The herald., 1896-08-30
n giving us a market for our silver and

in giving us a market for our silver and
putting gold in circulation in our coun-
| try instead. Why did they not (when
4 they struck out the 1884 grain dollar and
left the 42O grain one) put this dollar in
| the standard money class and not put
! it with the subsidiary coinage? There
can be but one answer to this question.
| If it Is the policy of our government.
our country being the greatest silver
producer to go to gold basis and retire
silver as one of the money metals of the
world. it was wise measure of public
policy If the control of the volume
of the money of the world is to be placed
in the hands of the manipulators of
gold, that they may corner the same
and double their interest bearing obli-
cations at the expense Of the industrial
element of the country. it was a wise
measure of public policy" Let us listen
to what Senator Sherman said in the
senate on this subject of single gold
standard-of which he is now the ad-
vocate-on August 30, 1893:
IF we adopt the single standard of
gold without aid from silver. we will
and individual debts. disturb the rela-
tions between capital and labor, Grip
pie the industries of the country, still
further reduce the value of
silver OF which we are
the chief producers, and invite
cial nations for the possession of the
gold of the world"
In one part of his Saturday speech
he tells that the silver bullion in 1873
was worth three per cent more" than
if coined into American money. If it
was worth more as bullion, why should
anyone coin it and reduce it in vaIue
three per cent thereby? He tells us that
as result gold became the only Amer
lean coin in circulation" This was the
value of silver when he began to ex-
punge its floating qualities in 1873. But
where is silver now? Listen to him,
while he gloats over the results of his
treachery to silver: when the test
! of the outcry against this act (of '73)
is compared with the sober acts shown
by official record it appears simply lu-
dicrous. The total number of silver
dollars coined from 1892 to 1873 was
S,031 ,238, while the number of trade dol
1873, containing ~ grains more silver
than the old dollar, was 1866. .926.''
After the fine Italian hand of this
statesman Is permitted to inoculate our
coinage with the virus of gold stand
ard, and stab silver to its death. he
tells us that the silver dollar coins with
only 412h grains of silver, which were
worth more than gold, have been super
seded by a dollar containing ~ grains
more silver and this has so
reduced the price of silver
that it has become a drug in the
markets of the world, and there is no
further any demand for silver and to
blind the eyes of the American people
to the real purpose, he had favored
acts Of congress which have provided
for the coinage of large quantities of
silver on government account, which
those favoring silver have never asked
for, treating silver as a base metal and
not as one Of the money metals, and
piled 1t up in the treasury at govern
ment expense, and he points to the
amount that the government has lost
In trying to keep silver on parity with
gold. All this to discredit and prevent
the free coinage of silver, to prevent
the dollar of 412h grains of silver being
| worth as much as gold Che has showed
us 1t was worth more before he began
to manipulate it,. He told the Ameri-
can people last Saturday: Il have here
statement of the director of the mint
dated July 21, 1895. showing the amount
! and cost of silver bullion purchased
under the acts of 1878 and 1890 (both of
which he was in favor and instrumental
in the passage of and it's value at the
present market price, showing shrink
age Of over $145,0O0O0O."
Now. Sherman worked for both of
| these acts, which cost our country these
| millions The reason he gave therefor
| was. in speaking in '93 of the act of 1890.
| to prevent the free coinage of silver.
| which I dreaded more than anything
else" That was what he said three
years ago. Now he calls our attention
to the loss by the government as a re-