The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1898-02-10
MONETARY MATTERS.

Wall street is highly pleased with the
President; but patriotism does not dwell
in Wall street. There is the abode Of
mammon and right and justice are not
dwelers, for these would interfere With
the pursuit Of grasping greed that holds
sway there.
This condition is not alone confined to
Wall street, for there is much of it else
where in our fair land, and hence it is
that justice does not prevail. Mammon
is much worshipped, and too many
crook the pregnant hinges Of the
knee that thrift may follow fawning."
And then this god mammon has no
regard for others, rights. The worship
pers at that shrine are wholly given over
to their own business, largely stock
speculating and gambling in futures.
These speculators take all shapes and
claim also monopoly of wisdom to
shape the finances of the country with a
view to their own good. What care they
If they strangle trade and paralyze com
merce and cause suffering among the
people.
These men want the single gold stan
dard; but such is no standard, having
no co. ordinate medium with which to
cooperate and alternate, and so cheek
fuctuation; it therefore becomes immeas.
surable and arbitrary in the holders
hands which are com paratively few.
When these control things through the
executive their power over money mat
ters is very great, as they are not under
proper control. Hence that money
monopoly under which the American
people have been suffering.
The money interest is really but a
small part of the values Of the country,
usually rated about one to thirty. Why
then, should this one-thirtieth occupy
the attention Of the government and re-.
ceive such special protection and legis-
lation to the injury of all others? Must
our government be continually used to
feed graspiDg cupidity, making the "rich
richer and the poor poorer2" The gen.
eral welfare should be the param cunt
purpose, and the duty OF our govern
ment should be to see to it, so that hon.
est labor might obtain comfortable 1--we
lihood. To secure this schemers must
be thwarted, and deprived of their
power ever the currency. Our safety is
in stability afforded by the precious
metals, gold and silver, with freedom OF
coinage. This is the only safe basis for
trade and business and the people gen.
orally. This is the way of salvation and
prosperity.
These gold statesmen are prone to
prophecy evil results if silver isrestored
to free coinage. But no evil results
come from paying out silver in. France
And, when the bill was under discussion
to require the purchase and coinage Of
silver they foretold that our gold would
fly away and disaster would follow, but
instead gold flowed hither; 30 that in.
creasing silver did not work evil as they
said it would. At the time of recoinage
in England, history gives this ex
perience there:
"The high price of gold was not the
evil which afflicted the state but mere
| ly symptom of that evil, and fall in
the price Of gold would inevitably follow
and could by no human power and in.
genuity be made to precede the recoin.
age of silver. Till the milled silver was
in circulation the guinea continued in
spite of law to pass for 30 shillings,
When the milled silver became plentiful,
the guinea fell to 2l shillings and
pence"
They claim that with silver coined free
it would displace gold and give us sill
yer standard, but that with nothing but
bank paper in circulation we could have
gold standard, though without a gold
currency. Does not all this show their
lack of argument. The truth is the gold
standard does not exist by law, but by
unwarranted construction and con
trary to the fundamental law of the
land. They boast we have the best cur
rency in the world, yet they want to re
form it, make it more elastic, easier Of
course to rob the people. 1t seems tt
be trickery and treachery and false pre-
tense throughout.
They were not honest in their claim t.
favor international bimetallism, anC
though still pretending to favor, it is al
sham. When the commission was il
Europe with fair show for arrange
ment, they got up fire on their rear b!
denouncing bimetallism at home anS
other movements in favor of gold. The!
want to retire all government paper ano
give to national banks the entire con
troll OF the circulation, but still leaning
upon the government for redemption
and security so that the people would
not bother the banks themselves to re
deem their paper promises to pay. VIII.
not have the government issue the en-
tire paper money required, and so put
stop to these bank botherations?
The Teller resolution is noble decla
ration that the bonds of the UniteC
States are payable in gold or silver a
the option of the government. 1t is
notice to the gold power that the senat
is not their docile creature, although
they may claim the executive and tn
house. 1t means that no scheme to re
tire the greenbacks and enthrone tn
national banks can succeed.
"The resolution also served to smok
out number of Democratic senator
xybo boya hoan Airtino with tba nonna,