The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1896-08-28

n M
ana more valuable ii theSs ID sllafs IL MAJ M
eor ~ ignorant class ~ heathen laborers
IN China and xn6ja. and TINT the LIGHTER
and less valuAble II made for the intelligent
and educated laborlng man who ID q citizen
OF the United States. Charity, says the
adage, begins At home. TN
Charity Ire indepsnaent Anaeri-
can laboreF scorns 20 ask, bat hs
has the sr1ghtSto denaand that Justice
should 6egin At homes In HIS naBae
and II. AAe Aaine Of scOmmon sense
and common honesty. I ask that the
AneFican eOngress VIII not force
upon the American laborer an infe-
rioF dollar, which the naked and
1amished T. bOrcrsG Of India and
China Fefnses to- accept.
The bill (which now offer as q substi-
tute for the. house bill contains three very
simple propositions:
FIRST-That the dollar shall CON.
shall have unlimlted coinage, and
be an rAlimited legal tender.
SEC0ND-That all the proflts Of
coinage shall 20 to the government,
and not to the operator I'm silver
bullion.
Thlrd-Thnt silver dollars or silver bull
lon, assayed and mint-stampcd, may be de.
York, for which coin certificates may be
Issued, the same IN denomination rs United
States notes, not below $40, aud these shall
be redeemable on demand in coin or bull
ion. We shalt thus secure paper c!rcula-
tion based on an actual deposit Of precious
metal. giving uS notes aS valuable as those
of the Bank Of England, and doing away
at once with the dreaded Inconvenience Of
silver on account Of bulk and weight
do not fail, MIR. President, to recog-
nlze that the committals and aycwals Of
senators on this question preclude the
hope Of my substitute being adopted. l
do not, indeed, fail to recognize that on
this question am not in line with either
extrcme-wlth those who believe in the
single gold standard or with those who,
prematurely and unwisely, as. 4 must re-
gard 1t, would force us to singie silver
standard. Either will be found. in, my
judgment, great misfortune to our coun-
try. We need both gold and silver, and
we can have both only by making each
the equal of the other. 1t would not be
difficult to show that, In the nations where
both have been fully recognized and most
widely diffnscd, the steadiest and most con-
tinuous prosperity has been enjoyed-that
true form Of prosperity which reaches all
classes, but which begins with the day
laborer, 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 rul-
ing classes. but 1t shows also the most
helpless and hopeless poverty In the hum
bier walks Of life. The gold and silver la
ton like France, can exhibit no such :ndi-
vidual fortunes as abound in gold ma
ton like England, but 1t has peasantry
whose silver savings can pay war in
demnity that would have beggared the gold
bankers of London, and to which the peas
antry Of England could not have con-
%rth,,Aod a no,nd ofor1in0 Dn16 nr tsvan
shilling in silver. 49, srs''' a
The effect Of paying the labor Of this
country in silver coin OF full value, as com.
pared with irredeemable paper-or us com.
pared, even, with silver Of inferior value
will make itself felt in a single generation
to tho extent Of tens of millions-perhaps
hundreds Of millions-of the aggregate saw
irgs which represent consolidated capital.
It Is the instinct Of man, from the savage
to the scholar-developed In childhood aud
remaining with age-to value any metals
which in all lands are counted "precio1s."
Excessive paper money leads to extraya-
gance, to waste, to want, as we painfully
witness to-day.
With astounding proof of Its de-
moralizntiOn and destructive effect,
we hear 1T proclaimed In the halls
of c0ngress, that "the people de-
'mand cheap money" deny 1T. I
declare such n phrase to be a total
Misrepresentation "a total misin.
terpretation of the popular wish.
The people do not demand cheap
money. They demand nm nbund-
ance of good money, which is an en-
tirely different thing. They do not
want n single gold standard that
will exclude silver and benefit those
already rich. They do not want nm
inferior silver standard TINT will
drive out gold and not help those
already poor. They want both
metals in full value, I'm equal honor,
in whatever abundance the bountt-
full earth Will yield them to the
searching eye of science and to the
hard hand Of labor.
The two metals have existed side by side
In harmonious, honorable companionship as
money ever since intelligent trade was
known among men. 1t is well-nigh forty
centuries since abraham weighed to Eph-
ron the silver, which he had named in the
Of silver, current money with the mer-
chant" Since that time nations have risen
and fallen. races have disappeared, dialects
and languages have been forgotten, arts
have been lost, treasures have perished.
continents have been discovered. islands
have been sunk in the sea, and through all
these ages and through all these changes,
silver and gold have reigned supreme as the
representative of value, as the media Of
exchange. The dethronement Of each. has
been attempted in turn, and sometimes the
dethronement Of both; but always in vain.
and we are here to-day, celebrating anew
over the problem which comes down to US
from Abrahain's time-tle weight Of the
silver that shall be current money with the
merchant"
The Bicycle Hand.
At last the long expected objection
has come! The pastime of bicycling by
In x1ios o,,x az ,ul,ich thou l,ayo derived