Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-10-06

plain that it can not be misunderstood.
This was nv record then, and have had
no reason. to change It since. nor do want
10 stultify myself by appearing 10 DO so
for expediency's sake. This report TO
Senator Stewart also presents the query:
Does not the mine owner see the force oil
the point made in the report. and are
they not trying to use good Democrats like
Won and me to pull their chestnuts?
I also recall a personal observation IN
the workings of the deprecated nat paper
money while 1 was spending month or
two at Carlsbad, in Bohemia, Austria. IN
1884 which YOU will pardon me for refer
ring to- The money in circulation there
was fiat paper money issued by the state
of Bohemia. which was legal tender mon
ey i'm Bohemia. and for which l exchanged
United States greenbacks and notes OF the
Bank of England side by side for this 30
hemian legal tender money al about -
cents on the 81 or a little more than TWO
dollars Of their money for one OF our mon
ey. and I paid for everything while there
in their own deprecated money. In Cd
serving the results in the use of the depre-
ciated currency, l noticed that in notes
and other living charges the ratio OF Y III
their money for 81 in gold or bank notes OF
other countries at parity with gold was
the rule. But observing large numbers oil
Iaborers on public and private works l
was curious to know how they Jared !
found by investigation that they were
paid in their own deprecated money from
IS to 50 cents per day which in American
money was "a or % cents. l also took
occasion TO see these men eating their
MONDAY meal. and l saw that 1t con-
sisted of nothing else than coarse brown
bread on which they spread some lard, or
grease that looked like lard, and this con-
stituted their entire meal. l felt Just
pride in seeing our American money
standing in the front rank of the best
money in the world. and / felt profoundly
grateful that I was an American citizen
and that the laboring men of my country.
were not as the laboring men of that coun-
try and now with these object lessons be-
fore us-one of deprecated silver, and the
other of deprecated fiat money, for Mr..
Bryan stands upon both the Chicago and
Populist platforms. which together de-
clare for both free silver and fiat
paper money to be issued without
limit by the government feel that
it would be objectionable for me
to vote to take this country out of
the front rank of the great commercial
nations of the world and place It financi-
ally with the less advanced and less in
telligent silver nations. 1t would be turn
ing the hand of progress backwards in
this great country. What would be more
humiliating to the pride OF our citizenship
than 10 see American money exchanging
at 50 for 81 of some insignificant country
upon a sound money basis, whose dollars
are worth 100 cents all over the world?
The question in a nut shell is: If you are
entitled TO receive a dollar to-day. and are
offered in payment the choice between
one hundred cent dollar and a fifty three
cent dollar which would YOU take? You
would take the one hundred cent dollar
every time. Now you are asked to take
IN the future a tifty-three cent dollar. II
you do not take 1t now, as matter of
choice, on what theory should you vote
10 take II In the future? IF IL is upon the
theory of higher wages. then you have the
experience and history OF all times and
countries. that wages do not advance in
proportion to the depreciation in money.
4 Someone has said that lit will do to fool
the other fellow If you can--but it won't
/ do to fool yourself
I have always been a bimetallist in the
/ true meaning Of bimetallism. NY record
has been consistent and earnest in favor
Of the largest amount of silver that could
be used on parity with gold. ! favored
a proposed amendment to the bill to repeal
the Sherman law prohibiting the issue of
paper money below $40, so that no money
should circulate below so but gold and sill
YER This would have increased the cir
culation of silver about $500 200, but
strange to say many of the Senators-pro-
| fesing to be in sympathy with silver, were
| opposed to the proposition.
-Bimetallism does not mean the mere
/ coinage of gold and silver into money.
Bimetallism means the circulation Of the
/ two metals at a parity with each other If
the parity of the two metals is destroyed.
then there is no bimetallism, because the
two metals will cease to circulate as the
| equivalent OF each other. and we will have
! monometallism Of the cheaper metal.
1t is a remarkable fact that there is not
| in the world to-day n single bimetallic
country That IS. n country in which the
/ mints are now open to the free and unlim-
tied coinage Of both metals and both met
/ ais are maintained at n parity with each
other. Every free silver coinage country
/ is on silver basis with gold at premium.
| and every gold using country is on gold
| basis. but the difference IS that the gold
| standard countries are maintaining
/ large amount of silver in circulation on
| a parity with gold, while the silver using
countries are not maintaining any gold
! upon parity with silver
The gold standard countries are Ger
many. Great Blitain, Denmark, Norway
| Sweden. Finland. Egypt, Roumania. Tu-
mis-. Aurtro- Hungary. Chilli. Costa Rica.
Belgium, Holland. France, Italy. Greece
/ Switzerland. Spain, and perhaps others
not enumerated. Russia being practically a
| gold standard country but many of these
/ countries like the United States are main
/ tanning the parity of the silver they al
ready have in circulation with gold.
The countries upon a silver basis are
confined almost entirely to China. Japan.
! Asia. Mexico and a portion of the South
American States. including the use Of sill
yer in India. but the coinage of silver has
! ceased in India.
The United states to-day IS the greatest
bimetaIic country of the world, in the
sense of maintaining a large amount Of
! circulation both gold and silver on pari-
" with each other 1t is maintaining at a
parity more silver money than gold money.
According to the statistics of the Director
of the Mint. as given in the World Altman
ac and Encyclopedia for 1896, the circulate
| ing money of the United States included
1891 OOO OC0 gold 1884 O0O O0O silver and in ad-