The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1896-08-28

sabstifgie new thdoiisS In the place 81 ala
iapA ! tlIluk that this nation could have
done It And yet 4 IL a cold historic facfi
itnAt we have never been able TO maintain
Silver and gold u actual eirpniation ode
able time. In i7e1, before the adapfion a
the federal consfftution the eonKreaS ~ fou-
federation adopted the dollar as unlt OF
s e and DECLARED that y Contained 30
irns u ygur memory Just one nomenr IA
III ne congress VI the United States re-
estab lished this silver dollarasn unit. decaar
Ing that u should contain NIX grains Of
pure silver. You zee silat within seven .yearG
me ratio was changed. That sanin eongrets
provided that = i3-100 grains Of pure s,,id
should u tho legAa iiiFa uiI. OF fllIs <i.,i.
~. Eng that when roined by ~ thar one
a.snt rs 10 i,ds d pii.e silver s H. sIt ..si
NIT. fiti ststahisshssl b.twecn The Two r,sSf
AIS OF 4 10 ID proved Tor few years 10
" close sppr ki-a.t.ln 10 tile coniiner-
Ent aoon aff.F IS o siir.f a.ra;se .si,.s,,sr
than gold Then silver began 70 Be coined.
Although the Legal ratio was II to j. nv
a ,s y took jes pounds OF silver 10 ,buy one
y Emo a, q so,a SSs vent OUT cf Circulation
Yer dollar became the actual dollar OF trasie
Thore had been coined BY the United etafes
m m ~ % that time y .l57 silver dollars.
~. ye ;,,s me apostle Of Democracy and
tioned 10 the Democratic platform Of this
year, was president. BE had Improved the
saa e ! 2 70 proposed By Mr.. Hamilton
5 5n@a aooptsa, n ne colnage act q ina. Mr
anu history compels me 10 tell you that thIs
Uaniocfntic president, who 4 the only sairf
SUI SUI isst IN the pemceratic calendar ON his
G ~, n menon and without any authority BY
coinage Of the silver dollar. he thought
mat ,.a re eonid make gold circulate with eli-
YER g the retio. Of Is 20 4 By stopping the
cosnnge q American silver. He thought that
WIS coined, the gold. although more vaina.
pg.e would come out Of Its hiding place and
pe used. The fact was that gold did not
come 8 ont. We coined gold and then shipped
elgp nations sent silver here. The Demo
eiats held power from 800 to 1910 with the
sispgie exception q the one presidential term
y -. s2nm quincy ADAMS There were NO sii.
~ % 1885 In 1884 congress changed tho
ratio between the two metals from / 10 rs
70 the present legal ratio OF ] to 10. Con.
s 49, aid this ~ reducing the weight OF
grains But the laws Of trade worked on.
Less than 10 ounces OF silver would then
pay one ounce In gold. At the ratio Of 18 to
=. LIVER ~ e.. was the more valuable metal 10
at the ratio OF is to / silver was less yaIyi.
aDle than gold, gold went out and silver
came an ~. When at the ratio of 10 to silver
oS ana gold came IN. The metal which was
cneaper &C any dxed ratio uniformly ana nj.
w ME- drore the more valuable metal ont.
siae Two nerer did circulate In this country
sonslde.able length Of lime. These may not
,s rainhow theories. They are actual his
non, ,nar taets. When Mt tixed ratio silver was
nnH ~, vaiaapie It went into the melting pot
- - money. When gold was more valuable Il
Went into the melting pot and was sold as
puiilon and silver was used as money. n
wr VIM nave been right. It may have been
PLATFORM or Democratic desire. but tho fact
= snal rich men and poor men, bankers.
sssrefs and the plain people alike have al.
i,oth Dali, pata out the cheaper metal whenever
mas made for himself 80 far a. lie eonId
WY pront there has been IN hoar.IInc Inc
, gu,sSr metal and parting with the poorer
Innss iong before the finance minister OF
before tiie French directory tried 10 MAZE
psRsr eqnai to coin by the persuasive anil.
mao 4, Of ne gulliotine: long before our ia
repndiatea q n n 99p printed paper which they
y named Solomon had written that what What
under the SUM-" - ~ ~" ssa'ns
Al ie5v - LsLe " another historic fact. I'M
~ 1een coined In these United States. and
, 4, al or these were coined before 1sfn
!, nhe ~ this. that 70 long as eold Ess
brones ssp S metal no owner o. silver bullion
re preferred to sell II in file onef, marEst
y u not quite possible that II We omen sonr
, ..Ia aEln the owner OF silver bullion viii
s,,ass ~ NJ 1metal LOT coinage when he can get
a ,.s ana that he will keep away from lie
mint when he can get more In The marSat
than At the minti In other words d. tho III.
With oars aver a y PAP q IKE passions
sv,,s where he can get the better price
v, WI Y, ne not 20 to the mint at 10 10 i. when
" ~, nos market he must give 80 for II viii
II The ra.ios ~ ounces BY going to the minti
p. Of silver would buy one ounce 81 mid
y, y, .ne market, will he not then PASS by stbe
silver e a roi, SCI In the markett Is not this
nine o,sn a.sse game In which the silver
TO lose? w WIN ana never
~, Would You not like some scheme by which
~, ,ne government would give you 81 4 hmshs,
". ", y q, Wneat! IL In the market you could
~ ~ SLl9 would you not sell in the msrh"t
and avoid the government When IN ,Ss
uasket you could only get 90 cents wonld
you not sell to the government ana ayoiJ
~ .a,, IiaIketi Uonuemen, do NOT wish tn
thets. bnt James ~ me- or suggest unseemly cpl
NNEn
OF bunko gamer 'es
asain. 70 repeat tho suggestion already
y nus lnis IL very strong Rovernmant
We are a very active, energetic and now.
rn,sa , * ~ We have seen that when II
:, y, ana gold the dcurer, tho gold went abroad
l .,l the silver staid here. All the power ~
,pis government, by declaring the ratio ~
- 70 aud opening the mints could not
M bn yns sing,e owner Of gold bullion get
~ uuinoh m'nted when he could make
!, cents on the dollar by selling Ills gold IN
t me market or shipping II to Europe All
me power of this government Win H.
nints open to free and unlimited coinaee
eould not make one owner OF silver bum
~ ms bullion Tor colnagewhen he could
nuke ! cents ON II by selling his silver IN
me market or shipping II to Europe' Ths
pau VINO has gold, the man who has sIlver
Lne man VINO has wheat, will sell TINT sIiver
tnat gold and that wheat where he can GET
tns v Dess pIiec, u the government owes hin.
MIN take deprecated coin or legal tcnde,
paper III payment, But this IL IN act ~
Lorce and an exercise OF superior norsr
Il ne has the gold or the silver or the wheet
nv NJ kHnernment cannot compel him to coin
unless the government gives 10 him N ,al
turn that which he believes TO he the v,ir.
y MS property. Talleyrand was risht whsn
W sac, 9. have already quoted: lyon
I'M, 'in w. so arrrange It 20 that the people
paper Instead OF thousand francs In sn ~
cie. hut you can never arrange IL "a tb.,
: man shall be obliged to give n thops.nS
tNhcs N a9ecio for thousand francs IN
h ~ 70 mat fact IL Imbedded the en-.
ths v Se W., AND On account OF that fact
substitute words that express nr...n. 49,,
liuonh, 1ou can, by tho power of gnv.s,,,
r ,.,eah ~ arirange II that we can force n