The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-05-03


gold standard. and the believer In
standard OF both gold and silver should
give them neither aid or snccor. They
Challenge rhe one and repudiate tAe
other and from both should come Z
united opposition.
CALLS THEM SOCIALISTS.
The contention which is now made
by the single silver standard adher-
ents reduced % its last analysis -
silver fatism pure and simple. IL dr.
fers in degree only and not in principle
from the contention OF twenty years
ago OF the advocate OF the unlimited
issue OF irredeemabie greenhacks. and
from that OF the issus Of the fiat cur
recy of the period Of Continental con-
Gress. and the era Of ooloniaiisul II
finds counterpart in the arguments Of
the French revoluGonists who bank
rupted the citizens OF France with
their millions Of worthless assiguats
and mandats-it resembles the reason
ing OF King Alexis Of Russia when
more than three CENTRES ago he im-
poverished his subjects and fomentcd
civil strife by undertaking 10 force
upon them copper copecs OF the same
form and value as u substitute for sill
Yer ones
II Is the theory OF the Socialist and
PopultSt applied 70 monetary science.
II Is based upon the belief In what has
been APPLY termed the all powerful
ness' Of the state and IS IN utter disrc-
gard Of that great fact in financial
history that mediums OF exchange and
standards % value did not find their
origin I'm law but We're born OF the needs
or trade and commerce They came
into use through no Legislative action
save that which was wrought IN The
great parliament Of commerce. ard
from then until now the eacted laws ~
81 80.
OF the principles underlying them have
failed 10 control and regulate them
The end always sought by commerce
the great arbiter OF every monetary
system since the dawn Of civilization
has been in every metallic money such
intrinsic value as makes the unstamped
coin of the sagne value as a commodity
Of merchandise as the stamped II has
with equal gigor insisted that IN bank
currency there shah be immediate re-
de4nption upon presentation IN sound
metallic currency. II involves ia behalf
or the money which IL sanctions and ac-
cSpts no alchSmist and believes IN no
philosophers stone. It has. through
our all the centuries. stood i8far;
against the errors Of legislative bodies
and the wrongful edicfs Of kings. and
acting upon the principles that value
knows its own laws and follows them
In spite OF DEGREES and penalties" has
taken the coins Of every country fpT-
what they are enthusiastically worth and
not for what the legal stamp represents
them TO be worth. The commerce.
world has with unvarying precision
drawn the true distinction which ex4
lists between true value IN a nations
currency and the sign OF value AFFIXED
10 -. and standing upon that line 81
demonstration IT has been az indifserert
u the laws OF great nations az Of small.
AFRAID OF EIATISM
Those who represent in this splendid
city the In terests OF commerce can not
afford 10 be unmindful OF the condt
lions which confront them. II the stan
dard OF vaius upon which all CONNER
CiRl transactions are based is made ufs-
certain by any experimental legislation.
II capital become alarmed aud credit
once more restricted. the magnificent
temple which has been hero dedicate
% tbs uses Of commerce will be Of littl,
avail. FOR there - no commerce. whsre
faith IS wanting IN a country'r medium
Of exchange and trading reduced %
mere betting. The question % which
the friends OF the maintenance Of
medium Of exchange OK unquestioued
and unquesconRblsy value nust adGrsqs
themselves is not how 20 temporary
defeat Cae advocates 81 free coinage %
silver as they now present ~. but how
70 permanently insure the country
against the danger whsoh would now
from capitalized into law any none
suggestion which 81 based ga whole or
in part upon the docrtrtne OF fatisu1-
Such result can not be attained By
either scof1nE AZ th%ir Leaders or uf.-
derestirnztfng the sources ~ strength
Of those who r@uge themselves under
their banner A. loug AZ they rave tn
enthusiasm which springs from the BE-
lief IN their les<~a'ng the woes - t1a
a. .. =.
effort and TIE .ncours cement of tho
tfInorous and compromising In The rsnks
Of thase who oppose them. they vii
cpriiuus an arrive fGTce sn rnons'rssy
agitation slr16 Sa ELEMENT IN America
poHtlcs t1at warrants recognition and
sturdy opposition
The forces 81 fat silver currency. -
irTd~~Tnzbie paper AMI their FopElisiie
allies can Re permanently a<sdi~Ats1 -
factorr worthy - r0nrie~ratioa aH1
sources az dlScout~nt anS r&nrtsi ions
n but one way. ard that les fhro'ssh
th- gateway 81 scgHd rsaz~tssrY e<1ucA-
tfea- To rs YORK re Individual and
,h~ nations good 1@<rzzues thsf n seas-
on and o-lt there b= ssch isboy perform
es ~ shall al 70 distant azJ result ia
their b~frr bate. sefsarely upon ne
ls@s~~ FOR wTs~h thy stssEsf arsf the
county, "a Il f5s fsszztsT attendant
upon tisesr ho1- q Hiri-ussi@ s's~-eas
Letters - rezrst WIRE rad from
President Clsve5a-6 sEPrsE12sz4s
Harrison and Senator FsssrTosG
49,.