The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1899-11-17
THE GOLD STANDARD.
Proposition VIII Come Before COM
cress 20 Enact n i'm Inmfs-
taxable Terms.

7, now seems fairly certain that the
republicans viii. at the approaching
session Of congress. propose and pass
a bill enacting the gold standard, IN
unrnistakable terms. Such action is
eminently proper. In the election OF
1896. the American people voted in
favor OF this policy. and the pledges OF
the successful party should be kept.
II would appear that the sound
money people 10 not. even vet, feel
strong enough 10 adopt the Enghsh
system which would require the de-
monetization OF the silver dollar for all
uavmeuts in excess Of ten dollars 10
doubt. the final step viii be taken, In
the immediate future.
II i evident that the proposal TO en-
trust TIE emission Of the country's
MINER currency 10 the banks has died
4 natural death. Now that an unlimited
Issue az gold certificates is authorized
il is hardly probable that the most I'M
portant function Of government Will be
entrusted 10 private hands. This i
well. for X is tolerably clear that the
Great fnanciers already possess sum
cent mower. and that they would pos
ssss a good deal too much IL armed
with authority TO expand or contract
the circulating medium at will.
II is understood that the bill now
under consideration viii declare that
the obligations Of the government are
(, specifically PAYABLE in gold coin. OF the
present standard OF weight and hne-
ness. Now such a declaration would
be retroactive in its nature. and would
coutravene the present policy OF pay
mer. al creditors option. Within the
last few weeks the treasury has been
besiered by the bankers. with requests
:. that silver dollars be given in exchange
! for gold coin. 1t is thus quite possible
: that silver coin NAV soon command
: premium over gold. Would il not be
! a great hardship If the public creditor
: should demand payment in silver and
be refused? When the Irish immigrant
I was asked about his politics, he re-
! piled: I'm aCin the government, who
a ever he IS" The "sound money" man
:, Is similarly constituted and is "agin'
y the more plentiful metal, no matter
= whether il happen TO be silver or gold
:. II would be simply awful 10 deprive
" the bordholder and the noteholder OF
their undoubted right TO payment II
~ the -cartwheels" which have hitherto
- been dexpised in the purlieus OF Wal
\ street. but which are beginning TO b'
viewed with the profound respect thai
Is an attribute OF the scarce things o
this earth.
- With the civilized world firmly an
AZ chored TO the gold standard. the m
20 lions will enter upon a novel and vita
W experiment. Even now. there is fear
- ful scramble for gold at all the finan
l'e cial ccntcrs. although the full effect
'o- the new demands on the siandar
nis metal has not begun TO be felt. lis
Us marck said. IN his pithy way, that tn
le- attempt TO make the gold standar
srs universal reminded him Of the attemT
&c of two men TO sleep under blanke
m big enough FOR only one: there woul
NJ be a continual struggle. and both wer
nal sure TO be cold. Nevertheless. II
The quite certain that the doctrinaires al
de- N possession Of the field. and will r.
Eec tain il. until bitter experience sha
by have impelied the masses TO throw 2
ita- the woke. President Grant wei SAID
Il know no method TO secure the r
de- real Of bad or obnoxious laws so efe
ate tual rs their strict construction. -.
Of q. Timcs-Dcmocrat-