The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-05-03

cessity eliminates from their ranks all
who heretofore have struggled to bring
about a larger use Of silver in the
eountry's currency at an Ia
creased ratio, and drives into
the camp of the opposition
every honest champion of interna-
tional bimetallism. The plan laid is
of their own making; the issue of their
own choosing, and in the face of their
acts the believer in the single gold
standard, and the believer in stand
ard of both gold and silver should give
them neither aid nor succor. They
challenge the one and repudiate the
other, and from both should come
unit opposition.
1.-THE contention which is now made
by the single silver standard adherents
reduced to it's last analysis is silver
fatism pure and simple. It differs in
degree only and not in principle from
the contention of twenty years ago of
the advocate of the unlimited issue of
irredeemable green backs, and from
that of the issuer of the fat currency
of the period of the continental con-
gress and the era of colonialism. It is
the theory of the socialist and populist
applied to monetary science. It is
based upon the belief in what has been
apt1y termed the all powerfulness' of
the state and is in utter disregard
of that great fact in financial his
tory that mediums of exchange and
standards of value did not find
their origin in law, but were born of
the needs of trade and commerce. The
end always sought by commerce, the
great arbiter of every monetary system
since the dawn of civilization, has been
to have in every metallic money such
intrinsic value as makes the unstamped
coin of the same value as a commodity
of merchandise as the stamped. It has
with equal rigor insisted that in bank
currency there shall be immediate re-
demption upon presentation in sound
metallic currency. It involves in be-
half of the money which it
sanctions and accepts no alchemist
and believes in no philosophers
stone. The commercial world has,
with unvarying precision, drawn the
true distinction which exists between
true value in a nations currency and
the sign of value affixed to it, and
standing upon that line of demarca-
ton it has been as Indifferent to the
laws of great nations as of small. If
the standard of value upon which a Il
commercial transactions are based is
made uncertain by any experimental
legislation; if capital becomes alarmed
and credit once more restricted, the
magnificent temple which has been
here dedicated to the uses of commerce
will be of little avail, for there is no
commerce where faith is wanting in
country's medium of exchange and
trading reduced to mere betting. The
question to which the friends of the
maintenance of a medium of exchange
of unquestioned and unquestiona bic
value must address themselves is not
how to temporarily defeat the advo-
Gates of free coinage of silver as they
now present it, but how to perma-
nently insure the country against the
danger which would flow from crystal
Hzing into law any money suggestion
| which is based in whole or in part
upon the doctrine of fatism.
1.-The forces of fat silver currency,
of irredeemable paper and their popu-
| listic allies can be permanently eradi-
Gated as factors worthy of consider
alton and sources of discomfort and
financial loss in but one way, and that
lies through the gateway of sound
| monetary education. To this work
| the individual and the nations good
demands that in season and out there
be such labor performed as shall at no
distant day result in their being beaten
squarely upon the issues for which
| they stand and the country rid of the
| disaster attendant upon their hope of
ultimate success