The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1896-09-10
MoNoMETALIc BUGBEARs.

ard press and Of the speakers who have
been brought into line at the instance Of
the force Of capital were we'll answered al
Salem, Oregon, on Saturday lasf by May
or Pennoyer, of Portland, who said:
"a few years ago many yersons who
had learned the lessons taught by history,
and who, reasoning from cause tc effect,
foretold the disaster that would befall
the country by continued refusal to re-
store silver as standard money, we're
denominated by the plutocratic press Of
the country, which invariably sneezes
whenever the bankers take snuff as ''ca-
lamity howlers." The tables are now
turned, and now the bankers and their
papers have become the very worst kind
of calamity howlers.' They prognosti-
cate all manner Of evil from the restora-
tion Of silver as money. They declare
that it will drive gold all out OF the coun-
try. That is just what they prophesied
when the Bland law was passed eighteen
years ago, and they now ignore the fact
that from 1878 to 1890, while that law
was in operation, the treasury reports
show that the imports of gold exceeded
the exports by two hundred and twenty
million, and that the stock OF gold in
creased in this country over $3.50 ,000, 900.
Another bugbear is that foreign nations
will food our country with silver. There
ia no danger. All the nations desire more
silver, and would very much like 1t we
would continue to purchase it as they
have been doing at its deprecated value,
as commodity instead Of being hereaf-
ter compelled to pay its real value as
money. Another bugbear is that the
restoration OF silver is In the interest OF
the silver mine owner and would benefit
him. Its decentralization is in the inter
est Of the gold mine owner and why
should he be benefited any more than
the silver mine owner. Both gold and
silver are money metals 30 recognized by
the Constitution and both should be
treated exactly alike. OF course the res
toration Of silver would benefit the silver
mine owner just the same as it would
benefit all other classes, including those
who are so bravely fighting against it.
another misstatement OF the mono
metallists is that the present higher value
OF the United States dollar over that Of the
Mexican dollar lies in the fact that our
dollar is redeemable in gold, while the
Mexican dollar is not. That is not true.
From 1878 to October IA, 1891, no one
even for one moment supposed that the
United States treasury would ever be
foolish enough to redeem silver certif-
Gates or the treasury notes in gold and
yet during that period, the same as since,
their increased value oyer the Mexican
dollar was maintained. The old trade
dollar OF 400 grains, not legal tender,
sold at discount at from five to fifteen
per cent, while the present standard dol
lar OF 41216 grains stands about at par,
and would forever stand fully at par il it
was made full legal tender, which it is
not now, as the law gives the banker that
most unjust privilege which no other ma
ton on the face Of the earth ever gave to
its citizens, Of discriminating against siI-
yer, the lawful money Of the realm. Re-
store silver as standard money, make it a
full legal tender in payment Of all debts.
public and private, refuse to any and all
.
citizens the right to discriminate against
1t, and then the demand for sound money,
hard money will be so great as to forever
maintain 1t at par. 1t will then, when
treated like gold, be just as good as gold.
The monometalIists deny that tbs be-
stowment Of legal tender qualities will
affect it's value, and yet they take very
good care that gold shall be full legal
tender money. Their actions completely
belle their assertions"