Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1896-09-13
IS GEN. CLARK A GOLD BUG?
The Assertion of Tom Wren
Denied.

At the Elko Convention Tom Wren
Of Eureka, tried to convince the con-
vehtioh that some terrible jobbery
was ON fout to turn Nevada over to the
gold bugs by selecting Gen. Clark,
George Russell and Joseph Ryan on
thu Democratic electoral ticket.
He denounced Gen. Clark as a gold
bug. The friends of Gen Clark are
quite iucensed at the charges and pro-
duce "a silver phamplet ty General
Clark in 1885 in which he urged free
coinage The following are some ex-
tracts from his speech which was en-
titled;
The Silver Question from the
Standpoint OF a Producer
To the inhahitants of the silver pro-
ducing regions Of the United States,
the silver question is of great and ex
ceptional Importance. They both use
silver as money, and produce and
sell it as a commodity. Engaged in
silver mining, they wish to create a
market for and increase the exchange
value Of the metal which is the chief
product OF their labor.
AS business men, taxpayers and
citizens, DIZZY Rre Interested in the
monetary phase of the q~ues'ion-in
m~"ney-its value, quality, stability
and convenience for use.
The metal silver performs a double
function. When used in the arts, it
is a commodity when coinei into
money, it is Il measure Of value. AS
money, silver also performs a double
ofice-it is a medium of exchange,
aud tender for debt.
THE LAW OF MONEY.
Money is a measure OF value or
medium of exchange agreed upon or
, adopted by common consent. Gold
and silver have been selected as the
substance out of which to make
money, and as the best medium Of eX-
change. because Of their scarcity as
compared with other metals, because
they are less liahle to corrosion and
destruction by use, because they are
easily transported compared with
other property of equal value. and be-
cause the quantity is increased with
labor. and the value of the labor, eX
pended in production is approxim.
ate!y equal TO the value Of the gold
and silver produced. In brief, be.
cause of their utility, durability, sta
biIity and convenience for use.
Money must be made Of something
having a value Of its OWL "An ab
straction cannot measure the quaint
tative relation OF two services" (Sil
yer speech Of Senator John P. Jones.
Real money is simply value in
form the most available for command
ing all other values" the articl
used as a standard Of value mus
have value in ITSELF Walker
Science of Wealthy
Money is not merely a sign O
value because it possesses value il
itself; it is the thing signitied,
(Bowen's Political Economy
"Anything has value when it is eX
changeanleS when it is not exchange
able ii has no value. elements G
Banking, McL-nd)
Tue exchange value or PURCHASING
pow-r Of money depends on the e2
change value or purchasing power c
the metal it contains. and not upo
the fl lat OF Government or statute Law
"Legislation cannot make or III
make money. Tt may tempOraril
eXalt or d~epress the value Of Ii mets
rs against ne other, but only temnC
rarily it may disturb, but it caDnc
alter or destroy. Cold and silver ar
money ia virtue OF their own snpaI
iority, aud hey owe none Of their ran
t. law.
"The extent to which Legislation c.
be heneficiaIiv exercised with regard I
money is t. quantitatively define tt
the anne Of the coins t. guar
against c~Oifusi"n, connterfeiting. TT
by manufacturing them IN ii publ
Mint aud to save tie ttansportatio
and abrasion Of them on deposit an
using certificates therefore," (Silvt
speech of JON" 2. jones'. delivered /
he Senate Aprti "a, 1850
zine making 81 gold and silver in
coins does rot affect their nature
value. "Ibid.)
Government has rot the slighte
occasion t. interfere with or regula
the value of money 1t oheys certal
natural laws. which cannon he in
proved by man. (Waik-rs Science
Wealthy