The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1896-09-18
More silver Than cold.

Chiefly by means Of legislation during
and since 1873. there has been put In
circulation more than 1924. o00. 900 of ST.
yer or its representative. This has been
done In the honest effort TO give TO silver.
II possible. the same bullion and coinage
value and encourage tho concurrent use OF
both gold and silver a. money. Prior TO
that time. there had been less than 9.000.-
600 OF silver dollars coined In the entire
history of the United States, period OF
eIghty-nine years. This legislation secures;
the largest une OF silver consistent With
financial safety and the pledge 10 main
tain It's parity with gold. We have TO-
day more silver than gold. This has been
accomplished at tiue9 With grave peril TO
the public credit The so-caiied Sherman
law sought 70 use an The silver product
OF the United States for money At III mar
ket value From 1890 10 1898 the gov
eminent purchased 4. 5000 900 odnces OF sill
yer q month. or a. 200. 900 ounces 4 year.
This was oue-third the product Of the
world. and Jpractically all OF this country's
product. It was believed by those who
then and now favor free coinage that such
use OF silver would advance its bullion
value to it, coinage value. but this ex-
peetation was not realized. In q few
months. Notwithstanding the unprecedent-
ed market for the silver product in the
United States, the price OF silver went
down very rapidly. reaching point lower
tnan ever before. Then, upon the recon-
mendatlon OF President Cleveland, both
political parties united IN the repeal OF
me purchasing clause of3the Sherman law.
we cannot With safety engage In further
experiments In this direction.
On the second OF August. 1891. In q
public address. said: IL we could have
an International ratio which all the lead.
ing nations OF the world would adopt. and
inc true relation be fixed between the two
metals and all agree upon the quantity
OF silver which should constitute dollar,
then silver would be a. free and uniim-
lied In Its privileges Of coinage as gold u
.o-dey. But that We have not been able
70 secure. and with the free and unlimited
coinage OF silver adopted In the United
states at the present ratio. we would be
,iii further removed from any interna-
aonal agreement. We may never be able
70 secure Il II we enter upon the isolated
coinage Of silver. The double standard
implies equality at a ratio and that equal
: ~ can only be established by the concur
rent law OF nations. It was the concurrent
Mw OF nations that made the double stand
s.a: II will require the concurrent law
81 nations to reinstate and sustain IT.
Party ravors use OF Silver Money.
The Republican party has, not been and
= not opposed to the use Of silver money
lis record abundantly shows. It has
+ aone all that could be done for Is. In
!. S creased use with safety and honor by the
!, United States acting apart from other gov.
|. ,,nments. There are those who think that
mas already gone beyond the limit Of
s sasnciai prudence. Surely We can 60 no
i,n,ner. and we must not permit false
"eus 10 lure Us across the danger line.
Means Defent ~ y,...,.
Agreement.
We have much more silver IN use than
cS y country 10 the world except India or
ain. t,:a v v0ooV goo more than Great Brit
4 On ~ SV,ooO.OO0 more than France: s400.-
more than Germany; S325. 900. 600
Chi.' man India and $125. 900. 900 less than
m ~. ine Republican party has declared
N NOT .os OF an international. agreement. and
emn,a. president. Il will be my duty 10
M AL proper means to promote n.
Sou,a s coinage OF silver in this country
mem ,a,',sm. and until an international agree.
U, IN sn De had. every interest requires
dsns,, maintain our present standard. In.
Of is S.. Tree coinage OF silver ut a ratio
wouid , ses o. silver to ounce OF gold
vcun,a. a ~ the speedy contraction of the
least stn NJ o out currency: Il would drive at
no,, 1000 OF gold dollarst which we
sssI, country and greatly decrease our ne ar
ths circulation. II IL not proposed by
eul,tiersu oiican party to take from ne cir.
,ilser " medium Of the country any Of the
PROPOSED !, now have: on the contrary, II Is
mn n Circulation on the PARTY witS Ig Sola
n,nt ,h .a the pledge Of the eoyern-
fhis Nv. ast all OF II shall be equal 10 eoId.
,spubliss. been the unbrcken policy Of the
nru,a.essn party since 1873. 4 II has In
trrls,oun no new policy. II wfll keep In
M and paper money which are now y IN IN
III m,,a me currency cf the country. il
hsr .a.,ti their parity. It viii preserve
an sSn usiity IN the future a il has al
pu; M. N the past Il VIM mot consent
'.'a Inevitably follow iSdsptndsns Zee