Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-06-12

muiul iu 10, nothing could DO more dis
hune,t. According TO that test there
is not And canuot be an honest dollar
oi either silver or gold, nor any honest
part or fraction OF the same ne Tor tic
nickel &c IL viler than tbs dime, ana
the honest penny Il banished forever.
According 10 this rrmu tclt and
rule nud coinage, thOre Is not Nh hon
cst coin In the treasury, there 10 not a
piece OF sound, sale money In the
country.
ADDRESS ~ DELwAH.
Mr.. Chairmau-Amidst tho conflict
OF monetary theories, doctrines and az
sumptions which divide the American
people, nay tho entire civilized world.
eau discern but single principle upon
which all parties unite and that Is sla.
billy. All nVreo IN the cardinal priH-
oiple that . monastery system, II " N
10 be- lust and equitable ia the opera.
ton, should bs stgUlC. IL should atofi
q reasonable assurance 20 the buyer,
tho seller, the debtor, the creditor, the
producer, the C1nsumCr Tho auuultant,
tho peusionor, and the wage ratuur,
that 10 will work no essential, no vlu.
lent, no revolutionary risr OF fell ~
priccs; 70 that men may buy aud sell,
contract, undertake and plan Tor the
future upon n more or lgfs assured and
enduring basi9.
ltis because am PROFOUNDLY con.
vluCcd that any Fydjum Of money
which does not pliut % suh8iauilBl
stability OF prices 10 destined 10 snor1y
overthrow, tuat I stand hero today 10
support tho demand Tor restoration o.
tue ancient coinage laws VI the Re-
public.
AZ no time 10 tho history 4 the
world have such enormous, such inc.
qultablu, such widHprs.', ! may ~.
most say such connie disturbances o.
prices, such uui0ragunguio aud unic.
served ChaugeB .i fortune ana OppIf.
tunity occurred 90 hav0 occurred since
the evil day-u0w B3me Thirty years
agn-when tho c0ina g o, oliver began
90 be checked through sut tue civilized
world.
tbs fc', which nobody hga ques.
toned, that more than hall oil tnr
c9mbinei circulation o. al states Of
the Occidcut coUslstg of legal tender
paper n1'pt; the fac. which all admit
that over % per cant OF all tho ca.
changes OF tho world are transacted,
not with money, whether Of metal or
VI paper. but with mere orders Tor
money, BgCh A. checks aud bills Of cN.
change. These faC,H, together with
others, prove that metallic coin,
though made u both silver anu
gold, are quite inadequate O.
instantly measure tho parity OF
exchanges, 40 that the coin has 10 Hc
sked Out not only with paper money,
but also, anu eth more largely, win
OfdeTB Hul promises Of money, which,
buiug limited In circulation 10 one OF
two pert0uB aud slow OF movement at
that, have 10 he continually drawn,
destroyed Rui rudrawn, La short, the
grJwtn u commerce during this CEN
fury VI steam and electricity has been
W enormous that the equity OF rx.
changes has come 10 rusl chiefly upon
paper money aud private orders f0F
paper money, the latter affecting TO DO
r&rnaugusbls Or promising to be TX
chBDgcu on demand for coins Of gold Or
hiivrf.
Concerning the history Of tho do.
mOnutizltlon Of silver, / am here u
untold II 10 you, because Ia II liz con.
tHiurd the regulation of those false and
tIait1tOus cries OF "unintUttstel mt
tvrs,n "dishontst money! and tho
like with which tho friends OF reslora.
ZION have boon nHsailtd.
Tho m.ngtary commission OF 1870,
with waiUn was connected, reported
that the acts o. 1873 was uuu OF them
pissed suggeptitdusiy, and tho other
upon iIas or erroneous asaufAucsa.
Inis has .inoe boon vehcmuutly de.
uiuI. 1 am going TO show you not
only hat tue commission was Tlght, tut
that these acts were tue issue " Eu.
fupghn Intrigue.
a. the ruJd " this legislation tho
ratio VI yliura 40 which silver Hud gold
were putchAsvd ani coined ~ tue
Fsruch miuls was lbl weight Tor one;
a. tho United States 10 20 /. In c0u.
sequence OF this difference (abUut 3 per
cent? those whO had silver 10 c0iu sent
It o. Paris, rather than TO Philadelphln,
OF New Orleans. Had the opposition
10 tue cOinlgB OF dollars IN TWO metals
ana the preference lot ono motsl over
tho other been OF AmegiCau Otigin the
oao metal chosen would inevitably
have bCUn silver because in fact the
silver dollar was worth por cent more
than tue gold Ous anu because the
bUnuha l1ers who notariOusly promoted
auu supported the legislation OF 1871
would no more have preferred GOLD
dollar then than they would silver
dollar now. But IN France, indeed
iu Europe generally, whose minls and
markets commonly followed the vast
Colnages ~ France, tna gold anu silver
coins VI like denomination were OF pre-
cisely equal value. Hence 10 tue
European holder Of an American bond
30 lob3'3 It maze no difference whether
he was paid ~ gold Or silver coin, pro.
Nidei-snd this was the point essen.
tlnlly Important TO his interest OF
avidity--pfoyided that tho debtor wac
deprived oil the option OF paying Ia
uolns OF tbs other metal. The prefer
cnce of gold was certainly nst AmsTi-
can, because ut the American minls'
ratio goll d0llars when mUlIed dow u
were Uny worth ninety-ssyen cents.
IL was therefore European. We shall
presently see why tneso "cheapet''
dollars were preferable 10 silver ones.
Under tnu O0ue Napoleon, It wssex.
pllCitly laid down that all dehla, taxes
ana contracts Tor sums Of money, no
matter In what other teTniH expressed.
were legally aud equi,Aoly dnchArgo.
able IN tins current mDney OF like de-
nominations upon the day Of payment.
lhlH principle came down fgOm tue
Roman COMMUNICATE; it wasTvsUtvrd
by paulus in tue Digest; Ne YVES up.
held by all the CJuHuls OF the omplre
oud Oi the various provinces anu King.
JOINS intO which tnu empire aiterwafd,
split; II was supported WIKI great um-
uhhHia aud etuditiuu by SIR Matthew