People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1896-07-23
BLAINE AND LOGAN.
Two Republican Statesmen Who Are
Dead and Gone Leave a Warm
ing TO the People-Will
II Be Needed?

II Be Needed?
Extract from speech made by Hon Jas G.
Blaine IN the United States senate February
q 1913 taken from The Life Of Blaine" by
James wilson Pierce L l. d page 80, For
sale Oy Wellington Book and News Co.
On the much veXed and lOng-mOUted
question as to bimetallic and mono
metallic standard, my own views are
sufficiently indicated 10 the remarks |
have made. / believe the struggle
now going on in this country, and in
other countries, for single gold
standard, would, if successful. produce
disaster in and throughout the com
merical world. The destruction Of
silver as money and establishment Of
gold as the sole unit of value must
have a ruinOus effect On all forms of
property except those investments
which yield a fixed return ia mOnec.
These would be enormously enhanced
in value and would gain a dispropor-
Tomato and unfair advantage over
every other species of property. If,
as the most reliable statistics affirm.
there are nearly seven thousand mil
liens Of coir Or bullion in the world.
not vciy uaequally divided between
gold and silver, it is impossible to
strike silver outOf existence as money
without results which will prove dis
treSSing 10 millions and disastrous to
tens Of thousands. 4 | believe
gold and silver coin to be the money
Of the c0nStltuuOn-indeed the money
of the American people anterior to
the cOnstitutiOu-mOney which the
organic law of the republic recognized
as independent of its own existence.
No power was conferred on congress
to declare that either metal should
not be money. Congress has. there
fore, in my judgment, no more power
to demOnetize either than to demon
etlze both. + If, therefore. sill.
yer has been demonetized, | am in
favor of remOretizihg it. If its coin
age has been prohibited, | am in
favor Of ordering it to be resumed
If it has been restricted, lam in favor
of having it enlarged.
Extract from speech by Ohm 4. Logan.
Republican senator from Illinois ia the sem
ate January Is, 1874, See Congressional Rec
ord volume :, part !, page 155
l can see benefit only to the money
holders and those whoreceive interest
and have fixed incomes. can see as
a result of this legislation our business
operations crippled and wages of la.
Dor reduced to a pittance. | can see
the beautiful prairies of my own
state and the great west, which are
blooming as gardens, with cheerful
homes rising like white towers along
the pathway Of improvement, again
sinking back to idlenesS. | can see
mortgage feDds at their hellish work
| can see the hopes of the industrious
farmers blasted as they burn corn for
fuel, because its price will not nav
the cost of transportation and divi-
dendS of millions of dollars of fictitious
railway stocks and bonds. | can see
our people of the West groaning and
Ourdened under taxation to pay debts
OF states, counties and cities, incurred
when money was abundant and bright
hopes of the future were held out 10
lead them on. l can see the people
OF our western states, who are pro-
ducers, reduced to condition of serfs.
to pay interest on public and private
debts TO the money sharks o. Wall
street, New York, and Threadneedle
street, London, England. And this
will be accomplished by withdrawing
the treasury notes from circulation
and destroying them, until the banks
can control the entire volume of
money and then compel the people to
use personal checks in lieu of money
checks passing through the clearing
houses, which the banks will estab.
liSh in all the larger cities, 70 enable
them to make a fictitious showing Of
prosperity and fool the people with
the great volume of business, which
they will cause to be published in the
daily and weekly newspapers. But
remember, checks are not money.