West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1896-10-22

-tf+t@*'rt, 49, AT FtAktH<HIEI. Ir<<>.
*Alibonsh England sclevciand deserve.
and Germany are now some credit. and
moving for bimc;ai> slouid have ID album
| iissn aud the larger dainty aud unssinf.
use 81 silver. the Pres ingiy, Alter becoming
idens lSlevelsndl re- President heidi ali in
mans silent his power 10 educate
~Thetime will come the peoplo and .fo,,
when the silver i'm the the Tree silver move
treasury will perform mcntN
the functions Of mon THE trouhle Il that
ey as OF old. and the silver in theiasf thirty
trouble will be ruAr years has become too
rhkRE fs Sorroo MUCH abundant throughout
OF 1T, But 100 LtrrLE," the world 10 Justify its
= The people are too free and unlimited
intelligent 20 permit coinage. / would not
values 70 oe measured favor making gold the
py gold aione,the pro- standard OF value If
duct of which Is CON the quantity OF gold
srAsrLY DIMINISHING wasfound CONSTANTLY
IN thk WORLD. plNfSfsHfNG."
You next tell US: "The money
question is always q difficult one"
You touch upon this theme some
what gingerly, but there can be no
mistaking your meaning, your mean.
ing Is that we plain people" can
not understand the deep financial
problems. ana that the leaders of
the new revelation are going to mis-
lead US. This has always been the
cry Of the plutoeratic party in this
country when arrayed against the
masses. The old Federalists said
that Jefferson was "misleading the
people, and the United States bank
and its allies, the bankers, specula-
tors. and syndicstes of that day,
charged that jackson was s.mislead.
ing the people Jefferson aud
jackson in their day aud generation,
made precisely the same fight that
Bryan is making today; aud they
We're then denounced as revolution
lists precisely as You denounce Bryan
and Sewall and the other Demo
cratic leaders.
Your next heading is:
What does the free and un.imit-
ed coinage of silver msan?"
confess, Senator, that your
method of statement is entirely
original, aud has elements OF
strength. Oae of these elements
consists IN the substitution of as.
sertion for proof, and a second is an
inability on ycur part to distinguish
a legitimate argument from palpa
bic absurdity. You admit In an-
swer to your own question--what
does free silver mean?--that IL
would add 500 millions OF money
or dollars Of silver To our currency"
This, you argue, would be great
calamity. aui would benefit NOBODY
but the owners ofsilver mines. This
argument am1unts TO saying that IL
our currency were contracted beyond
endurance, the issuing OF $500, 000,-
OOO, OF greenhacks would benefit
nobodY but the engravers and the
paper makers. An incidental bene.
iit is one thing; great public eman-
cipation from the much abuse DOW
er OF legislation in favor OF the few
against the many, 10 quite differ.
ent question. Not an item la your
tariff schedule but what benefits
some special indu stry. and yet you
are protectionist. Does not the
appreciation Of gold by the demone-
tization OF silver beneds the owners
Of gold mines2 Ani the mines are
largely Owned by foreigners and
Englishmen--while the silver min
ing interest is Am srican. You are
therefore opposing the interest of
your own country. Bat really this
is not question of mine owners
To reduce it to this limit is sheer
demagoguism. The question isl
whether or not the addition of $500,
100000 Of redemption money TO our
national currency will improve the
condition OF our people2 To this
question there can be hat one an
swer. You reiteFate the stock argu
ment of the monometallists that
should Congress open our minis TO
silver at l6 TO /, the silver dollar
must only be worth 81 cents--that
being the present value of the old
standard silver dollar, as bullion,
compared with gold. Yon say an
act of Congress can no more violate
the laws of trade and commerce than
It can the laws Of nature.
Now, Senator, these m lnipula-
lions of values by the act Of Con
gross are Of daily and systematic
occurrence. What is the object and
aim Of 81 your protective tariff leg
islation out to increase the vaIues OF
manufactured What are the aim
and object Of your laws against in
Producing contract labor from
Europe, but TO enhance the value Of
labor7 What has deprecated the
value Of wheat, corn, cotton and all
farm products, but Congressional
legislation iR demonstrating silyer2
Moreover, you are combating Us
With theory when we are confront.
Ell by fact. Is not the present
circulating silver legal tender dollar
equal to a gold dollar, AMI worth
100 cents, although the silver bull
lion therein Is worth only 50 cents2
How IL this effected except by leg
islation9 You declare that ''ifnnos
sibIe2 which ia daily occurring be-
foro your eyes. Why should the