The Irish standard., 1896-10-24

IAN All FOHD ~ TOsooESO A OftEAl
DEAL OF IT, OR, IF THE MATERIAL
OF WHICH IT I MADE IS SUBJECT
TO SPECULATIVE TRAFFIC, THE OP-
PORTION TO THEtbk T. TflnaouedmlA ,rrp
REINFORCEMENT WILL VARY in pro
) portion to the fluctuations in the price of
the commodity of which the money is
made. If it will yield greater profit to
sell silver or gold as commodity than
to invest it, as money, in the building,
tstock and machinery of a factory, it VIII
fbe sold az commodity.
E--' If the workman of the city could hold
Ibis labor p the hollow Of his hand and re-
fgard it as a tangible, real possession, some-
thing that he could hold to await an ad-
| vance in price or value, ne would set more
store by it than he does, and he would
tpart with it more reluctantly than at pres
ent. The farmer enters more deeply into
the act of selling and buying; he Is found
more intimately concerned in the regula-
ton of market prices than the city work
man, and, as natural result, takes keen
| interest. in anything that enters into the
regulation of prices THE FARMER HAS
BEEN HEARD ON THE SILVER QUES-
TION; AND THE CITY WORKMAN,
ALTHOUGH HE HAS NOT SPOKEN
OUT ON THE SUBJECT, HOLDS VIEWS
IDENTICAL WITH THOSE OF HIS
NEIGHBOR ON THE FARM. So far as
the iaborer IS concerned, he.could get along
! very we'll if there were no gold or silver.
| He did exist and prosper during and after
the civil war, IL years N ALL without
feasting his eyes on piece Of gold or silver
coin. 1T MAY BE SAID OF. THE LA
BORER THAT HE IS IN FAVOR OF A
CIRCULATING MEDIUM THAT WILL
BE A FULL LEGAL TENDER FOR ALL
DEBTS PUBLIC AND PRIVATE, THE
SAME TO BE ISSUED BY HIS GOVERN
MENT, AS AUTHORIZED BY THE CON-
STITUTION OF THE UNITED STATES,
ANY BANKING CONCERN WHAT
EVER AS to the material Of which this
money shall be composed, he is not partic
ular, except. so far that it shall not be Of
material that. may be monopolized and
withdrawn from circulation through war,
panic, or speculation. He receives his
earnings at the end Of each month Or week,
and never complains that tae money pad
him rarely contains either silver or gold;
he is not disturbed in m-nd because 1t is
composed entirely Of paper except the
fractional part, which IS in silver that is
| of less intrinsic value than the silver
dollar was or Will be: and he never hears
any complaint from Americans because Of
the inferior quality of this fractional cur
rency.
Object lessons are the best, it is said,
ami what he witnessed every day cannot
fail to leave it's impression upon his mind.
He saw nation pass through the throes
of civil war, equaEed In bitterness and
fury by none; he saw the hard money of
the nation, or, rather, the hard money
men of the nation, take themselves to Eu-
rope for safety. and on the strength of
their hard cash attempt to loan money to
this government-not gold, but paper-at-
cent; HE SAW "A PATRIOT PREsI-
DENT STAND UP BETWEEN THE
NATION AND THE USURERS IN A
DEMAND UPON CONGRESS TO IS
SUE A FULL LEGAL TENDER PAPER
CURRENCY; he saw S6O,OO0,0OO of full
legal tender paper currency circulate until
children old enough to real of the war
that had ended, and who had never seen
| a piece Of gold or silver money, were told
that years ago gold and silver were mon
ey, but were 20 longer used as SUCH
yHF;sT En7sp1s, OF 5i THE OWNERS OF GOLD,
SILVER WAS SECRETLY AND
sTEALTH1LY DEMONET1zED. THIS
THE LARORER DID NOT SEE, NOR
TFIE PRESIDENT WIG SIGNED THE
/ Bll1k. ANU WLlf1lN II1E LAol FLL w
tMnNTHs STATESMAN WHO WE'RE
SENATORS AND CONGRESSMEN IN
III S7SS, WsHF,N THE. DEMONSTRATION
OF SILVER WAS ACCOMPLISHED
HAVE ADMITTED VOTING FOR THE
T3ILL6WITHOUT KNOWING THAT IT
CONTAINED THE DEMONETIZA-
TION CLAUSE. One stateman has not
denies knowledge of that act Of treach-.
ery to the people-John Sherman-and he
lis. todaysthe subject of adverse. criticism
by yfTlearly,severy living man who sat with
him in the senate when that bill was
that it contained nothing that interfered
with the coinage of the silver dollar.
GOLD rs THE LEGAL STANDARD TO-
d AY-s .5RECAUsE THE BANKERS,
BROKERS AND GOLD OWNERS OF
GREsS no MAKE IT so: THE PE0--5
PIE NEVER DEMANDED 1T; NEVER
UTTERED A SENTIMENT THAT
COULD BE CONSTRUED IN FAVOR
OF MONOMETALLISNI, never peti ion
ed congress or a congressman to pass such
a law. sIt was done when bill, with
sixty-sevcn sections, as long as the moral
law, was under discussion, and was
passed.
. Mr. Pewderly- eloauently reviews the
work Of the bankers and bondholders in
their assault upon the greenback III 1862,
and getting through congress the infam-
|ous exception clause" which made green
barkszsa legal tender for all public and
|Sprivate, except duties OH imports and in
terests on the public debt" He continues:
- bill to revise the laws relating to the
75s,, and. in IT WAS CONCEALED, THE
CLAUSE WHICH DEMoNETIzED
tT FE SIEVER DOLI4AR AND GAVE
sTHRaebLD THE MONOPOLY. Then
came the resumption, Z, Of Jan. p. 1875, and
from tita tatinae forward the interest on the
public debt must be, paid in gold. The
public. debt at the time the characterization
act was pc ssed was $2;;22S4, 4S2, ,993. 20. The
resumption act did not intend that those
ySho earned money through labor should
be paid in specie; IT'S INTENT WAS TO
P.AYT4E BONDHOLDERs a DIFFER
rtsK1ND OF MONEY FROM THAT
sWIME (WHICH He HTs
.BQNDsAND AS THE PRINCIPAL5AND
sInTEREsTS OF TIL AT TtDEBTs MI1sT Be
E.AIp BY SLARO OR lot At a IL,s n
sN7TLIs sIsFr EF.NsTTEAT TT TfET BURpENsl
rAs FsA LIEN sIICJ,IsI