The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1895-10-17
Free Coinage of Silver at Is to l
So Repugnant to Com
mon Sense
That 1t Should Not Be Necessary
to Discuss 1t, Says Mr..
Aldredge.
Ex-Governor Merriam's Curren.
cy Plan Creates Interest.
His Suggestion.

ATLANTA, Ga, Oct. 17.-"The propo-
sition that this government should coin
silver for the world in unlimited amount
at double its market value Is so repug-
nant to the common sense of mankind
said Mr. Aldredge in an address at the
bankers convention, that it ought to be
unnecessary to discuss it, And it would
be but for the fact that portion OF our
people have been misled by appeals TO
their prejudice and by the specious reas-
onings of the sophists.
He pointed out that the leading ma
tions Of the earth, after testing silver
for hundreds of years, voluntarily
adopted the single gold standard,
and that no nation today has the
silver standard from choice. The
gold standard advocates believe in
gold as a standard with the largest pos
sible safe use of silver among the peo.
pie. The Is to | dreamers believe IL
the so called double standard and We're
driven by this law to the use Of silver
alone All gold standard countries use
large amounts of silver, and no silver
standard country uses any gold what
ever
who Are the Mononetalists.
AS the practical question is the use OF
the metals, it follows that we are the
bimetallists and the l6 to lpeople are
the monometallists. Hence the battle
that is to be fought to a finish next year
is whether we will remain under gold
standard with actual bimetalism in use
among the people, gold and silver
circulating freely without dlscrlmlna-
ton against either, or shall we have
so-called double standard at the mints
and nowhere else, with silver mono
metallism in actual use? The battle is
between substance and shadow, between
those who want bimetallism i'll fact and
those who want it it in name only. We
are the friends of silver money, who
would bring to its aid the power of the
good, and they are it's enemies who, by
unlimited coinage, would take from it
the guaranty of parity by the govern
ment and thereby degrade it to its
market value
\ Contention Refuted.
In rcfutatiOn Of the contention that
gold has appreciated and deprecated
prices, he pointed ont that no two artl-
cles have declined at the same time or in
the same degree, nor has any article
mentioned remained uniformly de-
pressed, and therefore, but one con-
trolling cu.ls can he IS signed for these
results. Continuing. IL. : nd:
"mtele$t>huS &c med .'ima 1872 in
many parts Of the country from 3 pc.
cent per nu1ltn TO 8 ;.l-U >i;rE cent per
aunum. There is II" denying ,hc fac;
that the gold bugs did th"'. The South
and West have saved u e. the de-
cline Of interest than the have lost in
the decline in wheat an cotton. In
tercSt is always lu1 under al
hoEest standard, a., an hon
est people, where II" IS pl"nt:-
Jul. 1t is lower III don than
in any other spot on TIL iv, bccauS'
her standard IS stable an T CONNER
cidl integrity has been Il care of hel
statesmen and her people t"r geS past.
Repudiation and NJ "ase.
Nh. .Aldredge charge, it Is re-
nudiation Of debt and ut tolnage that
il lG to man is after, ahI said III con
cluslon: ALLOW me IN conclusion tt
say that our country Is III no danger O
repudiation This l6 to Coinage clamo
is but one of the mantle onS OF hare
times, brought on blythe Nanic. On
lOwlands, i'll the night =, IA deadl.
miasma accumulates when th
bright sun climbs over tops, an'
shoots his purifying III The bot
tom. the miaSma is dl The at
mosphere is sweetened dc whole
some, and men go fortL D2,r dlll
avocations with assuranc ulth. Il
spite of all the isms tha Athlete
US, in spite of demagoSi> he stun
and in the legislat nulls, tn
country is rapidly adv" < Our fat
tories are taxed to their ..,lnOSt with OF
ders. and wages of their employees hav
been everywhere voluntarily raiseC
Prices have been depressed by the par
ic, but are improving. Sinister disco1
tent with all her imps is fleeing befol
the benign presence OF prosperity, al
in after years the heresies Of today Wi
only be remembered as a trouble
dream The American u"ople are hol
est and patriotic. Upt this rock "
build our faith, and al the ages an
agencies of truth are oars for the 81
perstructure.
Merriam's Curr. ncy Ian.
The currency plan outlined by Go
ernor Merriam has attracted conside
able attention among lne bankers.
brief, his suggestions ere:
That, say 40 Fer @ i Of the capt
of "a national hank be >e5ted III Unite
States notes. and circs alton be Issue
against the same. the b 3 remain n,y