Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-04-30
DOLLAR OF our DADS
Will Be Restored In White Metal,
b. According 10 Voorhees,.
Endangered Only by Greed
and Unholy Speculation.
Indiana Senator Tells Whore We Thinks Ad.
j. vantage Can es Gained

1sDIASAPoIIS April So-Ths Washing
ton correspondent Of The Sentinel gives
the following ~ the views Of Senator
VOORHEES, on the silver question;
'Ths real and vital issue now presented
70 the American people is the proposed
elimination OF silver from our currency,
It's total overthrow and destruction az .
money metal and tho use of gold alone.
This movement means the destruction OF
one-half Of the ebt-paying money to the
United States and the world. II 10 should
be successful, 10 will double burdens of
every debtor and multiply tho gains and
income OF every creditor wherever the sun
shines.
"Ths debts of the American people at
this time, both public and private, are
appalling In amount. They have been
contracted on bimetallio basis and II is
now proposed to make them pay ablo on
the basis Of gold alone. The two metals
also constitute the specie basis for such
paper currency as may be put In circula-
tion. II silver money Is destroyed, paper
circulation must be contracted In that
proportion. Every form and kind Of
money must become that much scarcer
and harder to get In exchange for labor
and the products or labor.
"Such u policy Is to my mind simply
horrible. have not q particle of doubt as
to the result Of the contest now going OH.
The enemies of silver will be driven to the
wall. Silver money will not only survive,
but 1t will be fully restored to its old
place as leading and controlling factor
in the development and tho
Progress Of the Country.
"Nor have any fear for the future
strength and harmony Of the Democratic
party. Some men may discard It's princi.
pies and abandon It's equalization. but
others will take their places. I have been
In favor Of tho free coinage Of silver at
the ratio dxed By Jefferson all my life,
and whatever others may do I shall neither
abandon my principles nor my party.
Danger from the coinage and the use
of silver a. money In this country never
occurred to the sane mind until greed,
avarice and unhOly speculation reared their
serpent head and aimed Vicious, deadly
blow at the honored dollar Of the fathers
In 1873. Since that tame We have had
nothing but financial vexstion. distrust,
depression and ruinous panics.
'Ths five years which Immediately fol-
lowed tho demonetising Of silver In 1873
were freighted with more calamity and
uuAoElu8 On Vn0 poXV Va AoUOKAu8 ouo
producing people than was ever before
known In this country. A wave Of oon-
6scation swept over the country annihi.
lating values, deprlvina labor Of its re-
ward, destroying all market prices for
property, except such - were bid at
sheriffs' sales. Nor did this wretchsd oon-
dition of affairs show any signs Of i'm
provsment until the partial restoration Of
silver to its money functions took place In
1879.
'Tf am told that silver bullion as q
marketable commodity at this time CON-
mands q low price, my answer is that IL
gold had been conspired against as per.
sistently, and assailed by foul means as
we'll as fair for nearly . quarter Of q oen-
turv past, 1t would be In a far worse Grip
pied condition than silver. No other
form of money
On tho Face Of the Earth
could have wlthstood, as silver has done,
such q malignant, unsparing crusade as
the last 20 years have witnessed in this
country.
"Ths need Of the white metal In the
hands Of the people is even greater now
than ever before. There Is scarcely a.
speck Of gold in sight OF the laborlng
classes.
With silver demonetizod, plain people,
the wage-workers and those who raise and
sell the produce Of the soil will handle
specie money no more and will catch even
q glimpse Of IL but seldom. Gold will be
boarded and hid away In the vaults Of the
great magnates Of wealth, and the people
In their business will be put on the half
rations Of papor money to which the
shrinkags and non. traction from a basis
of bimetallism to basis Of monomotallism
will reduce the money.
If the free and unlimited coinage Of
silver as full Aled legal tender money, and
~ q standard Of statutes and the unit Of
account and payment without word Of
international agreement on the subject
will put this country on silver basis,
then we were on such . basis every day
and hour since the passage Of tho first
coinage act on April 1. t792, until the de-
monetization act Of February, 1S73 q
period Of 81 years, during which we rose
from weakness to the foremost rank
among the nations of the earth.
II commend to all croakers In regard to
silver basis careful reading of the act Of
April Q, 17y9, formulated by Hamilton
and Jefferson and approved By Washing
ton"
:, Ex.Mayor Wsds Senator's Daughter. .'-~
WASHINGTON. April 80.-Miss Julia
Murphy and Hugh J. Grant, sx mayor Of