Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1898-09-23

" He would have increased the value
OF money and diminished the value OF
everything else--money the master
everything else the servant. He was
not thinking oi the poor then. lie
had left their side" He was not
standing forth in their defense. Cheap
coats, cheap labor and dear money.
The sponsor and promoter OF these pro-
Tossing to stand guard over the welfare
Of the poor and lowly. Was there ever
more inconsistency or reckless assump-
tom
Here is what John Sherman said
April IL, 1876, when imbucd with the
spirit OF prophecy;
The utter ruin that would come to
mankind, especially to the poorer ma
tons. hv the entire demonetizatiOn OF
silver cannot he estimated by us. Take
one-haf of the solid money OF the
world out OF existence. take the sole
standard of more than two-thlrdS OF the
human race, reduce it to base metal,
and the effect upon the commerce OF the
world would be incalculable. 1t cannot
he done; it will not lie done. These
two metals have travelled side by side
since the beginning of time. The
records of human history do not go
back to time when they did not move
together
They have varied in value, some
times one and sometimes the other be-
ing higher; but they have gone on, gold
the money OF the rich, silver the money
OF the poor; the one to measure ac-
CURED wealth, the other to measure the
daily necessities of life; and, sir, no act
OF parliament, although it may disturb
! for Il moment the relations of these two
metals TO each other, nothing but the
act OF God can destroy the use OF both Of
them by mankind"
Then John G. Carlisle was honest
when, in February, 1887. he declared .
According to my view of the sub
ject the conspiracy which seems to have
been formed here and in Europe to de-
stroy by legislation and otherwise from
three. sevenths to one-half OF the me-
tallic money of the world is the most
gigantic crime Of this or any other age.
The contamination of such a scheme
would ultimately entail more misery
upon the human race than all the wars,
pcstilence and famine that have ever
occurred i'll the history OF the world.
The absolute and instantaneous destruc-
ton OF half the movable property of the
world, including horses, ships, railroads
and all other appliances for carrying on
commerce, while it would be felt more
senslbly at the moment, would not pro-
duce anything like the prolonged dis
tress and disorganizatiOn of society that
must in ;vitably result from the perma-
nent annihilation OF One-half Of the me-
tallic money OF the world.
When the foundation of our none
tary system was laid, this was what
Alexander Hamilton, the godfather
OF Rcpublicanism said, in 1871:
"To annul the use of either of the
metals as money is to abridge the guam
tity of circulating medium and is liable
to all the objections which arise from
4 comparison of the benefits of full
and the evils OF scanty circulation
Neither could the exclu-
sion of either of them be deemed in
other respects favorable to commerce"
Abraham Lincoln said contraction
Of currency after debt had been in
CURED under certain amount Of
money in circulation, before the debt
was paid, would be "the most heinous
crime a government could commit
against the people"
James a. Garfield left these words
on record: Whoever controls the
volume of money of any country is
absolute master of all its industries
and commerce."
And be it observed that this is not
partisan testimony. The Republican
party up to two years ago would have
endorsed every word that was said in
defense of silver and have considered
this evidence of unimpeachablc char
acter. But as Oily seems to be wound
up for the Queen of Spain we presume
he will say that these quotations are n
pack of lies. If he does, the record
quoted may be verified in every partic-
ular.