The San Francisco call., 1899-06-22
THE GOLD STANDARD.

TEE statutes q large tx the INIT OF yelue as
gold dollar twenty-five and eIght-tenths grains
Il weight. goo fine IN effect thIs hxes the
standard q value and makes II gold IN the tumble
O. financial legislation however, there conrEadlc-
tious. cross purposes and confusion enough 70 hang
every possible wildcat financial theory upon and
lezve room Tor more.
Since 1872 our hscz, legislation has been com
pound complex. cor-n-iluted fracture OF the right
principles q scientific finance. Il distorted sys
ten Of slow growth L tlas curvature OF the spine,
club feet Wy neck. squn. eyes, anchylosed joints,
and Is Z l.oastrosity.
When grea- : upon country thst calls lor
the military service of percepabe percentage Of the
poDuation and the sorros of defeat and exultatio1
o. victory mourning Tor the slain and revenge toward
The slsyers are among the daily experiences and the
hours are crowded by potent passion. children born
and sucked II such atmosphere have decided
neurotic tendency and generations OF peace are re
CURED 70 ezce the physical consequences Of such
war
The jangied nerves that issued from our Civil War
are recorded ii our many insane asylums and wit
messed By the thousands OF idiots and cretns al over
The country. Our financial system was born in that
same environment Of war. Unfortunately II could
not be sent 70 school ior the ieebe-rinded bit had
70 20 n Congress 70 be reared The establishment o.
L
the coinage act q 1873 and the dscontinuance Of the
coinage Of the silver dollar the only steps in
the right direction that have been taken since the
pension oi specie payments in 1852
This wa--born system has descended 70 IS with al
rs distortions and defor1nes upon it. and is substi-
ruton by scientific and we-tried system has been
the count-ys crying need Tor years Both political
parties have walked up to the problem. only 70 shy
from It and begin talking about something else Now
however, there seems 70 be chance % have some
thing done. What IS proposed is BY no means com
prehcnsive Il IS not proposed 70 take the crooked
system and straighten i from It's strabisUus ts
tzDes vagls from It's eyes tc rs teet but begin
and build cure on the standard Of value Therefore
the coming Congress which has already put the mat
ter in shape By the work OF he caucus committee.
proposes 70 ntrench the gold standard and 70 con
clude the issue 70 what kind oi money shall pay
the Government Obligations
To the harried business man. who for lack q ade-
quate banks and the absence oi facilities tor putting
the loan fund within cheap and easy reach Of all who
need 10 use i Is handicapped this may not seem
much But 70 the student o: financial architecture t
Is the analogue Of foundation :o- complete super
structure Upon i may be built banking system
with more safeguards than now but with Aexbility
which VIII readily adjust It 70 the needs Of every part
0: the country
Readily following this viii come the reduction Of
ctr many kinds Of paper currency. some oi il re
deeH7abe in other of i different kinds telescoping
into each other. ali 70 one form. that will know It's
redee-ner and have but one. With our polycurrency
and rnultiredemption reform the final stroke will be
given 70 financial legislation but the beginning Of it
al Is the definition Of the standard