The Yale expositor., 1896-08-28

to you-that not one of these professors
In foreign universities, not one OF these
economists whose name and fame are
world wide. and not one of those great
hnanciers who have given days and years
of thought to this subject, not one. and
nobody except the leaders of the modern
Democracy and Populism. has ventured
to advise his own country in Europe to
undertake that task alone. lApplauseD
The question is this. and nothing more:
Shall the United States, alone, under
take the free and unlimited coinage OF sill
yer at ratio of 16 to 1? "a few cries
of yes" and no." and repeated cries OF
mo- Now, see you gentlemen over
there who called "yes," and you gentle
men here who called "no," shows the
difference of opinion upon this subject
Qaughter), and to you over there who
come TO listen to me. YOU viii listen as
passionately, you will digest my argu-
ments. and / hope finally that by the
time You have done so thoroughly that
you will he inclined to shout mo with
the gentlemen who responded when you
responded. Cheering and applausc.)
Now, let us he entirely good-natured
about this. | am going to try TO give
you the facts. and | repeat it. the issue
is whether the United States shall at-
tempt to do that thing alone. in the
face of the controlling fact that every
civilized commercial nation upon the face
of the earth, except the Central Amer
lean and South American states. years
ago and before we did abandoned il ut
terly. And if ! shall succeed in con-
vincing any of our friends that we are
not in position to do it without infiicting
upon the country and upon us NIL injuries
which 1t will take generation 10 re-
pair. l shall he more than rewarded
for the pains that l have taken. the OBJ
servations that | have made, the studies
have gone through and the reflections
which have brought me to my present
convictions. tApplause.)
Shall We Go backward or Forward?
Shall we. for our own interests stand
along with those nations with which we
have classed ourselves and who are lead
ing the march of Humanity. or shall we
go with Mexico. South America. China
and Japan. the rearward half of the
great army of human progress. and join
those imperfect and rudmentary civiliZa-
tions. which are an occular demonstra-
ton that no nation ever undertook alone
the coinage of free silver that did not de-
prive itself of gold entirely. (Applause.)
And you have but to glance upon the
map of your school boy or school girl.
your little son or daughter, to see the
fact recorded there for the education of
youth. to know that every one of those
nations stands upon a lower scale of
progress than the nations which have
declared the policy upon which the Unit
ed States now stands.
My fellow citizens. the warnings of his
tory are all against il. The present ex-
amples of nations who singly are endcav-
ORIG to sustain themselves under a single
standard forbid us TO enter upon voy-
age upon, | was going to say, untried
waters. but no, upon voyage which we
can plainly see other nations are making
at the present time. where we can plain
ly view rocks of distress. the shoals and
Quicksands of their course from the se-
cure mainland upon which the American
people now stand. and from which our
opponents are attempting to lure them
by false lights and false alarms. Gap
plause.)
Now we have got to take facts exactly
ms they are. We are not dealing with
glittering and glowing gcneralities. We
are administering society and human con-
germs society. q being perfectly concrete,
infinitely practicable. somewhat selfish.
and am going to appeal to the selfish
ness of this audience to know whether
they will assist in bringing about that
which i think | can prove will result
from the arts of the gentlemen who are
attempting to mislead them.
Now. my friends. the world is divided.
Just as sharply as it is by oceans and
mountain chains. between the gold coun-
tries. who employ concurrently with gold
more silver money than all the silver
countries contain or circulate. CAP
planseo say that tho gold countries
of this world including the United States
land l call them gold countries for the
purpose not Of definition. but of clear.
ness of cxprpssion>. employ and circula to
more silver than I'LL the silver countries
of the world emrloy. contain or circulate
make another proposition. | appeal
to history and to contemporary facts
which no man can dispute. that every
free coinage country is on n silver basis.
Isn't that so? (Crcs of "Yes.") make
another statement for Won to think of.
for I am not going TO elaborate i'll am
going to got into the figures pretty soon
every gold country uses silver and gold
in amounts noarly equal by money ma
lions. Isn't that So? Cries Of "Yes.'N
Isn't that so in The United States /?
tCries of "Yes.") In France? Voices
"Yes.D | make another statement for
your calm and cool reflection. that no sill.
YER standard country has anv gold mon
ey whatever. tApplausc.) Don't take
my word for It. Go and investigate this
subject; ! say that, no silver country has
any gold money whatever. and you can
search FROM Nc~ico tn Cane Horn and
find TINT this statement is corrcct
Another statPment-nnd 7 make Il IN
on n sense of my responsibility after an
exhaustive animation Of statistics. in
vcstigations and rocor1s-that in every
silver STANDARD country wages arc pressed
down to the very minimum of wretched
subsistence. II rs so in Mexico. il is SO
in JanaL, ii is so in South America. 7
say that in every silver country wages
are pressed down To the very minimum
of wretched subsistence
TJ,o Dn..
Now " il IL true II will NOT 90 into
the rca sons for ~. hut If il il truo no a
concrete. absolute fact. that no silver
country, no country which has adopted
the silver standard has any gold circula-
ton whatever. I say that it follows that
the only practicable bimetallsm on tbe
planet Is by the nations with which tho
United States has classed itself and II
is this himctnllsm in the United States
which the new Democracy and Pom.
lism are endcavoring to destroy by sinh
stituting a silver monumetallism. IAN
plause.) The bimetallism which This
country and the atoms of which I have
spoken enjoy IL the bimctnlism of fact
and actual enjoyment extending 10 TINT
full extent which human judgment. I'm.
man experience. human apprehension
call Il what yon will--teach Is the nro-
portion in which the metals can no ON.
ployed in degree that one will NOT do
stroy or drive out the other and tbot
both can co-exist together. (ApplouseI
For there IL, my fellow citizens an nm