The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-09-09

must educate the people that the gov
eminent fiat cannot make money. The
government stamp, weighs and certi-
lies, bun does not create. Money is of
TWO kinds, real money and represent
| sslNe money. Real money has intrinsic
value equal 70 its face
REPRESENTATIVE MONEY
is promise to redeem in real money.
The gold dollar is real money, because
II Is worth 100 cents. whether coined
or melted The paper dollar is repre-
sentative money, because 1t is simply
a promise to redeem in the real dollar;
It's value is not in the stamp but in
the fact that the stamp pledges a real
ooliar behind IT, The present silver
dollar is partly real and partly repre-
sentative. Ii has % CENTS worth of
value, and IS cents worth of faith
ta1tn that the government will fulfil
us pledge Of keeping it at parity with
god The proposed silver dollar under
Tree coinage would be neither real nor
representative; ii could not say even
With the paper dollar: Il know that my
redeemer liyeGh, for there would be
no redemption, and without redemption
IT'S value would sink 10 its bullion value
OF 5Z CENTS. We want neither cheap dol
lars. nor cheap men, nor cheap presi-
that political independence is one
thing, and independence of the laws
OF trade and nature is another. The
most
PUERILE AND GRoTESQUE IDEA
even of the boy orator is his repeated
and pet notion that because this cOun-
Try declared political independence Of
Europe IN ZIG, il oCghr to declare an
Independent monetary standard in
1896 He seems to think that we ought
TO have a distinct American measure
OF value, because we have a distinct
American measure Of liberty We can
have American geography because our
rivers and mountains and glorious
fields with their rich harvests are our
own; but we cannot have an American
arithmetic because two and two do
NOT make five and fifty does not make
100 in the United States any more than
IN Europe. We can have an American
political economy, because political
economy is partly a matter of cOndi-
tons, and our conditions are different
from those of Europe, but we cannot
have an American algebra, because al
zebra is not an experimental, but an
exact science In algebra, X represents
the Inl1nown quantity and thus il re-
presents Bryan after the election, and
not even the X rays will be able to dis
close his scattered, his shadowy re-
mains This talk Of an independent
measure shows callow and shallow
mind. Do we not want commercial re-
iaGions with Europe? De we not seek
TO extend our trade? Then why do we
not want a common medium of eX-
change? Above all and beyond ali we
must
EDITTAuE TUE DEnDT II
that national honesty and individual
honesty are the best policy. Nations
and individuals cannot close out with
the world on one transaction, and quit
They must keep the account and for
every act of fraud they VIII pay double
the next time. We are against the out
flow OF good circulation and the influx
OF bad citizenship. We find commun-
ism, revolutution and anarchy no more
attractive and less dangerous when
urged by the rhetoric of Bryan than
when enforced by the bomb of Altgeld
or The pitchfork of T1llman. We must
teach the uncessing lesson of patriot
ism and rectitude and must educate
the people to maintain national honor
as sacredLy as they mainrained the ma
tional lRe and TO be no more ready in
1896 10 cut in two the standard Of value
which is the basis and measure of all
business security than they were in
1861 10 cut in two the union which is
the basis and measure of national
greatness and glory.
We are met at the home of the great
patriot and statesman, the boy soldier
and the man orator and leader, who by
an unerring choice is fifty made the
standard bearer in this second mighty
battle for national safety and welfare.
Let US go from his enAindling presence
and his glowing words with fresh in
SEPARATION and renewed strength for
the campaign Of education.
Mr.. Smiths address was well re-
ceived. He was frequently interrupted
by applause and cheers.
At the conclusion Of the address, the
editors adjourned for the purpose of
calling upon Major Mckinley.
IL was but q. short walk to Major
house. Upon their ar
rival there, the editors formed them
selves in groups about the porch. The
spok esInan was John Hopley, the old
est editor in the state. He spoke at
some length on the political questions
Of the day.