The morning times., 1896-08-07
After All, Who Would Be Beneftedq

laws the plumbers OF incompetent
obstruct the OF this wonderful
country abridge its power to prosper our people.
Perhapsts is Past experiences with disastrous
panics and destructive armed attempt to disrupt the
Union confirm that statement and demonstrate ability
to adversely and recuperate from internal dis
asters But that should furnish for rush
bindy into troubles to endanger the welfare
and happiness of every industrious citizen by experiment.
ing with repudated financial theories There is such
thing converting earthly paradise into poverty
stricken pandemonium, and the adoption OF debased
monetary standard would be step in that direction
Under the circumstances. when prospects for better
times Frightening, it is difficult for a reasoning
mind understand the necessity of blocking the wheels
of trade with unsound financial principle the
tona restoration of fiscal policy that has been tried
and rejected by every great commercial country nclud
ing the United States But that what svertes insist
on doing. England the first to adopt the gold
standard in 1916 and Immediately entered of
commercial prosperity Portugal went to gold basis
1854 and Germany closed her mints to silver in 1871
The United States adopted gold standard in 1873 but
afterward added nearly $500 00O, 900 in silver to
monetary system. Belgium, France. Holland Denmark,
Sweden and Norway also closed their mnts to silver
year. and in 1874 the Dutch Colonies adopted
la gold standard Finland followed their example in 1875
and Roumania waited until 1890 before discardng free
fsver Tunis did the in 1891, and Austria Hum
gary went to a gold basis in 1892. British India
pended silver coinage in 1893 and Chill adopted gold
standard in 1895. Russia and Japan boarding gold
preparatory entering the ranks OF advanced financial
reform Yet in the face of this preponderance of evil
dence against free silver its advocates insist that
take step backward in fiscal economics and descend
to the industrial and commercial level of China and
Mexico
1t is the Hearsts Stewards, Telers and Newlands
of the mining camps who at the bottom of
this piracy to overthrow American prosperity
They expect to accomplish their purpose and multiply
their fortunes the government mnts by arrayng the
against capital They that supporters of
sound money in league with trusts gold syndicates
and moned Influences and that free silver means the
downfall of the money kings. Even there word
of truth in this assumption it would be no
argument against sound money Trusts and gold syndl-
cates in connection with and plenty of money
much acceptable than of bankruptcy and
misery. For, matter how the situation is viewed,
free silver supremacy at the November polls will herald
the beginning of panic such mankind has never be-
fore experienced.
The Sverite to this sef-evident truth is that
public patriotism will permit such financial calami
ty. Ordinarily this statement could be readily accepted
unfortunate combination of circumstances would
prevent such display of patriotism. During the dark
days of 1861 1865, Congress-, the North, and the
monied interests united in supreme effort to put
down the rebellion. There were but few malcontents
north of Mason and Dixons line and everybody
trbuted to the final success In times OF past monetary
disturbances both banking interests and the public have
worked in harmony to restore peaceful and prosperous
conditions and in that spirit they together relieved
the financial depression This time, however, situa-
is entirely different and neither popular patriotism
nor Congressional action could would in harmony
to country from the roes of financial dssou-
ton.
1t is the sincere conviction of sound money support
ers that an adoption of debased monetary standard
would national dishonor and financial disgrace
The payment of all debts pubic and private, 5Ocent
dollars, openly advocated by many slvertes, would
be disreputabe to say the least To prevent such
method of general reputation the fight would be
from ballot box into Congress should free silver pre-
vail the polls and there would be surrender dis
honesty Those who understand the rules of the Senate
will comprehend that free silver bill could pass that
body during the of the sound money Senators.
That at least two years of delay. Then