The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1896-08-28

laws n commerce. q trade ana q Labor An /,
nphstitple new theories In the place or old
laws, ! kllIuk mat this nation could have
done Il. Aud Jet Il e a cold historic mast
tnAt we have never been able to maintain
~ side at any dxcd ratio for my ccusidcr-
able time. In 11na. before the ndopti0n N
the federal constitution, the congress Of con-
federation adopted the dollar as unit OF
account and declared that II cpntnined SO
69-1oe srains Of pure silver Hold tiose M.
mrs IN yonr memory Just one moment. IN
III The ccngresg. u t.e Cnited States e.
estngnsnea thus silver dcllarasn unit. deciar-
Ing that II should coatain nix yrnins OF
pure silver. You 80 tlat within seven yearn
the milo was ehnnsad. That same enneress
provided that = 1900 grains Of pure g5,d
.horhi V the leea, iiiEa IN. Of tbs fni
tntsnd ~ pure gaId .ioaid ,.e drsri,sl c,tuIy-
a.tnt % 10 f,u nds Of pure silver Tke legal
mis-. sii . Nstah'ish'I bs.twHcn tho two met
q, sis % 10 70 proved for a few yeara 10
cl. relation ex.-itrs tr..ten tne i,sdals
Ehf noon aft. E IS % bilc-r is.eafIe ..l,,nI,~r
man gold Then Rllyer began to Be Coined,
,Asneugh the legal ratio was - to i, by
pound OF gold. Gold went out Of circuiatio,,
= money, was shipped abroad and the sil-
yer dollar became the actual dollar Of trade.
nInt ns9 nsen colnsd q ne United States
a
NJ Jenereon, the apostle OF Democracy ana
the only Democrat whose name n men.
toned 10 the Democratic platform Of this
ratio Of ] 70 rs proposed b Nj. Hsmiltoe e
and adopted In the coinage act Of ifp2. nj.
Jfherspn believed In goid as well a. siiYer,
and a. history compels me 70 tell you that this
stiil left In the Democrats calendar. on his
own motion and without any AUTHORITY By.
law ordered the mint to discontinue the
ccinaee q the silver dollar. He thought
coinage Of American silver. He fhcnrht that
We mnst hays money. and that II no silver
s Nes ceirsd. the goh. although more yllua::
BE- used. The fact was that gold did not
come out. We coined gold and then shipped
u abrosd. We did NOT coin silver, and ior-
s sgs n Sss ssnt silver here The DeHo
single exception Of the one presidential term
OF John Quincy Adams. There were no sii.
ver dollan coined In the United States from
1so0 % 1855 In 1884 congress changed the
% the present legal ratio OF to ia. Con.
gress did this by reducing the weight OF
pure gold In the gold dollar about seven
SIains But the laws Of trade worked on.
6uy one ounce In gold. At the ratio Of 10 to
.. aises was the more valuable metal IN
sraae and rs commodity and silver went
e ~ az ~ me , country and sold came IN. When
able than gold, gold went out and silver
came In. When ut the ratio Of iB to 1 silver
o wss mn more valuable than gold, silver went
cheaper G'a an zane y. the metal which was
MY, Mmays drove the more valuable metal out.
me two never did circulate In this country
ctae p SIDE u any large quantities. for any
DC rainhow theories They are actual his.
.onc Facts. When at a nxed ratio silver was
more valuable II went into the melting moi
ann was sold as bullion, and gold was used
- money. When gold was more valuable II
vent Into the melting pot and was sold as
s,n. ana SILVER was used a. money. II
may nave been right. It may have been
N.Y. J,ytss, y {. nay not agree with Popnlist
p.auvIm or Democratic desire, but the fact
Is = mat rich men and poor men. bankers.
, vranefs ana the plain people alike have al.
W., Mays paid out the cheaper metal Whenever
ma 1u nnn meals y, were used as money aud each
waat profit there has been in hoarling the
, us.ter metal ana parting with the poorer
m e,.l Long before the finance minister Of
besn,s t me- r 70 coin theory into fact; long
paper equal TO colin by the persuasive appii.
t thl OF me gulllotine: long before our n.
ree .s Ln LILY had printed paper which they
m}st namsa so, Icy; an old political scono
under the sun" ~ .'s ''i'ns
al ts1s is another historic fact IN.
aver ,sbS a iess than Loco 600 silver dollars had
s s,,s Dee1 coined In these United States. and
g,mosa ~ ol these were coined before 1SiO.
=! remember this, that 10 long as gold vas
bron usapSs metal no owner Of silver bullion
He prefepred s w *. 70 ths mint for coinage.
- ~ not quite possible that n We oper, f,ir
mints agaln the owner Of silver bullion viii
nns as N, metal for eolnase when he can get
ttavee " tne mint than he can In the mar.
ket and that be will keep away from sbe
than At the mutt IN other M W she ina hsrs e.
Mi Wisb NINE n,.s owner e man Of like passions
silver sir where he can get tie better n,,cs,
y, NJ, ne not 90 TO the mint at 10 TO i. when
~, ~ .ae market he must give 80 for II viii
IL lie rntios ~ sb ounces " going to the minti
ounces y. 49, fstlver would buy one ounce Of gold
~ Tue market, will he not then mass hv s ~
s iIiins and sell In tue marketf Is not this
i ninei o, vv,aage game In which the silver
to lose? w "in anu nsYer
~, would you not like some scheme by which
s sns Cove government would give you 81 d bushel
get $110 would you not sell In tbs o ,ns sou,a
anu avoid the government When In the
nlhlket you could only get 90 cents ,vonld
you not sell TO the government ana ayoij
sas m ,i Gentlemen. I do mot wish 10
tSets In, h " me- or suggest unseemly cpl.
soinething OF q bunko gamer
r. Ag. 70 repeat tho suggestion already
t M,,ade, this IL very strong goyernment.
W. We are a very active, energetic and DOW.
r rs,sa psoP ~ we have seen that when nj
a. ana gold the dearer, tho gold went abroad
anu the silver stnld here. All the mower ~
tnis government, by declaring the ratio Of
- 70 aud opening the mints could NOT
III, sAa h Tns single owner of gold bullion get
< cents on the dollar by selling his gold IN
the market or shipping II to EuroDe. All
the power OF this government With n.
s m,hts , open to free and unlimited coinage
npe.an nor ~ h one owner Of silver buJon
make cents on Il by sollinx his silver IN
the market or shipping It TO Eurone, ;rha
Mnu VINO has gold. the man who has silver
Tue, Se ., wno mas wheat, viii sell that silver
the hest nr Iro that wheat where he can get
tor gold. for silver or for what II can make
MN take deprecated coin or legal tender
paper IN payment. But this is an act ~
70 ielce ana an exercise OF superior power.
he ne nes me gold or The silver or the wheat
ms Ailver or his gold or deliver his whsst
unless tue government gives to him In "a.
turn that which he believes to be tho vnin.
o. o. MS property; Talleyrand was right when when
can S lind indesa NAY nave already quoted; "You
snall be forced TO tnkc thousand francs in
paper instead OF thousand francs In sra
cie. hut you can never arrange IL 10 fiat
~ s Wv s y bs Obliged 70 give thousand
paper. In that fact Ii Imbedtied Inc ~. ~
tire question, and on account az thst az III
the whole system faiis." sAA' iaet
SUBSTITUTE words that expresz nrAa.r. 49,.
u ,.,ss. lou can, by the power OF govern.
man TO whom We owa 4 4h1r.-.s Stee