The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-08-12
A DOUBLE STANDARD.
A GOOD THING FOR THE CITI-
ZEN NOT A GOOD THING
FOR OFFICE HOLDERS.
Citizen Thurston Of Nebraska and
Senator Thurston of Nebras.
ka do Not Agree.

Inc hon. Jo0n N. IuuIStOu, CudlIIud4l
Of the McKinley-Hobart national conven-
ton. and recently attorney Of the Union
Pacific railway, will tell the people OF
Minnesota tonight why they should en-
brace the British gold standard. Inasmuch
as many readers Of the Penny Press will
not be able to hear the attorney Of the
gold standard cause tonight, the Penny
Press takes this opportunity to give Few
OF the stereotyped arguments which ne u
delivering from city to city over the coun-
try, and also to present the complete refu-
tation Of himself in his letters and
speeches Of 1893, 1894 and 1895.
United States Senator Thurston will tell
the people OF this city tonight how
there y money enough under the
present gold standard" and how gold
alone is sufficient for the monetary de-
mapds Of the country. He will tell yor
that the free coinage Of silver will benefit
no one; that the debtors are not suffering
and that the prices Of labor and labor pro
ducts have not been cheapened by the ap-
probation and increased purchase power
OF the single gold standard. This Is Sena-
tor Thurston, seated in political power and
employed as retainer of the bondholders
Now we will listen to plain Mr.. Thurs
ton, candidate for the senate and a sup
plant before the people. In his letter tc
Jay Burrows. under date Of July. 1893. Mr.
ThurstOn said:
am profound believer in the use OF
both gold and silver as money. I ADVO-
GATED THE RESTORATION OF
FREE COINAGE BEFORE ANY OF
THOSE. WHO ARE NOW THE SELF
SELECTED CHAMPIONS or SILVER
IN NEBRASKA HAD EVER OPENED
THEIR LIPS ON THE SUBJECT. AT
the opening of the corn palace In Sioux
City four years ago / said:
At the risk of being tedious ask your
careful attention to the presentation Of an
other grave question, which, in my judg-
ment, is of such mornentous Importance to
the entire West that all ouE people should
join in vigorous efforts to secure its early
WE OF THE WEST MUST HAvE
CHEAP MONEY; mot MONEY IN
TRINSICALLY CHEAP, BUT CHEAP
IN INTEREST CHARGES FOR ITS
USE. r- s,.w -
We are money borrowers and we need
vast sums with which to hasten the devel-
Opment OF our wonderful resources
We have good security to give, and
neither reputation nor bankruptcy Is to
be feared.
But the amount Of money in circulation
is becoming inadequate for the daily COM
mercial necessities Of the country. It is
almost impossible today for our local
toners at 10 per cent. rney have not a
dollar to loan on the best paper to anyone
else.
In poular parlance money Is scarce"
The country grows so fast that the de-
mand increases almost by multiplication
AN INADEQUATE CIRCULATING
MEDIUM ADDS TO THE RELATIVE
VALUE OF THE DOLLAR AND
CHEAPENS THE RELATIVE VALUE
OF EVERYTHING ELSE.
EVERY DEBTOR MUST WORK
HARDER OR SELL MORE PROPERTY
TO MEET HIS OBLIGATIONS THAN
He OTHERWISE WOULD.
Senator Thurston will tell you tonight
that the repeal Of free coinage in 1873 was
ed and a blessing TO the country. -
In his letter of July. 1893 Mr.. Thurston
plain citizen of Nebraska, preached thus
OUR MOUNTAIN RANGES PRO-
DUCE A METAL WHICH, UNTIL A
FEW YEARS AGO, WAS MONEY THE
WIDE WORLD OVER. SILVER WAS
ONE OF THE STANDARD COINS OF
THE UNITED STATES FROM THE
BIRTH OF INDEPENDENCE UNTIL
ITS REORGANIZATION CREPT INTO
THE STATUTES OF CONGRESS
EITHER BY MISTAKE OR FRAUD.
/ ASSERT THAT THE AMERICAN
OF THE. WEST, DEMAND THE FREE
AND UNLIMITED COINAGE OF Sill
YER. DO not mean that the financial af-
fairs of the country should be carried on
by the actual use Of silver, for it has been
demonstrated that the silver certificates
answer better. Nor am certain that the
present standard should be adhered to.
yer a legal tender for all deDts, public and
private. LET US GIVE THE RIGHT TO
ANY MAN TO DEPOSIT THE BULL
ION IN THE TREASURY AND RE
CEIvE FOR 1T CERTIFICATES RE
DEEMABLE IN SILVER COIN, AND
QUATE FLEXIBLE AND STABLE
CURRENCY is SOLVED. a4.
Senator Thurston will declare. tonight
that free coinage will not restore silver
to coinage value, q nor. help the. price OF
wheat. and that thu EJnitedl stathsacannot
think of free coinage. He VIII racite from
his Madison speech 'thus.tnuoo Hne
They tell me-and I am urged to it by
Jones and all the others in the state-they
tell me that to open our. mints to the free
O0kllO1
back 129 cents an ounce. They have as
serted it, iterated it and reiterated it, day
after day and month after month. MY
couEtrymen did you ever stop to think
that If the free coinage Of silver will bring
silver bullion back to it's .old-time price
that there will be none of this increase in
the price of products, none Of this increase
in the price Of labor that they promise or
the other side? This is exactly true that
every promise they make to the people OF
this country of rise in values, of more
per bushel for wheat or more dollars De,
day for men Is a promise based upon the
proposition that the new standard Of value
the new dollar Of silver coinage-will be
less than the present dollar Of the country
In which we live. One thing or the other
is absolutely true.
In his letter to Mr.. Gunton of New
York. in July. 1893, Mr.. Thurston said:
HAVE NO DOUBT THE REMONE-
TIZATION OF SILVER IN THE UNIT
ED STATES WOULD SPEEDILY AND
CERTAINLY APPRECIATE THE
PRICE OF SILVER, NOT ONLY IN
THIS COUNTRY, BUT THROUGHOUT
THE WHOLE WORLD. NO matter what
other governments do, this country ought
not to eliminate silver from use as coin
metal. Any legislation in that direction
will be looked upon by the common people
as in THE INTEREST OF THE MONEY
POWER FOR THE EXPRESS PUR.
POSE OF INCREASING THE PUR.
CHASING POWER OF MONEY AND
DECREASING THE SELLING PRICE
OF EVERYTHING PRODUCED BY
HUMAN TOLL. IT IS A FACT, WHICH
SHOULD NOT BE OVERLOOKED by
STATESMEN, THAT THE PRICE OF
AMERICAN SILVER AND HE PRICE
OF AMERICAN WHEAT REACHED
Low WATER MARK ON THE SAME
DAY.
Senator Thurston will guide you to pros.
perity tonight under the blooming British