The Arena, Volume 18, No. 92, July, 1897 — John Shaqi
The Arena, Volume 18, No. 92, July, 1897Various
History
The Arena, Volume 18, No. 92, July, 1897
Various
American literature -- Periodicals
In France, there are constantly continuous and unseemly clashes
between church and state. No matter what complications may exist as
results of the past, surely it would be better for all concerned to
leave the churches to be sustained by the voluntary contributions of
the people. In the United States churches seem to live and thrive
under this system of noninterference by the state in religious
matters, and voluntary support. The more than eighty thousand
clergymen are provided for. In the French Republic one reads
everywhere, on the walls of churches and of schools, the words
"_Liberté, fraternité, égalité_," while there seems to be a serious
disagreement between Clericals, on the one side, and Radicals, on the
other, as to the meaning of these words. To effectually put an end to
this strife, the adoption of the clause I have quoted would be
sufficient.
In writing thus freely of the French Republic I am free, I trust, from
the spirit of the carping critic delighting in comparisons to the
advantage of his own country. I appreciate the splendid literature,
the brilliant art, the advanced civilization of the France of to-day.
I recognize with gratitude the debt which the United States owes the
gallant Gallic people for sympathy and material aid in her struggle
for independence. It is now only necessary to be in France on the
Fourth of July to realize the reality and depth of the friendship
which exists between the sister republics. But I do think that until
France shall copy more closely the Constitution of the United States,
the stability of the third republic cannot be regarded as assured.
HONEST MONEY; OR, A TRUE STANDARD OF VALUE:
A SYMPOSIUM.
I. BY WILLIAM JENNINGS BRYAN.
We hear much about a "stable currency" and an "honest dollar." It is a
significant fact that those who advocate a single gold standard have
for the most part avoided a discussion of the effect of an
appreciating standard. They take it for granted that a gold standard
is not only an honest standard, but the only stable standard. I
denounce that child of ignorance and avarice, the gold dollar under a
universal gold standard, as the most dishonest dollar which we could
employ.
I stand upon the authority of every intelligent writer upon political
economy when I assert that there is not and never has been an honest
dollar. An honest dollar is a dollar absolutely stable in relation to
all other things. Laughlin, in his work on "Bimetallism," says:
Monometallists do not--as it is often said--believe that gold
remains absolutely stable in value. They hold that there is no
such thing as a "standard of value" for future payments in either
gold or silver which remains absolutely invariable.
He even suggests a multiple standard for long-time contracts. I quote
his words:
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