The herald., 1896-08-16

land in various forms of indebtedness
about s., OOo. 100000. The money was bor-
rowed. when gold and silver were at par
and the debt is payable in either gold or
silver. England is like Joey Bagstock,
''deviIish sly in raising the cry of honest
money"-and if she can force the gold
standard permanently on this country she
will practically double that debt by en-
hancing the purchasing power Of gold and
reducing the price of labor. thus making
the people of this country pay 81 for every
81 borrowed. When the fact Is considered
that the Rothschilds own or control one
half of the gold coinage of the world and
there has been a persistent effort on the
part Of goldites Of Wall street and Europe
to prevent silver coinage, it Is plainly to be
seen that the cry of "honest money" SIM
ply means a gold standard which the for
eign creditors of the United States and
Wall street brokers can control and man.
ipulate to their own advantage.
If all the debts in the country had been
doubled by an act of legislation, 1t would
have been a far less calamity to the debtor
and to the country than the increase In
their real burdens already caused by the
contraction Of the volume of money.-RE-
PORT OF. MONETARY COMMISSION.
page 5S.
Silver was demonetized in 1873 at the die
tation Of English creditors and Wall street
goldites, and since then persistent efforts
have been made to prevent its further
coinage. 1t has already been shown why
this was done. and yet it is amazing how
blind large majority of the American peo-
pie have been to this outrageous attempt
to double their financial burdens. One of
the most encouraging signs Of a thorough
awakening to this greatest Of all dangers
to the perDetuity of this republic is the
unprecedented demand for statistical mat
ter referring to gold and silver coinage,
bonded indebtedness, etc. The advocates
of free silver coinage have no cause to fear
the most rigid investigation Of the subject.
Whoever controls the volume of money
in any country is absolute master of all in
dustry and commerce.-JAMES A. GAR
FIELD.
TO annul the Sse of either Of the metals,
as money, is to abridge the quantity of cir
culating medium, and is liable to all the
objections which arise from comparison
AtxANpEK Of * Tsio sKf x iGfeiy
I concur with you that the unit must
FERSON.
presidents-Lincoln and Garf1eld-above
quoted seem almost prophetic. when ap.
piled to the present condition Of our coun-
try. Alexander Hamilton, one Of the great.
est financiers Of the United States, and
Thomas Jefferson, probably the foremost
statesman of his time, were no less en-
phatic in their warning against the evils
of one standard. 1t behooves the Amer
lean people, therefore, to heed these proph-
etic warnings and discard the un-American
and unpatriotic argument that we must
await the pleasure of England the great
est enemy of American institutions, before
We can safely adopt the double standard
gold and silver.
If the truth is one and opinions are va
rious, 1t Is evident that some are in error.
IT, then, such vast numbers Of us are in the
wrong. who shall dare to say, II am in the
r.ght?" Let us. therefore, be indulgent
in our discussions. Let us all seek the
truth as IL no one possessed it.-VOLNEY.
The foregoing may well be applied to ed
itors Of newspapers and individuals who
call the advocates Of free silver coinage