The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1896-11-02

price OF gold. He endeavoted even be-
fore his Inauguration to office to stop
the coinage of silver dollars, and after
wards. and to the end of his admins
t%ration, persistently used his power to
that end. He was determined to con-
tract the circulating medium and de-
monetize one of the coins of commerce.,
limit the volume of money among the
people. make money scarce, and there
fore, dear. He would have increased the
V&lU"'f money and diminished the vaiue
OF everything else-money the master,
everything else the servant"
In his annual message to congress In
December. 1890. President Harrison
said With reference to the operation OF
the sherman silver law, then but re-
Gently passed:
The enlargement OF u currency by
the silver bill undoubtedly gave an up
ward tendency to trade n had a
marked effect on prices. but this nat
IRA and desired effect OF the silver leg
i%slation was by many enormously at
tributed to the tariff act"
In his annual message of Dec. 6. 1892.
President Harrison. speaking Of the
international monetary conference.
then in session (the last one that ever
metz, said:
IF n temporary check or delay in
tervenes, l believe hat very soon com
mercial conditions will compel the now
reluctant governments to unite with us
IN this movement to secure the en-
largement of the volume of coined
money needed for the transaction Of
the business OF the world"
But the reluctant governments nave
not united with us. and show no dis
position to do. Prince Bismarck says
the surest way to secure their CO.
operation Ia for the United States to
declare for international bimetallism.
General John \. Logan said Of the
policy of contraction that accompanied
the demonetization of silver:
Il. for one. can see benefit only to the
mOney-holder and those who receive
interest and have fixed Incomes.
can see. as a result of this legislation.
our business operations crippled and
wages for labor reduced to a mere pit
lance. l a see the beautiful prairies
of my own state and Of the great west,
which are blooming as gardens, with
cheerful homes rising like white tow
ers along the pathway of Improvement,
again sinking back to idleness. can
see mortgage fiends at their hellish
work. | can see the hopes Of the in
duStriOus farmers blasted as they burn
corn for fuel because its price will not
pay the cost of transportation and div
idends on millions of dollars of fcti-
tious railway stocks and bonds. l can
see our people Of the west grooming and
burdened under taxation to pay debts
of states. counties and cities incurred
when money was more abundant and
bright hopes of the future were held
out to lead them on. I can see the peo-
pie Of our western states, who are pro-
ducers. reduced to the condition OF
serfs to pay interest on public and
private debts to the money sharks of
Wall street. New York. and Of Thread
needle street in London"
Senator William B. Allison Of low
said in the ena June 6. 1890:
The affairs Of this world cannot be
conducted upon the single basis OF
gold: and the war and contest today Is
between those who seek to destroy and
outlaw silver and those who seek to
place it upon an equality with gold.
That is the contest. M l am for the
full and complete restoration Of silver
as one of the coin metals Of the world,
and therefore, l propose to do whatever
| can to promote that most desirable
object"
Bob Ingersoll said: Silver was de-
monetiZed by fraud. 1t was an inpo-
sition upon every solvent a fraud
upon every honest debtor in the Unit
ed States. 1t assassinated labor. 1t
was o in the interect Of avarice and
greed. nj should be don by honest
men. The FARMERS shoul vote only
for such men as are able and willing 20
guard and advance the interests of la
Dor"
Senator Thurston said: 1T is better
that we should, If necessary, buy gold
at a premium to settle our foreign bal
ance with than that the American peo-
pie should be compelled to pay higher
prices in human labor and human en-
deavor for a dollar because Of the
adoption of the single gold standard.
I am an advocate of the American the
ory 7 have no doubt the remonetiza-
ton Of silver in the United States
would speedily and certainly appre-
ciate the price Of silver, not only in
this country. but throughout the whole
world"
Ex-COngressman B~utterworth Of
Ohio. in a recent letter, said:
is II not lOilS W suppose nat the
capitalists of E~nsland-and they are
the capitalists of the world-will be
easily persuaded to agree or consent
to bimetallism? Why should they?
How is it to their interest to do so, while
we consent to make it to their advan-
tage to refuse? They have doubled the
value of their credits by d~emonetizing
silver. and thus. in effect, doubled
the interest received by them. The
United States Numbered into tina trap
and within a year beggared millions O
her citizens. and. If We adhere to the
blunder, will beggar 5000. 900 more, and
double the burden Of every debtor and
every burden-bearer in the land"
The Republican national platform Of
1883 said. William Mckinley being
chairman Of the committee on plat
form:
The Republican party Is in favor Of
the use Of both gold INC silver as
money and condemns the policy Of the
Democratic administration (Cleve-
lands first administrator in its eff
forts to demonetize silver"
The Republican national platform Of