The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1896-08-28

maintain silver dollars counted IA tho
ratio Of 10 to 1. at par with gold because
l the silver dollars are q legal tender
That u not the reason NJ all. The rea-
son silver dollars are maintained N
par with gold II because silver dollars
and every other form OF United States
money, are redeemabie In gold. CAP.
plnusc.) saw that they were selling
Mexican dollars ON the streets today
and ! thought I would like 70 see them
do not want TO palm any OF than on
on anybody. but sent down and goi
q couple Of them and have them here
There are two Mexican dollars exhibit.
Ing eAmeli bought them for one Unit.
ed States silver dollar. There are siz
grains more Of pure silver IN each OF
these Mexican dollars than there u II
this ope United States silver dollar,
These Mexican dollars down In Mcxi-
co are legal tender. They are worth
down IN Mexico. where they nre legal
here In the United Statch You can buy
in the City OF Mexico with one OF our
silver dollars two Mexican doliars-or
practically that q few cents difference.
Why Is Il? In II because the Mexican
dollars are legal tender? No: It IL be-
cause the Mexican dollar has no ra-
deemer. (Oreat laughter and appiause.)
When you get the Mexican dollar you
are at the end OF your business transac-
ton. That Is money. That Is the high
est money they have In circulation. But
when you get the silver dollar Of the
United States, You find II worth q dollar
| IN gold, because II you want the gold
| all you have got to do 10 to ask for It.
| That II all you ever had to do under Re-
| publican rule
How - IT, this dollar Is made redeem
able In gold7 Not by express dscisra-
ton. But by the declaration which
Senator sherman read % You and sim
pledges the government Of the United
States 10 maintain the parity OF gold
and silver dollars. How can you main
tain that parity2 Only by at all times
being willing and able to pay out gold
for silver to anybody who wants 1t.
"a voice. ''You are lucky.''} Yes, ] am
lucky. There is a one dollar bill lex
hibiting same That is a certificate that
somebody has deposited one silver dol
lar In the vaults OF the United States
treasury at Washington and he can
have II back again whenever some-
body brings that paper. That IL not
cording to Mr. Bryan, we ought to find
this representing the intrinsic value OF
the silver. He says the silver dollar Is
as good as gold because II IL q legal
tender. VIII somebody explain to me,
who accepts his announcement. why
this silver certificate, which Is not
legal tender. should be worth just as
lar. or any other dollar that the minis
OF the United States ever put forth?
There 10 only one answer 10 IL, and q
man does not have to live In the country
of the Platte to understand what It is
either; The answer Is that II 10 the pol:
Icy of the government OF the United
States and the congress OF the United
States to put forth Its pledge to main
tain that policy; to keep every dollar OF
Its money. whether silver or paper, at
par with gold and everybody knows
you can have the golh for 1t. That is
why 1t 10.
Now, has this beenla good policy or
not? Ihave other pieces OF money here
representing the same thing. We have,
you know. six different kinds of paper
money. do not know whether you
I counted them and do not expect you
did. You did not know 1t because you
have never taken the trouble to find
out; and you have never taken the
trouble to ind out because you knew
the general fact and were satisfied with
It that no money. whether II was ia
tlonal bank note. a greenback note. a
a treasury certificate. no matter wheth-
er 1t be made legal tender by law or
not. 1t Is the money you know, of the
United States of America, and behind
which this great and powerful govern
ment of ours stands. and you know
that our government has given you its
pledge that you can have the gold for
1t whenever you want 1t. And, there
fore, when / pay you with a silver GER
tificate you do not look at It; or when
i pay you with a gold certificate. you do
not look at t. You do not know whether
1t Ii gold or silver you are getting. You
do not stop to inquire whether 1t Is q
national bank note. but you take It.
You are glad to get II. You will take
1t inside out, upside down or in any
way. Just as you get ii. Continued
cheeringO
That Is true because II has been our
policy and we have steadfastly and sue
cessfully pursued 1t. of maintaining all
our money at par with gold.
And now, what about the gold? 1t
does not have to have any redeemer;
does II? The government does not have
to say II VIII redeem the gold dollar
All the government does with respect
to II Is to say-this Is u dollar. or ten
| dollars, or twenty dollars, or whatever
the denomination may be. 1t simply
certihes as 1t comes from the mint that
1t possesses the requisite amount Of
| gold to be named as 1t names II, and the
| gold does all the rest. II will no any
| where in this country; anywhere ali
over the world, and 1t Is worth Just as
| much IN one country as Ii Is In another
And II you want to put II under ham
mcr and hammer of the eagle, and
hammer on the Inscriptions upon Ii and
| pound 1t up into a rolled ball of hui
| Hon. IL would still he worth lust as much
anywhere In this country as IL was with
that certificate upon 1t, and worth lust
as much In China. Japan or Europe or
any other country. Nobody has to
| guarantee II.
Now. my citizens, has 1t or not
been wise that we have pursued This
policy? Haven't you been proud of the
currency OF the United States during
all these past years? Hasn't ii heen
the pride OF every patriotic American
that as our gold would travel around
the globe. so too. would every dollar
of our paper money. being redeemable
In gold, travel everywhere and be every
where honored at It's face? Every Amer
lean has been proud of Il. Every husi-
ness man has profited by II. Every
laboring man has derived benefit from
1t. We have hadaa stable currency As
Senator Sherman has pointed out. we
have had an abundant currency. There
has not been any trouble with 1t until
during the last two or three years I'm
til AIR. Cleveland came into power the
second time, you did not hear any COM
plant about our money, did you? You
gold reserve. Allsthis trouble has arisen
since then. Why? Simply because. as
every Intelligent man knows, they
udopted n nollcy of free trade ms contra :