Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-08-28

gle stdhudrd ueinallded as relief from Il
system mat was intolerable. Said the
secretary under jackson: The PROPOSE
ton that there. can be but one standard
is self evident"
alton OF today. The battle of the stand
ards reNolved around the legal lie of n
false ratio, Then sixteen to one meant
the expulsion OF silver, the sole use of
gold. Today. sixteen to one means thp
expulsion of gold, the silver standard in
fact. The friends of silver fought for
10 as 10 /. The friends of gold for rs tn /
The aNowed purpose was a gold currency,
Gold won aud since 1884 this country has
N fact been a gold standard country.
Who were the gold bug Democrats that
threw us to a gold basis by the inpenioue
device OF a false ratio? Who are The Dem
ocrnts that would today be read out Of
man Of Nebraska? Andrew jackson
Thomas II, Benton ana John c. Colhoun
Who joined them in that crime Of 1874
and thereby fell from the high estate Of
statesman John Quincy Adams ana Dan
iel Webster once known to fame i'm the
grand old commonwealth until eclipsed by
the rising sun of G.. Fred Williams. ~
Mr.. Bryan in Congress wasfrank onoueb
to admit that the Gold Bill of 1894 demon
etized silver. Said he: The ratio Of Is
TO l o~verNalued gold and our silver went
abroad"
senator Roger G.. Mills. advocating free
silver. was equally frank. Said he: There
never has been a double standard in this
country from the organization of the, mint
to the present time. We had a silver stan
dard until 1884 and then gold drove silver
out Of the country and gold was the stan
dard u7ul 1861 when paper drove both out
Of oirc i1tion until 1919. In 1879 gold again
became The standard which measured all
values in his country"
The unlimited silver dollar was born
croupy. strangled by jefferson and bur
ried by Andrew jackson under a cross of
gold.
Can any man doubt that the laws of
trade would again drive out the dearer
metal. If we throw down the limit and en-
act another legal lie? Let my answer be
from a speech delivered in the United
States Senate at a time when the bAllion
value of a silver dollar was ~ninetH~tWo
cents: IL We coin It silver dollar Of full
legal tender obviously below the current
value of the gold dollar, we are simply
opening cur doors and inviting Europe to
take our gold. With our gold flowing out
from US we shall be forced TO the single
silver standard and our relations with the
leading commercial countries of the world
Will be not only embarrassed but crippled.
= = $ 1t would be an unfair adVan-
tage which this government has no right
to give to the owner of silver bullion and
which dcfraudS the man Who Is forced to
take the dollar. Unless we expect the
inyariable experience of other nations to
be in some mysterious way suspended for
our peculiar benefit We inevitably lose
our gold COIN Against the dogmatic as
seruon of the boy orator of the Platte /
place the far seeing thought of the states
man. James q. Blame.
mother answer from Il distinguished
! secretary OF The treasury: NV force OF
he laws of trade ouite indeIendent Of
those of Congress. the ie~gaI-tender siIvet.
dollar n act1aliy disa nnoared from rircf-
Iation as money ana although MOI aLoI-
ished hv act of congress if ia MOI ms .
matter of fact eyfs1 for commercial mr.
poses. and did MOI enter mo meney 59v-
monfs. Tn object ana intert Of The act
Of lS1s was c0nfrssedly 10 live to GOLD thr
precedenCn in the statutes of fhe conn
nv if held in tho commercial world nrsr-
tieaIIv and 10 declare me cold dol1ar in
law 10 be- what If was i'm fart-tbe rnnrp-
sentative of the money mir t;o!d RAD
for many years been treateI as No min
cit,.l u1Gnav Of COIN avr7pnIs in leeis-
lIti0u and in The transurfions of he
treasury Ipnartmrnt
yh,. honest words of nm honest man
whom Maine loved IN Than stats@-
m9uWpatrint tried ana ri,e-To NJ Nor
Nil ~
l. thie tho ago of r,ft.,rleso HIVE the
laws Of natura been Stis,oul.i mar -
eulrio1e Dnnocr.trv nav efarifr is 1,,st
for nowero II out dreams IN draau a.
mo .ilcbAlnists Of thr mijlle Inas i'm their
search To- nhanea al f3ei4IS to- s,ail ~
But even Mr. Bryim himself baS ad-
mittrd th.t INC ratio al III to Will he an
eXnerir,enf 1til ~ in touerase Anon
those IN ff[or Of himrra1iisn and in f4voI
Of Indr,rndcnt action on lie r,ari Of tha
I1-it@J sans tb.f. +. G,u..,s,. an, non
rs, dfGeronce Of onjnion as 10 tha mar