The Conservative * 13
TKIISK OPINIONS ON MONKTA11V
INTKKKSTS.
[ From Chicago TinioH-Hcrald.J
riAT MONEY CANNOT TAKK T1IU PLACE OF
REAL MONEY.
Tlio issue which convulsed the coun
try in 1870 has continued to bo u dis
turbing element ; down to the present
timo. The fundainentul heresy which
then prevailed and is still advocated ,
consisted in the idea that lint money can
take the place of real money. The
democratic party as a whole was then
unsound , and has remained so until the
present Any. The erroneous doctrines
advocated at that time culminated
finally in the limited coinage of silver ,
and the declaration of the Chicago plat
form in favor of its unlimited coinage at
the ratio of 10 to 1 , when its actual value
was only half the standard proposed to
bo enacted. Ex-Mayor Abram S.
Hewitt , of New York.
AN ARKANSAS EDITOR SCOURS A STHOXO
POINT.
/ *
111 1896 I .was in Denver , and became
acquainted with the managing editor of
the Denver Republican , a bright young
fellow , who was a strong free silver
man. "Why , " ho said to me , "do you
mean to tell me that this great and rich
nation isn't able to establish and main
tain a financial system of its own , with
out the aid or consent of any other
nation ? "
"My young friend"Ireplied , "thirty-
six years ago I engaged in the enterprise
of establishing and sustaining n system
in the Southern Confederacy , without
the aid or consent of any other nation
on earth. Well , we spent four years
and billions of treasxiro and a million
lives before we were convinced that we
couldn't do it. Why ? Because the
world was against us. And it is against
iis now on the financial question. Gold
is the standard of the civilized world
and we must accept it ; the world is
ag'aiust your free silver proposition , and
wo must accept the situation as wo fine
it. Col. James Mitchell , of Arkansas.
WHAT CURRENCY REFORM MEANS.
The house of representatives elected
in 1896 has made a patient , laborious am"
conscientious study of all the questions
involved. As a result , the banking and
currency committee of the present house
has reported a bill the aim of which is
to take the government out of the bank
ing business ; to throw upon bunks the
duty of redeeming the outstanding
government currency hi coin ; to author
ize the issue of bank notes under condi
tions that will enable the farmers of the
West , the planters of the South and the
people generally to obtain money from
the banks of the locality against the
produce they have raised , and to define
explicitly , so that it cannot bo open to
question , that the standard of value in
this country is the gold dollar of the
present standard weight and fineness.
Both Low , of Now York.
SOUND MONKY CONCERNS ALL INTERESTS.
Foresight and forethought on the part
of the people of the country who believe
that sound money is fundamentally
important to every interest in the United
States seem to bo all that are needed in
order to place this question at last in the
way of a permanent solution. Seth Low ,
of New York.
URAVE INTERESTS AVERE AT STAKE.
I happen to bo brought into close con
tact with large financial operations , I
do not hesitate to say that the election
of a democratic house by the present
democratic organization would have a
strong tendency to depreciate every
American security , both on the ex
changes of this country and abroad.
The financiers of Europe would regard
such an election as a step backward , and
the timid capitalists would fear to invest
in our securities. Capital at homo would
likewise hesitate to make now invest
ments , and many enterprises would be
delayed and restricted while capital was
waiting to see what would be done.
John K. Cowen , of Baltimore , Md.
OOVKKNOK SHAW SHOWS HOW PUHLIC
HONESTY WINS.
"These greenbacks continued to fluc
tuate until the government provided for
their redemption in gold. Let mo illus
trate : I know a man who had difficulty
in his family. His wife commenced
divorce proceedings against him , and it
looked for a time as though she would
recover about one-half of his property
as alimony. Ho was unable to pay his
obligations , and ho issued notes therefor
which went to depreciation. The note
broker , recognizing that the day would
be far distant when my friend would bo
able to redeem , offered but fifty cents on
the dollar therefor. Then a suit for
trespass was commenced against him ,
and his paper went still lower. Later ,
this damage suit was settled and dis
missed and his paper picked up a little.
"Finally , the supreme court one day
decided that no divorce should be
granted , and therefore no alimony ; and
the value of his paper at the note
broker's office advanced. He and his
wife commenced living together again ,
didn't get along very well , but yet
astonished their neighbors with the
rapidity with which they regained pros
perity , and ho began discharging his
indebtedness. The note broker was will
ing to bid higher and higher for his paper ;
finally it would bring ninety cents on
the dollar. Then ho nnd his wife made
a loan on his laud , placed the proceeds
to his account in the bank , and he said
to his creditors : 'Present my notes and
I will give you dollar for dollar in cash
therefor. ' From that day to this my
friend's paper has been as good as gold. "
Governor Shawr of Iowa.
THE SENATE IS FREE HAttYI.ON IS
FALLEN.
1 'I do not think the people yet appre
ciate the far-reaching results of the
national election. The one rotten body
which has given us no end of trouble for
the last ten or twelve years has been the
enate of the United States. It has
been this body , with no responsible
majority which largely , by reason of
having no rules to limit debate , has
hold the country by the throat for a
dozen or more years. Year after year
it 1ms passed free silver resolutions and
resolutions declaring our obligations
legally payable in silver dollars , while it
has stood like a stone wall against any
healthful currency legislation.
"Certainly the most significant and ,
probably , the most gratifying fact con
nected with the splendid victory won
for the cause of sound money on Tues
day is that it was brought about almost
entirely by the people living west of the
Ohio river. " E. 'O. Leech , former
Director of the Mint.
THE MONKY QUESTION OVERTOPS ALL
OTHER QUESTIONS.
The election to congress of any man
who advocates the debasement of the
currency a lowering of the standard of
value is a menace to the common
wealth. The money question overtops
all other questions. Turn on the light !
Show the people the danger of a mone
tary system which the experiences of
all the commercial world during a thous
and years unanimously condemn.
Let labor in every town and county
remember that labor is the great creditor
power of the United States. Then labor
will demand compensation for its serv
ices liquidation for the loan of itself to
employers in that money ( or its equiv
alent ) which civilization has pronounced
the best money gold.
Every man advocating the free coin
age of silver at 16 to 1 is an attorney for
the degradation of American wage-
earners. Every congressman declaring
for a metallic money which must be
undercurrent in foreign countries at the
mint valuation placed upon it by
the United States is an enemy to Amer
ican farmers , producers and exporters.
If the silver theories prevail , this
country will become a monometallic
country like Mexico. Then all wo ex '
port will be paid for in silver. Then all
wo import will bo settled for in gold ,
and we will pay the premium. With
honest money and the gold standard wo
survive , advance and achieve ; without
it we decline , die and decay. ! . Sterling
Morton.
Col. W. J. Bryan rises to remark : "I
can be more useful to my country as a
civilian than as a soldier. " This dis
closes the fact that he intends to continue
to bo "useful. " Richmond Weekly
Times.
TV ;
