The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-08-07


tree If Mr. Bryan succeeds, then get
an ounce of gold, go into the market
! and buy 32 ounces of silver, go to the
mint and get two ounces of gold in coin,
| take the two ounces Of gold into the
market and buy Ga ounces of silver go
to the mint and get four ounces Of gold,
| then to the market again for 1928 ounces
! of silver, etc. One can become a mil
| lionaire depending only upon his leg
power between the market and mint.
! OF course as a matter Of fact, the sill
| yer bullion and mine owners would bar
out the middleman, and, en- masse, start
for the mint bent upon themselves ac-
! curing the whole profit.
The United States government would
! take the silver of all corners and on
| each half dollars worth would virtual
| ly say as follows: "The metal in this
| coin is worth, in the market, so cents,
| but I. U. S., by my fiat, declare 1t to be
worth $1.00 in gold, and I promise to
pay $1.O0 in gold for it, and pledge my
| credit for the other 80 cents not repre-
scented in the metal Of this coin"
When the silver from the world over
had all been brought in, the United
States would have assumed several bill
lion dollars worth of Indebtedness, or
an Indebtedness equal to the CONNER
cal value of the worlds supply of sill
YER There are provincial and country
bankers mean enough to intimate that
the United States could not stand the
strain; that it would bankrupt the
country, slump it down to so per cent,
1n1No az hot lY
would be done for the worlds silver
miners. The United States could then
take up a great philanthropy for the
wheat producers of Argentine and Rus
STA, and so on around for everybody ev
erywhere at the expense of domestic
credit and solvency. The United States
is a great country and can work Won
ders if it can't subdue a bow and arrow
using mob of savages.
The next presidential campaign is IL
able to be battle of the standards, and
each freeman is liable to be called upon
to decide between them. The practical
question is, how shall such freeman.
with little if any time to devote to the
study of political economy, nevertheless
get right on the issue involved.
surface ripples on great waves of intel
lectualism from without, and while men
are planning with proximate ends in
view, nature is using mans immediate
thoughts and purposes for more ulti-
mate results-it may be for fortifying
existing economic institutions or de-
stroying them for greater good or lesser
evil-if now men had to understand it
all before acting, the world would be at
a standstill.
The conceited man, the man who rea-
sons through his pocket and is intellec-
tually dishonest, the man who assumes
that nature had last say in all drec-
lions when he was young and receptive,
and who therefore feels at liberty to
crystalize at forty and fossilize at six
ty, can get but little from nature: but
to him who is humble, and has become
as a little child, and who recognizes the
great Teacher and his own lifelong
pulpitshp, nature whispers her secrets
without stint.
A man who assumes this attitude to-
ward nature, who reads the papers and
comes at an issue perfectly unbiased
and with the sole purpose of getting at
the right and the true may get right on
the ordinary political issues almost by
instinct, without argument or conscious
study, certainly without making d spe-
cialty of the science involved. How?
AS follows: Presidential campaigns are
educational; note which side is es-
poused by the substantial and influen-
tial newspapers and magazines; note
where professors of political economy
are found and monetary specialists-the
bankers; note where profe ssional men
as a class align up; note whether the
mere agitation of the subject suspends
business more than usual and precipi-
tates an incipient panic, for the purpose
of getting at the real belief of the bro
kers, capitalists and business world;
note which side uses argument and log
ic and which resorts to abuse of Eng
land, etc.
Note that, in the battle of the stand
ards in the world at large, nature has
spoken and declared not for diamonds
or lead, but for gold. The world as a
whole is on gold basis, and that basis
is the honest, well-known and trusted
pound sterling of free trade England; |
note that the United States can't
change the basis by statute which de-
clares that two Is equal to one, and note
that silver countries with export trade
have to conform to and adjust even do |
nestle exchanges by the worlds gold |
Note that no court or nation has au
thority to establish standard of value |
for the world, and that nature and the |
Of men alone has done it |
and alone is to blame.
To all this apply Horse Sense,
which is homespun for genus-the gem
ius of common sense-and the freeman |
can't go wrong.
To be continued
GEO, M. WALLACE.