Genuine bimetallists do no such thing. They claim the coinage of gold
and silver on terms of absolute equality. They do not propose to measure
the silver by the gold, or the gold by the silver. They propose to have
two standard units, and to use the one unit or the other unit at the
option of the debtor. They do not propose that the creditor shall decide
in which of these money metals a debt shall be paid or a contract made
valid--simply for the reason that the two units co-exist, and every
contract and engagement made among men is made in the face of this fact,
and with the full knowledge of it, and with the understanding of what it
implies. That understanding is that at the date of settlement, the
debtor, and _not_ the creditor, shall decide in which of the two
standard metal-moneys he shall discharge his obligation. The option is
his--exclusively _his_. The transaction is honorable, right, and just.
Whoever challenges it is an abettor of the scheme for robbing the debtor
by compelling him to transact his business, and in particular to pay his
debts, according to a standard unit differing from the dollar of the law
and the contract.
Of this outrageous fraud we will have no more. We spew it out of our
mouths. We spit on the proposition, under whatever garb it comes, to
compel the debtors of this nation to discharge their obligations in a
dollar differing from the dollar of the law and the contract. We do not
propose to "supplement" gold money with silver money--meaning the
subordination of the silver to the gold. We do not propose to
"supplement" silver money with gold money--meaning that the gold shall
be absolute and the silver only token. There is no "supplement" about
it. It is a simple proposition to have our money _in two kinds_, and not
in one kind. It is like laying a foundation of stone and brick. The
stone is not more dependent on the brick than the brick is dependent on
the stone. They are both built into one abutment; they both contribute
alike to its solidity and magnitude; they both enter into its
composition and are part of its structure; and they both shall stay
there, gentlemen of the gold craft, in spite of your efforts to take one
constituent part of the abutment away!
I now come to the next essential division of Mr. Lepper's article. I
call particular attention to what he proposes. He says:
Public-domain text, read in full here on John Shaqi.
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