Arizona weekly citizen., 1896-11-07
WHAT BLAINE SAID.

A great many quotations from Blaine nss been used by Me. Bryan duriog the present campaign, with the idea of con vincing people that he favored the free and unlimited coinsge of silver, from the pressnt democratic standpoint. The following extract from 8 speech deliver ed by the Planned Knight, in the Sen ate, on February ', 1878, gives his views on the question so plainly thai they cannot De mieunoerstood:
 The responsibility for re-estabiishlng silver in Its ancient and honorable place as money in Europe and n Amer ics, deyoives really upon the congress of the United States. If We act here with wisdom and htmness, We shall moi only successfully remonetze silver ana orIDg I. into general use as money IL ,ur own country, but the influence Ci our example will be potential am.ng Eurcpezn pstiops, with the p"ss e!' excs plion of England Iudeed, our au- nusl lndebtment 10 Europe is So gresi c. at, If Wa haze the light to pay m eiI- ger, We necessarily cJerce thOse DsJiout uy ths strongest of sil forces, self inter est, to ais; Us lc unnoldlng inc value O. s.iv.r as money.
 But If we attempt tue remonetlZatioG -Jua bssis which is obviously and notorI- ousi, below the far standard of valre as it now existe, we incur sll the evil coneeq uences of failure at home, aLo the certainty of successful opposition abroad. We are, and shall be, the greatest producers of silver In tEe world quo We have larger stGke m its com- piete mopetizstiGn than any ether coGn- t!y. The difference to the United States between the general acceptance and the general destruction or eiiver ae money in tue commercial world will, possibly, within the Dext half century, -qusi the entire bonded de5J of the ns tion. But to gain thie advantage, We must mske II actual money, the accept d equal of gold in the markets Of the world Characterization here, followed oy general remonet;ZHtion in Europs, SIll secure to ths United States the most stable basis for its currency that we have ever enjoyed. and will effect auily aid in solving Rii the problems by which our financial tuation is sur rounded.
 
 question of bl- -bimetsllic or mono- metallic standard, my own views are cuff ciently indicated in the remarks l have made. 1 believe the struggle now going On in this country, and in other countries, for a single god standard, would, If successful, produce disaster the end throughout the commercial world. The destruction of silver as
 
 money, and the establishment of golo as a sole unit5 of value, must have a ruiaous effect on all forms of proper y -xcept those investments which yield a fixed return in money. Tbeee would be enormously enhanced in value, and would gain & disproportiouste. and therefore unfair, advantage over every other spec,es of property.
 If, es the most reliable etetistict if ID, there are nearly seven thousand m ions of cjIn or bullion in the world, not very upeVenly divided between gold and silver, it i5 impossible to strike sil- yer out of existence ss money without results which will prove distressing to miIiiors, and utterly disastrous to tens of thousands. Alexander Hamilton, in his able aud invaluable report m 119l on the establishment of 8 mlnt, de- clsred tbat "to annual the use of eithe god or silver ss money is to sbridge ,he quantity of circulating medium, and [. liable to sll the obj=cG ns which arise from a comparison of he benet of full circulation with the evils Of | scanty circulation" I tske no risk ir saying that the benefits Of full circu Iation. and the evils of 8 scsnty circula- t;op uro hofh i'm pnoaeurablv preater fo- day tusn they were when MT. Hamilton uttered these weiehty words, always provided that the circulation is ore of actual money and not of deprecisted promises to pay.