The daily morning journal and courier., 1895-05-03
ASSAILS THE STLVERITES.
STRONG SPEECH DBLITERED BY
 COlTPTBOLLER ECRELS.

It Was Given at the Dedication of Detroit
 Chamber of Commerce on the Relation O
 Currency to the History of Finance-Hi
 Statements Are Broad and Flatfooted.
 Detroit, May 2.-Detroit's chamber of commerce was formerly dedicated a noon To celebrate the dedication 2 banquet was given in the Hotel Cadil lac this evening. Many distinguished guests were present. Covers were laid for $50. Chamcey M. Depew respond ed to the toast of "'Union of States The Bond of Commerce is their Mutual Dependence" Hon, J. Ii. Eckels comptroller of the currency, then spoke on Currency: Its Relation to the His tory of Finance"
 MT. Eckels, among other things, said "There can be no political ends to be served, no party considerations to be advanced, of sufficient import to war rant any man in long debating as to the position he should take when the tinan- cial honor of his country Is at stake and the prosperity of a great people threatened. The people cannot too quickly recognize that they are in the midst of a propaganda skillfully car ried on with the end in view of revolu- tionizing the country's existing none tary system. Those who now direct the free silver idea have ceased playing with words. Their demand Is that the United States shall at once abandon it's present standard of value and substi- ute therefor, without the cooperation of any other country, single silver standard.
 Nowhere is 1t suggested by them that this nation shall even undertake to maintain at home a. double standard. Nowhere Is their promise given of an attempt through international agree ment to make every dollar of silver the equal value of every dollar of gold. It is not even designed that the dollar coined shall approach in intrinsic value the value which it purports to carry. The position which they now assume of necessity eliminates from their ranks all who heretofore have struggled to bring about larger use of silver in the country's currency at any increased ratio, and drives into the camp of the opposition every honest champion of in- kCIndIIOlltJ1lISllis lG COultIlllOn WIlCu is now made by the single silver stand ard adherents reduced to it's last analy- sis is silver f1atism and simple.
 1t is the theory of the socialist and populist applied to monetary science. The question to which the friends of the maintenance of medium of ex- change of unduesttoned and unquestion- able value must address themselves is how to permanently insure the country against the danger which would flow from crystallizing into law any moneta- ry suggestion based in whole or in part upon the doctrine of fatism. The forces of fiat silver currency, of irredeemable paper, and their populistic allies, can be permanently eradicated as factors wor- thy of consideration and sources of dis content and financial loss In but one way, and that lies through the gateway of sound monetary education.
 Toasts were also responded to by Hon. w. c. Maybury of Detroit, Hon. Fl. D. Boulder of Cleveland, George R. Blan- chard, chairman of the Central Traffic association, and President Ashley of the Wabash railroad.