, 1898-10-03
FRANK Y. nONDELLS
ABLE ADDRESS.
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tons of local mining Interests, but the
incontrovertible facts of current his
tory. and the irresistible logic of events
have wrought a considerable modihca-
4ion of our opinions. The great com
moner Gladstone occe said land that
magnsncent statesman. by the way, was
accused o: aavirs chnt'-ea lds mind
more times "a ins.or an; pui,iic quee
tions than Say ~sta;sssr,Ar o. his time).
on being twitted via. Oh. iAr that no
fad radically CHANGED his views in re-
gard to a great public question: II
admit that the influences that then sur
rounded me, and the Argume nts which
were then presented, appealed strongly
to my Imagination, but the passage Of
time, with its REPUTATION of those argu-
ments, has wrought a change in. my
opinions"
An actual trial of the policy declared
by the last republican national conven-
ton has demonstrated the wisdom Of
that policy in insuring a security from.
the manifold evils of currency debase-
ment threatened by the extreme and
radical position assumed by the oppo-
sition, a position made untenable by
the fact that all the so-called arguments
made in Its defense now stand utterly
discredited by every price list In the
hand, and refuted by the clear. hard
facts of present conditions.
The dapper gentleman with his chart
and his pointer attempting to prove the
Siamese Twin junction between silver
and wheat has been rudely tostled from
the stage, and he Is o succeeded by
The young person who. admitting that
in some unfortunate and deplorable
manner the spell has been broken and
wheat has insisted on going up much
to the glee Of the farmer and to the dis
comfture OF the democratic politician,
now solemnly you they will
soon make up and travel eide by side,
which, " he has carefully studied the
question, he will know they have
done In the past for any considerable
period in the worlds history.
Whatever may have been the views
of the republicans of Wyoming on
finance, they never. at any time. be-
iieved that relative values OF commodi-
ties could be controlled by anything
except the memorable law Of supply
n demand. The difference between
the republican silver sentiment Of Wy
eoming and that OF the fellows who are
ploH ing with the silver heifer to raise
a crop of ofices consists In this: We
have desired, while broadening the me-
1allic base Is fast as it may be safely. to
keep all money on a level with the best,
while they advise dragging as much as
possible OF 1t down to a level with the
most deprecated. Whatever the future
may have in store for us-whether a
continuation OF the present status or
the adoption OF different standards, I
am thoroughly and absolutely %convinc-
ed that the only way in which the dol
lar paid him who sells his produce or
his labor, shall be kept good, Is by hav-
ing those dollars redeemed or redeem
able m something that the commercial
world will accept as an ultimate value.
The maintenance Of q sound and sta
bic currency has become incumbent
upon US at this time when, in spite OF
the protests of the late democratic an
didate for president and the democratic
leader in the house OF representatives.
our dominion and influence Is to be *
tended from the West Indies to the
Orient, and in our vastly expanded
sphere of trade we are to be brought In
direct contact and competition with the
other great powers Of the world. A
1uctuating. uncertain currency at this
time would take from US the vas trade
OF our new eastern possessions, and
leave them on our hands an empty
husk, the kernel of whose valuable
trade would go to those nations whose
stable currency would give them an
enormous advantage over US In ex-
changes.
1t ID better that the metallic base con-
sist ot me metal, II that base be wide
enough, than to have it made up Of two
or three. We have added in the last
eighteen month"; ss5. 900. 900 Of coined
gold to the national currency. We have
added slpce Mckinley took the chair,
1881. 900, 700 to our circulating medium.
AT the time Of the great crime Of 1873"
there we're @1s percapka IN c%irculation.
while today We have 314.75 per capita
IN circulation, or the greAtak number
Of dollars per capita in the history of
the-nattou, except during the infatsd
greenhack period Of The dval war. We
hvs coined moro silver IN this one
year than was coined IN eighty years
prior to 1s7s. We have . ~circuiatson
today Of over esso. 900 silver, coin
end certificates. (Appnusa)
CONDUCT OF THE WAR
Ny friends, No have been making
more history Of IN epoch4markinscha
~ 49, -o~<6s. <A.n -