Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1898-03-10
Another Silver Sermon.

= rec 1OIHd1e htpuDilt7tii. AhNAN
are two antagonizing elements in the
Republican party-one for bimetallism
and the other for gold monometallism.
As Thomas Reed is the acknowledged
standard bearer of the gold monomet-
allists and gave a lucid representation
OF their views in speech during the
last campaign, we will take hasty
glance at that speech. He acknOwl-
edges that we are financially in trouble
for he says. "But we are all in "A bad
way and something must be done" lie
objects to bImetallism for the United
States as he claims il would not be a
stable currency while he admits it
would be stable currency for the
whole world
Ii Mr.. Reeds reasoning is sound. then
our Declaration OF independence is
wrong. Tor it declares ''that all men are
created equal that they are endowed
by their Creator with certain inaliena-
BILE rights; that among these are lie,
4 liberty and the pursuit of happiness;
that when any form of government be-
comes obstructive to these ends. it is
the right OF the people to alter or abol-
ish it, Mr.. Reed would amend il so it
would read thus: ut is not the right Of
the people to alter or abolish it unless
it is altered or abolished throughout
the world He next states that what
we want is not more money but more
capital We believe he utters here the
rruth-what the gold monometallsts
want is more capital, more concentra-
ton OF wealth. a larger aggregation Of
| a
whole country needs is more capital
from abroad" He denies the legitimate
source of capital-yiz., labor-he de-
MES that capital is the fruit of labor,
and 1t viii soon appear that he denies
the right of labor toexist without being
employed by capital. Continuing,
"When are we the most prosperous?
1t is when the 75,OO0000 (of people,
are all at work, and when this happens
we borrow of the rest of the world
thousands ofmilions of dollars" When
capital is acquired by borrowing t.and
as Shylock will not give up his gold
without the pound of flesh, we must
bond labor for the use of capital. So
Cleveland was right in the bond-issu-
ing business, and the farther he went
the better he would have done. Now
what is to be done with this borrowed |
cap tai? Mr.. Reed says, "But there is
not capital enough to keep $4,000. 900 |
people at work. So it is to be used in |
giving employment to the laborer-
thus labor cannot exist without capital
and is bound to receive only that which |
capital is pleased to give. The laborer
can never rise above his condition as
that pound of flesh is held against him |
capital the master, labor the servant. |
Let's see what Abraham Lincoln had to |
say on this subject. 1T Ga growing dis
trust of popular institutions) is the eff
fort to place capital on an equal footing
with, il not above, labor, in the struc-
ture of government. 1t is assumed that
labor is available only i'm connection
with capital; that nobody labors unless
somebody else owning capital, some
body by the use of it induces him to la
Dor. Now there is no such relation be-
tween capital and labor as assumed.
Both these assumptions are false and
all differences from them are ground
less. Labor isprior to and independent
of capital. Capital is only the fruit of
labor and could never have existed il
labor had not first existed. Labor is
the superior of capital and deserves
much the higher consideration"
Sir Francis Bacon wrote 80 Above
all things good policy is TO be used that
the treasures and moneys of the state
be not gathered into a few hands; for
otherwise state may have great stock
and yet starve.-
Daniel Webster :-"Gold and silver
Is the money of the constitution. The
standard of value is es-
tablished and cannot be overturned"
John A. Logan IL can see as a re-
suit of this legislation (the demonetiza-
ton of silver) our business operations
and wages for labor reduced
to mere pittance.-
James &. Blaine in 1871 believe ,
that the struggle now going on in this
country and in other countries for a
single standard would. if successful.
produce widespread disaster in and
throughout the commercial world.
The destruction of silver as money and 1
the establishment of gold as the sole
unit of value must have a ruinous eff
feet ON all forms of property except !
those investments which yield fixed
return IN money. IL
Abraham Lincoln said Just before his I,
death ~ see in the near future a i
crisis approaching that unnerves me
and causes me to tremble for the safety
Of my country. As a result of the war
have been enthroned and 8
m era of corruption in high places viii
follow, and the money power of the {
country will endeavor to prolono the :
reign by working upon the prejudices
Of the people until all wealth is agore- n
gated in a few hands, and the republic .
5 destroyed
Our noble president, in a recent =
speech. neatly exposed the rottenness
ii this whole business thus :-..DurinO
III the years at the head of the govern 4
nent he (Grover Cleveland) was dis :,
one of our own precious met L
lis, one of our own great products. dis :