American Eloquence, Volume 4: Studies In American Political History (1897)
History
American Eloquence, Volume 4: Studies In American Political History (1897)
Speeches, addresses, etc., American; United States -- History; United States -- Politics and government
The silver question in its various aspects, as involved in the bill
before us, is one of admitted importance, possibly of difficult
solution; and it is further embarrassed by not only the conflicting
views of those entitled to some respect, but by the multifarious
prescriptions intruded by a host of self-constituted experts and by all
of the quack financiers of the land. Every crocheteer and pamphleteer,
cocksure "there's no two ways about it," generously contributes his
advice free of charge; but sound, trust-worthy advice does not roam like
tramps and seldom comes uninvited. Many of the facts which surround
the subject are perhaps of too recent occurrence to justify hasty and
irrevocable conclusions. The service of our own people, however, must
be our paramount concern. Their intercourse with themselves and with
the world should be placed upon the most solid foundation. If any have
silver to sell it is comparatively a small matter, and yet we earnestly
desire that they may obtain for it the highest as well as the most
stable price; but not at the expense of corn, cotton, and wheat; and it
is to be hoped, if any have debts to meet now or hereafter, that they
may meet them with the least inconvenience consistent with plain,
downright, integrity; but, from being led astray by the loud
declamations of those who earn nothing themselves and know no trade but
spoliation of the earnings of others, let them heartily say, "Good Lord,
deliver us."
* * * * *
A stupid charge, heretofore, in the front of debate, has been made,
and wickedly repeated in many places, that the Coinage Act of 1873 was
secretly and clandestinely engineered through Congress without proper
consideration or knowledge of its contents; but it is to be noted that
this charge had its birth and growth years after the passage of the Act,
and not until after the fall of silver. Long ago it was declared by one
of the old Greek dramatists that, "No lie ever grows old." This one is
as fresh and boneless now as at its birth, and is therefore swallowed
with avidity by those to whom such food is nutritious or by those who
have no appetite for searching the documents and records for facts.
Whether the Act itself was right or wrong does not depend upon the
degradation of Congress implied in the original charge. Interested
outsiders may glory in libelling Congress, but why should its own
members? The Act may be good and Congress bad, and yet it is to be hoped
that the latter has not fallen to the level of its traducers. But there
has been no fall of Congress; only a fall of silver. To present the
abundant evidence showing that few laws were ever more openly proposed,
year after year, and squarely understood than the Coinage Act of 1873,
will require but a moment. It had been for years elaborately considered
and reported upon by the Deputy Comptroller of the Currency. The special
attention of Congress was called to the bill and the report by the
Public-domain text, read in full here on John Shaqi.
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