The Denison review. [volume] (Denison, Iowa) 1867-current, 1899-02-21


earl g house certificates as means
Of Ieliev n, local stringency. while
eastern cities sent sixty millions west
and forty millions south. and the ma
tional banks of the United States in
creased their circulation in the aggre-
tmrty-tive millions. No one claims
this to have been the effect of patrio.
tism. 1t was simply matter of self
preservation, and illustrates the fact
that if the business and commercial in
situations of this country can be afford.
ed the opportunity they will protect
against widespread disaster and ruin.
The suggestion of danger from this
source is gratitutious. 1t emanates
from those who would appeal to popu-
lar prejudice to defeat any measure
looking to Il stable gold standard cur
rency.
But we may not secure for the pres
ent any legislation expressly supplying
the important feature of elasticity.
The necessity therefor, however, must
not be lost sight of and discussion must
be continued.
The encouragement, the invitation
even, to Il full and continued discussion
of the question is among the important
features of the presidents address.
1 When adequate provision for an ex-
pansive gold standard currency shall
have been made financial panies under
our flag will forever cease.
i The Nindication of Time.
Those who three years ago supported
the gold standard were denounced both
in public and private as enemies of the
commonweal, as sharks, as uupatriotic
and as unAmerican Present condi-
lions furnish the best vindlcatlon of the
policy for which they contended, and
which they now help to sustain. The
present advocates OF some progressive
modification of our currency system
have the right to insist that the pre-
sumption OF good intention shall be in
dulged, while those who disagree with
the ut!erances quoted by President Nc
hlnley. and who think it is enough to
say simply that they are in favor of
| sound money! ought certainly to give
respectful audience to the issue for
which he spoke so eloquently. Let de-
nunclatlon. the cheapest method of
meeting arguments which cannot be
answered, be relied upon only by the adj
vocates OF fiat money and bimetallism.
We must content, ourselves, however,
to make haste slowly, but we must not
DE content without making some pro-
gress. Positive statutory requirements
for the maintenance of the gold stand
ard should be insisted upon, and when
1T is secured those representatives and
senators who shall be responsible there
fur should be sustained by every bust
ness man. by every employer of capital.
by every producer, and by every wage
earntr who appreciates constant en-
ployment and adequate compensation
without regard 10 party affiliations.
Questions occasionally arise so intinl-
ately connected with the interests of
) every hearthstone that personal con-
siderations, the emoluments of office,
as we'll as the success or failure of all
MINOR issues, must be lost sight of by
every true American. Let no one de-
mand higher standard for his repre-
sentative than he is willing to adopt.
Let him expect no greater sacrifices on
the part of public servant than he is
willing annually to manifest In the ex-
ercise OF The highest prerogative OF
: citizenship. He who would dlscredit
! the standard of craftsmanship as ex-
: hibited at Washington should first OF
all show himself a statesman at the
: polls.