Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1896-06-21
SENATOR Daniels Silver
sFEECH
Following is a continuation of Sen.
'ator Daniels silver speech:

Following is a continuation of Sen
'ator Daniels silver speech:
The embarrassment OF the Govern
ment arises from the arbitrary and
'obdurate assumptions Of Successive
Administrations which have made
an artificial endless chain by winch
the Treasury may 5e raided for gold
at the option OF any creditor. II al
the creditors OF the Government, It's
salatied officers, its employees, it,
claimants, and its contractors were ID
act like it's bondholden AMI inone,
holders, and demand gold, and were
the Treasury to manifest the same
weakness toward them IL recognizing
their claims that it does toward bond.
holders, the Government might be
overwhelmed ut any day by gold de.
'>Snahds, when IN point OF fact it had
an abundance OF surplus evenur and
silver coin wherewithal to meet justly
all obligations. Let the people un-
derstand, then, that the apparent
trouble in tho Treasury is nm artificial
one, invented by the Treasury itself.
III we are u foolish purveyor" Of gold
Tor European monarchs, il We have
allied the strong boxes of every auto
crat who is boarding gold as Il war
fund, it is simply because the Treas
ury has voluntarily persisted in doing
so when'it couldh have stopped it in a
moment. 1t is u folly that the Secre-
tary could have stopped at any mo-
ment by the scratch OF his pen; it is u
folly that is persisted in because
Congress sits helpless and allows it to
continues it is a folly because with all
the strong talk We have here we have
also weakness Of will and weakness
of action and su~ppliance Of DISPOSE
ton.
Mr., President, / am by nature, by
experience, and education a conserva-
tive. am for property and vested
rights. l believe i'll the virtues OF a
people who are characterized by mod,
Grafton. ! am against radicalism
that would pull down and destroy;
and the place for every conservative
who would maintain the institutions
OF America and preserve the property
OF its people is III the ranks of the
true bimetallists. The rights which
attach to life, liberty, and property
are those upon which all social order
must rest. To protect them, govern
ment was founded, aud that govern
ment is freest..in which they are best
protected and the most amply and
securely enjoyed. Life and liberty
can not be safely secured or freely
enjoyed unless property is respected.
You take my life when you take
the mean whereby | live is a plain
proposition. That every mans house
ID his castle is m axiom OF our free
race, and it has. always been ready
to draw the sword and meet tyranny
at the threshold. There are various
methods OF warning upon property.
The robber band may 60 with a high
hand and expel tho tenant, bu, time
has long since passed when this
could be done in any land where the
English-speaking race is in power.
1t was u splendid illustration OF the
genius OF the Germanic race, from
which We are part descended, when
there was Il peasant in Berlin who
had n cottage that the king wished to
possess in orderlto make u part OF his
park. The peasant refused the royal
request, and declined all the gold that
was offered him, and, when no WINS
threatened, he sat securely Mt his door
and said: 4Tlore are laws, Your
Majesty. in Berlin"
1t is by the subtle agencies OF taxa
ton and currency that the modern
wars against property are conducted,
and the contraction OF the currency il
the most subtle and certain method OF
con1scatlng property that the wit of
man has ever yet invented. To con.
tract the currency of a country is to
reduce the value OF property, to IN
crease the burden OF debt and taxa
ton 10 destroy confidence. "Confi-
dence,' Confidence say the sooth-
sayers OF recommendation. but there
is no confidence. How can conf
dence exist when there is a condition
OF organized depreciation OF all prop.
erty upon which confidence rests?
The policy Of contraction is to check
enterprise; 1t il to stagnatc circula
ton; it is to paralyze trade and man.
ufactures and agriculture; it is to re-
duce wages; ii is TO organize failure,
bankruptcy, and ruin; and at the end
OF the process il is inevitable that the
rich shall DO richer, tho poor oorer
and society at tho mercy Of it's money
kings.
his consequence OF the contraction
OF the currency results from
ic laws which are ms fixed md certain
in their operation ns tho procession OF
tho oqninoxes OF tho law OF grayita.
ton. The whole value OF the proper.
~ OF Il country is measured by tho
whole sum Of tho currency which may
be used i'll its purchase and Exchange
md the PARTICLES Of property bear the
same ratio to the PARTICLES OF the cur.
roncy which express their price or
valuation ms the Ia OF currency. 1t