Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-05-23

talS On Terms OI exact equality. N q
discrimination should be made in favor
of one metal and against the other;
nor should any Discrimination be made
in favor of the holders OF either gold
or silver bullion, and against the great
body of the people who own other
kinds of property"
! A little further on in same speech:
/ 81 do not wish to be understood as
taking the position that the Secretary
of the Treasury may not acquire and
use silver coin for the purpose of re-
suming specie payments in case the
resumption law shall not be repealed,
for maintain no such proposition. y
| AS to the Secretary's denial that he
has ever written or spoken in favor OF
the free coinage of silver at a ratio OF
I6 TO or at any other ratio. the sub
joined extracts from his own remarks
in the House on Feb. 81, 1879, show
the vacuity of that denial in 1895,
whether it be technically and literally
true or not:
| During period of ia years. from
| 1860 to the close of 1874. there never
was single year, except one, when
one ounce of pure gold would purchase
10. .98 ounces of pure silver; and yet
that was the ratio fixed by the law of
this country in 1887, and is the ratio
fixed by this bill.
Il shall not now enter into an ex-
animation of the causes which have
combined to depreciate the value of
gold since 1878. but am one of those
who believe that they are transient and
temporary in their nature. and that
when they have passed away or been
removed by the separate or united ac-
tion of the nations most deeply inter-
ested in the subject, the old ratio of
actual and relative value will be rees-
tablished on a firmer foundation than
ever. According to my view of the
subject. the conspiracy which seems to
haYe been formed here and in Europe
to destroy by legislation and otherwise
from three-sevenths to one-half of the
metallic money of the world is the
most gigantic crime of this or any 9th
er age.
| 1.-The consummation of such a
scheme would ultimately entail more
misery upon the human race than all
| the wars, pestilences, and famines that
ever occurred In the history of the
world. The absolute and 1nstaneous
destruction of half the entire movable
property Of the world, including hous-
es, ships, railroads, and all other ap-
pliances for carrying on commerce.
| ,ul, 10 ho fol
the moment, would not produce any
thing like the prolonged distress and
disorganization of society that must in
evitably result from the permanent an
Inhalation of one-half OF the metallic
money of the world.
81 am in favor of every practicable
and constitutional measure that will
have tendancy to defeat or retard
the perpetration of this great crime,
and | am also in favor of every prac-
ticable and constitutional measures
that will aid us in devising a just and
permanent ratio of values between the
two metals. SO that they may circulate
side by side and not alternately drive
each other into exile from one country
to another. Silver is now appreciat-
ing in the market, and its remonetiza-
ton and restoration to the coinage by
this country will undoubtedly accel-
crate its appreciation in the future"
Is any further evidence needed of
Secretary Carlisle's attitude at the
time of the speech which he pretends
to explain in his letter to Mr.. Sevierp
If SO, we may quote the concluding
passage of that speech, couched as it
| is in fiery Language which the author
of ..Coin's Financial School, might ac-
cept without the change of a single
word:
81 desire to aid, in conclusion. that
while the measure the Bland-Allison
bill], in its present form, is not what
the country had right to expect, it is
infinitely better than anything the peo-
pie have been able to obtain at the
hands of Congress during the last fif-
teen years. 1t is the first victory won
by the people during many weary years
of warfare with the consolidated wealth
OF this and other countries, and al
though it is not by any means a COM
plete triumph, it makes the beginning
of new and more popular era in nat
uraI legislation; it attests mighty re-
volution in public sentiment as repre-
sented here at the capital; and it pla-
ces the great industrial and producing
masses of the people in the front and
the nonproducers in the rear.
"For fifteen years the people have
been on the defensive, and although
fortified by the plainest provisions of
law and the clearest principles of equi-
ty, they have been driven continually
from one position to another. until
they stood at last on the very verge of
financial ruin. Gathering all their en-
ergies tor this struggle they have adj
vanced-not very far, it is true-but
they have advanced far enough to re-
cover part of the ground lost in pre-
.ious conflicts; and. sir, trust their
representatives will faithfully hold it
for them.
..Our power OF legislation on this
subject will not be exhausted by the
passage of this measure, and we ought
not to halt for single moment in our
efforts to complete the work of relief
inangnrated by it. The struggle now
going on cannot cease, and ought not
to cease, until all the Industrial inter-
ests OF the country are fully and final
ly emaDcipated from the heartless DOM
ination Of syndicates, stock exchang-