Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1896-06-14
s,ESAroR DANIELS sILvER
SPEECH

LIST contains the able silver speech OF
Senator John w. Daniels, OF Virginia.
ON the bill to prohibit the issuance
OF interesting bearing bonds without
the consent o, Congress. Tho speech
is an able presentation Of the silver
cause and contains 30 much informa-
ton ON the money question Of interest
to the people that we hnve concluded
to publish copious extracts from it.
1t will pay you TO read what the SEN
ator says. Speaking OF sound money
he said:
/ am III favor OF sound money, the
soundest that the world has ever
known. 1t should consist primarily
OF gold and silver, the money OF civil
ization from remote ages, the money
Of America from its earliest period,
tho money OF our federal Constitution.
The money Of Democratic faith
throughout the career Of that great
party, the money, upon which rests
a vast superstructure OF public and
private debt, and the money under
which we prospered as no nation has
eyer prospered in history, This gold
and silver should be standard mon
cy," as demanded by the national
Democratic platform OF 1892, and
should, in its language, he co ined
without discrimination against either
metal or charge for mintage." This
hard, solid, sound. shining. constitu-
tional, historic, Democratic money
should be supplemented by paper
money or currency redeemable in coin.
The units Of the whole mass should
be maintained at par by having given
to each OF then parity OF legal-tenber
function, and be rs nearly rs the AIT
OF mar can make them OF equal value.
Being myself as much for sound non
cy rs any man in the land, ] deny the
right OF a few people to arrogate 10
themselves the sole title OF sound
money men, and to designate those
who do not agree in their new-fangled
British notions rs "unsouud.T In APP
p%ropriating tn their exclusive use
such phrases they are merely attempt
ing to ill acuou minds with vague
and ambiguous words.
Why change the old Democratic
shibboleth OF "hard money" for the
new and specious and plausible title
Of sound money? Under analysis they
evidently mean that they will give
much sound to the ear and little
money to the purses Of their deluded
followers, who, il they permit them
selves to be enticed by u catch phrase
will only show that they are grown-up
children. pleased with a rattle and
tickled with Il straw"
LAND y LABOR
Tho land and its products are the
material sources OF all wealth. Labor
is the means by which they are utiliz-
I'd. a financial policy which contin-
uously diminishes the market values
al land and its products and increases
the value OF money must necessarily
make the rich richer and the poor
poorer. Such II policy must decrease
the compensation OF labor just rs it
diminishes its fruits. 1t must addto
the burdens Of all debtors and all
taxpayers, 10 debts and taxes are fix
ed charges, and thus the masses are
compelled to discharge continuously
increasing burdens with continuous
ly decreasing resources. They must
therefore have losses left wherewithal
to employ labor md support their
families, and, in short, they are all ON
the road to ruin.
OUR sO-CALLED soUSD-MoSEY MES ARE
FOR CONTRACTION.
The so-called. s~elf-styled, sound
money lei have been quite verbose
i'll telling us what they are against,
but very reticent and slow To reveal
as 20 what they are for. In point of
fact they are not only against the free
coinage OF silver, but are for retiring
the three hundred and forty-slx mil
lions OF greenbacks and the one humid !
red and thirty-six millions Of coin
certificates issued under the Sherman
Act Of 1890, all OF which il legal ten
der money. Az a rule they also pro-
pose the continuation Of tho 10 per
cent destroying tax on all State hunks. |
Many believe that they will soon de-
clare against our existing volume Of
silver money and attcmpt {, reduce it
to n mere token money, To he made le-
gal tender only in small sums.
will be specific in stating not only
what am against. but what ] am for.
] am against gold recommendation,
ms Democracy has always been. and
regard II ~ Mr.. Carlisle did when no
was Il Representative OF the people,
"aa great Il curse ~ war, pestilencc. or
faminc'-a proposition which since
then he has well-Digh demonstrated
am against withdrawing tho five
hundred millions Of grceDbacks and
Sherman legni tender notes. because
That would involve II contraction OF
about onc.third Of all American mon.
ey. to reducing tho prices Of lind and
commodities md wages nj ,7a7t 30
pcr cent more Than they uro now.
would increase the burdens Of debt
mud taxation. and would ultimately
produce n panic, involving land own.
ers, laborers. merchants. manufacture.