Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1896-07-14

is greater than over gold great
er over either than both.
If therefore silver has been de-
nnonetized, I am in fuvor*of re:
n1onetizinS it. IT its coinage
has been prohibited, lam in fu-
vor OF ordering it to be reissued.
it has been restricted, 7 am In
tgvor Of { ordering it e''1erg-
The responsibility of re estab-
fishing silver in it's ancient and
honorable place as money in Eur
ope and America devolves really
upon the congress of the United
States. If we act here with wis
dom and firmness, we shall not
only successfully remonetize sill
YER and bring it into general use
as money in our own country,
but the influence of our example
will be potential amo ng Euro
pean nations, with the possible
exception of England. Indeed
our annual Indictment to- Eu.
rope is so great that if we have
the right to pay it in silver,
zoe necessarily coerce those no.
tions, by the strongest ofuW for
ces, seF-i1oierest, to aid us in up
holding the ruzzte Of silver us
money. 4
RECOMMENDATION here followed
by RECOMMENDATION in Europe will
secure to the United States the
most stable basis for it's curren-
cy that we have ever enjoyed and
will effectually aid in solving all
the problems by which our fl
nancial situation is surroun died..
I believe that the struggle now
going on in this country and in
other countries, for a single gold
standard, would, if successful,
produce disaster in the end
throughoutthe commercial world
The destruction of sizuer as mon
ey and the establishment Of gold
as tie sole unite OF u0luc must
hare Il 71tin0zts effect on all forms
Of property except those Unrest
nnents 7rhich yielN IL 5i.red re-
turn In money. These 1rouzd be
enormously enhanced in rozue,
and roztld gni'e u dispropor-
Tomato and therefore unfair 3D.
rnnt0@e orc7' ereyy other species
Of property.
II as the most reliable statis-
tics affirm there are nearly seven
thousand millions of coin or bull
lionin the world ,notvery unequal
lydivided between gold and silver,
It is impossible to strike sizre1
out of existence as money! 7rith-
out results zchich will prove dis
hessizS to millions and utterly
disastrous to tens Of thousands.
(Here he quotes Alexander
Hamilton to the same effect:)
take no risk in saying that the
benefits of a full circulation and
the evils Of a scanty circulation
are both UNNECESSARILY greater
today then they were when Mr..
Hamilton uttered these weighty
| words. +
I do not think that this coun-
try holding SO vast proportion
of the worlds supply Of silver in
it's mountains and it's minis can
afford to reduce the metal to the
situation of mere merchandise.
II source Of 1nc0zc1tzoble 7renlth
to hts entire country is destroy
ed the moment sizrey is Pp77>0-
nently disnscN rs money. 1t is
for us to check that tt:7>(lt ncy
0nd bring the continent Of Eur
ope buck to the full reco@nition OF
the v0zzte Of tue metal as Il med.
i1tne Of exchange.
We need both silver and gold
It would be difficult to show that
in the nations where both have
been fully recognized and most
widely diffused, the steadiest
and most continuous prosper.
1ity has been enjoyed
that true form Of prosperity
Which reaches all classes, bu1
1vhichbe @ins1vith the dayl0boye7
whose toll lays the foundation Of
the whole superstructure OF
wealth.
! The exclusively gold nation
like England may show the most
massive fortunes in the ruling
classes, but it shows also the
most helpless and hopeless pow
erty in the humber walks of life
*s # They (the
people, demand an abundance OF
good money. + = :