The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1896-08-28

erntnent can infiict none can Se srssts-
than cheap money, whether. Of e.,iS, ~. |
paper: That dollar Is the best dollar
tnAt nuys the largest quantity Of food |
M ciosning. That dollar Is the gold |
dollar, Tor II puys more food and clbth.
Ing than any other dollar and WIN aiso
buy . silver dollar for s. cents IL the
coinage OF silver IL made free nj fbe
ratio or 10 to ] OF gold Experience mas
shown that the United States car, make |
tne silver dollar buy as much as Inc |
gold dollar. but II can only be done nv |
.ne government buying silver bullion as
needed and coining II into dollars ON |
government account. This has been
tried. Every country OF Europe. exccnt |
possibly Russia, republics and mon.
ercnles alike. maintain the gold stand
ard and silver coins at parity with Koid
~ even less ratio than the United
States and now Russia has boarded
over s4Vo,Oo9Wo or gold In preparation
for the gold standard which she win
adopt. VS.
We have now In the treasury belong.
ing to the government over $40, 900, 900
silver dollars represented by ccrfifi-
Gates and also silver bullion costing
over Sis, 600 900 In treasury notes In nc.
i've circulation and maintained at par
with gold at thu ratio of 10 to l. The
frpe cotnasa Of silver Is an Invitation.
not only to American miners, but 10
al miners or holders of silver in the
world to deposit their silver In the mints
OF the United States and to receive in
exchange therefor a silver dollar for
every 4l?l1 grains OF standard silver de.
posted. But that silver Is worth In
the market only So cents. Why should
we receive this bullion from the owners
OF silver mines at nearly double It's
market value when we have such vast
hoard in the treasury. which we hold
with difficulty at par with goid7 Tho
only object and effect of this measure
win be to degrade the dollar. to lessen
Its purchasing power nearly one-half, TO |
enable debtors to pay their debts at SO
cents for dollar and to cheat the pub. |
lie creditors who hold our bonds II
this policy should be adopted the United |
States will take Its place among the
nations of the earth as bankrupt. clos.
ing Its business at So cents on the dollar.
There 10 another element OF meanness
in this free coinage of silver. The Unit
ed States has always paid its bonds In
gold coin or its equivalent. In the dark
est hours OF the civil war we stipulated
to pay our bonds. principal and interest. |
in gold, or It's equivalent. All OF the war
debt has been paid In this way. A por-
ton OF II was paid in bonds bearing
lower rate OF interest. but we exacted
from the purchasers OF these bonds gold
coin or Its equivalent even while our
notes were below par In coin. About
$S47, 000, 900 OF these securities are now
outstanding. OF which $3.50, 100000 was
sold by this administration and paid for
In gold coin. It Is one OF the objects OF
those who advocate the free coinage of
silver to force the government to pay
these bonds in silver coin reduced In
value. 1t Is harsh to express this opIn.
ion of a measure favored by many good
people, but cannot regard 1t In any
other light than both as fraud and
robbery and all the worse IL committed
by a great. rich and free people. A cit
izen who should commit such an offens
would be punished by the courts or de
nounced as dishonorable, but q natio
like ours Is beyond the power OF an
tribunal but conscience and God.
Now, fellow-eitizens, i have said a
I desire to say at present on the fire
coinage Of silver. have the confider
hope that the great body OF the Reput
lican and Democratic parties represen
ing the conservative elements of o,
people will stamp their rebuke upc
this measure Of infamy and thus pr
serve intact the honor. the credit AZ
glory OF our great country. This matt
OF the free coinage OF silver and I
degradation OF the standard of val
involves not only questions Of none
but Of honor and good faith. When thu
honor Is involved, the people never 4
to respond. They have compiled wi
every promise and paid every debt co
tracted since the Organization of
national government. as 1t became d
They have paid four-flfths Of the del
contracted during the civil war. and
prospect was hopeful that all OF 1t woj
be paid before the close Of this centu
but this reversing our standards
value has, like the fire bell at mig
startled and alarmed our people.
us settle 1t by following the action
Washington. Hamilton. Jefferson.
ton, Hunter, Lincoln and Grant; let
maintain silver and gold at par v
each other ut the legal ratio OF is
until conference among nations
prescribe common standards of value
the meantime. let no act be done.
policy be adopted. no expedient reso
to that will tarnish the honor of
great republic.
speech was followed with long con
ued applause and after 1t had subs
Governor Bushnell arose to
INTRODUCE -ELEd
FORAKER
Mr.. Foraker was greeted with
feet ovation as he arose. Cheer
cheer rang through the enclosure
cries of "No rebel flags. Grover"
heard loud above the tumult. II
some time before the demonstr
auieted sufficiently for the speak
begin his address. and he was
rupted at frequent intervals. with
gied laughter and applause throud
his speech.
senator Forater's Speech.
Senator Foraker then spoke az
MI. Chairman. Ladies and Cent
II am not behind Senator sherm
the matter of having prepared 81
But 1t is not my fault that have
that form. The newspapers hs
habit OF requiring US. when we
opening speeches, as they call thd
write them out beforehand and
them to them, in order that they n
in type before they are delivered.
compiled with that requirement.
not my fault, as ! have said, that
but that Is all they can require
want Won IN know have mad