The Southern herald., 1898-03-25

In loS-i
The American people, from ira
dition and interest. favor bimetal-
ism, and the Republican party de-
mands the use Of both gold and sll-
YER as standard money
Hon. Wm. Mckinley said in his
speech in Congress on Monday May
Z, 1890, ,Flfty-6rst Congress;
When merchandise is the cheap
est, men are the poorest, and the
most distressing experience In the
history of our eountry-aye, IN all
human hislory-have been when
everything was the lowest and
cheapest, measured by gold, for
everything then was the highest
and the dearest measured by labor,
Again he said, in speech deliv
cred in Congress Junel4, 1890;
am for the largest use Of silver
in the currency Of the country. l
would not dishonor it. | would
give il credit and honor with gold.
| would make no discrimination.
| would utilize both metals as
money and dis credit neither. ]
| want the double standard,
Ben. Harrison, in his message to
Congress ss President, on Decem'
Der, l, 1890, says:
Some months Of futher trial will
be necessary to determine the per-
manent effect Of the recent legisla
tion upon silver values, but 1t is
gratifying to know that the increas'
ed circulation secured by the act
has exerted and will continue to
exert a most beneficial influence
upon business and upon general
values 4 4 4 1t is curious TO note
that the end advance in the prices
Of articles unaffected by the tariff
act was by many hastily ascribed
10 that act. Notice was not taken
Of the fact that the general tenden-
cy ofthe markets were upward from
influences wholly apart from the
tariff Legislation. The enlargement
Of our currency by the silver bill
undoubtedly gave an upward ten.
dency TO trade and had a market eff.
feet upon prices, but this natural
and desired effect of the silver leg.
islation was by many erroneously
attributed to the tariff act.
Hon. Joseph B. Goraker, United
States Senator from Ohio, in a
at jackson in that state said:
*** five once permit this par.
| ty to he destroyed aud allow this
country to be placed on single
gold standard basis, bimetalism
will be made an impossibility.
In the debate on the Sherman
Act in the Senate June IL, 1890,
Senator William B. Allison said:
The affairs Of this world car
not be conducted upon the single
basis of gold; and the war and the
cnntest to-day is between those
who seek to destroy and outlaw
silver and those who seek to place
it upon an equality with gold
That in the contest; and | am fol
the full and complete restoration o
silver as on the coin metals of lht
world, and therefore | propose Il
do whatever | can to promote tba
most desirable sbject.
In his address to the Republican
League Of Ohio in 1892, Mr.. Nc
Kinley used these words-he wal
,peaking Of Mr.. Cleveland at tn,
time:
During all Of his years at lb,
head of the Government he wa
dishonoiing one of our preciou
metals, one Of our great products
discrediting silver aud enhancnl
the price Of gold. He endeavoreC
even before his inauguration to of
flee TO stop the coinage Of silve
dollars, and afterwards and TO tn,
end Of his Administration persist
emily used his power to that end
He was determined to contract tn,
circulating medium and demonet
ize one of the coins of commerce
limit the volume of money anon,
the people, make money scarce an,
therefore dear. He would have in
creased the value Of money and dl
minish the value Of every thing els
money the master and everything
its servant.
There are more than $25, 5,OOO, ,OO
of bonds Of the United States whicl
are now overdue and on the frs
day of February. 1904 S1OO OO0