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Silver And Labor Questions

Silver And Labor Questions image
Parent Issue
Day
18
Month
January
Year
1895
Copyright
Public Domain
OCR Text

"I ani in favor oí' 6imetallism, and in this the United States should lead the world. I do not adinit the claims so persistently niade by adyocatea of froe and unlimited coinage of silver that our present evils are the result of so-called silver demonetizatiou; nor do I believe that tho remouetization of süvör would produce any startling chances iu existing oonditions. I ani satisfled, however, that the demonetizatiou of one-h;ilf of the world's supply of the ultímate money of redeinptkm was uot few the best interese of the people of the world, aud I think ive should do evorything in our power to hasteu the return of bimeaillism anftong the nations oí the earth. "To those who fear the effect of American silver 1 have this to say: We are nob realizirig liuuncial prosperity under existmg gold moaotneíalllsm, and it is wortn our wliile to try the experiment of a return to bimetaüism. Tho legislation to aucomplish thi should, however, be carefully considerod and wiselv guarded. and the mints of the United .States ■hould not be opened to the silver product of any other country untU these great nations are ready to joln us in international hiinetallism. "I know of no reason why the Uuiíed States should surrender its claim againso the Pacific roads if it can enforce ultímalo colltíctiou by a series of animal payments guaranteed by reasonable 6ecurity. It is urged, and quite plausibly, that Buoh be extensión oí the dobt would compel the people of the west to utw Incteased teriffs ka order to enable the Pacilic oompaniej to maet tha government requireinents. In my opinión - and 1 believe my (;r:tt familiaray wich the subject enables D06 6o judge correctly- auch wouid uot bo tho c&ati.! ' +■ Reforriug to the labor qiiestiou he 8aid : "I ain nut in favor of u uationttl board ut arbitrittion íuodelled upon any plan I ilar to the interstate comineree I sion. üuch a bourd wuuld be entirely too ciimborstmie; too fnr removed (rom the imraediatc lovality of the dinturbances, aud vruitld lai;k the one evntiul elcmtn . uecesry to HieMM, thc pvwer vf enforciug it wardu. 1 believe, however. a lav uau b fr&med tu seaur local arbitratio'i f xt wtriuua ditfierujot bctwveu auy mtwiitw arriar au4 lt tiwom; but irbitratlon to be effoctlve must be binding upon botta sldes. ■ i am not prepare I ut. the present time iiiiuv nny oomplete plan by whlch il"1 p mt i ui best prom ta Ihire oi the iivborlng dnaaoa, bal ns n bezinning t hcirtily favor the establishment of a labor oommlsslon, or burcm. ,ir dopartment, whlch ghal] hare general suporvtsion of all matten pertalnlng t, lubor u-.ti-i -;s, whioh nlinll undertake Oio oollection o' sfjitlBtlcs and make full inquirv LntofUe ooudltlon nd requireme&ti ui th.' wage darnera o( the country."

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Subjects
Ann Arbor Argus
Old News