The Elbert County tribune., 1900-03-01

.
| President. the Important features Of tbs
| bill under consideration II ia not Ideal
Looking to the currency. problems oi
| the whole world ALI ieKislation .!of. the
character contemplated by this bill = y
motnilism metal M unwire. .because aus under the ben.
| eficsnt working Of the bimetailic systsm
more S',a step p to Sc esentuaiiy rssraesd ss @
| This country has less 10 answer for thar
y, ose q ,hs Of tns s, %srs rs Ian
| lexlslation which protects Us and our ma.
fionnl credit. In the general scramble for
gold and the repudiation Of silver. we are
really. though unconsciousiy. fighting the
our course can only be Justified upon the
theory that We are acting In seif-defense
Upon that theory. and because nicne we
silver to It's partly with gold at the sid
ratio, and judging the wisdom Of the pro-
I mints arc now open i' 70 % gold and closed To
silver. there are TO my mind advantage,
apparent IN the provisions OF the bill
But. Mr.. President. tho enactment OF
this measure into lnw without at the
aipmanee dlp ns of the poniiion of the % Repub
can party respecting international bimcf-
allism would be an apparent abandon
party, and no language OF the support
ers OF tho bin could change or oblifernte
amendment reported by the finance COM
mittce conveyB n positive assurance 70
the world that this country sbls to heI,
With gold as It's standard. liz still ready
to meet and treat with the other leading
national agreement to open the minis OF
the world to silver as well as gold.
realize. Mr.. President. that these
who . cherish a belief IN bimetaiiism and
faith In It's nnal triumph. These are
prospcr,1"s nmr5 ,d ,,nt ea enormVusa rv1vsa IN
dustry and stimulated manufactures and
business and raised prices all over the
where we have had the added siimulds
Of an excellent protective tarin and 2
pnsc ana nafs re prospsry r.
universal. and trust may be long con-
iinued But The. experience q gene.a-
pressIon and stngnntion follow. periods
q, prosperity as ineyitably as the nigh,
Junction OF tho wiseat OF men who bade
US In the day Of prospnrity be loyrul
hpt in ,he day q ndyerslsy a,y eorsider whes
does public Interest will be again aroused
TO consider the wisdom OF a policy which
ornte and lessen the hard times which
seem the inyariabie attendant of our
we be ready for Its consideration.
The principles OF bimetnliism are irmiy
impin,n,ed ,, In me very foundintion @ o. ns tns
deciaration Of faith in the doctrine; The
1881 creating a commission for negotiation
with foreign Goyernments. stu In force
decinrations. and furnishes to the people
of the United States their only hope tor
an honest effort toward a restoration of
true there are doubt and hostility In GER
tain quarters, but the great mass Of the
provided always IL can be secured with.
out impairment OF the national credit.
Truth Is the daSSghter OF Tims, i,a and
have failed, the principle VIII secure
adoption by the Intelligent nations of the
world.
In this country bimetnllism has recclv
cd its greatest Injury and suffered It's so
verest blow at the hands of the Bryan
Popuiist party, which still demands an
irredeemable and inflated paper currency.
clamoring for free silver ~ 10 TO by the
any other settlement of the question, ad-
vocnting openly deprecated money. ridi-
ment, nssociating their demands with
snarllng protest against every policy
order and the maintenance Of the honor
Of our country and the fulnllment OF our
obligations to mankind. II Is not surpris-
OF men that mnny of them, seeing no
difference between the free silver OF Bry-
seek ana rem end nf the Whole mnter anS e,
hcsItate to deal with the subject in any
But Mr.. President. we can be honest
The failure q the Republican party to
ae for viii rns no M has
votes. The Chicago platform offers no
hope for bimeta,,i,lism ,,,,l There nre some
Bofh Both potes IN fs fScS M not 81
vote for BRYAN or Bryanism under any
trast in the nnnnciai demands of the
international bimetallism would only
Eoations estG % ''sS "nS s Pepastic "otoas ss and
Heterogeneous. Patchwork q the Democ,;,
aaIS nSw IN Our S. nsy Se
OF faifh and of principles elected Mr.. Nc
SI% and uss n wi bo
urging that It is bad politics as well as
bad morals for us to change. the line Of
When entered the Senate eleven years
serted % my belief that the United States
alone. unaided by any other nation, could
establish and maintain for the, whole
II 1t opened It's mints 70. the free coinage
OF both metals at the old ratio Of le 70 l;
and which seemed certain to follow our
been accomplished; What was true a
commercial value OF silver wns then far
greater than now. India had but Just
lily: Russia had not declared her ratio of
"a TO. i; Japan wns still upon the silver
stsndara and the annual product b, Of sSald
supply OF the .metai money was grossly
diifferent condition OF afiairs, and for one
] should shrink from entering upon the
yn Not only tho D Rostlity % OF the % vast % mayor p
ity OF the Taxpayers OF our own country
but the attitude Of the civilized govern
dia of n thousand million ounces and
more of silver. uncoined. sold from day
as TO the future Of the Orient. ali these
vexcd and unsettled problems might well
make us pause.
ther that question. but il is my Judgment
that II Mr.. Bryan were to-day President
OF the United States. and II a majority OF
they would never dare seek to impose
upon this. country the. responsibility OF
Of maintaining a partly at the old ratio
views on bimelallism and who belong 70
adoption Of the amendment. intend yoi-
ing for this bill. do not ask you to face
that possibility or to embark upon any
uncertain sea. We only ask you to de-
clare to the other leading countries OF
with them the question Of the restoration
Of bimetallism Mt some fair ratio. The
initiative will probably. and should. come
from them and not from us. but It is our
duty to leave the door open for them II
they seek an entrance, and not TO close
Il against advances which. in my opinion.
are certain to be made.
Long usage and experience have
taught us that the precious metals are
the true basis for money. And expert
ence has also taught us that the two
metals circulating concurrently tend the
one to equalize the other. to prevent the
naturally caused by an alb
normal over or under production OF
either. and TO preserve stable par of
between them.
1t has also been abundantly demon
strated that whenever there Is a con-
traction or a lessening In the volume of
money. or whenever Its supply fails to
keep pncc with the Increased needs for
IT, growing out OF new industries. a Wild
ening commerce. the development of new
and the rrnXth Of nnnulat tinn