Blaine On Free Coinage

Garbled and misleading quotations have been made irom Mr. Blaine's speech of Feb. 7, 1878, the purpose of the rnisrepresentations being to show that he favored the free coinage of silver at the ratio of 16 to 1. The whole drift of his speech was adverse to such coinage and here is one paraaf raph in which the objection is very explicitly stated. "Our line of policy in a joint movement with other nations to remonetize, is simple and direct. The difficult problem is what we shall do when we aim to re-establish silver without the eo-operatton of European powera and reuliy iis a;i advance movement to coerce those powers into the same poliey. Evidently the flrst díctate of prudence is to coin such a dollar ás will not only do justice among our citizens ;it home, but will prove a protection - an absolute barricade - againstthe golc monometallists of Europe, who, when the opportunity offers, will quickly draw frora us the one hundred anc sixty millions of gold coin which we now hold. If we coin a silver dollar oí full legal tender, obviously below the current of value of the gold dollar, we are opening wide our doors and inviting Europe to take our gold. With our gold novving out from us we shall be torced to the single silver standard anc our relations with the leading commercial countries of the world will be no' only embarrassed but crippled." A population whose labor is insuffi ciently remunerated must become physically and morally unhealthy an socially unstable; and though it may sucoeed for a white in industrial com petition, by reason of the cheapness o its products, it must in the end fall throngh hldeous misery and degrada tiou to utter ruin. - Professor Huxley