The morning times. [volume] (Washington, D.C.) 1895-1897, 1896-08-19
Gold as a Benefactor.

silver but insist that should submit cond
ons rather than return the bmetallic They
supposing that reached the end of the evil results of
nuiug person say long
from the attempt to make gold the only standard The
United States will if against other
countries and each to the gold standard
will add the distress scramble for gold
continues prices must fall and general fall in prices is but
sbeeeA
Those familiar with the conditions that caused Cop
gress close minis against silver understand that
it not mistake but there many who have been
led to believe that it done in the interest of gold
SPECTATORS and therefore class legislation that has
since proved an injury
The influences which Mr.. Bryan says oper-
ating destroy silver in the United States our
potent promoters and factors of trade They
the who employ money medium to transfer the
products labor from field of usefulness to another
and who depend its reliability and power to develop
natural and devise methods of investment
They the commercial energy OF social system
and while they may not occupy prominent position
economic structure do the producers, they
a necessity and in full control Of their special
interests Money is the lever with which they the
business world and unless it is unucuating and relia
be their efforts must prove less abortve They
rely upon the integrity of the public protect them
against loss from theoretical and experimental egsla
tion any attempt put force policy is
ected in the disturbance created throughout business
circles. The may be said of failure to provide
for the repeal of unwisc egslaon demonstrated
! by the panic of 1893
! 1t may be claimed that business interests too
sensitive and susceptible outside influences, but it
be remembered that they depend entirely money
to facilitate trade and attack the stability of their
chief agent fail to prove detrimental The fear
of overssue of currency that threatens depreciation
production of either of money metals is
constant of anxiety and those countries have
always prospered best which have refused to tamper
md NV, u1,r 1f
the financial growth of England which has maintained
the gold standard since 1916. Naturally form of
popular government has given opportunity for greater
monetary agitation than has disturbed the European
financial world although European countries have had
their disastrous monetary experiences The immense
silver exports from the Western hemisphere during the
period of the Conquest brought panic EUROPE and
filled the country with bands of pllagng destitute des
perate people. At the time of the California gold dis
business interests became alarmed for fear the
yellow metal would deprecate in value. A panic the
result of the widespread fear and it necessary
organize entire monetary system before confidence
was restored.
The bonanza output of the 7Os and the tremen-
dous silver developments throughout the entire world
the real for the dehronement of silver
legal tender The United States, Holland Italy the
Dutch Colonies Finland. Germany, Roumania, Tans
Austria Hungary, British India and Chill successfully
closed their minis silver in the order named Russia
and Japan will follow leaving important coun-
tries except China and Mexico burdened with the silver
standard In the face of this great change the world
monetary system and in consideration of the fact that
free silver coinage has been rejected unreliable by all
countries how could bear the strain of silver
standard If conditions could be restored they
existed prior to 1873, perhaps such thing might be
possible But and improved methods Of separating
silver from the argenterous of copper, lead and
zinc together with its extraction from the paeozoc
nations have opened vast that would
stock with the white metal product Mining experts
also that other nexhaustible of silver would
be made accessible by free coinage law that
be reached owing to the cost of production. These
alarming proofs of the overabundance of silver
caused be discredited legal standard money
metal although it be safely used in subsidiary
capacity.
In response to the siverite demand for return
to the money of Consttut compare our present