The evening times., 1895-12-03

| q slight Inequality, :,
Tl s,, l., Yor =, history we have e. sls
ID fs7s . tis kJaesnil.sns was rcaSiresi 70
sesn sEcse ccn yea,s 70 ANN
1 ver bullion for coinage. The net or Iuly l 4
1SSU. ia = still b0sier Effort increased ID,
amount of silver the government was com
lie bu yef annually Of $4,000, Coo 0uSces
or practically. the entire product OF oui
mines. Under both laws silver rapidly anC
steadily declined In value: The prophec,
| those iy the Congress who led in ihe passage
OF the aforementioned act, that IL would re-
rslabiisha apd atntaln |, bc former parity BE-
,ween the i've metals, are still fresh In oui
memory.
| III The light Of these experiences. which
ACCORD. with the, experiences OF o;Eer ma.
for the belief thai an act of Congress could
low bridge an Inequality of 60 Icr cent be-
iwecn gold and silver at our present ratio,
nor Is there the least possibility that our
country. winch has less thHn One-seveuth
otthe SILVER money in ne world. coulu by S
action alone raise not only our own. hut all
siioer to It's lost ratio with gold.
Our attempt TO accomplish this by, the
free coinage pf silver at a TaiiO differing
widely from actual relative values wOuh
De tile signal Tor complete departure OIL
gold frtim our Circulation, the Immediate
ana large contraction OF cur circulating
medium. and slirinkage in the real value
and monetary efficiency of sill other terms
or currency as they settled to- the level nj
silver m0nornetaltisn. Everyone who re
ceives liked salary and every worker fnT
wages would lind The dollar in his hand
ruthlessly scaled dow To the point Of bitter
disappointment II bot to pinching priva-
ton.
Gsel SILVER MoNoMETALLLIsM.
A change in our standard to silver mono
metailism wou ii also brlLg on Qua p,t OF
the entire system OF credit. which, when
based on a standard which ia recognized
and adopted by the world OF business. ls
many times niute potent and useful than
thcientire volume or currency and ID safely
capable of aimust inGefiniIe expansion to
nireS Inc grow IL III tfaue abd enterprise. In
SET -hLi,eu s;rtES.e ti.rolxn dai Ane.s ana
uncertainty our hunlt lkstion would De
increased by the CousCiOusness tDat We
had parted company wlihailthe enlightened
and progressive natiuns OF the wCrld, and
were desperately and hOpelessly STRIVING
To meet the stress ~ h.ooern co,nlilert & ai;H
conIpetion with a Gebased and unsuitable
currency and III LssGGiallon with tie rev
weak and laRgard nations which have Sill
yer alone as their sIandard of value.
meuts wnica threaten violent changes In
our monetary standdrd and the dexrauattOn
OF oar Curfeuoy!h THE past Is fEii or les
sons teaching not only the economic dangers.
but the national immortality that follows in
the train OF such experiments. l Will not
believe that the American people ca n be per-
suaded, after softer delberatiOn, to jeop-
ardize their nation s prestige and proud
standing by encoura gin < rina ncial uostrums.
nortaat tney iii yicIato the false aliurcnents
OF cheap money, When they realize that 1t
must resuss In the weakening of that finan-
cial Integrity and rrctifude which thus far
in our history has been SO devotedfy cher
ished as one or the traits OF true Ameri-
canisnl- ---.-.'-zs
Our country'a Indebtedness. whether ow-
ing by the government or existing between
individuals. has been contracted with refer
ence to our presept standard. To decree
by act OF Congress that these Debts shall he
payable In less valuable dollars than those
within the contemplation and intention OF
the parties when contracted, would operate
to transfer, by the fiat OF Law and without
an amount OF property and
volume of rights and Interests almost meal
Culable.
Tbose- VIII. advocate blind and headloug
plunge to free Cuinage in the name al himet-
slisn md protesting the belief, cuntrary
70 all experience, that we could thus estab-
ish IA double STANDARD and 4 concurrent
OF both metals In our coinage.
Are certainly reckoning from q cloudy
standpoint. Our present standard of value
9 the stapdard or the civilized world and
Die, ,'-or at least that Is within tie indie
,endent reach Of any single nathn, bow
,ver powerful that nation may be. While
'alue OF gold as standard is steadied by
almost universal l.c,anmerclal and business
ise, 1t does not despisc silver nor seek itx
Wherever this standard Is
med there u at ITS side IN Tree and
circulation volume OF sill
'er currency sometimes equaling and sHne-
ines even exceeding ii IN amount. beth
at parity, notwithstan ntinE a
depreciation pr fluctuation In the intrinsic
.aiue OF silver.
There is raet difference between a
standard OF value and a currency for
use. The standard must neces-
sarflY llt, fiVPtl certain. The Currpucy
may be In divers forms and OF various
iinds. No silyer-staDdard country has
gold currency in circulatlon, but an en-
ishtened and wise system OF finance Sc
.ures the benefits OF both gold and silver
IS currency and circulating medium by
,ceping the Standard stable and all other
,urrency at par with II. Such syEtem
md such a standard also give free scope
or the use and expansion OF safe and
credit, so indispensable to
road and growing commercial transac- |
ions and 60 well subs tituted Tor the |
Ictual use of m oney. II fixed and stable |
4 taDdard is maint aimed such as the ma gni- |
ude and safety of our commercial transac-
ions and business require, the use OF |
money itself is conveniently minimzed.
Every dollar of fixed aud sta bic value has |
trough the agency of confident credit an |
stouishiug capacity of multiplying nseif |
? financial work Every unstable & ard
nd in its use bege;s gambling speculation !
nd ,tndprmiiics the foundations OF honest |
Enterprise.
a'.s'r'.- A SERIOUS MENACE.
Ihapn ventured to express yself on this |
Ibiect with earuestness and plainness of |
Deech because L cannot rid myself OF the |
ciief that there Iurks in the proposition for |
lr ifrct, coinage OF silver, so strongly ap- |
roved and SO enthusiastically advocated |
y "A multitude of my countryiiien. a serious |
lenlce to our prosperity and an inSidfous |
.inptation of our people to wander from the 1
llegiance they owe to public and private |
ltegdty... -,l---
IL is because do not distrust the good |
aith aud sincerity of those who press this
cheme that have mperfectly. but with
cal. submitted my thoughts upon this mo-
ientous subject. l cannot refrain from
cgging them 10 re-eXamine their views
no beliefs in the light OF patriotic reason
nd familiar experience, and to weigh again
nd again the consequences of such leEis- |
ition as their efforts have invited. Even
be continued agitation of the subject adds
realty to the difficulties of a dangerous
naucial situation already forced upon us.
In conclusion l especially entreat the
eople' g sreprcscDtativestn In the Congress, who
e charged with the responsibility OF in
igurating measures for safety and pres |
,rity of our common country, TO promptly
I'd effectively consider the Ills Of our |
itical financial plight. / Lave suggested a
mety. u whicil my Judgment approves. /
sire, however, to assure tie Congress that |
am prepared to co72perafe with them in
orpugh and practical relief, and that /
i'll gladly labor with them in every |
itrjolic endeayor to further tie interests |
I'd guard the welfare of our countrymen
hom in our respective places of duty we |
We undertaken 10 serve.
-. .u.,. GROVER CLEVELAND.
y,.4-s December % =, 1898.
RHODE DELECTIONS.