Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1896-08-19

IN snort, under some circumstances the
two lakes might be worse than single ons
might he. However. that is a question OF
legitimate discussion. But in this cnse IL
Is not proposed to have two lakes IL is
proposed to say that we have two lakes
and shift from the one we have to one we
have not. tApplGuse.l
Some History on the Question.
let us see IL the history of this country
shows us anything upon the subject. Real
bimetallism, and that is the kind we must
nave. because, as / said to you at Alfred
II this is disease at all It is a world dis
Ease, and has got to have world remedy.
Nothing else will attend to 1t. Applause
w ny, we had some experience in this coun-
try, hut mems memories are short In 1850
our earlier fathers determined 10 marry
Ihe TWO metals together. What was the
hrst thing they did? It was TO ascertain
the market value of the two metals as they
stood side by side then, and they thought
that they were fifteen to one-not sixteen
TO one, but fifteen to one What was the
erect? IT was an generalization Of silver
Yes. the gold in n gold dollar was worth
less than the silver in a silver dollar " hat
was the result? Why, If a man had two
dollars, one of which was worth 1CO cents
and the other was worth lO2 cents he lent
the lo2-cent dollar longer and passed OFF
inc other one quicker. Applause / don't
mean that the average man did that Two
cents on n dollar, even in those days was
rot worth making much fuss about. but
whenever silver dollar came into the
bank or reached the money changers he
put 1t out OF circulation.
Gold Was stored Away.
! have miss,ated. ! should have said
that gold was more valuable so that we
hdu silVer alone during that period The
Roid, being more valuable fed away
Well, now, the gold disappearing. orr IA
theirs i'm 1894 thought they had better make
change and see IL they could not keep
Eold ana silver together. So they changed
the ratio from fifteen 10 one to sixteen IN
one. or, TO be exact to 1893 70 1 That
turned out to be an generalization the other
way, and what was the rcsultf The re-
suit was that gold reisned supreme
Then. in 1861. we had n war and we is
sued Ereenbacks. and greenbacks, being
cheaper for II years. drove out both cold
ana silver, hut IN 1879 we resumed sDecie
payments and the result was that ,ye re-
suined them. as we agreed to do I'm 1872
upon god basis And that has been the
case ever since.
This. then, is the experience Of -be
l'liep states encountcrinE einCle-hando6
inc question OF currency. We never yvern
r 10 "hen there was q difference OF two or
'lrco per cent to keep the one metal along
side the othor. IL was always either old
or silver, never both. Now, If the United
states then could not lift a silver dollar
th7t was worth only two cents less than
the gold dollar. can she nov. Uft q -9-ccrt
ipiAr 10 the height Of 100 cents2 IAN
if"use.I md II she can. why should we
want TO do 60? Suppose Won have cot n
h'use-is 80 worth ouy more. is IL any air
'rr,,nt house whether e is worth 2.col silver
collars or 1000 gold whole dollars2 IAN
i..uscl IT you want to count vorI, house
o more dollars. why not cut tho gold dollar
IN two and measure Il b. gold?
Must Tc Ono Standard.
Arc there any more potatoes IN 4nn0
I'chs man there are I'm 1000 bushels? III
t,oilelq Der my arithmetic right and per
maps ! don't your house is the same. your
iarm is the same. II produces tho =ar,e no.
suit oh, but you say, our prices b,va
gone down, md they have gone down ON
account or the appreciation Of gold. and
therefore we want TO change IL into eilvc-
90 mat II viii 20 up again whether pold
mas appreciated or not i do NOT supr,ogo
ulat any man knows. but whatoycr its a..
sTtclation has been. II has been a lo'.g time
uolnT 10. and It's effect upon prices ~, ~,
judgment. has bccn nothing.
The democrats talk about the fan I'm
prices or cotton and wheat because p,fd
mas appreciated In value NV friand-
tVery one IN this country. even the farm
ore. are liable 90 meet with Some tro,,i,io
IN their business. More people 20, ir.1, ~
business and the profits Of the btiet.-o.ss if-
crease because there arc so rnau,, o., li,.i,1.
mem Why has wheat gr-o down. No,
because tho silver was deuonofized -
because Russia and tho Argentine 30
nc nre raising millions Of bushels az yvtoot
ana they can sell it here as chaap "a o.,
FARMERS can Now. we will aly,avs ,a,,o
money. even n we demonctlze overv doti,r
OF Eold ana silver In the world And We
may nave silver money pcrhaas but ar.
You any better Of " you have your IRON
cry rcckouod 10 half-dollars. as IL win H..
on " silver basis. rather than iu dolIaro 10
" " AT present. No. we don't want sttt,er
because the road is a thorny one to tro,eii
ana after you travel II q will be qtlII moro
thO-ny and rougher '"''
Country Must Have Good Crcdit.
credit plays q great part I'm the alice
question. N your merchants buy GOOD,
from England you will find that rrodi'
amounts TO a great deal. and ON n .fi,,,,
1asis we will pay big sum for this cre5t,
rms Us why merchants do not want "a enc
OASIS. They say, on a silver basis ,,,,, .ttt
scale down IN our debt cne-half Notii,i 80,
90 DO and deprive the man you oyye,,f ,'s,,s -
half OF what you owe hirn2 shall Tho -.
DO ~ say no. and not from soutlr,e,t III
make this statement. but from q seicSt
reason. We must preserve our credit a.
the world, and II we adopt a silver 49, |
We VIII ruin II the world over W. D"5ls
no silver basis 10 help Us out Of fbesc I.11
times because the silver basis IS dfsb,,'l'.
able. Distrust brought on these bard ,t.l |
w 1919, and hard times will last urtu -
turn down these slverites; and WIN ~
settle this thing for good and Ali h. ~
vemDer we VII hear no more az 49,