The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1896-09-26
srATEsMEN's VIEWS ON MONEY.
Opinions That Have Been Expressed
in the Past by Men of All
Political CFeedS.

WILLIAM MCKINLEY.
From a Speech in the House of Represents
tives, June "a, lS9O-COngreSSiOnal RECORD
Vol. q, page q, 447.J
81 am for the largest use of silver IL
the currency of the country. l woul'
not dishonor 1t; 1 would give it equa
credit and honor with gold. 1 woulc
make no discrimination. l woult
utilize both metals as money and dis
credit neither. l want the doubl,
standard.
(From McKinley's Speech in the Congressiona
Record in favor of the Sherman BILL
1--WE get by this bill the use of oul
entire silver product, and We make that
product into money that is safe for use
in the hands of the people. and will be
good for all time wherever and by
whomsoever held. Mr.. Speaker nc
man should hesitate between the
81, 900, 900 Il month we have now and
the "a, 800, 900 n month that we shall
have under the proposed law. We get
an increased volume of money with
safety t. the government and the
citizen. Pass this bill, and what do
we haveP An increase of $50, 600, 600
annually of circulation to be put out
among the people and into the avenue
of business. For one, Mr.. Speaker, l
will not vote against this bill and thus
deprive my people and my country and
the laborers and producers and the
industries of my country of $50, 900, 900
annually of additional circulating
medium"
JAMES G.. LAINE
fExfract from n Speech Delivered in the
United States Senate, February Z, 1881
al believe the struggle now going on
in this country and in other countries
for a single gold standard would, if
successful, produce widespread disaste
in and throughout the commercial
world. The destruction of silver as
money, and establishing gold as the
sole unit of value, must have a ~ruinous
effect on all forms of property except
those investments which yield a fixed
return in money. Those would be
enormously enhanced in value, and
would gain a disproportIonate and
advantage owe every other
of property. If, as the most
statistics affirm, there is nearly
seven billions dollars of coin or bullion
in the world, very equally divided
between gold and silver, it is impossi-
BILE to strike silver out OF existence as
money without results that will prove
distressing to millions and utterly
disastrous to ems of thousands.
81 believe gold and silver coin to be
The money of the constitution, indeed,
the money of the American people
to the constitution, which the
great organic law recognized as quite
independent of its own existence. No
power was conferred on congress to
that either metal should be
Congress has, therefore, in
my judgment, no power to ~demonetIze
any more than to demonetize
yold-no power to demonetize either
my more han to demonetize both.
Few persons can be found, | a~pprehend,
who will maintain that congress pos
,esses the power to demonetize both
gold and silver, or that Congress could
pc justified in prohibiting the coinage
If both, and yet in logic and legal con-
Itruction it would be difficult to show
where and why the power of congress
,ver silver is greater than over gold
greater over either than @ two. II,
therefore,, silver has been demonetized,
am in favor of remonetizing it. If
Is colnage has been prohibited, | am
n favor of ordering it to be resumed.
f it has been restricted, / am in favor
4 having it enlarged"
GEN. JOIN 4. LOGAN
from a Speech in the Senate on With
drawal of Treasury Notes.)
[, for one, can see benefit only to the
money holder and those who receive
interest and have fixed incomes. /
see, as a result of this legislation,
ur business operations crippled and
for labor reduced to a mere
ittanoe. a see the beautiful
raIries of my w state and of the
reat west, which are blooming as
ardens, with cheerful homes rising
Ike white towers along the pathway of
Improvement, again sinking back to
| can see mortgage fiends at
heir hellish work. | can see the hopes
( the industrious farmers blasted as
ley burn corr for fuel because its
rice will not pay the cost of trans
ortation and dividends on millions of
ollars of fictitious railway stocks and
onds. l can see our people of the
rest grooming and burdened under tax
to pay debts of states, counties
nd cities incurred when money was
abundant and bright hopes of the
were held out to lead them on.
can see the people of oHr western
tates, who r producers, reduced to
he condition of serfs to pay interest on
and private debts to the money
harks of Wall street, New York, and
( Threadneedle street, in London,
.nOIand ,