The herald., 1896-09-27

stayed with 1t. The testimony thus given
by the commercial world, the harmony
existing between staples and silver in
the markets of the earth, demonstrate
that silver. not gold, is honest money.
Gold has been doomed by the hoard
ers, the money changers, the great finan-
cial pawnbrokers and sure thing people
Of the world. 1t has become so dear that
its use as a sole standard must be de-
structive. 1t is often said that the Bland
Allison act made silver a legal tender.
But the restriction upon silver coinage
now imposed by law is discrimination
and until that discrimination Is re-
moved 1t is nonsense to talk Of CONNER
cial ratios. The present variance In
bullion values is due to legislation. Sill
yer has not fallen. although 1t has en-
countered dire adversely in the house of
those who ought to be it's friends. Gold
has appreciated in direct and logical re-
sponse to the double labor forced upon
1t. The various and increased uses and
the consequent augmentation Of demand
naturally affect prices. Gold, having
become Of extra utility. is extra dear.
Silver. harmonizing. as l have said,
with commodity prices. demonstrates
the intimacy Of its relation with the pro-
ducts of the farm. While silver varied
prior to 1873 in its productive ratio to
gold more than since that time, and
while gold, during the sos so exceeded
silver as to quantity that European ma
tions threatened gold demonetization,
still the ratio was preserved by wise leg
islation. If the world demonetized gold.
would 1t be worth as much as the best
steel? And If one or two nations, or any
great nation, declared that gold could
not be received as money, would not
this circumstance interfere with the
value of that metal? Our trade dollar
contained over seven grains of silver
more than the standard dollar. and yet
the latter drove the former out of cir
culation. The trade dollar fell by the
wayside because it was not legal ten
der. Whenever discrimination is made
against anything, that article is discred-
tied. We produce more silver than any
any other people, and when we discredit
silver, we interfere with its commercial
value and injure ourselves. When we
remove the obstacles of our creation,
we will restore silver's commercial val
ue. Patriotic effort can rehabilitate sill
yer. There was no undue appreciation
Of gold until after 1878. International
timetallism will always be q delusion
until the United States. the country most
interested, asserts its rights and pre-
pares to make 1t disagreeable for other
nations to refuse acquiescences The la
borer and the agriculturist are studying
these questions. The former does not
heed to the siren voice of Wall street
attempting to force him to antagonize
the struggling and mortgage ridden
farmer. The laborer knows that unless
the agriculturist Is reasonably prosper
Gus the manufacturer cannot maintain
himself and the. wage Garner will seek
in vain for employment. The best mon
ey is the money which the ordinary cit
izen can easiest obtain and which will
buy articles Of necessity for its possess
or. The gold of the world is daily pass
ing into the hands Of very few men.
1t is hourly becoming more difficult of
possession. Silver has never been hoard
ed by international or national pawn
brokers' 1t is not easy to withdraw it
from circulation. 1t is the peoples mon
ey. To destroy it as money is to bring
about financial slavery. The present
contest is a struggle between the hon.
esty of the United States. and those who
in many cases think they; are doing
right but whoss poteutiality results