Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1896-10-01

Tor his efforts to discredit silver. as follows
During all his years at the head of
government he was dishonoring one of
our precious metals, one of our own great
products, discrediting silver and enhance
ing the price Of gold. lie cndeavored
even before his Inauguration to Office to
stop the coinage Of silver dollars, and
afterward and to the end of his admin
lstration presistently used his power to
that end"
And Senator Cameron, in a letter to
the National League Of Republican Clubs,
June IL, 1894, wherein he said:
yet the bankers of London have SAID
that we must submit, and we have sub.
mltted. So strange spectacle has never
been seen in ouI history. Argument, and
even the compulsory proof brought by
worldwide ruin, seems to be helpless
against this astonishing power. What is
the use OF Argument when we are all con.
WINGED, and when at least nine-tenths of
the civilized and uncivilized world agree ?
England holds us to the single gold
standard alone, more despotically than
she could hold us to Ter empire in l776.
The mere threat OF her displeasure
paralyzes mankind"
In 1875 monetary commission, insti.
tuted by congress, reported on the demon
itization Of silver as follows:
"rhis is one-sided system, which can
operate only in the interest OF the credit.
or, the usurer, and the pawnbroker,
whom it enables, through the falling
prices which itself occasions, to swallow
up the shrunken resources OF the debtor,
but is impotent to protect the interests
Of the unsecured business creditor, or
society, when, from any cause. the
supply OF the money metals becomes de-
ficient."
He presented charts prepared by Sir
Guilford Molesworth, and exhibited at
the Brussels monetary conference, where
twenty nations were represented, the ac-
curacy OF which charts was not disputed.
They showed the comparative rise and
fall Of the price Of silver with that OF ia
Of the principal products Of labor, and
their pathway intertwined like the strands
OF rope. A similar chart for the years
1891 to 1895 inclusive showed the same
results under both the Mckinley and
Wilson bills, silver falling 40 per cent
under the Mckinley bill.
Can we maintain bimetallism alone,
was the closing proposition, and for proof
he showed the comparative productive
energies OF this nation, according to Null
hall, to be two and one.half times that of
Great Britain; three times that OF Ger
many; four times that Of France; twelve
times that OF Spain. When the mnts OF
India closed silver fell II cents in four
days. The productive energies Of India
are less than those Of Spain. Tie open
ing OF the Indian minis to silver would
restore to its value as much as was lost
by their closing. Cannot the United
States restore many times more than In
dia? Thomas B. Reed, in a speech Feb.
ruary 81, 1894, declared:
II repeat, as compared with England
herself as market, our people are equiv
alent to 175 100000. AS compared with
the rest OF the world. England included,
we are equal as a market to 100000, 000."
Rand-McNally's Grammar School Ge-
ography, in use in our public schools, and
adopted by Republican state board, on
page 81 says:
"Witll one-twentieth OF the population
OF the earth it consumes onc.fifth OF the
earth's entire production Of sugar, three
tenths OF its coffee, one.tllird Of its iron,
one.third OF its steel, three-tenths OF its
copper. one.third OF its lead, one-fourth
OF it's cotton, one-third OF its wool, one
third of it's rubber, three-ffths Of its coal
and one.half OF it's tin"
Shall we thus teach our children the
greatness OF our country in these respects,
and then stultify ourselves by teaching
them that she is impotent SO far as silver
is concerned?