Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1897-07-30
GOLD STANDARD WEAKNESS,
Even It's Advocates Won't Trust TT Il
limo no

Even Its Advocates Won't Trust IT In
Time of Trouble.
The best evidence that this country
could possibly have that our financial
system is all wrong and utterly unre-
liable and not to be depended upon in
times of trouble or distress is furnished
! by the universal fear among gold stand
ard statesmen that a war with Spain, be-
cause of the Cuban trouble, would i'm
mediately be followed by suspension Of
gold payments. The gold standard men
are fearful of such result, and being
fearful, they distrust not only their own
financial system under which this coun-
try is being conducted, but they seek
trouble and all the cause of the trouble.
The New York Tribune says there is
connection between jingoism and a de-
sire to force the country to a silver ba-
Sis" The trouble between Spain and
| Cuba, no doubt, is caused directly by
| the silver mine owners of Colorado and
the west. This must be true because all
| other disasters, both national and in
ternational, have been charged up to
NuS sllNSI SSAoloiS Ny liiC SttSsCAA pAS,SS
and by the average gold standard ad-
lninistration senator. 1t is quite likely,
also, that Senators Teller, Jones, Petit
grew and other radical free-coinage
men stirred up the trouble between
Turkey and Greece for the express pur-
pose of advancing the silver cause by
creating a war scare among the finan-
cial men and bond buyers of London and
New York.
The idolators of the gold standard are
so distrustful of their own gold stand
ard basis which they have forced upon
this country that they believe it can
not be trusted in the hour of trouble.
Upon their own admission it is not a
broad enough monetary system upon
which to fight war, or to carry on
country through period of distrust.
Before gun should be fred" says one
of our gold standard senator's, "our gold
would be sucked up and our government
forced to make loans for the main
| tenance of the treasury reserve or sur
render without resistance to the silver
standard" That is the secret, also, of
the opposition of Secretary Gage to the
Cuban resolution. The appalling spec
tacle that our country might be forced
to C silver standard is sufficient to in
duce any and every gold standard sem
ator to oppose any Intervention on our
part in behalf of the Cubans.
1t has never occurred, and probably
never will occur, to the minds of these
gold standard idolators that the Amer
lean people support the Morgan bel
| ligerency resolution because they are
not bereft of human feelings. The
American people have an eye and an
ear for the sutferings of others.
The gold standard must soon give
way to system that has been tried, g
system under which the country was
prosperous, and that system is the BIZ
metallic system, the free coinage of both
gold and silver at our minis at an estab-
lishcd ratio.
The signs of the times point unerring-
| ly to the restoration of such a system,
| When Wolcott and his travelling COM
mittee report back to this country their
inability to get England interested in an
international agreement for the restor-
alton of silver, the American people will
take the matter in their own hands and
will not again be led away by will
o. wisp" international agreement.
Americans will some day realize that
they must legislate for themselves as
to their own affairs, and will find that It
Is folly to ask other countries to legis-
late for us.-Denyer Times-Sun,