The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-05-28

Denver, May 27.-Rev. T. H. Malone.
of tiiis city, editor of the Colorado
Catholic, in an interview today, con-
corning the statement Of Archbishop
ireland made in Chicago last Saturday
in regard to the money question said
IN part:
cit has been a pleasure in the past
to agree with Archbishop Ireland on
many questions Of ecclesiastical and
educational policy, but I feel it a duty
to affirm a disagreement with him on
the views which he has enunciated on
the money question. Admirers of Arch
bishop ireland cannot but deeply regret
that he has seen fit to identify himself
On this question with the classes as
a Aainst the masses; as with the rich as
against the poor; with the Rothschilds
OF the world as against the toiling
millions, and that he has seen fit to
advocate a system of finance which
Archbishop Walsh says has wrought
ruin and havoc to Ireland-a system
bimeta list, and hundreds of thousands
in this country feel may bring the
same ruin to the United States if con-
tinued in force here.
He Doesn't Know.
Archbishop Ireland's interview in
the Chicago Times-Herald shows con-
ciGsSSSsSssly that his grace does not fully
apprSAfe the position of the bimetal-
lists rhe country. One not familiar
with the 'bimetallic problem would in
fer from the archbishop's article that
what he pleases to term the silver
craze is confined TO America solely,
while the fact is that the leading
thinkers Of the world are giving it
their most careful thought. 1t Is
hardly likely that such an eminent
thinker as Archbishop Walsh, of Dub
lin. would be carried away by what
Archbishop Ireland calls 81 craze
Archbishop Ireland has given out
no arguments, but merely made state.
ments against bimetallism, while Arch
bishop Walsh has founded his opinions
in favor of a bimetallic standard on
principle and argument. Therefore, it
seems to me that the archbishop OF
Dublin, who has seen the ruinous
effects of gold monometallism, is a
safer guide than the archbishop of St.
Panis
A Pertinent queey.
1.-THE first point stated by his grace
is that bimetallism is impracticabIe
in the United States, because we are
borrowing nation. But did he ever
ask himself why we are a borrowing
nation? He evidently never did or
he surely would see that the fact that
we are on a gold basis compels US TO
borrow our money from Lombard
street and the Rothschilds. Who owns
the gold of the world? Not the United
States, but few gold gamblers of Eu-
rope. These gold gamblers practic-
ally control the money of the United
States, and they have it in their
power to destroy, at any time they
wish, the value of all the commodities
We have to sell. Bimetallists object to
the gold standard because it is con-
stantly approaching standard. 1t does
not justly measure debts. 1t has a
tendency to keep the commercial world
in a state of instability. Bimetallism
would do away with these evils. Not
onIS<ahat but it would free our finan-
cial Nystem from the clutches of the
heat tless gold gamblers who are now
striving 10 secure control of the money
systems of the nations of the civilized
world. Bimetallism would make it
possible for US 10 have enough money
il circulation to do the business of
the country; consequently we would
not need to depend upon the money
Of the European money sharks.
Not Too Much.
THE United States can use all the
silver in the world and then not have
enough. AS the United States can
create an unlimited demand for silver
at the ratio Of 16 to 1 of gold, there
car be, under the bimetallic standard, |
no such thing as a fifty cent dollar. |
This being true, all the evils his grace |
fears would follow from bimetallism |
exist only in his own mind.
The people of the United States, |
are at last. thank God, awakening to |
the dangers which surround them.
They are beginning to realize that |
the country IS big enough and grand !
encGgh to have its own system of !
fin2 nee. Bimetallism brings hope in !
10 the breasts of the common people, |
whether in the east on in the west. |
1t is not confined to any section or
country. When it comes, and come
1t must, ii will bring happiness and |
contentment to replace the poverty |
and discomfort brought upon our
country by the adoption of gold mono
mesallism.
pn questions of finance 1 am con-
f5ent that the Catholics of the coun- I
tGv will follow the sound views of
Archbishop Walsh in preference to
the views of Rothschild and the
money sharks of the world as coun-
selled by Archbishop Ireland
Whenever the Government wants