Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890Jones, John P. (John Percival)
History
Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890
Jones, John P. (John Percival)
Silver question -- Speeches in Congress
In an ancient village there once stood a gold clock, which, ever since
the invention of clocks had been the measure of time for the people of
that village. They were proud of its beauty, its workmanship, its
musical stroke, and the unfailing regularity with which it heralded the
passing hours. This clock had been endeared to all the inhabitants of
the village by the hallowed associations with which it was identified.
Generation after generation it had called the children from far and wide
to attend the village school, its fresh morning peal had set the honest
villagers to labor; its noon-day notes had called them to refreshment;
its welcome evening chime had summoned them to rest. From time
immemorial, on all festive occasions, it had rung out its merry tones to
assemble the young people on the green; and on the Sabbath it had
advertised to all the countryside the hour of worship in the village
church. So perfect was its mechanism that it never needed repair. So
proud were the people of this wonderful clock that it became the
standard for all the country round about, and the time which it kept
came to be known as the gold standard of time, which was universally
admitted to be correct and unchanging.
In the course of time there wandered that way a queer character, a
clockmaker, who being fully instructed in the inner workings of
time-tellers, and not having inherited the traditions of that village,
did not regard this clock with the veneration accorded to it by the
natives. To their astonishment he denied that there was really any such
thing as a gold standard of time; and in order to prove that the
material, gold, did not monopolize all the qualities characteristic of
clocks, he placed alongside the gold clock, another clock, of silver,
and set both clocks at 12 noon. For a long time the clocks ran along in
almost perfect accord, their only disagreement being that of an
occasional second or two, and even that disagreement only at rare
intervals, such as might naturally occur with the best of clocks. But
the Council of the village, in their admiration for the gold clock,
passed an ordinance requiring that all the weights (the motive power) of
the silver clock, except one, be removed from it, and attached to those
of the gold clock. Instantly the clocks began to fall apart, and one
day, as the sun was passing the meridian, the hands of the gold clock
were observed to indicate the hour of 1, while those of the silver clock
indicated 12.15. At this everybody in the village ridiculed the silver
clock, derided the silver standard, and hurled epithets at the
individual who had had the temerity to doubt the infallibility of the
gold standard.
Public-domain text, read in full here on John Shaqi.
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