The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-06-24

There is scarcely any point in the econ
omy of national affairs of greater moment
than the uniform preservation of the mon
ey unit. on this the security and steady
value of property essentially depend"
Hamilton understood the false theories
now advanced about 'rising prices" in
connection with the free silver, he said:
1T is. however. not probable that the
effect meditated Ga change in ratio) would
be defeated by a rise in prices proper
toned to the dimunitlon of the intrinsic
value of the coins. This might be looked
for in every enlightened commercial coun-
try, but perhaps in none with greater GER
tainty than in this, because in none are
men less liable to be the dupes Of sound;
in none has authority so little resource for
substituting names for things"
The promise of rising prices" and
more money" when "silver is free"
catches the "dupes Of sound" Hamilton
foresaw the situation of the silver party
of to-day. Again he says, and note It
closely:
"A general revolution of prices Caused
by degrading our money standard),
though only nominally and in appearance,
could not fail to distract the ideas Of the
community and would be apt to breed
discomfort, as well as among those who
live on the income of their money as
among the poorer classes of the people,
to whom the necessaries of life would
seem to have become clearer"
Again he says:
Among the evils attendant on such an
operation are these: Creditors both Of
the public and of individuals, would lose
a part of their property; public and pri-
vate debts would receive a wound; the
effective revenues of the government
would be diminished. There is scarcely
any point in the economy of national af-
f,f.~ Of tor ina mi
form preservation of the intrinsic value
of the money unit on this the security
and steady value of property essentially
depend"
The great Daniel webster said:
"There are some political evils which
are seen as soon as they are dangerous,
and which alarm at once as well the peo-
pie as the government. Wars and meas
ures thereof are not always the most GER
tain destroyers of national prosperity.
They come In no questionable shape. They
announce their own approach, and the
general security is preserved by the gener-
al alarm. Not so with the evils OF a de-
based coin, a deprecated paper currency
or a depressed and falling public credit.
These insinuate themselves in the shape
of facilities. accommodations and relief.
They hold out the most fallacious hope of
an easy payment of debts and a lighter
burden of taxation"
Webster said in the House of Represen-
tatives in 1915:
"The circulating medium. must
be something which has value abroad
as well as at home by which foreign debts
as well as domestic debts can be salts
fed"
These great men speak for themselves.
Hunt up the records and read them more
at length. Add to the weight of their ar
guments and learning, the opinions of such
men as Cleveland Carlisle and Turner,
and a host of others of the best men in
both great political parties; and then will
you coolly tell us that it shall require no
argument to overturn them. and no reason
given for proposition to destroy a money
standard which has prevailed uninterrupt-
eddy for sixty years? Ram a rotten plank
flched from the populist platform down
our Threats, and then tell us to ask no
questions, because we shall have no an
swerl