Delaware gazette and state journal., 1896-04-16
Words of Wisdom.


troller of the currency, said:
Our credit is maintained by what
we set up as our standard of value
unon which we shall base the transac
tions aud tho contracts which we arc
TO carry out The people who aro deal
ing with us abroad, not less than the
people who are tranHactiDg business
hero at home. take their estimate Of
our financial integrity by tho financial
standard of the government which we
support and which we control in i'm
portant details. II the United States
should set up a standard of value which
cheapens the present one. which makes
Il subject Of inquiry and of constant
questioning whether or not tho govern
ment shall maintain tho payment of its
obligations in tho only standard OF
value which is recognized in the com
mercial world, all the financial integrity
OF the individual citizen in his ind,
vidual capacity could not save this
country from state of financial col.
lapse. These people of the United
States ought to have the very highest
standard in monetary sense that the
world knows Of applausel, |, or olse we
ought to cease prOulaiming that hero
are to be found the most aggressive
people in the world. Applause. 1t
ought to have tho highest monetary
standard which Is known, or else cease
hoasting OF its standing as rival of
and as outstripping England and France
and Germany, and proclaim that, in
stead of oustripping them, it ranks
itself with the Mongolian.
\ n
Silver metal has passed from the
world of commerce aa standard OF
value because tho commercial world
has set its seal of condemnation upon
ii, and all the laws placed upon the
statute book in Washington, or in West
minister, or in Berlin, or in Paris, can
not reinstate il. Applause.
The Roman demanded that iron,
when used as u money metal, should
not be used as commercial article,
and they dipped it in vinegar to rot it,
but when he did that act it lost its
commercial value, and at the same
time it passed out Of circulation as a
money metal. So silver. no longer
recognized by the world Of commerce.,
will no longer be reckoned as a standard
of monetary value in any great country,
and no people need delude themselves
with the idea that here or elsewhere
you will ever SEQ set up a double
standard of value which will be sue
cessful thing If put in operation. APP
plause.
A free silver act never can pass both
houses of the American Congress at
the same period Iapplause, and if it
did. the American people will never
send to Washington, indorsed by the
vote OF the people sufficient to elect,
President who would give official sane
tion to such an act. Applause.
Comptroller Eckols has compressed
into few words the worry essence of
sound finance Columns Of type could
not more completely express the situa-
tion than the brief remarks above
quoted. How any party or any men
can clamor to set up cheap standard
OF money, with tho claim that great
rational prosperity would thereby fol
low, is a mystery. Nothing could be
clearer than that disaster, swift and
far reaching, would be the inevitable
result.
W
The meeting of the Maryland Bankers'
Association in Baltimore, Thursday,
was a notable affair. 1t was attended
by bankers and iinanciers from every
part Of the State, and all were keenly
interested in the purpose of the gather
ing. They were unanimous, also, in
their views upon the money question.
Comptroller of the Currency Eclkles,
who was present as special guest,
made one of his capital addresses upon
the necessity for a sound system Of
national finances, and there were other
good speeches by members of the asso-
citation.
But the great feature OF the meeting
was the adoption, by vote that was
enthusiastic as woll aa unanimous, of
tho following resolution
| Resolved, That we arc unalterably
! opposed to the FREQ cunag Of silver and
/ 70 every dNbasement of our currency
/ IN whatsoever form it may be pre-
/ sented; that we firmly and honestly
hrliEve that the true interests OF our
| country will be best served w its rigid
adherence to the gold standard Of value.
| the continuance of which will not only
| preserve lts financial integrity and the
4 future welfare of its citizens. from tho
| wage Garner to the capitalist, but will
insure, through tho prompt rcstora-
4 ton Of confidence, that rand de-
i Yolopmeut pf its resources which will
eventually place il among the first com
morcial nations Of tho earth.
Hero is a declaration that means lust
what it says, and says the right thing.
There is nothing ambiguous about it.
II cannot be misconatrued. II is a
clear cut deliyeranco in opposition 10
tho folly Of free silver coinage, and in
favor of tho single gold standard for
our national financial system.
Tho national conventions of the Re-
publican and Democratic parties roud
not % botter than accept the resolution
Of the Maryland bankers aa tho finan-
cial plank Of their platforms.
There will Be no danger Of such a
situation ut ~. Louis, aud the tide in
favor ~ Il Sound money! plank Is
being 50 forcihiy impressed upon the
fow wayerlng Republicans that the
candidates nominated at St. Louis will
90 bofurH the country upon platform
which cannot hc misunderstood OF
miainterprcted. Morning News.
But suppose Mckinley should be
Nominated, as now seems ycry probable.
Would he 'ga before the country upon
a platform which cannot he misunder-
stood or misinterprctedN Not much. Ills
platform would be the same meaningless