Capital journal. (Salem, Or.) 1893-1895, 1895-11-05
E FOR BIMETALLISN.
-
'u'se Neal, an lnlinana Repub-
llcap, Wants II.
IHR9UGH COMMERCIAL RELATIONS
we Can FOrcc Gold Countries 70
an international Agreement.
Lludge Neal in Lebanon. Ind p......

'"o Boou OF the people thu
tne " b. government adopt the fr,
coinage into money Of both gold an
silver on equal terms. What I me.
: by money is full legal money. Nothin
Is money only that which the law ,
! the government declares to be none,
AND the law Of the government ia IN
only fat that can make money of any
thingi ann whatever the law declare
to be legal tender money is money
end nothing else Is. Without the Law
gold is no more money than lead O
iron. Even our coin lie not legal tende
money In any other country. It 1
only an article of value like any othe
article OF commerce. In the constitu.
ton OF the U. 3. II is declsred that n,
state shall "make anything but golc
and silver tender in payment O
debts" This Is a restriction on tb,
states. But the constitution declare,
that congress shall have power "te
coin money and regulate the value
thereof" And from the beginning of
the government to the present, con.
gress exercising the sovereign power of
the nation, has made full legal tender
money out Of both gold and silver, and
has even made full legal tender mon
ey out Of paper, aud the supreme court
OF the y. 3. has decided that the gov.
ernment could make legal tender mon
ey out Of paper. The sovereign power
OF every nation can make money out of
anything. Any man who has ex-
amined the subject knows that these
propositions are true. Let 1t be under
stood that In the writer's opinion this
monetary question is paramount to all
the mere partisan considerations. 1t is
a question for the patriot, and rises In
Importance above all patriotic alleg-
lance.
Is 1t practlcable2 Is 1t safe? VIII It
be promotive OF the welfare of the peo-
pie Of this country for the government
to adopt the free coinage of both gold
and silver on equal terms? 1 answer
yes. Must the free coinage of the silver
necessarily "lead to silver monometall.
ism~ Why must the free coinage of
both gold and silver lead 10 "silver
monometallism?" We admit that more
than two-thirds of all people on earth,
use silver as legal tender money; but
why must the free coinage of silver
lead to silver monometallism? This
question is not to be answered by me 10
Gold Is no more money
han silver, lead iron or copper, only as
I is made money by law. Yes; but
he objector says gold is more valuable
ls a metal than the other metals, and
hat It Is scarcer than silver. Golcon-
Ia diamonds are more valuable as COM
nerce than gold aud less In quantity.
s.this any reason, THAT the. value Of all
hlngs shall be based on these dls-
nonds2 But the objectOr says the
United States can not adopt the free
oinage Of silver. because the great
nations Of the world, OPP
'ose il, and will not recognize silver as
money. This statement is noe only
allAcy, but 1t is puerile.
What great commercial nations DEM
nd and are trying to compel the other
atlons of the world to adopt gold
nc cnometallism? Do England and
the two great creditor ma
Ions constitute the only great nations
n the globe? England has a popula-
on on III little island home Of about
hirty two millions OF people, aud
Iermany has a population Of about
,rty.slx millions. Both Of these credl' ,
,r nations are determined on inforc-
~ gold monometallsm, why? because
lch a standard being adopted and en-
,rcrd, would double the value OF the
ebts which the other nations owe
,ngland and Germany. The great :
nancier, the president Of the bank ~ y
rance says, that II you demone'.z E