The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-05-18

1
answer TO nil the charges that Nc
Klnley is doubtful on the silver Ques-
ton:
Why IIe Opposes FREQ Coinage.
From MclIinley's Speech In Congress,
Juno Is, 1880,
Now I believe, Mr. Speaker, that we
should preserve these two moneys gold
and silVer) side by side. And II Is be.
cause want to preserve these equal
standards Of value that opposed and
shall oppose concurrence in the senate
amendments (providing for free silver
| coInage) do not want gold at
premium, l do not want silver at dis
count, or vice versa, but want both
| metals, side By side equal In purchasing
power and In 1egal-tender quality, equal
| in power 10 perform the functions Of
money with which to do the business
and move the commerce OF the United
| States. TO TELL ME THAT THE
FREE AND UNLIMITED COINAGE
OF THE SILVER OF THE WORLD,
IN THE ABSENCE OF CO-OPERA-
| TION ON THE PART OF OTHER
COMMERCIAL NATIONS, WILL NOT
BRING GOLD TO A PREMIUM IS TO
DENY ALL HISTORY AND THE
WEIGHT OF ALL FINANCIAL EN-
| fEHlE 6Rk1Es AUG very AAAokhHS NHeS
you have opened our TnIntS to tho silver
bullion OF the world independently of
international action, that very instant,
or IN a brief time at best, you have sent
gold TO a premium. and when YOU have
sent gold to premium, then you have
put II In great measure into disuse and
we are remIttcd to the single standard.
that Of silver Nlone--we have deprived
ourselves OF the active use OF both met
ais,
II Is only because Of the safe and com
sentative financial policy OF the Re-
publican party, aided by conservative
men of all parties, which has more than
once received the approval OF the coun-
try, that since 1878 by our legislation we
have compelled gold and silver to work
together upon an equality, both employ
cd as safe means OF exchange in the
business Of our country. Let the bullion
Of the world come into this market from
Europe and Asla,and then, whether gold
flows out Of this country or not, 1t flows
out OF the channels OF business and tho
avenues OF trade, and We are IN dam
ger OF being driven to the use Of silver
alone. want the use OF both silver
and gold. The gentlemen who favor the
amendments OF the senate want silver
to do the work alone, To be the sole
agency OF our exchanges. Those OF us
who believe in conservative legislation
want 10 utilize both metals and make
both respond to the wants OF trade,
They talk about silver being Cheap
money" And gentlemen no longer con-
cenl on that side and on this that the
reason they want silver Is because 1t IL
cheap" ! nm not attracted by the
word ''cheap," whether 1t lS applied to
nations or 70 men. or whether 1t is APP
piled TO money. Cheap, as the term has
been employed In this debate, Is an evil
dencc Of financial disqualification
and commercial infcriority Cheap Is
badge Of degradation, whether II IS APP
piled to individuals or whether 1t Is ap-
piled to money, and ! do not propose
by any vote OF mine to force the people
Of the United States, the farmers and
laborcrs, to the cheapest money OF the
world or to any policy which might
tend in that direction. Whatever dol
lars we have in this country must be
good dollars, Ms good In the hands ntuhe
poor as the rich; equal dollars, equal In
Inherent merit, equal in purchasing
power, whether they be paper dollars.
or gold dollars. or silver dollars or
treasury noteS-each convertible into
the other and each cxchangeablc Tor
the other because each is based upon
equal value and has behind i equal
security; GOOD NOT BY THE FIAT
OF LAW ALONE, BUT GOOD BE-
CAUSE THE WHOLE COMMERCIAL
WORLD RECOGNIZES ITS INFER
EMIT AND INEXTNGUISHABl.E
VALUE.
There should be no speculative fea-
lures in our money. no opportunity for
speculation In the exchanges OF the
people. They must be safe and stable.
Not willing TO Chance 1t.
From McKinIey's Speech Of Candidate Tor
Governor, at Niles, o.. August =, NIL
The nations which are on silver
busis alone are the poorest nations Or
the world and are in constant dis
turbauce and monetary disorder.
Governor Campbell declared that
while he had doubts about It he was
willing ITO chance free and unlimited
coinage Of silver" arm not WILLING TO
''chanGefit,
Now, tha people know that II We had
two Sardstlcks. one three feet In
length and the other two and hair
feet In leEnth, the buyer would always
have his goods measured tn him by the
shorter stick and the longer stick would
70 into permanent disuse. II Is exactly
so with money.
AM. MI In FNNDh VI 4 ~
FREE AND UNLIMITED COINAGE
OF SILVER IN THE UNITED
STATES UNTIL THE NATIONS OF
TIE WORLD SHALL JOIN US IN
GUARANTEEING TO SILVER a
STATUS WHICH THEIR LAWSNoW
ACCORD TO GOLD.
What Ho Means by Double standard.
From McKInley's Speech in Michigan 1881.
am In favor IT the double standard
hut am not in favor OF the free and un-
limited coinage Of silver in the United
states until tho nations Of the world
shall Inin us IN guaranteeing to silver
n status which their laws now accord
10 gold.
The double standard Implies equality
at ratio. and that equality can only
be- established by the concurrent law OF
nations. II was the concurrent law OF
nations that made the double standard.
II will require the concurrent law ~
nations IL rc-inStRtc and sustain u.
Until then, for US to decree the free
and unlimited coinage Of the worlds
silver would be to Ordnin that our silver
dollars must surely deprecIatc aud gold
Inevitably 20 at a premium. No man
knows what the future may be, hut In
our present condition, and with our
present light, every consideration ~
safety requires us to hold our present
status until the other great naGNls
shall agree to nm International ratio.
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Ninety Per Cent
OF ali the people need TO take n course