The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-07-30
THE PEDIGREE OF THE G0LD.BuG.
INC FIRST Pair Imported From NEUTRALITY-SUSPICIOUS. Stewart and, Ioncs
on Gold In is74-What They Said Since the "Crims OF "a,
sunday Times, July {, ls,d.

" aNht 4
Los Angeles, Cal, sunday Times. JmyT E,sm
Many brain is smi added with the consplracyn onscnso so. u, III
euSs Senators Jones and Stewart OF having been in IT, Any ono who iinowI IN.
composition OF a mining constituency knows they have good neosons M
ehansins their opinions. The following Is not quoted 10 show Inconvlsprncy
Mnsnn s . poor arsumcnt at bestfbut only to show tina. one may think The
money OF the world qiteR al to tie to- mud that the richest Of Tho nations cnn
1nota . ave as good money IS my OF them without being the slave Or
'n'paFd street In the Conversational Globe or 1874. In The tcbate on th[rnr.
feneyo I page 1861. wercad the following from Senator Jones, at Nevada. i
4 am opposed to any proposition, come in whatever form It may.
that attempts to override what God HimSclrl has made fnr ,SoncyS,,
that attempts to make money a commodity or make com,noditirs
money. believe there is a vast difference between The functions If
the two, and that every departure from this ploin trni, viii n,misr
nc country that SO departs. believe the sooner we come down to a
purely gold standard the better ii will be for the country. believe
ina. when We 90 So O., come down we shall have entered upon an era Of
prosperity which will be unbroken for a century"
Speaking further on the same bill, he says, page i6 OF The appendix to the
Congressional Globe for 1874:
Docs this Congress mean now 10 leave entirely ont of Wow and
discard forever q standard OF value? Did any country ever acculnu-
late wealth, achieve greatness or attain high civilization without such
Standard Hlad AndwF9t but gold can be that standard? What other
thing on earth possesses the requisite qualities? Its value is repre-
sented BY the average amount OF labor required to produce it. Its
scarcity gives snail quantity Of it great value, so it is easily trans
ported from place to place. : {" Gold is the articulation Of com
ntercc. It's the most potent agent of civilization. 1t is gold that
has lifted the nations from barbarism I has done more to organize
society to promote industry and insure its rewards, TO inspire prog
ross, TO- encourage science and the arts than gunpowder, steam or
electricity.
human heart is set upon it. 1t will command the proper services
OF eyerybody at ali times and III all places: The necessities which
compelled its use are as memorable to-day as they were at the begin
ning, although improved systems Of exchange have diminished the
prqportionatc volume necessary to do the work.
SO exact 4 measure is it Of human effort that when it is cxclns-
%tNSA -usSu us HFthCNr u SdSHC tHcN very HlDN o DONcSlN .- 1t neither
deals in nor toleratcs false pretenscs. Itcan not lie. ltkceps its pro-
mScS TO rich and poor alike.
Its the commond enomInator OF values. 1t makes possible the
classification OF labor an(lthe interchange OF commodities. Gold has
INTERVIEWED in bargains made between men since the dawn Of civiiza-
ton, and has never Jailed to faithfully fulfill its part as the unver-
Salagcnt and servant OF mankind. +" Il The value OF gold is not
affected BY the stamp OF the government. That is merely final and
reliable evidence oits weight and fncncss.
You must have something with the attribute Of extension when
yon measure extension To measure weight YOU must have something
OF specific gravity: To measure value You must have something OF
value; Something that requires labor to produce it. Gold has that a.
oulStc. / he StanD on 4 gold dollar saws in effect: y ? This GOV
eminent pledges its honor that this coin is ninetenths fine and con-
tanS 2SS t25S: graius in weight The government stamp on every
piece OF coin is a certificate 10 mankind that the bearer has rendered
service unto society which is measured by that piece OF metal, and that
hcis entitled to an equivalent service from society in return. Such
on page 1901 Of Congressional Globe eame debat} Senator Stewart says:
Sir, the laboring man and the producer is entitled to have his pro-
measures your national debt " Give him snch a standard, give
him money as yoi require from him You require it from the produ-
Ger. You require from the laboing man gold to pay the intcrcston
Your national debt, which is right, which can not be avoided if you
mean to save national honor; but then give him the same money with
whichto pay that debt
On page 1919 nnme debate) he says:
There have been many battles fought against gold, but gold has
won every time. Gold never compromised. . " Gold has made
thewoM respect it all the time. The English people once thought
that they could get along without gold for awhile, but they had TO
come back to it! We did not depart from it on purpose to disgrace
gold, hut VIC attempted cxpcdicnts at the time OF the war because we
thought we had enough gold in the country to get along with, though
probably we had.
"You may fix IN alIthe propositions vol please, but the real thing
lis when youc conc down to it finally. don't care how much you dis
cuSs ii or how many resolutions you pass, they don't make any differ
EE cncc: YOU must como 10 tea sane OlCIhSit1 lhit an otHCl pcOIhC
have. that gold is recognized as the universal standard OF value. 1t
is the measure that must be used. It's the measure by which your
wealth must be tested. Whether it be pennies or millions matters
no.. Ii is the measure that must test all wealth. The wealth OF the
United States is tested BY the same rule. 1t has been and always will
be the toucf-Stone Of measurement, and when you depart from that
and try to figure ont another measure which the world does not rec
ognizc. YOU get into confusion. Attempting to reconcile them is idle
to talk about
In these speeches the money Of the world is always referred ga $ the stand
a-d. and oliver R not mentioned Itls plain that senators then knew that silver
eD,nc, adrJralIy nut than Messrs Jones and Stewart would have vonch-
was 10, a standard IN the United States. They contain more sense about
safed to the country for twenty years. Their speeches would make a good
&chool.book. Some OF the passages should become well nigh immortal As,
for instance, senator Jones' on page 1850 of the appendix, tnmc speech as
above says:
I'VE are told that We can't get back to specie payments because
The balance OF trade is against us. The balance Of trade is against us
because we don't get back to specie payments. Give us the money
that the world recognizes to regulate or trade, and the balance OF
trade will take care OF Itself"