FREE BOOKS

Author's List




PREV.   NEXT  
|<   1200   1201   1202   1203   1204   1205   1206   1207   1208   1209   1210   1211   1212   1213   1214   1215   1216   1217   1218   1219   1220   1221   1222   1223   1224  
1225   1226   1227   1228   1229   1230   >>  
ple, we are called here in Congress to furnish such measures of relief as the law can afford. In the discharge of this duty I will sweep away all party bias, all pride of opinion, all personal interest, and even the good will of my constituents, if it were necessary; but, fortunately, I believe their opinions concur with my own." In conclusion I said: "It is said that if we stop the coinage of silver it will be the end of silver. I have heard that moan from some of my friends near me. I do not think it will be the end of silver. We have proven by our purchases that the mere purchase of silver by us in a declining market, when all the nations of Europe are refusing to buy silver and throwing upon us their surplus, is an improvident use of the public money, and it ought to be abandoned, or at least suspended until a time should come when we may, by an international ratio or by some other provision of law, prevent the possible coming to the single standard of silver. Now, that can be done. "What do we propose to do now? We simply propose to stop the purchase. We do not say when we will renew it again, but we simply say we believe, in view of a panic or any possibilities of a panic, that it would be idle for us to waste either our credit money or our actual money to buy that which must be put down into the cellar of our treasury and there lie unused, except as it is represented by promises to pay gold. I say that such a policy as that would be foolish and delusive. "Senators say that this is a blow at silver. Why, silver is as much a part of the industry of my country as it is a part of the industry of the state of the Senator from Colorado, the able exponent of this question. The production of silver is a great interest, and the people of Ohio are as deeply interested in the success of that interest as the people of Colorado. It is true we have not the direct ownership of the property, but it enters into measures of value of our property. There could be no desire on the part of any portion of the people of the United States to strike down silver. That idea ought to be abandoned at once. Therefore, in order to at least give the assurance of honest men that we do not intend to destroy an industry of America, we put upon this bill a provision proposed now by the Senator from Indiana. "I say that instead of desiring to strike down silver we will likely build it up; and any measure that could be adopted
PREV.   NEXT  
|<   1200   1201   1202   1203   1204   1205   1206   1207   1208   1209   1210   1211   1212   1213   1214   1215   1216   1217   1218   1219   1220   1221   1222   1223   1224  
1225   1226   1227   1228   1229   1230   >>  



Top keywords:

silver

 

interest

 
industry
 

people

 

abandoned

 

property

 

purchase

 

Colorado

 

Senator

 
simply

propose
 

measures

 

provision

 
strike
 
cellar
 

treasury

 

unused

 
exponent
 

delusive

 
Senators

foolish

 
policy
 
promises
 

represented

 

country

 

honest

 
intend
 

destroy

 

assurance

 
Therefore

America
 

measure

 

adopted

 

desiring

 

proposed

 

Indiana

 

interested

 

success

 

direct

 
deeply

production
 
ownership
 

enters

 

portion

 

United

 
States
 

desire

 

question

 

conclusion

 

concur