The Yale expositor., 1895-08-23
PROBLEM OF FINANCE.
FARWELL WOULD
SOLVE 1T.
Campaign for international Bimstaliism
Should lie Inauguratod and Kept Up
Until Public Sentiment Is Thoroughly
Awakened

John V. Farwell, IN Chicago Eecord)
The crime of 1873" became veri-
table HORNETS nest in the recent long
debate. The Immaculate conception"
OF financial wisdom and honesty
brought forth a gold standard, says
Horr. and the child. says Harvey, has
been the incarnation of monetary viii
!ainy, and each is applaudel to the echo.
The Congressional Record has be-
come financial bible, in that any mon
etary sect can turn over its pages and
prove anything TO suit all the high
priests OF finance. Even the sanity
| Tribune's columns have been subsi-
died by the "Harveyized steel process"
into saying things on both sides of the
criminal Indictment against congress
hardened sinner that she is-if Harvey
Is to be believed.
Horn is Mortified by Harveys sug-
Gestion that any criminal intent lurked
In silver characterization through the
child-like and bland Messrs. Sherman
and Hooper, who acted as wet nurses
for the innocent gold-standard coinage
law. The idea that il was coined in
villainy and issued in deception so
tried his nerves that he had TO have a
vacation for recruiting purposes.
1t was a most innocent law-assur-
edly-for I'VE only had greenbacks in
circulation when it was passed How
could it affect us? True. we owed a
$4,000, 900, 900 war debt, made on a BIZ
metallic standard. Who in congress
could be such fool as not to want to
pay ii in gold il the creditors wanted
II, or such knave as to ask our gener-
Gus creditors to take their pay in silver,
then worth a premium Of 8 per cent?
Monstrous! This is all very plain.
OF course, ii is arrant nonsense to
affirm that a law reducing the world g
money more than one-half would make
the other fraction that was left any
harder to get when pay day came
around. Only fools can hold TO such
an idea.
They are not Tribunized. That's
what's the matter with them.
The idea that silver decentralization
has made any difference in its real
value, by destroying the most agrees
sive and constant demand for it, or in
the value 90 gold by doubling the de-
mand, is only a child's fancy. Full
! grown men know better.
No wonder that Brother Horn Is hor-
rifed wnen Brother Harvey even hints
that any one has not been elevated into
the third financial heaven by the last
twenty-five years of bene6cent gold
standard.
True, we have had few labor strikes
and few failures in the manufacturing
world on account of decline OF 80 per
cent in the value of their products In
exchanging them for gold - but this
does not prove that gold has risen In
exchangeable value for such property.
OF course. it don't-only fools claim
that. This is due only to the oyerpro-
] duction OF silver since it was demone-
tiZed, and to the expansive power Of
steam on the brain. Any one should
) aca -" without financial telescope.
Ile.z. university professors said so,
t!le aud a~ain. If not oftener? Dare
any one dispute their dlctum? Verify,
! verify we have fallen on evil times
when gold spectacles cannot make even
blind people see the folly of wanting
more real money. True, our property
wealth has Increased many hundred
times since silver was relegated 10 the
/ kitchen into the spoon business. which,
together with property accommodations
Of the last twenty-five years. and of the
centuries, must now be measured only
with gold. But who is fool enough to
| believe that this alters the exchange
able value of gold or the demand for 1t
! when bank bills, checks and credits
can BE- printed by steam and any one
can imagine that these can supply the
] place OF gold. which must be admitted
] is little scarce, when the imagination
fails to make good its wonderful illu-
sions In the light of a panic which
makes commerce see stars Of the first
! magnitude, while bankers call in their
loans in the vain hunt for golden
| eagles, gone where the woodbine
! twineth," into the Wilderness of sin,
while Sinai thunders the Law, PAY
that thou owest," not in checGs and
bank bills, but in gold-vanished into
; burglar-proof vaults and old women's
| stockings. (See Eccles on Panics-not
! in his newspaper arc-light articles on
the beauties of gold standard, but in
| his tour of inspection of national
banks, in the panic of 1893. looking for
| the location of said "woodbine" and a
chemical that would turn pictures into
! sold.)
Away with bimetallism. 1t has been
bisected and dissected for twenty years
by our financial university surgeons
until no one in his senses believes il
possible in this wonderful age of rev.
olutions and eyolutions. Abraham.
Isaac and Jacob, David and Solomon,
1 Caesar of the Roman empire. and JEFF
| ferson and Hamilton, OF the stars and
stripes, with their centuries of financial
| ignorance which had no printing
|