People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1896-08-13
BLAINE AND LOGAN
Two Republican Statesmen Who Are
Dead and Gone Leave a Warn.
ing to the American People.
WILL II BE Needed?

Extract from speech made by Hon. Jas. |
G.. Blaine In the United States Senate Febru- |
airy Z. lS7s: taken from "Thr Life Of Blaine"
by James Wilson Pierce. LII. D.. page $50. |
For sale by Wellington Book and News Col
On the much vexed aud lOng-mOOted |
question as TO bimetallic and mOuO-
metallic standard, my own views are
sufficiently indicated in the remarks
| have made. | believe the struggle
now going on in this country, and in
other countries, for a single gold
standard, would, if successful, pro-
duce disaster in and throughout the
commercial world. The destruction
of silver as money and establishment
of gold as the sole unit Of value mnst
have a ruinOus effect on al forms Of
property except those investments
which yield fixed return in money.
These would be enormously enhanced
in value and would gain a disprOpOr-
tionate and unfair advantage over
every other species Of property. If,
as the most reliable statistics affirm,
there are nearly seven thousand mil
lions Of coin or bullion in the world,
not very unequally divided between
gold and silver, it is impossible to
strike silver out Of existence as money
without results which will prove dis
tressing 10 millions and disastrous to
tens of thousands. | believe
gold and silver coin to be the money
of the cOnstitution-indeed the money
of the American people anterior TO
the cOnstitutiOD-mOney which the
organic law Of the republic recognized
as independent Of its own existence.
No power Was conferred on congress
to declare that either metal should
not be money. Congress has there
fore, in my judgment, no more power
to demOnetize either than to demon
etize both. If, therefore, sill
ter has been demOaetized, | am in
favor Of remonetizing it. II its coin
age has been prohibited, / am In
favor Of ordering II to be resumed.
II it has been restricted, / am In favor
Of having it enlarged.
Extract from speech by John A, Logan
Republican senator from Illinois In the senate
January 10, 1874. See Congressional Record,
! volume 2, part 1, page 1851
can see benefit only to the money
holders and those who receive interest
and have fixed incomes. can sec as
a RESULT this legislation our business
operations crippled and wages of Ia
Dor reduced to pittance. l can see
the beautiful plairies Of my own
state and the great west, which are
blooming as gardens, with cheerful
homes rising like white towers along
the pathway Of improvement, again
sinking back into ildeness. / can see
mortgage fends at their hellish work.
4 can see the hopes OF the industrious
farmers blasted as they burn corn for
fael, because its price will not pay
the cost or transportation and diyi-
dends Of millions Of dollars OF fictitious
railway stocks and bonds. l can see
IT people Of the West groaning and
burdeDed under taxation TO pay debts
OF states, counties and cities, incurred
when money was abundant and bright
hopes OF the future were held out to
lead them On. | can see the people
OF our western states, who are pro.
ducers, reduced to condition of serfs.
to pay interest on public and private
debts 10 the money sharks of Wall
street, New York, and Threadneedle
street, London, England. And this
will be accomplished by withdrawing
the treasury notes from circulation
and destroying them, until the banks
can control the entire volume of
money and then compel the people TO
use personal checks 10 lieu OF money
checks passing through the clearing
houses, which the banks will estabe
lish In all the larger cities, TO enable
them ID make a fictitious showing of
prosperity and fool the people with
the great volume Of business. which
they will cause 10 &c published In the
daily and weekly newspapers. But
remember, checks are not money.