The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1896-09-26
L~.INCOLN'S PROPHECY.

1 see in the near future Il crisis ap'
causes me to tremble for the safety Of
my country. AS a result of the war,
corporations have been enthroned and
an era of corruption in high places will
follow, and the money power of the
country will endeavor to prolong its
reign by working upon the prejudices
of the people until all wealth is aggre-
gated in a few hands, and the republic
is destroyed. L feel at this moment
more anxiety for the safety of my
country than ever 4efore, even in the
midst OF war. God grant that my
suspicious may prove groundless.
DANIEL WEBSTER.
Extract from a Speech i'm the United States
al am clearly of the opinion that
gold and silver at rates fixed by con
gress constitute the legal standard of
value in this country, and that neither
congress nor any state has authority to
establish any other standard or to
dIsplace this standard. The legal
tender, theaefore, the constitutional
standard OF value, is established and
cannot be overthrOwn. To overthrow
it would shake the whole system"
SECRETARY SHERMAN.
Letter to w S Groesbeck, July Is. 1879
"During the monetary conference in
Paris, when SILVER in our country was
excluded from circulation by being
u~ndervalued. 1 was strongly in favor
of the single standard and wrot a let
ter which you will find in the proceed
ings of that conference, stating briefly
my view. AT that time the wisest of us
did not anticipate the sudden fall of
silver or the rise of gold that has
occurred.
"This uncertainty of the relation
between the two metals is one of the
chief arguments in favor of a mono
metallic system, but other arguments,
showing the dangerous effects upon
industry of dropping one of the precious
metals from the standard of value,
outweigh, in my mind, all the theoreti-
cal objections to the bimetallic system,
SPEAKER REED.
(From a Speech to His Congressional Adher-
ents in lS94)
Referring to the closing of the Indian
minis by the government of India, and
the great fall in the price of silver
which followed, Mr.. Reed said:
ave have learned from that object
lesson that the yellow man using white
money holds at his mercy the industry
of the white man using yellow money"
JOHN C. CARLISLE.
From n speech in the House of Representa-
tives, February 81, 1879
/ shall not enter into al examination
of the causes which have combined to
the relative value OF silver,
and to appreciate the relative value of
gold since 1873, but 1 am one of those
who believe that they are transient and
in their natur e, and that
they have passed away or have
been removed by the separate or united
of the nations most deeply in
terested in the subject, the old ratio of
actual and relative value will be re-
on a firmer foundation than
ever. l know That the worlds stock of
precious metals is none to large, and |
see no reason to a%pprehend that it will
aver become so. Mankind will be tor
indeed, if the annual produo-
ton of gold and silver coin shall keep
pace with the annual increase of popu-
m and industry. Ac-
,ording to my view of the subject, the
which seems to have been
here and in Europe to destroy
1y legislation and otherwise from three
to one-half the metallic money
If the world is the most gigantic crime
If this or any other age.
The consumation of such n scheme
would ultimately entail more misery
lpon the human &c than all the wars,
,estilence and famine that ever
.,ccurred in the history of the world.
The absolute and instantaneous de-
truction of half the movable property
# the world, including horses, ships,
ailroads and all other appliances for
arrying on commerce, while it would
re felt more sensibly at the moment
you'd not produce anything like the
prolonged distress and Reorganization
# society that must inevitably result
rom the permanent annihilatIon of
'ne-half of the metallic money of the
money of the world.
FINANCIAL PLANK.
Of the Republican Platform of 1889
1.-The republican party is in favor of
use of both gold and silver as
money, and condemns the policy of the
administration in Its efforts
o demonetize silver" ;
MONEY PRICES. ;
az Ricardo, the Great Political EconomisD
1.-THE value of money in any country
s determined by the amount existing.
= > That commodities would rise
y fall in price in proportion TO the in
rease or elimination of money. !
ssume as a fact that is iRcontroVerti-