Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-10-17

i orr country to sustain the the ory
The production Of the United states
| is less than $40, 100000 in excess Of
what is used in the arts. Our tour
| lists alone spend 500, 900, 900 annually
abroad. We tremble with every with
drawal from the treasury, lest more
borrowing or suspension. 1t is the
most treacherous Of all forms Of mon.
ey and the most domineering in \
state OF sssingle blessedness." Senator
Ingalls,, in a speech in 1878, describes
it trrthfully:
mo people in great emergency
ever found faithful ally in gold. Ii
| is the most cowardly Of all metals. It
makes no treaty 1t does not break 1t
has no friend it does not sooner or lat
er betray. Armies and nayies are not
maintained BY gold. In times Of pan
ic and calamity, shipwreck and disas.
ter, it becomes the agent and minister
OF ruin. No nation ever fought
great war by the aid Of gold. On the
contrary, in theorists Of the greatest
peril it becomes the greatest enemy,
more potent than the foe in the field;
but when the battle is won and peace
has beep secured, gold reappears and
claims the fruits OF victory. In our
own civil war it is doubtful If the gold
Of New York or London did not work
us greater injury than the powder and
lead and iron OF the rebels. It was
the most invincible enemy of the pub
lie credit. Gold paid no soldier OR
sailor. 1t refused the national obliga-
lions. It was worth most when our
fortunes were The lowest. Every de-
feat gave it increased value. 1t was in
open alliance with our enemies the
world over, and all its energies were
evoked for our destruction. But as
usual when danger had been averted
and victory secured, gold swaggers to
the front and asserts the supremacy
With the least furry it takes to its
hiding place. Rumors Of war, and
your "sound paper money! looks in
vain for its redeemer. Once in our
memory it fled and was not heard
from in Is years.
The only check upon this arrogance
of gold is the restoration of silver. 1t
has the same intrinsic cost value that
originally stamped it arbitrarily Is to
/. The world followed our example
when we refused it mintage. 1t will
do the same when we take it back.
Again establish free coinage at the
same ratio,not disturbing the existing
coinage, and the purchasing power of
gold will be remanded to its old level.
Then let the government befriend the
three kinds Of money as does the
French government-pay out Of each
according to the emergency.
That we want more currency every
year is conceded. Coming our own
production would add only 100000
900 yearly. AS to dumping foreign
silver upon MS, financiers prove that it
would not pay the importers The bull
lion price OF silver would advance for
gold the world over. When it was be-
lieved that Mr.. Bland would get his
coinage bill through, years ago, silver
advanced from "a to III in London.
The only way to restore the condi-
lions upon which our vast indebted
ness has been created is to restore sill.
yer to its old place. The volume of
money, which measures the value OF
Ill property, will then be the same.
Each metal will be remanded to its
I'D purchasing power, and justice
will be done to both debtors and cred
tors.
Ladies desiring hair work call on Mrs.. Hiram
aan. West Randolph; VI. Write for pricss