Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1898-02-26

HFafHM tnE hrNuHiilhh party To-Day
stands g.oeo GOO voters who have
decided against the opcniug OF the
miugs and the further coinage Of sill
vef "a fAe rstio Of f6 % q. What has
beer the fesuis following this victory?
From @ur years Of depression,
hfouEht ou ~ Democratic Admin
istiatian, prosperity Is dawning all
over the country. confidence is re
stored business Is reviving. our ex-
ports are increasing our United
states notes Treasury notes, silver
certificates and national bank notes
are coed IN al the commercial centers
Of the world-as good as the gold
dollar anywhere 10 the world These
are splendid and gratifying results.
Could We hope so soon Tor anything
better The only question is how to
maintain this position and the adj
vautages we have gained by our vic
tory
Now that all these good things
have come to us and are assured by
reason of the Republican party being
in control Of the Government, why
should the Democratic party bring
forth this resolution and create doubt
and distrust in the business world.
Tae trouble is the Democratic party
has shown it can not manage our
finances, and, strange as it may seem,
endeavors to embarrass the Republi-
can party in restoring prosperity,
providing sound money, and protect
ing the public credit.
Mr.. President, am not discouraged
about the money question. l see a
silver lining in the golden cloud, SO
hated and feared by the Democratic
party, some hope that the silver ques-
ton will be settled, not by legisla-
ton, but by causes and forces strong.
er and more powerful than legislation.
Creating a demand for a commodity
increases its production. Last year
the worlds production of gold reached
$24o, 600, 600; this was 20 per cent
more than in 1896. According to the
best estimates, the production of gold
will reach $500, 600, 900 this year,
and there is every reason to believe
that, owing to the stimulus created
by the demand of the leading nations
OF the world wanting gold for money,
this increase will continue.
Assuming that the production Of
gold for the next ten years will aver
age three hundred millions of dollars
per annum. this would add three thou
sand million 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 production and
value as a money metal to popular
favor not only in the United States
but throughout the world.
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 aud the
best money. This will not preclude
our using what silver we have now,
and more if we should find it con.
venient and necessary. By 1907, the
date at which part of our bonds will
mature, ! believe that the author OF
this resolution, the distinguished
Senator from Colorado Mr.. Teller,
will be willing to vote to pay all the
outstanding bonds of the United
States in gold. 1t is admitted on all
sides that gold is the best money in
the world.
Nearly all the civilized nations OF
the world have adopted it as the stan
dard of value and as the best metal
for money. Why should not Ameri-
cans have the best money in the
world for all OF its people, for the
Dondholder. for the merchant for the