Crittenden press. [volume] (Marion, Ky.) 1879-1907, 1895-06-06

of gold which is alone the redemption
money Of the people. lie says, in round
nun beers, that there are about two thousand |
million of dollars in circulation of all de- |
scription-gold, silver, greenbsck, paper, |
Treasury notes, gold certificates and silver |
certificates, nickle and copper-that this |
two thousand million dollars is the standard |
| by which the values Of this country are |
measured. ! say that IL not true or, If it is |
true, these advocates of sound currency are |
to-day upon an absolute fat money basis |
Whenever you put up n standard OF meas
ureInent by which to determine values, If il /
consists of anything except the final money
IN which all debts are to be redeemed, it is
fraudulent system, a rotten system, n fat |
system, with nothing on earth behind il to |
make II good. What sort Of position is u
party that claims TO be par excellence the |
advocate OF n sound financial system and |
then tells you it is measuring all values on |
a fat money basis II there is but $685.
600, 900 Of redemption money in the coun-
try, IL there IL but one million Of final re-
demption money, aye. IL there is but one
Gods blessed dollar in all this land Of ours
Of final redemption money, then that single
dollar constitutes the standard by which all
values in this land are measured. You can
not get away from it.
But that 10 not all He tells the people
that Jefferson stopped the coinage Of sill
yer In this country. That is again mis-
leading statement. 1t was under the Ad-
ministrstion Of Jefferson that the coinage
Of the silver dollar was stopped, but If the
great Secretary Of the Treasury wanted to
he candid with the people who were listen
ing and who had so often honored him and
| Il al. "A Ia.
trusted him--if he wanted to be fair, why
did he not 20 on and tell them why JEFF
ferson stopped the coinage of the silver
dollar IL was because we could not keep
il at home. 1t was at premium over gold,
il was at premium over sound money,
because of the extra amount of pure silver
il had in il The minute you issued a sill
yer dollar from your mint il commanded
a premium Of from to per cent. 1t was
gobbled up, shipped abroad, recoined In the
minis Of Paris, another coin worth Il dollar
; issued in its stead, and the surplus silver
pocketed as profit. The free coinage of
the silver dollar was stopped by Mr. Jeffer-
son not because it was not n good dollar
but because it was 80 good dollar that we
could not keep il at home for our use. He
admits, and in this he is fair, that one Of
the causes Of the shrinkage Of values for the
last twenty odd years was the demonetiza.
ton Of silver, but says it was not the only
cause That IL true; il was not the only
cause. Improvements and progress made
/ in labor-saving machines, improved facil'
titles for transportation and the Interchange
/ Of the products Of the earth, they are cause,
that assisted in the reduction Of prices, and
r the Secretary Of the Treasury is too fair n
man 10 DENY. and nowhere in the speeches
( he has made have | found where he did
a deny OF where he even intimated a denia
I Of the charge that the demonstration o.
r silver not only was one ofthe cause but WA
| he chiei primary cause, Of this conhscatior
] Of property.
!, Think Of it, my couutrymen, what wa
}. the effect produced upon you and me wheI
g that silver metal was stricken down. One
2 half Of the value Of your property in rounC
70 numbers was destroyed. Nor was that all
# The architects of this great financial Grim
Is Mid more. They not only destroyed one
e half the value Of your property, but the.
e DESTROYED absolutely One-half of you
ability To pay your debts and one half o
n your ability 10 earn slivelhood for yoursel
y and family. ThiRb 9l what has been done
- Eur9RII pays US one for our Cord. " 5G
:. wnrat, vur beef, our pork, our tobacco ant
: our cotton. She paid us two dollars il
!, those years where she now pays us but one
= But We still continue to pay, To this blessed
: hour, every year MS il rolls by, TO Europe
! two hundred millions Of gold rs interest on
the debt we owe them. No abatement OF
payments OF money to Europe but Europe
: pays us only one dollar for our surplus
products where before she paid us two.
There is the difference between the condi.
! ton you were in and the condition you are
/. in. DO you vast h get back TO the posi-
ton you held before Then get Europe to
i abste one-hslf Of the interest we pay her
or else get Europe to double the payment
she makes 10 us.
The output of gold throughout the
world for the year s94 was less than 5000.
100000. One hundred and eighty million
dollars is the whole product Of gold Of
the world for the last year, and that is less
than the number Of gold dollars that we
send to Europe every year to pay the inter-
est on the debt We owe her, England owes
nobody to-day. She owes her debt 10 her
own people The balance Of the world
owes England ten thousand million Of dol.
lars. England says pay me in gold, in the
dearest money, and she would send up the
premium. not to hundred per cent, but to
athousand per cent, grind labor into the
dust, bring poverty upon the masses and
starvation and misery SO that you give me
the pound Of flesh that is my due, the
pound nearest the heart. Give me my
money" says Shylock, "and give it TO me
in gold" The United States owes the bal
snce Of the world at the lowest estimste
eight thousand million Of dollars. We
owe Europe enough TO require us to send
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