The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1898-12-02
THE WORDS OF SHERMAN.
% emon q tisstton OF shser """'e
bring utter Ruin 10 the POOR
Nations.

In the following quotation from
speech OF Hon. John Sherman in the
senate. April TO- 1876. two kinds OF
prophecy are mingled; one as TO the
disaster that would follow the insttu-
tion Of the gold standard. which has
been verified: and the other as TO the |
impossibility of the worlds pursuing
with open eyes so suicidal policy
which. unhappily, is daily falsihed'
Speaking Of the demonstration OF sill
yer he said:
ut 1t once begot struggle Tor the
possession Of gold between all the great
nations OF the world, because every
body could see that II you demonetize
81. Zoo. 100000 OF silver coin and make
81. sos. o00O 600 OF gold coin the sole
standard Of the transactions OF the
world il would enormously add 10 the
value Of gold Therefore what we have
observed rece ntly is notso much fall OF
silver as rise of gold. the inevitable e.
feet of a fear of demonetizing the whole
mass of this silver. To adopt the gold
standard alone and demonetize silver
would be to deprive the poor people OF
the world of the money which alone
measures the value of their production
md their labor. Gold alone Is net
suitable for "A currency because II VIII
not measure the daily wants OF the
great mass of mankind. The utter ruin
that would come TO mankind. especially
10 the poorer nations, by the entire de-
monetization of silver cannot be esti-
mated by us. Take one-half OF the
solid money OF the world out OF exist
ence take the sole standard OF more
than two-thirds of the human race. re-
duce it TO base metal. and the erect
upon the commerce of the world wouic
be incalculable 1t cannot be done; II
will not be done. There Is no danger OF
Il. These two metals, gold and silver
have travelled side by side from the be
ginning OF time; the records OF human
history do not 20 back beyondit ii. The,
have varied, sometimes one and some
times the other higher. but they hay
gone on. gold the money OF the rach
silver the money of the poor, the on
10 measure the daily necessities OF life
the other to measure acquired wealth
and. no act of parliament. although
NAV disturb for moment the relatio
OF these two metals to each other, no'f
ing but an act of God can destroy tn
/ use of both these metals among the M
, tions Of ma nkind." The following wa
= Hon. John G. Carlisle's opinion to
a similar effect, as uttered by him in
4 speech in the house of Representative
e on February 81, ISIS: According
: nv view of the subject, the conspirae
which seems to have been formed he
a and IN Europe to destroy. by legislatic
n and otherwise, from three-sevenths
: one-half the metallic money OF u
world. is the most gigantic crime OF IN
/ or any other age. The consummau'
le of such scheme would ultimately e
tail more misery upon the human ra
IN than all the wars. pestilence and fami
re- that ever occurred in the history OF I
So world. The absolute and instant
lie neous destruction OF half the movai
property of the world, including hors
g. ships. railroads and all other appliane
IS. for carrying on commerce. while
or would be felt more sensibly at the II
ment, would not produce anything Ii
o. the prolong ed distress and disorgani.
- ton OF society that must inevitably
H. suit from the permanent annihilati
Of one-half Of the metallic money of