The morning times. [volume] (Washington, D.C.) 1895-1897, 1896-08-21
A Question of Unquestioned Honesty.

between
m Between Observation-Disclosures independent International
quadrenra agitation favor of International bmetam
Quoted in good faith do really desire to maintain
superiority of double standard when Joined in by tie leading
metal suitable for standard money among civilized nations?
they fact DESTROYS of securing bmetalism expect
them the evils gold standard defend hi
metaliism as system.
IT, the other hand they bending their energies toward
the establishment OF gold standard under OF
declaration international bmetalism, justified
those who deal dishonesty with the American people-Fom
Mr. Byaa's Nsv 2ork Speceh
Before Mr.. Bryan questions the honesty of those
who oppose the free silver plan of enforcing
he should first demonstrate beyond the possibility of
doubt that the United States force silver parity
with gold and hold it there for indefinite period
Unless this be done there could be bimetallsm
Gold the valuable money would be withdrawn
from circulation to be used speculative commodity,
and silver alone would become the basis of monetary
system. Instead of bme allism would have silver
recommendation, with currency debased to the extent
of the gold premium. This is well-known fact gath
cred from the experience of country that has tried
to keep two money metals at parity, when there
disparity in their commercial value. Our coinage
history is further proof
In 1872 the United States circulated gold and silver
at parity of IS which the relative commercial
value of these two metals 1t found, how
ever that the coins being bought up with the
nations and exported and sold bullion the profit be-
tween the foreign light weight coins and full
weight coinage being sufficient to warrant the invest
ment In 1906 the coinage of legal tender silver was
discontinued and the United States practically adopted
the gold standard After twenty eight years again
opened minis in 1884 the coinage of silver
parity of 10 to l. But since silver commercial
commodity worth about 151a l, but little of it
coined and practically of it circulated 1t
worth bullion than coin and consequently
gathered and sold such. In 1883 Congress recog
nized the futy Of attempting to circulate silver at
parity of 10 to l, when it worth than that
ratio commodity, ard demonetzed it by limiting its
legal value to S.. That act again practically placed
on a gold basis, although silver had previously dis
appeared from circulation and redemptions had been
gold In 1873, when Congress began preparations for
the OF specie payments coinage laws
revised and that part of the law authorizing the COIN
age Of standard silver dollars repealed Up to that
time only IS, ,25S in legal tender silver had been
minted and the circulation of silver money was an
admitted failure Even the Senators Representatives
from the silver States advocated and voted for the BILL
and it passed both Houses almost unanimously Senator
Jones, of Nevada. in Senate debate in 1874 said:
Il am opposed to any proposition, come in whatever |
form that attempts to override what God Himself
has made for money. l believe the down
to purely gold standard the better it will be the
country.
docs this Congress to leave entirely out
of discard
what but gold be that standard? What other thing
earth possesses the requisite qualities? = Gold
is the articulation of 1t is the most potent
agent of civilization. 1t is gold that has lifted the
nations from barbarism.
'It is the common denomination of values 1t makes |
possible classification of labor and the interchange
of commodities Gold has interviewed in bargains made
between since the dawn of civilization, and it has
failed faithfully fulfill its part the universal
agent and servant of mankind - The value of gold
is affected by the stamp of the Government"
Senator Stewart, who is publishing the rs liver
Knight with underpaid employees. and who maliciousy
attacks opponents of free silver with and
abusive pen, said in the debate:
Sir the laboring man and the producer is entitled
his product and his labor measured by the
standard of the world that your national debt
= s. Give him such standard, give him money as you
require from him, You require it from the producer.
on require from the laboring gold pay the in
terest your national debt which is right which cam