Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1897-08-02

the day Of the election the cause o.
silver met It's "Watcrloo," and that
further efforts In its behalf will be
futile and useless. Tho adoption Of
tho gold standard by Japan and tts
parting with silver by the Chinese to
India. are bat links 10 the chain OF
evidence that tho white metal isto be
discarded by all the commercial
nations OF the earth. While our com
missioners In behalf Of bi,metallism
are being cordially greeted in Europe,
there is no indication that any of the
great nations there will for a moment,
consider any proposition to discard
and replace the existing standard Of
gold, which they are all maintaining
When Bsbjamin Harrison was pres
ident OF the United States he declared
that "the gold standard is too limited
/, upon which to base tho monetary
transactions Of the world" While
this was true than, and possibly Is still
true, the greatly Increased production
Ct gold 10 the world Indicates thai Ii
: may not be true In the Immediate
future. The millions added by the
reefs OF South Africa, he-rich veins OF
Cripple Creek, the great leads of the
Alaskan coast and the fabulous
placers OF the Yukon promise to- so
increase the worlds store of gold that
no other metal will be needed upon
which to base the monetary transac-
: lions of all the nations Of the earth.
and 1t being recognized already as the
best metal for the purpose, no one na.
ton can aft )rd to iucinde any other
metal in its standard. Of values. La
= face Of this it is little less than sheer
folly TOR any n TO advocate and con.
tend for the opening of the minis Of
the United States alone to the. free and
Unlimited coinage OF silver at the ratio
of sixteen Of silver to one Of gold. 1t is
not the tustness of The cause which has
brought about the victory of gold, but
the fatcs have been against silver.
! 1t is hard ~ give up Q cause for
which one has conteEded upon couvic- +
tions Of rigbt-and justice, but 10 the
worlds history 10 one, but many In I
stances are recorded where such has
been the result.
The devoted adherent to the cause
of state sovereignty and the coDstruc- +
fion Of the constitution TO givesaDY state
the right to Withdraw from the union
Of states, who 10 defense of this posi-
ton took up arms in resistspcs to the Il
crorxsopt 1QC1 3 dnnu n4f 10 do. n,
that he was wrong,s but 9!
Of the sword decided the issue against s,
him. So tbs knight Of silver remoEiti- b
zatioD, vino hbE met the hosts OF the :
gold standard in every form and par
ried their thrus.s at every turn, may a
now as we'll admit that be has been !
vanquished, however unfairly the vic y
tory over him has been aphieVad.
1t was with prophetic vision that '
John G. Carlisle, when secretary Of !
the treasury, four years ago, declared
that s.lhe gold standard has come to n
stay fer al tims,n It will be MAN.
tanned By law throughout the world :
and the greatly increased production
OF gold, stimulated to a very great :
extent by the dcmontlzatiou OF silver,
will SO Lesson the disastrous IF lots Of its
mainLonarce that the people will &C. |
eept it.
Never again can the advocate Of pro.
lection and the free trader, the con-
and the radical, lhe. trre biz |
metaliist ard the fat paper advocate, !.
the socialist and the anarchist, all be j
pnjted 10 behalf Of the restoration OF
silver. I
It. may be that, BY International I
agreement, or by independent action I
the government of the United States,
a larger use may be made of silver as 8
money, but not as q standard Of re- Il
demption, nor admitted to free eainage J,
the nlinta. B
But. WHAT Of The issues Of the futurfp g
II the new tariE laM shall supply spM {
client revenue to meet tbs needs OF the =
government, IL will not be repealed f,r
many years, ncr changed. except in 50 q
lar as it may be necessary to restriet q
Tie power end pratsnt the paopla =
the great trusts and monopo- !,
which are beneiclari> of certain 4
Df its schedules. The tariff will not be .
an effective issue in 1900. The ad-
|assnent Of the currency Of the country : i
q The permanent maintenance Of the !,
yold STANDARD will, probabsy, be rec \.
5gniz d as q necessity, ard acted upons
q lie near fut1re.s There Will be a ~
%,montest over the. methods. but not OF :"
d i'll oient importancei 10 form q national -
saue. The oyersh allowing issue of the -
u...o 4. rofn,, ~ Ia damocrAeT %arainstt