The San Francisco call., 1904-10-10
GOLD STANDARD DENOUNCED.
Declared to Be Unconstitutional, Un-
scientific and Wrong.

How IS it in our own land7 God never made
grander home for his children than that
which the Cavalier in Virginia the Dutcbman
In New York and the Puritan in Massachu-
setts sought refuge from the systems of
the OLD World. In natural advantages this
earth holds no region superior to ours once
1t belonged TO the people. With his gun, the
common man won it mile by mile from the
Indian. the Frenchman. the Saxon and the
Spaniard. What the common man did NOT
win with his gun he bought with his money
From sea to sea the land which is ours be-
came ours because the common man was ready
10 pay for it with his tax money or his blood
What has become of It? With bewildariDo
rapdity IL has been taken from the common
people and given to the corporations II he
longed 10 the Government to all the people
x was meant to supply homes to individual
cHizens, and there was enough of it TO last
for many generations. To the extent of about
2OO, 10000 acres, ii has been given to railroad
corporations. ana now when a common man
wants home in all that vast domain he must
go to the railroad corporations to get It,
A blacker chapter than that which records
now both the old political parties united to
despol the common people of their land Is
not to be found in the annals Of class Iegis-
once upon time we had a financial system
or Dt OFT y, @ own Placed in the constitution as
nrlnIy n1ed. For hundred years this money
system was in operation among us There
hxed.' Very s wis. 10 men be gTTs iTrevocabiy ably
system Of national finance 1t was the one
Alexander Hamilton agreed. These two on weLe Sno
perhaps the greatest statesmen this country
ever pTouuceu 30 pre-eminent thew
above all others that they divided the peonIe
into two distinct schools Of political thouebt
But, upon the vital subject of finance these
master minds reached the same conclu.ior
and that conclusion became a part of the con,
stitution. ~
Whether the Wall street innuenc. which
produced tie establishment of the gold stan
dard emanated from wiser heads than theea
Of Jefferson and Hamilton may be doubted
Both Of these great men served their country
a long time and died poor. In fixing bimetal-
lism as a system and the silver dollar aa tha
unit of value. they had selfish motive
Two lofty minded statesmen agreed upon that
system as the right system. It Remained IN
force, giving full satisfaction until the money
power in its march Of conquest found II TO be
a barrier The money power demands a stan
dard which IL can control, and one metal is
son Il opposes governmental issues of paper
money. and Will never content itself until the
greenbacks are called in and destroyed.
To establish the single gold standard which
sets the constitution aside, the statute had to
be violated. TIE word coin had to be con-
note issued on silver had to be redeemed in
a manner different from that prescribed by
law
There are at least five reasons why the
gold standard cannot be considered as fixed:
ID 1t Is unconstitutional.
(2) II violates statute law.
CD The supply OF gold might increase be
yond all the circulations Of the money power.
Thus the standard of value would get beyond
their control. In that event the money power
itself would change the standard.
t4l The supply Of gold might suddenly cease.
because the countrys expansion in business
and Increase In population require constantly
increasing volume Of currency. If the horrors
OF contraction should again come upon US by