The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-05-28

neous destruction OF half the move
able property OF the world. Including
horses ships, railroads and all other
appliances for carrying on commerce.
while ii would be felt more senslbiy
at the moment. would not produce
anything Ike the prolonged distress
and dsorganizntion OF society 'hh'
must inevitably result from the per
mancnt humiliation OF one-hali OF 'ne
metallic money of the world '"n-
trast these words Of Carlisle win the
sophlstry he is now uttering.
While secretary Of the treasury. MT
John Sherman wrote TO w. ;. 'roes-
beck. OF Cincinnati. Ohio. saying,
among other things: During Inc
monetary conference in Paris was
strongly in favor of the single stanuaru
OF gold. and wrote letter which you
VIII find in the proceedings OF tnat con.
ference stating my views. AZ tna'
time the wlsest of us did not anticipate
the sudden fall OF silver, or rather Tue
rise of gold. that has occurred. o'ner
arguments showing the dangerous ei-
feet upon industry by dropping one =,
the precious metals from the standard
Of value outweigh In my mind all the
theoretical objections 10 the pline'aiiie
\ system"
have time to notice only few OF
the utterances OF the great men OK Eu-
rope who were familiar with this SUB
iect. | Will first notice the results OF
the researches and observations OF the
Historian Hume. expressed as follows.
1T is certain that since the discovery
Of the mines in America Industry mas
increased in all the nations OF Europe.
We find that In every Kingdom III
which money begins to flow In greater
abundance than formerly everything
takes a new faith. Labor and industry
gain life. the merchant becomes more
enterprislng. the manufacturer more
diligent and skillful."
Mr.. Ernest Seyd. high European
authority. wrote years ago:
Upon this point all authorities upon
the subject are in accord. to-wit: mat
the large increase In the supply OF gold
has given a universal impetus TO trade;
commerce and industry. and to general
social development and progress
In 1913 Leon Fauchet. in his work
entitled Researches Upon Gold and
; Silver" SAYS: If all the nations OF
Europe adopted the system OF Grea'
Britain. that is. single gold standard
the price of gold would he raised De-
yond measure. and we should see PRO
duced in Europe a result lamentapie
enough.
In 1869. while the agitation In favor
! of demonetizing silver was in progress
=, the French government appointed 2
: commission 10 inquire into the subject
A number OF distinguished financiers
|. appeared before this commission ano
: gave. their views. NJ Wolowskl said
I - Hs,e nvaript1G metal ls
! reckoned at fifty millards, one-nail
!. gold and one-half silver If. by stroke
!, Of the pen, they suppress one OF these
!, metals in the monetary service the!
!, double the demand for the other meta
= to the ruin OF all debtors"
n NJ. Rouland. the governor OF TIT
Bank Of France. said: I'VE have not Z
do with idle theories The two money
have actually co-exsted since IN
!. origin of human society: they cocks
= because the two are necessary by thei
- quantity, to meet the needs OF circuia
= ton"
u, The American people have hear
IL much about the Rothschilds. W,
ouote from one. Baron Rothschilt
ID one OF the greatest financiers or IN
~ age. said 10 this commissions: Tn
ne Simultaneous employment of the NV
~ precious metals is satisfactory ana give
Is rise 10 no complaint. whether gold @
u silver dominates for the time being.
~ il always true that the two metals col
he cur together in forming the monetar
~ circulation OF the world. and II Is III
Nv general mass of the two metals cor
n bined which serves as the measure Q
IL the value OF things. The suppressio
III Of silver would be a veritable destru'
ID ZION OF values without any compenss
ef tion."
Id Lot me state here that in the man
ne hooks that have been written on IN
70 subject know Of no instance In whic
lie the essence OF the whole matter
nj given in such few words rs Is don
n here bv the Baron Rothschild:
ge 1st The use Of the two metals is 81
to ,sfactory and gives rise TO no con
nlaint. I'd. Whether one or the oth'
r. dominates for the time. 1t Is Away
"a true that the two together concur
b. forming the monetary circulation OF u
nv world. Sd. Ii Is the mass or the CIV
he metals combined which serves as Il
he measure of the value OF things. A.
r, Tho suppression OF silver would be
Id yeritable destruction or values VIII
zee out compensation.
mn over year ago the seer
n 70 New York and in an address to I
no Association of Bankers at wine d.
~. ner in speaking Of bimetallism or
ia combined standard said that he cou
u.s. not understand how there could be
&c combined or bimetallic standard
I'M values any more than there could
as two standard yard sticks Of differs
~. lengths. Whether Mr.. Rothsch
,ev would have seen two yard sticks af,
~ a vine dinner do not know. but thu
10 ara men who have seen worse thin
mic than yard sticks under such circu
OF stances.
on In 1873 the great Prof. Laveleye
her reared before the Belgian monets
ess commission and among other thil
de- said. The debtors. and among tn
de- the state. nave the right TO pay In &
ar silver and this right cannot
q taken away without disturbing the
~. lation OF debtors and creditors. to
~ preiudce Of the debtors to the ext
M, pcrhaps Of one-half certainly OF {
,he third To increase all debts at a b
~ Is n measure 80 violent. so rev
oI,. tionary. that cannot believe that