The Arena, Volume 18, No. 93, August, 1897 — John Shaqi
The Arena, Volume 18, No. 93, August, 1897Various
Philosophy
The Arena, Volume 18, No. 93, August, 1897
Various
American literature -- Periodicals
Mr. Lepper will have his labor for his pains. His system will be laughed
to scorn by all the goldites proper, and it is certainly rejected as
spurious, impossible, and absurd by all genuine bimetallists. I wish to
remark in this case, that the term "goldite" applied to the
monometallist, is not a misnomer or an unwarranted epithet; for
monometallists advocate the establishment of gold money only, as the
primary money and money of ultimate redemption. On the other hand, the
term "silverite" is a misnomer; if accepted, it misleads, for it implies
that he who is characterized as a silverite is a believer in silver only
as the primary money and money of ultimate redemption. There are no
people of this class of whom we have heard.
Bimetallists believe in the use of both moneys freely and on terms of
perfect equality; they will be satisfied with nothing less. They know
that they are in the majority, and that they cannot be ultimately
defrauded of their purpose. They intend to restore our coinage to what
it was before the Act of 1873. By such restoration they propose to break
the corner on gold and to reduce the exaggerated purchasing power of
that metal to the normal standard. They intend that this reduction in
the purchasing power of gold shall be answered--as they know it will
be--with a corresponding rise in the prices of all the products of
labor. They intend in this way to achieve prosperity; they intend to
wrong no man--not even the bondholder; they intend that every man shall
have his rights according to the law and the contract; they intend to
break faith with none; they intend to march right on to the achievement
of this result; in doing so, they intend to consult themselves. They
know full well that the so-called "great commercial nations" will be
glad enough to trade with us, and to take our money in both kinds too.
If not, we hold the rod! If any nation under heaven proposes to
discriminate against the United States of America because of our
bimetallic standard of money, let that nation try it! We shall see who
comes out best in that contest.
When the weak-kneed, the time-serving, and the cowardly shall be
expelled from power; when American patriots are in the high places of
authority; when the people's voice shall be heard as the voice of many
waters,--all men shall then be assured that the great republic is able
to do its own business in its own way, asking favor of none, menacing
none, and fearing none! When that good day comes with the end of the
century, such literature as Mr. Lepper's "Bimetallism Simplified," read
in the retrospect and in the light of a better verdict of the people,
will seem to the thoughtful student of history to have been the product
of some humorist, indulging a sarcastical disposition at the expense of
the very theory which he sets forth in his article.
THE SEGREGATION AND PERMANENT ISOLATION OF CRIMINALS.
BY NORMAN ROBINSON.
Public-domain text, read in full here on John Shaqi.
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