Middlebury register. (Middlebury, Vt.) 1886-1937, 1895-06-21

mand upon the treasury we would be
Immediately bankrupt. That is true,
too, of any nation pretending to gold
standard system. We are demanding
the restoration of silver as redemption
money IN order that our system may be
more honest and less pretentlous. The
mOnOmetallst gains nothing in the argu-
ment when he says that with silver re-
stored gold would sell at premium,
when, as n matter of fact now we
couldn't get gold enough at any price to
pay our treasury notes in that metal
and when. as matter of fact. the gov
eminent has had no gold in the treasury
which it did not obtain at high price.
But, gentlemen, why will gold be
worth more after the RECOMMENDATION of
silver? Can any one say that because
great nation of seventy million of people
decide to coin silver INTO money, and all
they get of it, the result will be to make
gold more valuable? If corn by any in
vention could be made to serve all the
purposes of wheat, the tendency certain
ly would be to make corn dearer or
wheat cheaper. We produce one-third
of all the silver which now reaches the
markets of the world. If we keep it all
and make money of 1t, certainly silver
will be worth more-and just as surely
gold worth less-in every market of the
world. The demand for gold will be
less. The demand for silver will be
just the same in Europe and the East,
while the supply will be reduced one
third, because we have ceased to export.
COUNTRY CAN STAND ALONE.
Even on the theory of the gold-stand-
ard men, we either have now too little or
too much of redemption money. If we
are to continue to play the bluff game of
pretending to have what we have not,
and what we could not get if we tried,
all we need to do is to make little more
pretense and sell part of our gold metal
for finger rings and dinner services. We
must come to one thing or the other to be
cOnsstent-either more or less of pri-
mary money. Our financial system to-
day is only worse than the wooden guns
and stuffed clothes employed sometimes
in war to deceive an enemy, because our
pretenses as to what we are able to do
are so childish they can mislead no one.
As a nation we stand all the time on the
edge of panic and bankruptcy, and are
spared from it only because those who
could bring us to that condition at pres
ent see no good result to themselves IN
the very easy achievement.
| a very large number of very honest
and intelligent men sincerely in favor of
the free coinage of both gold and silver
seem to think that we cannot sustain our
monetary system without the aid of
other Eations, and have been more or
less patiently waiting for some inter
national agreement upon the matter of
ratios. With the greatest respect to
these gentlemen | entirely disagree with
them. | think it is a matter of no con-
sequence whether other nations agree
with us or not. We shall sell neither
our silver nor our gold dollars to these
other nations. We never have. Wher
we pass the national boundaries oul
money-whether silver or gold-is treat
ed like our wheat or our corn, for wha
1t is worth. Neither our gold nor oui
silver dollars are, and never were lega
tender beyond our own territorial limits
Money is domestic servant merely.
i international! agreement is by NJ
means necessary. The Paris conference
of 1873 resolved that the selection fol
use of one or the other of the metals, Of
of both simultaneously, should be gov
erned by the special position of eacf
State or group of States. The grea
financiers composing that conferenc,
evidently did not reach the conclusion
lists have. They evidently realized
nation like ours, the richest in tn
world, producing one-third of all thu
world produces, can regulate its owl
financial system, and do so withou
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