People's voice., 1896-06-25
BLAINE AND LOGAN.
Two Republican Statesmen Who Are
Dead and Gene L.cave a Warm
ing TO he PeOple-Will
Il e. HeeteG?

Il e. HeeteG?
TX nc sr.,u It speech made by Hon. as
G. ne .H. rrttei tates senate Febru-
AIRY | IS 'a.e trrn The Life of Blaine"
by James ,i.>uu irrce. LII. D., page SjO,l
On the mlcl veyrd and lOng-mOOted
que ipa as 10 timetable aud mono
metal. si.ura-tl, my own views are
sqnirieutly indicated in the remarks !
have u.sde, believe the struggle
now ryi1E on in this country, and il
other coGHtr,c-, for single gold
standard, would, if successful, produce
disaster in and throughout the com
mercial world. The destruction of
silver Is money and establishment of
gold aS the sole unit Of value must
have ruinous effect on all forms Of
property except thOSe investments
which yield fixed return ia money.
These would be enormously enhanced
IN value and would gain diSprOpOr.
tiOnGte and unfair advantage over
every other species of property. If,
as the most reliable statistics affirm.
there are nearly seven thousand mil
li0RS Of coin or bullion 10 the world.
not very unequally divided between
gold aud silver, it is impossible to
strike silver cut Of existence as money
without results which will prove dis
'tressiLg to millions and disastrous to
tens Of thousands. | believe
gold and silver coin to be the money
of the cOnSLitutiOn-indeed the mOuey
of the American people anterior to
the cOnStitutiOn-money which the
organic law Of the republic recog-
nlzed as independence of its own exist
'ence. No power was conferred on
congress to declare that either metal
should not be money. Congress has,
therefore, in nay judgment, no more
power to demOnetize, either than to
demOnetiZe both. y + If. There
fore, silver has been demonetized. /
am in favor Of remOKtizing it. II its
coiLage has been prohibited, am in
favor OF ordering it to be resumed.
If it has been restricted, lam ia favor
Of having it enlarged.
Extract from a speecly by John A. LocaE.
republican senator from Illinois, in the sen
ate January IL lS74 See Congressional Rec
ord, volume 2, part /, page 755
l can see benefit only to the money
holders and those who receive interest
and have fixed incomes. l can see as
a result of this Legislation our business
operations crippled and wages OF Labor
reduced to a pittance. | can see the
beautiful prairies,Gfmy own state aHd
the great west, which are blooming as
gardens, with cheerful homes rising
like white towers along the pathway
OF improvement, again sinking back
to idleneSs. Icansee mortgage flendsi
at their helliSh work. | can see the
hopes of the industrious farmers
blasted as they burn, corn for fuel, be-.
cause its price will not pay the cost Of
transportation and dividends of mil.
lions OF dollars of fictitious railway
stocks and bonds. Lean see our peo-
pie Of the West grOanlag and burdeu-
ed under taxation to pay debts
OF states, counties and cities
incurred when money was abundant
land bright hopes of the future we're
he'd out to lead them on. | can see
the people of our western states, who
;are producers, reduced to the coudl-
tion of Serfs, to pay interest on public
and private debts to themOney sharks
of Wall street, New York, and of
IThreadneedle street, London, Eng.
land. And this will be accomplished
by withdrawing the treasury notes
from circulation and destroying them.
until the banks can control the entire
volume Of money and thenseompel the
people to use personal CHECKS in lien
'Of mNoey-checks passing through the
clearing houses, which the banks will
establish in all the larger cities, to
enable them to make a 6ctitious
showing Of prosperity and fool the
peopleMitn the great volume of busi-
ness, which they will cause to be pub
lShed in the daily and weekly uewS-
papers, But remember, checks are
not money.
SlIWED IN MEKIf-n