New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-20


Constitutional power and the moral right to create
worthless and compel the people TO receive 1t in
payment for their labor and products ana In me
considerations and upon different standard; but
the free coinage Of ega-tender silver as now pro;
results than the issue OF egaltender United States
notes. - - o. ., a,souss tho
question OF free coinage. | do not underestimate
the importance of that subject. or mean to init
on even debase o onf andaa Of value
abandoned or suspended. On the contrary. i think
tbe aha udonment or suspension OF the aggressive
Movement rne against this financial heresy would be
most unwse at this time especially IN view OF me
ing made in the South and West to regain the
ground lost during the last six months II me
erlends Of sound and stable measure or value are
iDiiant and active this effort cannot possibly sue
ceed and the question Will soon recede IRON m ine
Tor political discussion in contests for local offices
tApplause) But the United states iegal,tend noe
tenn and embarrass the Government until the peo-
pie through their representatives IN Uoh bn rs
tired and some other form Of currency substitute
In their place. at least so iar a. ~, s,i,n,Ion
LEGISLATION REQUIRED.
=, 49,. on,n,on. legislation in this direction at
rho earliest possible day is imperatvely demanded
nv everv substantial interest in the country. and
,,s nostnonement upon any pretext OF political ex-
pedency upon the assumption IN antahce onh
no no ,n sav ne least. very grave mistake Cap
pause) There Is 10 o'n nea CONFLICT Of interest
among our citizens In fact It concerns ,ne ma ma
teria welfare of all the peoplo rnr re for the
WoiA ar Of life no less than the men who live
nv ,rade or on the profits OF invested capital TAP
panncblv speaking. our people may be divided into
two great classes-those VINO Cor a'c consumntjon and
~ ho Who are directly indirectly. engaged In the
,S,,oSs Of exchanging those commodities IN the
IT, hat thecp
Me are mutually dependent Is seIi-svi1eh,, ,
no greater mistake could poasioy, he oe 6oniinn or
ny p,onence Of policy that would break down or
embarrass the business OF the Tu the
for their purchase and sale by issuing notes and
dscouniins drafts and bills A ~ the MACHINERY
Which finally places the products OF labor IN tne
hands OF the consumer ana snantes eu' he mar
a aad IN which their commodities will command the
highest prices Neither the could" be c worth Very
much If there were railroads to carry H. OF no
merchants or bankers TO supply plaus e' 'o' ~
rur,p INTERESTS INTERDEPENDENT
Tho merchant and banker cannot prosper when
the farmer and mechanic are idle or only partially
,orIoved nor can the farmer or mechanic prosper
when the operations OF the merchant an banker
are prohibited or Improperly oos'fGcssa con- ne h 's go
c,,rod only bv the most perfect freedom OF pioduc
tion and exchange. and the freedom Of one Is Just
a. - he free in the sense in which use the term
unless ali the Instruments and agencies when ihey
the purpose for which they are designed The
farmer and mechanic must be free 10 use tne Ver1
hest toos and implements and the merchant ana
banker must be free to the very best money
and Instruments of credit. An honest ana staoie
measure of value Is Just necessary 10 polh as
honest and stable measures of weights and quaint,
ties and 1t requires no argumeh -, 10 rsnsac the
ordinary business of the country. tApplauseJ IT.,
The variety and abundance OF our ,r te
r,.viGA If
justify belief thai if we had ASSURED fna1rls
would flow in a steady stream TO our shores ana
would soon be IN cond,on NOT s U1 trade but
to exert controlling influence on the trade Oh inc
world. loud APPLAUSE
MUST BE ACCEPTED ENERYWHERE.
No nation can reasonably hope to control the
,rade of any considerable part Of the word, or
even TO realize the full benefits of its own trade I'M
value recognized sound and permanent IN all the
centres Of and FSSpgsd currenSy or
currency in any respect inferior TO that or other
commercial nations. 1t must always occupy SUD SUD
ordinate and dep ,ndent position. The pound ster-
ling has made London no. only the principal mar
ke but the clearing house OF the whole world o NO
may use no matter what standard OF value they
may adopt all their 1asi "a he pound sterling
and all their international bills OF eAchalsv az g.
naturally attra S 0 To cannon Sn uniform and
Mel measure OF value will be applied to them
own trade but takes toll out OF the international
trade of all other countries, for the s'inpt III
shst tne Of 1ag and the credits Which
them almost necessarily pass through the nanus p
her merchants and bankers WIN an cnntest her
supremacy and the belief that we can Pn,4n, n o
own money of the most remarkable deu srna
of the age daughter and applauseo are sr on
enough and strong enough 10 MAINTAIN our Coi!-
mercial and financial independence In opposition 10
any country in the world but IN Grae ,ns 20
Ties as are employed by our rivals. Scheers1 we
mus, have good money as , dnno saS Se possbe
that the interest Of any part OF our can be- pro-
a,ed NV the use Of cheap and inferior money
and confidently believe that large ma}Smf or, 1 90
our citizens will sustain every lntensen' e"o'' "
improve the condition of the currency
AWAY WITH EQUIvOCATION AND EVASION.
Mr.. President. promised to say but little ana
nerhans ought TO stop here but the situation seems
70 demand or 1T least It seems to justify. one OF
two other suggestions Much OF our hnanciaI u r
BILE has been caused by doubt ana spa mrDn.es of
and abroad concerning the views ana Pu' ppolitcai
our people large and the policies Of r tne Gov
rrnmcn, bv parties and investors in our securities
and in our Industrial and commercial en,erp DTS
MANIFESTATION OF popular opinion especlaly al inc
periods when, under the Constitutions c cnanse Of
vast Importance that these doubts and specula IONS
should Sc rest In order that the wo,id l,as
A.,
tary policy and adjust It's trade and dreGt .s .
cIai ENTERPRISES accordingly Vague ana inaelite
ratops by the great political organizations OF
the country only increase doubt ana afar n's
abroad hut encourage harmful agitation az noIe,
and hold therefore. that II Is the duty OF an MIC
are or who may become In any degree respo', ,h
for the welfare OF the country to INSIST tha ,hei
shall be no further equivocation or EVASION IN our
treatment of this great subject teireat appiausc,
Lei ne have no more ambiguous phrases, no more
Inconsistent and irreconcable clauses In party plat
forms or I'm public utterances, but let us MAKE our
meaning so clear and purpose so plain that
they can be neither misunderstood nor siccessiuny
misreprcsented CONTINUED applause) III major
inv of the people " the United States are IN layor
OF the maintenance OF the present standard OF vaiue
and onnosed 10 the free and unlimited coinage OF
legal lender silver they ought to have an opportun-
iy to say in form which Will preclude ai<9 on
,roversy as to whether they have said so or not On
the other hand If majority OF our people are IN
favor OF abandoning the present standard OF Value
and establishing silver monometalllsm by the free
and unlimited coinage OF that metal INTO run ssa az
tender money they should have an. opportunity 10
say that When this issue Is directly presented we
need not fear the result such an appeal 70 tne
common sense the commercial integrity and the
national pride OF people will not be In yam, ana