Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-01
CALIFORNIA FIG SYRUP co.
SAN RANCIsC0, Cal
H. NEW Y0RE. N. 2.

this point that every time another nation
adopts the gold standard, it intensifles the
silver mems position, and makes it the
more necessary for us to begin the work
of silver restoration. Take single eX-
ample. The recent adoption of the gold
standard by Japan has done two things.
First it has increased the demand for
gold and the effect will be to send prices
still lower than they otherwise would
have been. Second, it absolutely demon
strates the correctness of our proposition
that the free coinage of silver will raise
the value of that metal, because. as you
an, coming only few million dollars each
year, stopped coming it, the price of sill
Yer took sharp tumble in the market,
and in the course of z month or two lost
nearly or quite one-ffth of It's total value.
No Intelligent man who is honest will
deny. that the. main cause Of the recent
closing of the Japanese mint to it. In fact
BradStreets the London Economist, the
Statist, the Mark Lane Express and every
other great financial and trade journal in
the world have distinctly recognized the
action of Japan as being the main cause
of the present decline in the value of sill
yer. Now, if the closi ing of the mint Of
Japan will send silver down. it is in accord
with the plainest principles of common
sense to believe that the opening of the
great American mint will send 1t up and
a great deal more than Japan has caused
It to fall. for the reason that We are in
comparably greater richer and capable
Of using many times more silver than
Japan could possibly utilize. AS before
shown by no less authority than Senator
Sherman himself, silver did advance in
price under the operation of law.
GOLD ARGUMENTS DESTROY EACH
OTHER.
There is not, my friends, a single propo-
sition which the gold people have ever
made that has not been absolutely dis
proved by the logic of events Their ar
guments are a bundle of inconsistencies,
gold In accord wi zach
other, and never saw one who was
even in accord with himself. l have
never yet heard or seen an ar;
standard which did not contain within it
self all the elements necessary for its own
destruction
AN INTERNATIONAL AGREEMENT.
But they told us that they were going
to restore silver by International agree
ment; We asked them why. If the gold
standard is all right, what do they want
of international bimetallsm? The very
fact that so many of our opponents claim
TO be. in favor of bimetallism by interna-
that there IS. something. radically wrong
with the gold standard. Did you ever
hear a Republican when telling you about
the efforts of the present. administration
national agreement. attempt to explain
what ne thought the effect or internation-
al a. metallisn9 would be, or IN what way
it would benefit the people of this coun-
try? | venture to say that you never did.
What would be the effect of restoring sill
yer by international agreement? Simply
this. Il the United States. Great Britain,
France; Germany and some oJher coun-
tries should enter into an agreement of
that kind, they would com their silver
along with their gold. In this way they
would add largely, practically double to
their stock of metallic money and every
dollar, every franc, every mark, or what
ever the coin might be, either of gold or
silver would be made cheaper. 1t could
not possibly have any other effect. If the
restoration of silver by International
agreement should not lower the value of
gold, but leave it right where 1t is, it
would do but very little good. We would
still have the approaching money stand
ard of which we have been speaking and
the fall in prices, of which we have so
bitterly and justly complained, would go
steadily on. But they tell US that the npld
dollar is now an honest dollar" If F.ey
ternational bimetailism and thus make
the gold dollar cheaper than it is now we
necessarily. convert the gold dollar into
dishonest dollar, and so l ask again. why
do they want to disturb the gold stand
ard which they tell us is perfect and
true one, by the restoration of bimetal-
ism. which would necessarily be essential
~ different? This is only one of the in
Vulnerable cases in which our opponents
are inconsistent with themselves and at
issue with the plainest principles of COM
mon sense
WHY DO OUR OPPONENTS CLAIM TO
FAVOR INTERNATIONAL BIMET-
ALL1SCI?
If the restoration of silver by interna-
tional agreement would not have the eff
feet of king gold cheaper and thus rails
ing prices, there is only one thing which
il could do which would be in the slight
est degree beneficial: that IS to restore the
par of exchange between the two metals
so that a givenquantity of silver would
always be equal in exchange to a given
quantity Of gold But what good would
this 90? 1t would simply have the effect
of depriving the silver using countries
of the advantage which they now have
through the use OF cheaper money But
the gold men have at all times ridiculed
the idea of the silver countries having