
that no nation today has the silver
standard from choice.
''srhe gold. standard advocates be-
lieve ia gold Az q standard with the
the people. The IS 10 dreamers believe
In the so-calied double standard and we
are driven by this law to the use OF sill
yer alone. All gold standard countries
use large amounts OF silver and no
silver standard countries use any gold
whatever. A. the practical question
IL on. the use of metals. II follows that
we are the bimetallisfa, ana the 10 TO !
people are the monometaliists. Hence
the battle that is 20 be fought to q
finish next year IL whether we win re-
main under gold standard with actual
bimetaiiism In use among our people,
gold and silver circulating freely with
out Discrimination against either, or
shall we have q s0-ealied double stand
ard at the minis and nowhere else,
with silver metnIlism In actual use
The battle ia between substance and
shadow. between thoea who want hi.
metaiiism In fact and those who want
II IN name only. We are the friends OF
silver money. who would bring 10 la
aid the power az the government Il
keep II good and they are its enemies
who by unlimited coinage would take
from Il the guaranty OF purity and
thereby degrade Il TO les market value,
sour government has been and Il
now coining silver az the ratio Of t8 Il
/. Itia enabled to 40 this because undei
the law Il can restrict the amount coin
ga and being vested with tals contrp
u undertakes 60 make every dollai
good money. The moment the govern
ment loses control OF the coinage, th'
confidence IN its ability 10 protect th'
money issue Ii gone. and q silver dol
lar then rests on its merits, and 4
worth 50 cents"
In REPUTATION of the contention tina
gold has appreciated and deprecated
prices. he pointed out that no two arti
cles have declined at the same time o.
IN the same degree nor has any ar
ticIe mentioned remained uniformly de-
pressed. and therefore but one control
ling cause can be assigned for theEs
results.
Continuing. he said: Interest has de-
clined since Is7a IN my part OF the
country from per cent per month e
8 and per cent per annum. Theirs
~ NO denying the fact that Roldbugl
did that. the south and weat have
saved more on the decline OF Interest
than they have lost Ia the decline OF
wheat and cotton. Interest IL always
low under an honest standard. among
an honest people. where money n plen.
tiful. II Is lower IN London than Il
any other spot on the globe becauss
her standard Il stable and her CONNER.
cial integrity has been the care Of hei
statesmen and her people for pas
ages.
ON REPUTATION.
Mr.. Aldridga charged that IL vas re.
pudiatlon OK debt and not free coin.
age that the IS to men are after, and
said. ALLOW me to say In conclusion
that our country IL In no danger 81
reputation. This iB 10 coinage clamOl
ia but enc Of the manifestations Of hard
times. brought on BY the late panic
on the i0wlands In the night thine, l
deadly mlaama accumulates. but when
the bright sun climbs over the hill top
and shoots It's purifying rays into tn
marshes, the miasma Il dispelleG. IN
atmosphere II sweefaned and mad
wholesome and men go forth % thei
daily avOcRtiens with the assurance O
health. La aplle Of the iams that havp
afiiicted US. III spite u dcmagnglsm ol
the stump and Ia the legislative halls
the country Is rapidly advancing. GU
factories are taxed to their utmost witt
orders and the wages Of their employe
have been everywhere voIuntaril,
raised. Prices that have been depress
ed BY fhe panic are improving. slniste
discomfort. with all her impa. & fieeln,
before the benign presence OF prosperl
~. and In after years the heresies o
today viii only be remembered as
troubled dream. The American peopl
are honest and patriotic. Upon tn
rock We build our faith and all IN
ages and agencies Of truth are our
for the superztructure."
AT the conclusion of Judge Afaridge'
speech. the enthusiasm which IL oc
caHioned broke out again Ia tire
hearty cheers.
The convention adjourned until s.s
g. M tomorrow.
every CITY SHOWS AN lNcREAs