Richmond daily palladium. [volume] (Richmond, Ind.) 1876-1904, 1899-12-14

ara COUNTRIES me I3fEe> 81 s8Sh
nations and the. dates Of their acton
are shown by the following Tustef
States. 1Sss. 1873 and ISIS. Belgium
1873: France. 1878: Holland. 1878;
Italy. 1875. Ss~fn. ISIS. India. 1898,
Switzerland 1874; Grseee. 1875: Nene
zssela. 1882.
~ ACCORD WITH OTHER Ma
TIoNS-
Our adoption OF the gold standard
IS In ra>-fect accord with Tire move
n.ent Ia all II the lsstilnE nations Of
the world. and in perfect harmony
with the policy Of ctr government
throughout its history. 70 di~Fel all
lingering doubt from the mind IF the
public and 10 give clear expression 10
the Nations purpose relative to It's
monetary standard i the object Of the
legislation proposed by the bill under
consideration. When the standard
shall be permanently established and
all doubt Of lis stability removed. the
parity of all our money will be fully
Recognized. and the kind Of money in
which payment shall be made win
rarely. If ever. be he subject Of DIS
pute. When certainty shall take the
pace of doubt, ard the integrity OF
ON credit he rs fixed as the honor Of
tiiS -NliGe2. Tue AsttEN8A11G tSbt t31 tt
readily refunded at bower interest
rates. aud future leans negotiated
with cas- upon better terms than eve
before.
"The net gold in the treasury ON the
I'd day of October. 1899. was s254.32S.
$50 There is more gold in the Unit
ed States now than ever before. The
worlds product OF gold in 1895 was tn.
greatest in history, and exceeded the
product of 1897 by s4S.616. 500 and of
1896 by ss5.I77 500. The product of
gold from mines in the United States
in 1898 was the greatest in the history
OF the world. exceeding the product of
1897 by s. loo. 900 and of 1895 by s1l.-
375 600. The output of silver has
varied in different years. while the
product Of gold has steadily Increased
annually since 1890. Notwithstanding
the fluctuations in the product of sill
yer Its value per ounce has had n uni
form tendency downward. declining to
SO cents per ounce in 1898. its lowest
register.
If under all these conditions the
United States shall clearly by Law
adopt the gold standard. n will expar
enee even less friction than resulted
from the resumption of specie pay
mcnt. The government Is most for
tunate in being able to act In such al
important matter under such favor
able circumstances.
MAINTENANCE OF STANDARD.
But the gold standard Is not TO b
adopted by a mere definition of tn
unit of value. Its full. complete an
harmonious operation must be provii
ed for, The definition of the unit %
value should be followed by a pro
xi-IAn e.. ~. f-it - r.,1.
ment obligations in the standard. Tn
recognition Of the standard Is reflected
in the method pursued by the govern
ment in the payment of its obligations
National honor and nationa
credit are closely allied. In the dis
charge of its debts the government has
always followed the practice of max
Ing payment in money equivalent to
the best money known at the time
Gold has been the money received by
the government when our credit has
been pledged and the discharge Of
such debts in money of less value
would be Reputation.
"There is now no specific law au
thoriZing any particular sun tn be
held as a reserve to meet the redemp
ton of the g~reenhacks unless ii is con
tanned in the provision Of the law re
lating TO the issue Of gold c~prttie@f g
directing that no more gold certificas 20
shall he iSSned w~benevar the gold in
sssstssss 1s--~fae shouIa-h--f~rrTze-i and
based nnen a specific statute. no
serve frnd Of o~nA-fourfh Of such rata
o~utstandir% is deemed srficfa.t 70
quad a~~si@st INV srrdaan demand n,
holders for the rndamntian If these III
FS1ne"'anv Is II thought that
srm y ~suTfc'apt IN vtp,y Of t',a
provision wherein il Is stimulated tsa.I
all H@faS and cn"tife9tnS whom 49,
deemed or exchanged shall he hold a-si
he wfta'rrwn nor dishursaf ev
ceDt in evchan~e fn~ an en~rfva1an.
moun ~ the coin in which said roe
or certificates were redeemed or ey-
changed.
"The dir~"""rt funds which wolt,a
by this se"+',n he refprred to snch III
vision Of 10 traa erlrv. together with
fhe res"~e-e amNrnts. on the s0tf
law of Sent sa,har 1900 follow:
"Co'a "et,4 and h1lIiao rnnreSartad
bv outstanding gold certificates. s1s5
sol 11e.
"Iru't"1 ctstos votes ro-~oSar.aa y.
currency certificates. SIC.
90 fnA.
"Sf'ver '~Hars r"r-n-e-ta1 nv 80.
silver certificates. sa05 1877
.Sfrv~- hv,rioo -an~ara-+oa ~ 49,.
treae1~v notes eatrr-o en
"Ca'd coin and hr7'Ifon coal r. ooa
Of tho Toftad c~.ato- MT
e'Ae coz nrcs a-a +-aas-~v 1870 fear
'enN outeta" 1'~r. 500 4ee OF
'.Tbn s~St f>--- i4~~ps e~.-n,n,.,. - -,
denasftS aaaFcataH 70 s,ao-f
sa~vr~n"tS AS tha~e OBLIGATIONS s~
r." deposits are correspondence,
eH--of
an tho ahso-ce ~ = law n-orf4t-~. [
.ratertio- - the gold roea-vp n e ~
s1hfect 10 n1"raachmnnt In ax
nnditu"ae n maof thn po-a- OK
~ 80 ~a~o~nmant vrn~owa-
rch anrrnnohrnaot snnraS n~nhah,n .
not ha a'la r. moot t+s so-asa
~ the -o7 -n+ion of tho Fou7aa
hos foi1oFvaa This c.+-atfo~ :
aSnonetl'a ~ ffn eo-oaHel .enara~e
hahn nv saua~a+ in~ no -osa-ve f-@4t
-an tho gn1er-p1 --fd a-5 p-ohfhf+
10 IFS use axrept for re5omntioo -
'n;ted States notes and t,aa s1rrz
the danger n which II has heot
, greatly Srthfncted will be removed
hese deHa0a notes ara hei1g r.
in gold now and always hav.
and no additional burden Is i'm
ssed unDn the anuarnnlonr
CONCLUDED tomorrow
81 49,