The Elk Mountain pilot., 1900-04-17

by this means 1t is believed the eNchanse
will be greatly facilitated and hastened.
Under these Favorable terms it is estl-
mated that within the next few months
bank circulation viii follow the passage
of the bill. There is no department OF
States and In the rest of the world as
well. that is not suffering because of an
wed sat S Sf m9ne bY dq
enlargement of the currency. Under our
existing gold stanuard there seems iiH,n to De De
this greatly needed increase than the one
to all national bank circulation, botn
present and prospectiyeLan objection
or later accentuate and make more ap-
parent. The money of the world in use
side their borders. and having the same
standard, must necessarily be fairly dis
dwell more at length upon this undoubt-
ed fact. We can not keen more than
our distributive proportion of money,
and any enlargement of our, paper circu-
lation must necessarily lead to the loss
of some of our gold. The paper will of
course, remain here, but when the kitng
times which will follow large increase
in our paper SHAH have ended. as they
surely. a proportionate share of the gold
in the country must go abroad. TWO
papar mSns of tbe m os
that account. of 800, 100000 of gold. We
need more money. but the increase
/ have thus summarized briefly Mr.,
President, the important features of the
biil under consideration 1t is not IDEAL
Looking to the currency, problems of
the whole world. all Legislation of the
character contemplated by this bill Is to
those who believe in the principles of BIZ
eficent working of the bimetalic system
1t would be unnecessary. II is but one
Ths connry t tS has 9f less ssTa % answer for than
any other of the great commercial coun-
tries of the world for We were the last
TO abandon silver, and IT may be that by
legislation which protects us and our ma
tional credit, in the general scramble for
gold and the reputation of silver we are
really. though unconsciously, fighting the
battle OF international bimetallism but
our course can only be justified upon the
theory that we are acting in self-defense.
Upon that theory, and because alone we
seem at this time p9Weres,ss less to rest0re oTs
ratio and Judging the wisdom OF the pro-
pose0 legislation upon the basis that our
silver. there are to my mind advantages
apparent in the provisions of the bill
But Mr.. President, the enactment of
this measure into law without at the
affirmance of the position of the Republic
can party respecting international bimet-
allism would be an apparent abandon
party, and ma language of the support
ers of the bill could change or obliterate
this inevitable conclusion: and the
amendment reported by the finance COM
mittee conveys a positive assurance to
its own among the nations of the earth,
with gold as its standard. is still ready
to meet and treat with the other leading
commercial countries looking to an inter:
national agreement to open the mints of
the world to silver as well as gold
who cherish a BELIEF in bimetailism and
prosperous times. The enormous in
crease in the gold output has revived in
dustry and stimulated manufactures and
business aad raised prices al over the
world, and especially in this country,
where we have had the added :, stimulus
wise and conservative administration Of
public affairs, The prosperity is real, is
tinued. But the experience of genera
tions have taught us that. cycles Of de
OF prosperity as Inevitably as the night
follows the day. We observe the in
junction of the wisest of men who bade
us In the day of prosperity be joyful:
hut in the day of adversity consider.
does, public interest will be again aroused
to consider the wisdom of a policy which
crate and lessen the hard times which
seem the invariable attendant of our
commercial life, and it is important that
The principles of bimetallism are firmly
implanted in the very foundation of the
of "A century. with every recurring ma
tional convention. we have renewed S., our
amendment. together with the law Of
1897 creating a commission for negotiation
with foreign governments. sun IN force.
declarations, and furnishes to the people
of the United States their only hope for
honest effort toward a restoration of
"A parity between gold and silver. 1t is
true there are doubt and hostility in Ger
tain quarters, but the great mass of the
voters of the country are bimetnllists,
provided always 1t can be secured with
out Impairment of the national credit.
Truth is the daughter of Time" and
soner or later when other experiment
have failed the principle VII secur, .
world. world y '' '''> -
In this country bimetallism has receiv-
ed its greatest injury and suffered its So
verest blow at the hands of the Bryan
DEMOCRACY. In close alliance with the
Populist party, which still demands an
irredeemable and inflated paper currency.
clamoring for free silver at 16 to by the
any other settlement of the fie question adj
vocating openly deprecated money, ridi-
culing all idea of international agree
snarling protest against every policy
which seeks the enforcement of law and
order and the maintenance Of the honor
of our country and the fulfillment of our
obligations to mankind, 1t is not surpris-
of men that many of them. seeing no
difference between the free silver of Bry-
an and real bimetallism. are inclined to
seek an end OF the whole matter and
hesitate to deal with the subject in any
form.
But. Mr.. President we can be honest
and win.
The failure of the Republican party to
stand up for the principles it has always
advocated will bring ii no additional
votes. The Chicago platform offers no
hope for bimetallism. There are some
gold monometallists in the country of
both political parties. They Will not
vote for Bryan or Bryanism under any
circumstances. Accentuatng the CON
trast in the financial demands of the
two parties by excluding all reference to
international bmetallism would only
serve TO throw into the shadow the ne
gotiauons and Populistic notions and
Heterogeneous patchwork of the Democ-
a platform. Our St Louis declaration
of faith and of principles elected Mr.. Nc
Kinley once. and it will triumphantly
re-elect him, and I must be pardoned for
urging that it is bad politics as well as
bad morals for us to change the line OF
battle in the face of a once-defeated en-
emy.