The Elk Mountain pilot., 1900-03-06


change of old into new bonds by levyins
where the other bonds are deposited, and
by this means it is believed the exchange
G Under these favorabe terms na it as'e IS es
mated that ato within VII hin the neXt few months
at sans least & Gf foaw aaa
of the bill. There is no department OF
human industry, to-day in the United
well. that is not suffering because of an
insufficient volume OF money, and which
enlargement of the currency. Under our
existing gold stanuard there seems to be
this greatly needed increase than the one
fayored by this bill.
to all national bank circulation both
present and prospective-an objection
aer OF 1ns make n WIN more np
by the commercial nations dealing out
standard, must necessarily be fairly dis
tributed among them. Later l hope to
our distributive proportion of money
lation must necessarily lead to the loss
OF some of our gold. The paper will. OF
times which will follow large Increase
in our paper shall have ended, as they
must must then: perhaps spasmodieally but 6n,
in the country must go abroad. Two
hundred millions of increase in nattonnl
that account, OF slc5, 600 of gold We
need more money. but the Increase
l have thus summarized briefly, Mr.
President. the important features of the
bill under consideration. 1t is not ideal
looking to The currency problems of Of
character contemplated by this bill is to
those who believe in the principles of BIZ
metallism unwise, because under the ben
pflCent working Dimetallic system
1t would be unnecessary. 1t is but one
Tbi mere o step to 5. be 1 eventually retrafed a
any other of the great commercial coun-
tries of the world for we were the last
to abandon silver, and IL may be that by
legislation which protects us and our ma
uonal credit, in the general scramble for
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 f-defense
Upon that theory, and because alone we
silver silver to its it's parity % With gold at at the old
ratio, and judging the wisdom of the pro-
poseo legislation upon the basis that our
mints are now open to gold and closed to
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
same time accompanying 1t with re
affirmance of the position of the Republic
can party respecting international birnet-
party. and no language of the support
this inevitable Conclusion: and the
amendment reported by the finance COM
mittee conveys positive assurance % ' 10
it's 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
realize, Mr.. President. that these
seem unpropiuous days Tor those OF us
faith in it's final triumph. These are
prosperous times. The enormous in
dustry and stimulated manufaetures and
business and raised prices all over the
world. and especially in this country.
of an excellent protective tariff and q
wise. and conservative administration Of
universal and trust may be long con-
tinued: But the experience of genera
preston and stagnation follow, periods
Of prosperity as inevitably as the night
junction OF the wIsest of men who bade
us In the day Of prosperity be joyful;
The reaction is sure 1T to come: when it
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
We be ready FOR its consideration.
The principles OF bimetallism are firmly
Republican party. For nearly a quarter
of a century. with every recurring ma
declaration of faith in the doctrine. The
amendment, together with the law of
with foreign governments, .still in force.
is in accord and in line with It's former
declarations. and furnishes to the people
Of the United States their only hope for
an honest effort toward a restoration of
parity between gold and silver II is
true there are doubt and hostility in Ger
tain quarters. but the great mass of the
voters of the country are bimetallists,
provided always 1T can be secured with
out impairment of the national credit:
Truth is the daughter of Time, and
have failed. the principle will secur.
adoption by the Intelligent nations of the
In this country bimetallism has receiv-
ed It's greatest injury and suffered its So
yerest blow at the hands of the Bryan
Populist party, which still demands AN
irredeemable and inflated paper currency,
United States alone to the exclusion of
any other settlement of the question. ad-
culing all idea of international agree
ment, associating their demands with u
which seeks the enforcement OF law and
order and the maintenance of the honor
of our country and the fulhllment of our
ing that they have so clouded the minds
Of men that many, of them, seeing no
difference between the free silver of Bry
an and real bimetallism. Inclined to
seek an end of the whole matter and
hesitate to deal with the subject i'll any
form.
But. Mr.. President. We can be honest
and win.
The failure of the Republican party to
stand up for the principles 1t has always
advocated will bring IL no additional
votes. The Chicago platform offers no
hope for bimetalism. There are some
gold mon9metallists in the country Of
vote for Bryan or Bryanism under any
eircumstances. Accentuating the con
two parties by excluding all reference to
International bimetallism would only
serve to throw into the shadow the ne
gotations and Populistic notions and
heterogeneous patchwork of the Democ-
racy now in the saddle, which they call
platform. Our St Louis declaration
of faith and of principles elected Mr.. Nc
nj nd ~ x-tII trf., ,a,., tix-