The herald., 1896-09-27


| their own, they claim that those who
oppose them, are attacking the rights
of property.
A. ]. Balfour, London, 1896, leader
house of commons, England-Of all
conceivable systems of currency, that
System is assuredly the worst which
gives you a standard, steadily, continu-
ously, and indefinitely appreciating;
and which by that very fact throws a
| burden upon every man who desires to
promote the agricultural and industrial
welfare of his country; and benefits no
human being whatever. except the own
ers of fixed debts in gold.
Mr.. Griffin, London, England 1896, p
| prominent English financier and believ-
er in the gold standard, says: THE fall
of prices throughout a compass so gen.
| eral as that in which we now see them
| falling, is to be referred to an elevation
| in the purchasing power of gold and is
generally and 1 might say. universally
admitted"
George ]. Goschen. 1896. ex-chancellor
| of the exchequer, England-The fall of
| prices comes from the use of gold. For
| tunate are those who own sovereigns,
and unfortunate are those who own
| commodities, products and other goods
| London Times and Echo, 1S96--If the
single gold standard can be forced upon
| South America and Asia. as it has been
since 1878 forced on North America and
| Europe, gold must inevitably appreciate
to at least four times its present absurd
| value, or to put it otherwise, commodi-
| ties must decline to one-fourth of the
present price, and labor all the world
| over be crucified, as it never was cruel
| fed before in days of medieval serfdom
o. even chattel slavery. Such is the
! contest. If the money lords can force
monometallism on the whole world, they
will succeed in establishing the most gl~
| gantic moneyed aristocracy among the
| rich and the worst system of peonage
| serfdom among the masses" that has
ever cursed the "hapless sons of men,"
| Irving M. Scott, 1896-Had this coun-
| try not demonetized silver, hard times
would be stranger to us. The act of
1878, limiting the legal tender functions
of silver to S. tended to diminish prices
still further and has proved a canker,
growing continuously more obstinate.
Had silver not been demonetized, it
seems quite evident that prices would
not have fallen SO low as they are, and
| that less distress would have occurred.
A dollar has to perform far higher duty
now than it had to do in 1851. In other
words. there is a great scarcity of mon
| ey in 1896, as compared with that of 1851.
Besides, the money of today is largely
concentrated in a few hands, whereas
formerly it was more uniformly distrib-
uted among the masses. During the
period of eighty-one years, viz, from
1892 to 1878, the value lines of gold and
silver were nearly coincident; and
doubtless would have so continued till
the present time but for the demonetz-
f>e rrir,o Of cil tn 40 ST tS
a safe criterion by which to judge of the
future.
M Henry Cernushi, 1896, the father
of bimetallism. in April last, not long
before his death, said: 'The present
monetary policy of the United States is
consequently very advantageous to the
interests of England. gold monomet-
allie country, but it is utterly ruinous
as regards the foreign financial relations
of the United States, and especially for
its native producers. This is why In
asmuch as Englands attitude prevents
the realization of International bimetal-
ism and condemns one-half of the
world to gold monometallism and the
4 -r-Y~-l---~I -l-.eorTr-j rvro-s-..e-s -ss.s---'
the United States, to become l, Ger
unshi, the father of international bi-
metallism as am everywhere called-a
the United States would give bimetal-
lism."
Professor Laughlin, 1896, University
of Chicago-There is no such thing as a
standard of value for future payments
either in gold or silver, which remains
absolutely invariable.
Jay Cooke, New York. 1861 believe
that II we had an honest supreme
court Cd it would declare that closing the
mints to silver coinage was unconstitu-
tional l am not ashamed to appear as
conscientious advocate for the restora-
ton OF silver as an e@lal partner with
gold, at the old ratio, and believe that
the demonetization In 1873 was a con-
spiracy and a crime as John G. Carlisle
said in 1878, from which there could be
no recovery except by riehting the
wrong as speedily as possible.
B. O. Fowler, 1896, editor The Arena
This country will yet produce it's John
Bright and Richard Golden in this
emergency, as in the past 1t produced its
Whittier. Sumner, Phillips and Lincoln
and the time is near at hand.
Clarence EAllen. 1896, member of con-
gress, Utah-By the decentralization of
silver in 1873, done as l believe in the
the people and against their present
welfare and their future prosperity, a
| blow was struck a t the integrity of the
United States. under which it has reeled
and staggered for the last twenty three
years. In spite of continued discussion
iI the congress of the United States, in
spite of congresses elected pledged to
the restoration of the white metal to
its use as money, in spite of the growing
distress of the agriculturists of the ma
tion, and the narrowing profits in all
business, in spite of all true principles
of monetary science, this economic evil
has been persisted in; and now, more
than twenty years after the great wrong
against the people of the United States
was wrought it Is sought to take an
other step which inevitably must sti1le
industry and overwhelm our people with
greater Indebtedness.
John G. Carlisle, June l. 1so6-Neither
silver certificates nor silver dollars are
redeemable in gold. Gold and silver
dollars being standard coins of the Unit
cd States are not redeemable
Senator Cockrell 1S96-It is this mon
ey power of Europe and the money lend
er who want the gold standard. Why do
the Rothschilds and the Belmonts and
the Morgans want it? Is it for the inter-
est of the toiling masses? Is it to better
the condition of the masses? Is it patri-
otism? Is it philanthropy? Is it human
ity? Let the people think. Are those
men acting from these motives, or is it
f,,, I, - TO-.