The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1899-10-27
THE SILVER ISSUE.
Gov. stones strong Position - He
Iieves In the QuaEtitiSe The
DRY Of Money.

man. he SAYS MS sal clearly, STRUNG
ly and forcibly. Read What he says
on the silver issue i'm recent speech:
"Silver is no fetish with me; neither
is gold. neither is sixteen TO one. Sill |
yer and gold are simply instrumental
ties for the use OF mankind, and six /
teen to one expresses only ratio OF
value. | believe in a quantitiye theory |
of money. ! believe that the value OF
property and labor are directly affect !
ed by the quantity of money III gen
eral use. When money is abundant and
seeking investment in the legitimate
industries Of the country. the values
of property increase and labor finds
reader employment at remuneratiye
wages. On the contrary, when money
is scarce and difficult to obtain. the
values of property fall and the laborer
finds employment more difficult and
wages lower. ! believe that only those
who have fixed incomes and capital
lists are benefited by an inadequate sup
ply OF money. and that all others are
iniuriously affected. What / want and
all | want is money enough TO easily
supply the monetary needs of the coun-
try and the world. If | believed that
gold alone would yield that supply !
would care nothing for silver. If ]
believed that silver alone would yield
that supply / would care nothing for
gold. 1t is because | do not believe
that either metal unaded by the other,
can supply volume of money suti-
cient TO meet the legitimate require
ments of business that / advocate the
imperial use of both metals for mon
etary purposes.
IF both metals are coined impartial
" into primary money they must be
coined at some given ratio prescribed
by law. | favor sixteen TO one as that
ratio. / know that at this time. and
under existing conditions. sixteen 70
one is not the commercial ratio of value
between the two metals. / know that
an ounce of gold is CONNIE REALLY worth
twice 10 ounces of silver. Because that
Is true our opponents say that sill
yer dollar coined on our theory at the
ratio of sixteen 10 one would be worth
only so cents and would have but one
/ half the purchasing power OF the gold
dollar. They say that the cheaper
money would drive the dearer money
out of circulation and out of the coun-
try and that we would soon find our
selves on silver basis. In consequence
Of this they say that enormous vest
ed interests at home would be des-
peratelv embarrassed and our indus
tries Frustrated, and that our foreign
exchange would rise and fluctuate 50
violently as TO make commerce with
foreign nations both difficult and I'M
profitable. / do not believe these ap-
prehensions are well founded. They
are all predicated on the idea Of diff
ference in the value Of the different dol
lars. If the party. so called. of the dol
lars should be maintaiucd-by which
mean if they should be kept of equal
value--then the dangers our opponents
apprehcnd would practically disappear
If the silver dollar should be as valu-
able as the gold dollar: il the debt pay
ing and purchasing power of the two
should be equal. they would be inter
changeable. and there would be nc
more reason for boarding the one thar
the other. and no more reason Tor IN,
flight of one to foreign countries than
Of the other. Republican Statesmen
and republicans generally-indeed
everybody except those who are actu
ated by selfish consideration ADM
that bimetallism would he better FOL
the country. would be boon TO th'
country and to mankind rs whole. J
i, were only possible.
"But they say our policy is impracu
cable for the reason that the dolari
would part company and that all thu
evils they apprehend would follow a
consequence. Now, democrats an,
Limetallists believe as much in thu
parity OF the dollar as the most ram
pant gold monometallist alive. If w
, should secure the control of the gov
eminent, il is 10 be presumed an'
should be presumed, that our states
. men. actuated by honorable and pa
triotic motives. would proceed in sucl
; a way as TO protect the interests of on
own people and country. The part.
Of the dollar would he preserved.
( But they say the parity cannot b
preserved IL the metals are coined with
, out restriction al the ratio Of 10 TO
a That is problematical; that is a mat
, ter OF opinion upon which capable an
prudent men are not agreed. We di
!, maintain the parity at that ratio. q
(: substantially that ratio. for so years
! know conditions have changed sine
I then. ! know that Fran e. German
!. and other nati)ns. following us. ms "
I follow Englarl, have gene TO gol
= basis since thcr; and ! know that ~
worlds production Of the preciou
q metals has greatly increased since thcr
r But | know also that the population {
: this country and the world has grca
= III increased since then: az know ais
n that the business Of this country an
: Tie world has increased since thei
: The need cf m increasing volume Z
! money has kept pace with the incrca.
i of population and business. and OF
!. ability to act independently is rcli