The Life and Public Services of James A. Garfield: Twentieth President of the United States, Including Full and Accurate Details of His Eventful Administration, Assassination, Last Hours, Death, Etc., Together with Notable Extracts from His Speeches and LettersBrown, E. E. (Emma Elizabeth)
History
The Life and Public Services of James A. Garfield: Twentieth President of the United States, Including Full and Accurate Details of His Eventful Administration, Assassination, Last Hours, Death, Etc., Together with Notable Extracts from His Speeches and Letters
Brown, E. E. (Emma Elizabeth)
Garfield, James A. (James Abram), 1831-1881; Presidents -- United States -- Biography
Currency.--Lincoln.--Forms of Government.--The
Draft.--Slavery.--Human Progress.--Independence.--
Republicanism and Democracy.--The Rebellion.--Protection
and Free Trade.--Radicalism.--Education.--Reconstruction.--
William H. Seward.--Fourteenth Amendment.--Classical
Studies.--History.--Law.--Liberty.--Statistical
Science.--Poverty.--Growth.--Ethics.--The Salary
Clause.--The Railway Problem.--Church and State.--
Courage.--Art.--Literature.--Character.--Public
Opinion.--The Revenue.--Statesmanship.--Science.--
Truth.--Elements of Success.--Suffrage.--Gustave
Schleicher.--Appeal to Young Men.--The Union.--Inaugural.
[Speech on the Currency.--46th Congress.]
No man can doubt that within recent years, and notably within recent
months, the leading thinkers of the civilized world have become alarmed
at the attitude of the two precious metals in relation to each other;
and many leading thinkers are becoming clearly of the opinion that, by
some wise, judicious arrangement, both the precious metals must be kept
in service for the currency of the world. And this opinion has been very
rapidly gaining ground within the past six months to such an extent,
that England, which for more than half a century has stoutly adhered to
the single gold standard, is now seriously meditating how she may
harness both these metals to the monetary car of the world. And yet
outside of this capital, I do not this day know of a single great and
recognized advocate of bi-metallic money who regards it prudent or safe
for any nation largely to increase the coinage standard of silver at the
present time beyond the limits fixed by existing laws.... Yet we, who
during the past two years have coined far more silver dollars than we
ever before coined since the foundation of the Government; ten times as
many as we coined during half a century of our national life; are to-day
ignoring and defying the enlightened universal opinion of bi-metallism,
and saying that the United States, single-handed and alone, can enter
the field and settle the mighty issue. We are justifying the old proverb
that "fools rush in where angels fear to tread." It is sheer madness,
Mr. Speaker. I once saw a dog on a great stack of hay that had been
floated out into the wild overflowed stream of a river, with its
stack-pen and foundation still holding together, but ready to be
wrecked. For a little while the animal appeared to be perfectly happy.
His hay-stack was there, and the pen around it, and he seemed to think
the world bright and his happiness secure, while the sunshine fell
softly on his head and hay. But by and by he began to discover that the
house and the barn, and their surroundings were not all there, as they
were when he went to sleep the night before; and he began to see that he
could not command all the prospect, and peacefully dominate the scene as
he had done before.
Public-domain text, read in full here on John Shaqi.
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