Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1895-06-14

~ piedSed Jnc Almighty 10 create man.
kind. One hundred cents OF silver to-
day will buy as much in farm products,
or of the machine shop, or of any prod
net of mans sweat and labor as it ever
did buy in all the ages. 1t will not buy
as much gold, grant you. And whyP
Because you have declared that silver
shall no longer be a money metal on
an equality with gold; you have forced
gold mp and silver down by arbitrary,
unwarranted and unrighteous legisla-
ton. A fair way to put the proposition
would be that silver has not shrunk in
value, but gold has risen in value, and
the only explanation of it is that it is
the result of arbitrary, unjust and err
roneous legislation.
But he says that if you remonetize
silver, that is, if you open the minis OF
the country to silver again, every dol.
lar of gold in this country will sprout
wings during the night and take its
fight with the rise of the sun next
morning across the Atlantic ocean;
that you would never see the gold
again; that all the silver of foreign ma
tions will be dumped upon our soil for
this threat before. 1t is the same old
cry of wolf that fails to startle or af-
fright us. In 1878 when we passed the
Bland-Allison bill that gave free coin
age limited to from two to four mill
lion a month, it was not Carlisle but
John Sherman who told us then what
Carlisle tells us now. He told us not
to pass that bill, that every ounce of
foreign silver would be brought to our
mints to be coined and stamped with
the American eagle and that every dol
lar of our gold would take its fight at
once. We did not believe it. did not
believe Mr.. Sherman's prediction then,
/ do not believe Mr.. Carlisle's predic-
ton now. For he is telling us the
same tale that the Ohio senator then
INDUCED in.
False Prophets.
In spite of Mr.. Sherman's' warning
the democratic party in that demo-
cratic house, in 1878 with the aid of
the votes of Mr.. Carlisle and myself,
passed that free coinage bill. A re-
publican president vetoed it. The gold
party was against us then. The gold
party is against us now. 1t is not ex-
actly an accurate statement for me to
say that republican president vetoed
that bill; but counterfeit pinchback
representative of republican presi-
dent did veto that bill. Hayes vetoed
the bill That democratic congress
passed it over his veto by a two-thirds'
vote and rammed it down his throat
and made it the law of this land in
spite of his Veto What happened?
Here stood Sherman's prediction that
all the silver of the worle was coming
here, and all the gold we had was GO
ing away. Neither happened, That
law was in force from 1878 to 1890. We
lived under that Bland-Allison free
silver coinage bill for twelve years.
The official report of the superin-
tendent of the mint shows that no for
eign silver was brought to American
minis for mintage in all that lapse of
twelve long years. The official report
of the secretary of the treasury shows
you that instead of our having lost our
gold, as Sherman said we would, and
as Carlisle to-day declares we will, at
the end of that twelve years of opera
tion of the Bland Allison free coinage
bill, instead of losing your gold you
had three dollars of gold where you
had one to begin with.
Why should your gold go abroad?
Can it find investments more profitable
and more remunerative than here? If
so, it would never come here. The
foreign gold comes to this country be-
cause it gets better interest here than
il could get at home. These English
men and Germans are not so kindly
disposed to us as to send their gold
dollars here for investment simply for
our benefit. They send them here be-
cause they get as much security and
more satisfactory rates of interest
than they get. Your gold would not
go abroad; the other nations of the
world would not send their silver here
They would make nothing if they did;
they would lose by the operation; they
would only pay ocean freights both
ways and add enough silver out of
their private pockets to bring their
ratio up to ours and then go back with
their silver worth exactly what it was
when they started. They are not idiots
Honest" Dollars.
But Mr.. Carlisle tells you that you
must not remonetize silver, because if
you do the banker who has the gold
will go with his gold dollar and buy
So worth of silver and go to the minis
and have it coined into two dollars,
where he originally only had one. Do
you believe such transparent sophistry
as that? If that silver bullion were
worth So, the banker would never buy
it with one dollar of gold unless he was
trading and trafficking with fool.
Why would a man who owned two
dollars worth of silver sell it for one
dollar in gold when he had the same
right to go the American mint and
have two dollars made out of it, as the
gold purchaser would have after the
transaction? You cannot believe that?
But they insist that the silver dollar
is dishonest dollar do not believe
A..k