The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-05-28
REGRETTED BY FRIENDS.
A Catholic Editor Saws the
Prelate Has Made His
First Error.
SIDES WITH THE CLASSES.
Mildly Denounced as the Advocate
of a System Which Wrought
Ruin In Ireland.

DENVER, CoLo., May 27.-Rev. T. II.
Malone of this city, editor of the Colorado
Catholic, in an interview to-day concern
ing the statements of Archbishop Ireland
made in Chicago last Saturday in regard to
the money question, said in part:
1t has been pleasure in the past to agree
with Archbishop Ireland on many questions of
ecclesiastical and educational policy, put feel
1t duty to affirm disagreement with him on
the views which he has enunciated on the
money question. Admirers of the Bishop can
not but regret that he has seen fit to iden-
thy himself on this question with the classes
as against the masses; as with the rich against
the poor; with the Rothschilds of the world as
against the toiling millions, and that he has
seen mt TO advocate system of finance which
Archbishop Walsh says has wrought ruin and
havoc to Ireland-a system which Archbishop
Walsh, himself bimetallist, and hundreds of
thousands in this country feel may bring the
same ruin to the United States if continued in
force here.
Archbishop Ireland's interview in the Chi
cago Times-Herald shows conclustvely that his
Grace does not fully appreciate the position of
the bimetallists of the country. One not ia
miliar with the bimetallic problem would infer
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 lead
most careful thought. 1t is hardly likely that
such an eminent thinker as Archbishop Walsh
OF Dublin should be carried away by what
Arch bishop Ireland calls q "craze."
Archbishop Ireland has given out no argu-
ments, but merely made statements against
bimetallism, while Archbishop Walsh has
founded his opinions in favor of a bimetallic
standard on principle and argument. There
fore it seems to me that the Archbishop of
Dublin. who has the Of
gold monometallism, is a safer guide than the
Arch bishop of st. Paul.
The first point stated by his Grace is that
blmetallism is impracticable in the United
States, because we are borrowing nation.
But did he ever ask himself why we are q bor-
rowing 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
Europe. These gold gamblers practically con-
troll 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
Qaye to sell.
Bimetallists object to the gold standard be-
cause it is a constantly approaching standard.
1t does not Justly measure debts. 1t has q ten
dency to keep the commercial world in state
OF instability Bimetallism would do away
with these evils. Not only that, but 1t would
free our financial system from the clutches of
the heartless gold gamblers who are now striv-
ingto secure control of the money systems of
the nations OF the civilized world Bimetallism
would make it possible for US to have enough
money in circulation to do the business of the
country; consequently we would not need to
depend upon the money of the European
mOney-sharks.
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 l of gold, there
can be, under the bimetallic standard, no such
thing as 50-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
thatthe countryis big enough and grand enough
to have its own system of finance. Bimetallism