The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-07-06
SENATOR VEST HEARD FROM.

Sweet Springs, Mo. June Ex-senator
Vest is stopping at his cottage near this
place. He was seen today by Post
Dispatch representative and consented
to give an interview on the money queS-
ton in its relation to the country as
whole and especially to Missouri. lie
said:
There must he a settlement of the
silver question without euuiyocation. We
must determine TO adopt the gold stand
ard permanently, retire the greef1backs
and perpetuate the National banks with
their paper based exclusively on gold, or
we must open our mlnts to silver.
Il fully appreciate the gravity of the
consequences which will come from the
free coinage of silver. The money power
ard money, and 1t VIII be olScredlted III
every way possible. The threat is con-
stantly made that free coinage Will bring
this country to an exclusively silver bass
and that gold will disappear. 1t is said
by the prophets OF evil that all our in
debtednesS held by foreigners Will be
foreign capital Will be loaned III the
/ United States.
An this sounds badly, but l hardy
think the consequences are quite so de
plorable as represented. In the first
place. the financial servitude which now
exists on the par of the United states
to foreigners should cease. Nothing
could be more degrading than present
conditions. The first inquiry each morn
ing in Wall street Is as to prices III Eng NJ
land. and we are paying more tnan ~,
000 600 to a foreign syndicate TO proIeCt
the gold reserve IN the treasury. When
the contract of this syndicate is terInl-
mated in October, we must pay anotIler
bonus, and SO on, indefinitely: MI.
Carlisle tells us that this situation Is
being seriously CONSIDERED by the cdp 81
but his only remedy is to retire the $Sl5.-
600 600 of greenbackS, sell mere Donds lCr
gold and refuse coinage even 10 the SIT
yer seigniorage now in the treasury. .to
THE president VIII not agree TO the
coinage of another silver dollar, but in
sists that the money. volume must be
diminished S346 gOC,Qoo BY rerlrins shall .hg
authorize the issue of gold bonds IN order
to maintain the single gold standard. As
| said in the Senate, we nave coIIle 10
the parting of the ways, and must TAKE
one road or the other. we must again
declare our independence or allow Eng
land to control this country; 81, ,.,.o
LAS to the threat that gold VIII leaVe
us / have only TO say That even IL II
did, 1 would prefer that continSehcy 70
present conditions beheve ,i IN ,, req sil,er
as standard money, but if we must nave
one metal or the other, L would tdae
silver, for we would then at iedSC ~ nf
dependent instead of being the tan Vi
the English kite, and the helpless Vlctlin
of the Rothchilds syndicate Ninety -SIN |
per cent of our whole commerce - ~ ~
home, and that WOulu CCiAlhi"0 S'N ~
a silver basis. .A+ cold |
Il do not believe. however that goIa !
will leave this country. Gold VIII Goit af !
TO any people who produce SUI PluS ~
the necessaries of life. There Is no sehll1, !
ment in finance nor commerce.. me , ie,.fIl !
tender money of every country, Is WI u,I !
everywhere what that country surplus /
Of necessaries is worth. England buys
from us what she must NAY e anu ~, diio ~ /
paw us what we demand. either Solu Ot e /
silver or commodities. IL the Ddl5Iice vi /
trada is in our favor we can demdnu
gold and it must be paid III
''When we abandoned tne siislcp 1aend go
standard in 1878, and enacted the blahq,
Allison law, we were told that e4ld Wo9 9i,v. /
at once leave this country ana tnao uil SI,
the Gresham rule it would ulsappedI. W. NJ |
Sherman declared that the colnage VI
silver would eXpel gold as certainty d.
the operation Of the planetary system |
What is the record:
s11med the treasury had SIS, 460.20o IN |
gold In 1890 when the law was repealeo;
the gold in the treasury had increased
to S321. 612, 44. The explanation IS founu |
in the fact that from 1878 to le%U, WIN |
the exception of 1888 and 1SS? the balance !
of trade was in our favor, and was PAID !
in gold.
"NIr. Carlisle says that if the closing |
of the minis of Germany ans France ~
silver caused its depreciation, me CO
now to restore its parity. In other WORDS
the United States must ahiectly sur
render what it believes TO be Tor the pest
masses mas. es' throughout the world Our
fathers did not argue this way, nor nave
our English relatives. Engiand aeiI1Qi,e-
any other country. and has doGgedly per,
sisted in that policy until now the world .
is financially 1T ner feet .,, fo
81 have no words of reproIa9ch Tor
those who differ with me on this ques-
ton, for / recognize the, treIneiiu t3o!s
power of environment and aSsoc;,at ION
spectacle of our highest judicial trlpuhaI
reversing three deliberate opinions MI, IN
order to prevent an income ,, tax' , me
doctrine of stare deciSis was swept away
when the wealth of the country was
about to be forced TO pay in proportion TO
the protection it receives from lhe gen
eral government.
''Au sorts of misrepresentation, to,
gether with the power OF money ana
official Patronage; are pelG U on the
II have lately seen an absurd state
to silver, we will be flooded with tn 81 81; oo w.
00c, 600 in silver frem India, va, Ooo,Oy9
from China, S9D.0OO00O from Japan and
from Spain, Mexico and the straits
"fhis Statement is made in face of the
established fact that the east is me
Continues from year to year, no silver
ever comes back from those countries
England is now vainly at fed;p 115 tho no
bayonet, and the best financiers regard
the effort as desperate
''ThiS country, situated between the
gold countries of Europe and the silver
Using east, has now the great oppor-
tunity of becoming the commercial and
financial mistress of the world By main,
tanning both gold and silver as standard
money we can trade with all countries in
the money they may choose as medium
of exchange. With silver demonetiZed
and gold as the single standard we are
the financial serfs of England."-St
Louis Post-Dispatch.
Food raised by the Royal Baking
Powder may be eaten hot, even by
dyspeptics with impunity Hot bread, /
hot cakes, mullins, crusts
buildings, etc, are made by it's use
perfectly wholesome