The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1898-03-04

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From four years of depression,
brought on by . Democratic AID.
ministration. prosperity is dawn
ing al over the country. conf
dence is restored, business is re-
wing, our exports are increas-
ling, our United States notes.
Treasury notes, silver certificates
and national bank notes are good
| in all the commercial centers of
the world as good as the gold
dollar anywhere in the world.
These are splendid and crafty.
ling results, Could we hope SO
soon for any thing better : The
only question Is how to maintain
this position and the advantages
we have gained by our victory.
Now that all these good things
have come to US and are assured
by reason of the Republican par.
ty being in control Of the Gov
ernment why should the Demo
cratic party bring forth this re-
solution and create doubt and
distrust in the business world.
The trouble is the Democratic
party has shown it can not man.
age our finances, and, strange as
1t may seem. endeavors to en-
barrass the Republican party in
restoring prosperity. providing
sound money, and protecting the
public credit.
Mr.. President, / am not dis.
couraged about the money ques.
tion. ] see a silver lining in the
golden cloud, so hated and fear
ed by the Democratic party,
some hope that the silver ques-
ton will be settled, not by legis
lation, but by causes and forces
stronger and more powerful than
Legislation. Creating a demand
for commodity increases Its
production sLastyear the worlds
production of gold reached $780,
GOO, 600; this was 20 per cent
more than. in 1895. According
to the best estimates, the pro.
dnction Of gold will reach $500,
900, 600 this year, and there is
every reason 70 believe that. ow-
ing to the stimulus created by
the demand of the leading ma.
lions Of the world wanting gold
for money, this increase will
continue.
Assuming that the production
of gold for the next ten years
will average three hundred mill
ions Of dollars per annum. this
would add three thousand mill
ion dollars to the present stock
of gold in the world. If only half
of this vast sum should be coined
into money. silver, will not be
longer wanted for money beyond
subsidiary COINS, for gold will
then be abundant and sufficient
for all money purposes. 1t is
even possible that gold will de-
cline if this increased production
is kept up, and the question may
arise what will be done with gold,
owing to its abundance, as it is
now with silver. We should not
unduly try to force by legislation
what laws higher and stronger
than legislation are bringing
about. Gold is quietly, slowly,
but surely, making its way by
reason of its increased produc'
ton ard value as a money metal
to popular favor not only IN the
United States but throughout the
world.
i firmly believe and venture
the prophecy that within five
years the gold standard will not
be seriously questioned, and the
world will accept gold as the
measure of value and the best
money. This will not preclude
our using what silver we have
now, and more if we should find
it convenient and necessary. By
1907, the date at-which part of
our bonds will mature, I believe
that the author of this resolution,
the distinguished Senator from
Colorado (Mr. Teller), will be
u,illinp to vote to nav all the