The herald., 1895-05-03

| Woih out tuo peSJ reSulCS 10 tu1S lanu, III
which the wealth, the happiness. the as
pirations of every patriotic American cen
ter.
Its discussion has been precipitateI at
time when the country is emerging
from period of financial and CONNER
cial depression, widespread and Of long
continued duration. 1t finds every ave-
nue. OF trade giving evidence Of renewed
activity; mill and factory again in ope-
ration and agriculture promising to those
engaged in its pursuit abundant harvest
and appreciating prices. 1t presses itself
upon the laborer, now no longer idle but
busy with the employment which has
come with the settlement OF questions
which have long We xed the public mind
and after ample demonstration of the
ability of the government to maintain
untainted the public faith and the
nations credit. If under such circum-
stances the cause of those who stand
against the schemes proposed to rid by
means OF law, people from making
proper payment OF their just debts and
give them riches through legislative
action cannot be sustained the expert
ence of all monetary history will DO re-
versed. If this contest shall end otherwise
than in the triumph of that which is
right in theory and sound in principle it
will be because the American people have
lost much of that good sense and honesty
which great man declared though some
times permitting an agitation for some
thing wrong and mischievous. always
when the danger point is reached brings
forth mass of opinions which though
ordinarily quiescent, at such times forces
itself into activity, puts down the wrong
thing and peremptoriiy demands the
right thing instead.
l believe we have come to point in
this discussion of our monetary system
and agitation for a complete change in
our standard of value. when this mass of
opinion should not only be aroused. but
should make itself an active force in put
ting an end to the currency vagaries of
which the free silver movement, as today
presented, is the elimination. If COM
mercial and industrial revival is to con-
tinue recurring loss to every citizen pre-
vented, national and individual financial
credit and integrity maintained and ulti-
mate disaster averted. there must be no
longer a spirit of hesitation in those who
know the baneful effects of the thing pro-
posed.
There can be no political ends to be
served, no party considerations to be ad-
vanced of sufficient import to warrant
any man in long debating as to the po-
sition he should take when the financial
honor of his country is at stake and the
prosperity of great people threatened.
Here. at least, is no room for party and
place for the Vaccinations of designing
politicians or arrant demagogues.
The American people cannot too
quickly recognize that they are in the
midst of propaganda skllfully and zeal
ously being carried on with the end in
view of revolutionizing the country's ex-
listing monetary system. Those who nov
direct the free silver idea. map out the
policy of its advocates and control their
action, have ceased playing with words
and put from them the professions which
heretofore have characterized their utter
ances when urging the cause for which
they have stood. Their demand today,
interpreted in the light of their acts, is
that the United States shall at once aban-
don its present standard of value and
substitute therefor, irrespective and with
out the cooperation of any other country,
a single silver standard.
Nowhere is it suggested by the sponsors
for this latest tenet in the silver creed,
that this nation shall ever undertake to
maintain at home a double standard.
Nowhere is there promise given of an at
tempt through international agreement
| To m q "a dn1lor nf ci ;ob el>,l1
be coined the equal in value of every dol.
lar in gold which comes from the mint and
fairly interchangeable Herewith: They
no longer give recognition to the fact. at
tested by every monetary union formed
and conference held that no nation can
isolate itself from those with which it
has commercial dealings. and maintain,
independent of them, distinctive stand
ard of value. 1t is not even designed
that the dollar coined shall approach an
intrinsic value which it purports to carry ::
instead, ratio shall exist between coins
of the same denomination, which is
patiently incorrect and untrue. The DO
sition which they now assume of necessity
eliminates from their ranks all VINO here
tofore have struggled to bring about q
larger use of silver in the oountry's cur
rency at an increased ratio. and drives
into the camp OF the opposition every
hon est champion of international BIZ
meta.lism. The plan laid is If their own
making; the issue of their own choosing;
and in the face of their own acts the
believer in the single gold standard and
the believer in the standard OF both gold
and silver should give them neither aid
nor succor. They challenged the one and
repudiate the other, and from both
should come united opposition.
The contention which is now made by
the single silver standard adherents, re-
duced to it's last analysis, is silver tiatism
pure and simple. 1t differs in degree
only and not in principle from the con-
tention of twenty years ago of the advo-
Gates of the unlimited issue of irredeem
BILE greenbacks, and from that issue of
fiat currency of the period of the
continental congress- and the era of
colonies. 1t meets a counterpart in the
argument OF the French revolutionist
who bankrupted the citizens of France
with their millions of worthless assip-
rats and mandates. 1t resemble the
reasoning OF King Alexis of Russia when
more than three centuries ago he ia. poy.
erished his subjects and fomented civil