The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-10-16

when he talked to the farmers some
years ago What he said then was
true; it is true now
Now you will notice that one of the
most distinguished Journalists of the
day, one Of the most eminent men in
his profession, Mr. Murat Halstead, is
doing all he can to maintain the gold
standard in this country. On the oath
of October, 1871, Mr.. Halstead said:
This British gold policy was the
work of experts only Evasion was
essential to success in 1t and pos
sibly because coin was not in cir
EQUATION and being out of public
view, could be tempered with with
out attracting public attention. The
monometallic system of the great
creditor nation was thus imposed
upon the great debtor nation with
out debate"
1.-The monometallic system of the
great creditor nation was thus imposed
on the debtor nations of the world be-
cause the United States is a debtor
nation and Mr.. Halstead calls it a
British policy. 1t was a British
policy then; it is British policy to-
day. and all we ask is to replace a
British policy with an American finan-
cial policy. In another place in his
letter he explains the advantage of BIZ
metallism. He says:
The metals support and regu-
late each other. The two afford
adequate basis for an abundant
currency and neither can be cor
nered' in aid of the speculative
schemes that are often prepared and
always opposed to the general well
fare" And again: If one metal
rated according to the fixed ratio
becomes demonetized the option Of
payment in the cheaper coin makes
a demand for it; that enhanced its
value and the money unit is sub
ject to slighter fluctuations in
comparison with commodities than
is found in but one metal. Copper
and steel together in the compensa-
ton balance-wheel of chronom-
eter and perfectly measuring time
through all temperatures illustrates
the principle F"
so that Mr. Halstead at that time
understood that the gold standard was
a British policy, and he understood
the advantages of the double stand
ard.
But will go to the larger men. John
G. Carlisle, who today stands as the
representative of those Democrats who
believe in the gold standard. spoke on
this subject in 1878. In that speech
he said:
This contest must not cease
and wiz not cease until the indus
trial classes are fully and finally
emancipatei from the heartless
domination of syndicates, stock
exchanges and combines of money
grabbers in this country and in
Europe
He even went further than that
He said:
I'VE will pass measure after
measure of relief and if the preSi-
dent vetoes these measures and we
cannot pass them over his veto we
viii put them in the appropriation
bill with the understanding that If
the people can get no relief the
government shall get 10 money.
do you know Of any more emphatic
condemnation than that? And yet
that heartless domination still con-
tinues
I'm 1883 BENJAMIN Harrison was
elected president Of the United States,
and in his platform find these words;
% The Republican party is in IA
vor of the use Of gold and silver
as money and condemns the policy
of the Democratic administration
in its efforts to demonetize silver"
There is a Republican candidate for
the presidency you elected upon a plat
form Whlcn CONDEMNS the previous ad-
ministration on the ground that it had
attempted to demonetize silver and
yet the second administration of Presi-
dent Cleveland was infinitely worse
than the first one, so far as the money
question was concerned and yet the
president who was elected on a plat
form denouncing Mr.. Cleveland's for
mer administration is advocating the
election of a Republican candidate who
endorses Mr.. Cleveland's second finan-
cial policy" (Appiause.)