Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1895-06-21
JUDGE M'CONNELL'S TALK.
Fight Should BE Pushed with VigOr-
This Country Can Stand Alone.

JUDGE M'CON " ELLIS IALhs
Fight Should BE Pushed with Vigor-
This Country Can Stand Alone.
Judge Samuel L. Mcdonnell. of Chi
cagO, the permanent chairman Of the
Illinois free silver convention, said:
At the very beginning of this contest let
make up our minds that we won't be fright
ened by nursery tales. and that We won't
give up our light because they call us names
Let US bear in mind. in view Of the direfu
predictions Of the mOnOmetallists that we
haven't much gold at present: and that what
little we have we bought with per cent
gold Understanding bonds-and that even
what little we have we keep through the
courtesy of Baron Rothschild and Mr.. Nor
gan. Remember all the time we are not only
depressing trade, but straininS our financial
resources, To perpetuate IL financial system
which we don't believe in. and which We
never knowingly established. We are try
ing 10 pretend that we have plenty of gold
10 redeem all our Obligations and yet we
know-or ought to know-that with any con-
| certed demand upon the treasury we would
| be Immediately bankrupt. That Is true, 100.
of any nation pretending to Il gold standard
system. We are demanding the restoration
OF silver as redemption money in order that
our system may be more honest and less pre-
| tentious. The monometallist gains nothing
| iIr the argument when he says that with
silver restored gold would sell at premium,
! when, as Il matter of fact now, we couldn't
! get gold enough at any price 10 pay our
treasury notes in that metal; and when "a
matter Of fact, the government has had
| no gold in the treasury which it did not OBJ
| tain at high price.
But, gentlemen, why will gold be worth
| more after the reconciliation of silver: Can
| any one say that because great nation OF
seventy million of people decide to coin sill
yer into money, and all they get or it, the
! result will be to make gold more valuable?
If corn by any invention could be made To
! serve all the purposes of wheat. the tendency
! certainly would be 10 make corn dearer or
wheat cheaper. We produce one-third oil all
the silver which now reaches the markets
OF the world. If we keep it all and make
| money of Ii, certainly silver Will be worth
more-and just as surely GOLD worth less-in
! every market of the world. The demand for
! gold Will be less. The demand for silver VIII
| be just the same in Europe and the East,
while the supply will be reduced one-third.
| because we have ceased to export.
Even on the theory of the gold-Standar,l
men. we either have now too little or too
| much to play the bluff game Of pretending To
| have what we have not. and what we could
| not get if we tried, all we need 10 do is 20
make little more pretense and sell part of
| our gold metal for finger rings and dinner
| services We must come To one thing or tho
other to be consstent-either more or less
| of primary money. Our financial system to-
| day is only worse than the wooden guns AMI
| stuffed clothes employed sometimes in war
| to deceive an enemy, because our prctenses
as to what we are able To do are so childish
they can mislead no one. As Il nation we
| stand all the time on the edge OF panic and
| bankruptcy, ana are spared from IL only be-
| cause those who could bring to that condi-
ton at present see no good result 10 them
| selves in the very easy achievement
very large number of very honest and
intelligent men sincerely In favor of the free
coinage of both gold and silver. seem 10 think
| that we cannot sustain our monetary system
| without the aid of other nations. and have
| been more or less patiently waiting fer some
! international agreement upon the matter of
| ratios. With the greatest respect 10 these
gentlemen entirely disagree with them. |
n # hot n
| or other nations agree with US or not. We
| shall sell neither our silver nor our gold dol
| lars to these other nations We never have
| When we pass the national boundaries our
| mOney-whethcr silver colds treated
like our wheat or our corn, for what Ii is
worth. Neither our gold nor our silver dol
lars are. and never were. legal tender be-
yond Our own territorial limits. Money Is
Il domestic servant merely.
International agreement is by no means
necessary. The Paris conference of 1878 re-
solved that the selection for of one or
the other of the metals, or both Simultaneous
ly, should be governed by the special position
OF each State or group of States. The great
iinancicrs composing that conference evil
IDENTIFY did not reach the conclusion which
some of our American bimetallists have.
They evidently realized what ought to
understand-that n nation like ours, the
richest in the world. producing onethird Of
all the world produces, can regulate its cwn
financial system, and do so without universal
consent. 1t is quite apparent anyway that
IL we want other nations to remonetze sill
! YER we can compel them to do so more easily
than can persuade them. We are not
Gripping ourselves when we remonetize sill
| yer. We are arrcstinS the evils produced
by a scanty supply of the medium of ex-
change; we are checking the downward ten
iency of prices; we are giving enterprise
encouragement. youth a chance. the debtor
hope and bestowing value and use upon enc
OF our largest products.
Other nations will not eeayc us alone to
enjoy the advantages Of n double standard,
for we shall. in the language Of the great
Hamilton. present to the world "a com
parison of the benefits of full with the evils
not been easy or content with her gold stand
ard. for her great Prime Minister, Disraeii.
said "Our gold standard Is not the cause
of our commercial prosperity, but the con-
sequence of it. 1t served our purpose rs
long other nations chose to take or give
us silver at steady gold price; but from the
moment our policy was initiated In Germany
i'm 1873, by describing silver. this country
began suffering n loss which cannot be esti
mated. Nor will the country which Initiated
us with the fruit of its war with France with
he an incredible misfortune 10 its people -
In fufllment Of the great Minister'S predlc.
tior England severely feels the torture of the
| single gold standard, and Germany-bur,
dened with dstress-is seeking to return to
the equal use of silver and gold.
The time has come to rebuke those who
distrust the wisdom OF the people and accept
the selfish wisdom OF the money changer and
the bondhoder. The time has come now fol-
us to be definite in demand-and resolute In
exacting obedience from our official servants
We must say-and say Ii with the voice Of
command-that we demand the remonetiza
ton of silver at the ratio established by law
The system we want restored has been ap
proved by long experience has been sane
, toned by our progress. Is justified by our
situation. and Is necessary to our national
independence and prosperity. We mast rid
ourselves Of the veto power Of New York
and London. Let the people command and
orr official servants must obey.