Morton For A Single Standard

Washington, April 2a - Secretary Morton ia an interview on the silver question Baid: "Idonot believe that an international congress can esfablish permanentiy a commercial ratio bet ween gold and silver any more than it can estnbljsh a permanent commercial ratio between ry.i and wheat. Bilt if au international conference can fix tho prloe in gold or silvet it cin alao lix the prico of wheat or of any other eommodity. ■ "My own juagmebt is that we munt sooner or later declaro that the Unitod States of Amsrica recognizos gol:l as tho best and least üuotuating rneasure oí valué and medium of exchange whicli the coinmorce of civiliz-ition has thus far utilizad. It is barely possible tho flnanoial fallacies;of the Populists may temporarily secure a majority of tho voters of the United States. Should such a catastropho overtako the country the peoplo must learn by eiperience what they should have learned by diligent study and reason. "The time lor stra.ldlors has passed. Thoss who are for a sound currency on a gold basis ought to have tho courage to say so and abide by the results of their declaratioa. I havo no hesitation in declaring myself utteily opposed to all the free coinagc fallacies. ïhu president's critics, hovvever, ask what 'sound money' isf An orilioary man of business may answer that question. " 'Sound moucy' is that sort of currency which has the most universal and least fluctuating purchaslng po.vür in tho markets of all countries. That inoney ia the 'soundest' for which throughout the cominerce of the civilized world there is the most universal demand. And that universal demand is always based upon tho universal and unfluctuatillg purchasfng power of that money."