The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1896-09-03
STEWARDS OWN WORDS
yEyApps SENATOR ONCE TALKED
Ont of His Own Mouth His DeIuded Follow
ers NAV Learn the Inevitable consequen-
ces Of Pree Coinage.

ways the champion OF the 1ree Soinoes SN
silver that he now is, as the subjoine1,;;
furnished by DR.. 8. A. Robinson, Will
show: >,.a.
was an uncompromising advocate OF tns
gold standard until the close Of his second
term in the United states senate. "a
was elected senator In 1854, and re-eiecteo
In 1869 his last term closing Marcn ., teIo'
more than two years after the coinage acr'
which he now calls ''the CRIME OF TO- mas
passed, He was member or tne SENATE
during the three years that that act was
voting for 1t on January 10. 1S71, which was
the only yea and nay vote taken on IL IN
the senate, and Is said to have voteo hof
its final passage.
Senator Stewart was undoubtedly one oi
the best-equipped men In the senate 70
pass upon such measure; he was WONDER
fully keen and alert, and as represents,
tive of the state more largely lnteres.eo
in silver than any other, the proDapnity
of his being ignorant OF any provision OF
IL after It had been under consideration
from April rs, 1870, to February u, 1873.
and been debated until the discussion hlled
Ia columns of the Globe, is so sisnt as 70
render any claim to that erect increoiDie,
and to entirely refute the charge tnat
Ernest Seyd secured the passage OF the
act by -debauching the United States SEN
ate with English gold, 1t being Impossible
to believe that such man as senator
Stewart could, under such circumstances,
have remained ignorant Of crime OF tnat
kind had 1t been committed.
The truth is, that Mr.. Stewart was
most determined and able advocate OF the
single gold standard, as the following ex-
tracts from speeches made by MIN long
after the passage of that act abundantly
prove, He said: ST want the standard
gold, and no paper money not reoeemapie
In gold"
Let everybody know what dollar is
worth Then the man who goes West to
buy produce will be under no necessity to
insure himself against the fluctuations OF
the currency. He can pay the full value
of the wheat then without the fear that
change in the price of gold will break him
down before he gets back to New YORK
The wheat will be measured by the same
standard-gold-in Illinois as 1t Is In Liver
pool and any man can figure 1t up. But
now 1t is a mystery; the whole subject OF
finance is a mystery; and what do we see
every day? We see those who devote their
attention to 1t making large fortunes out
Of this mystery. Let us do as all the peo-
pie of the world have been doing from the
beginning, measure our values by golo,
adopt the standard that all can understand
and get rid of this mystery.-February H.
1874 Congressional Record, page 1892.
The question never will be settled until
you determine the simple question whether
the laboring man Is entitled to gold dol
y
ing to cheat him with something else. That
is the upshot Of the whole thing. The peo-
pie will hold right on to that, and they will
come to the conclusion, T am entitled to
just as good money as my neighbor, ano
10 that party they will all finally come un.
I'll It will get to be big party. 1t was a
little party in England once, but 1t grew
wonderfully. It has been little party In
this country occasionally, but under Siias
Wright, Tom Benton and Calhoun and
o&1,a 30 hn
country. The whig party had to adopt 1t
and put 1t into their platform In order to
get along at all. Everybody had to say
that the laboring man was entitled to
good dollar. That was fought over. They
will fight 1t over again and the same party
will win. There have been great many
battles fought against gold, and gold has
won every time. Gold never has compro-
missed. You say you have got up COM
promise bill on the question whether GOLD
world respect 1t all the time. The Eng
.-lish people once thought they could get
along without gold for awhile, but they
had to go back to it.-June II. 1874, Con-
gressional Record, page 4909.
do not care how much you discuss 1t
or how many resolutions you pass, they do
not make any difference; you must come
to the same conclusion that all other peo-
pie have-that gold Is recognized as the
universal standard Of value. It is the
measure IldL must DC uSSu H. ~ thS
measure by which your wealth must be
tested; and whether 1t be pennies or mil
lions matters not, 1t is the measure thai
must test all wealth. The wealth OF the
United States Is tested by the same rule.
It has been and always will be the touch
stone of measurement; and when you de-
part from that and try to figure up any
other measure which the world does not
recognize, you get into confusion. At
tempting to reconcile them 1t Is idle to
talk about. It is idle to talk about COM
promising on any other measure OF value
the world will not accept it. We have the
experience Of every nation that has tried
1t; and 1t has been tried in almost every
civilized nation. Do not let US try
to deceive the American people; do not lei
-<us try to make them believe by some
hocus-pocus of legislation that we can give
them something Of real value, we can give
them q measure Of value that is bettel
than the universal standard of mankind
Do not deceive them In that regard. LIE,
them know the facts now.
believe that 1t would be highly in5ur1
Gus to this country to again inflate the
currency. need not enlarge upor
the evils Of q deprecated currency. Fhi.
country has felt them too severely to re
ouire that should mention them: 1t mat
ters not what kind Of a deprecated cur
rency you have, 1t necessarily entail!
many evils.-January q, 1874, Congress
sional Record, page 1856.
say q Qeprec1ateQ currency IS dtteuuet
with many evils. The middle-men provide
against 1t. In shipping grain. as wal
illustrated, from Illinois to Liverpool
every person who handles that grain viii
insure himself against these fluctuations
He viii charge a higher commission. i
the grain IL to remain in his possession
step by step, he will insure against fiuctu
atoms; and every one between the pro
ducer and the consumer will insure himsel
against them. Is 1t not fact with fiuc
tuating currency that the value of whea
In Illinois Is the price In Liverpool, less tn
cost of transportation When you have ,
deprecated currency you have not onl!
to take into account transportation, bu
you have to take into account the insur
ance that every man who handles tn
wheat will take against the change in tn
price In gold constantly coming upon him
It gives spectators and middle-men .
chance to cut both ways and eat up tn
consumer and the producer. Blu
suppose you adopt what the world adopt
an the measure Of value for your currency
then what win you have2 Then you cal
have all the currency which you have go
money to buy. You will have .he world