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Show KHE AGE.OF TRUSTS , And therAi Trust.' ay Francis f New. v lanAlie Greatest or Them All. ." -jXew Yosl V)ec,"t. The Baptist Social Union oiv.hattan Island last evening held Its ara1 rueeyUng ; and hanquet, the i topic of cfceu5ion Ifeing the silver- question by Sent, t 8te rt bf Nevada, Prof. J. Law- rence Lafchlin cL- tjorneil University . "and ' Francis I New laud jlDtjSan Francisco and Nevada.' y h. ,J : ; ' i-v Air. Nwlanfis this' was an . age of trusts, ribin.f j and,' corners . On of ' the most ri:n c ct niMns.was f ornnjd in 1S73, TJyr.:"Tr-v :' HieliHiiU son of th' (p '"- : Tr.'aey crop frot.Ayf 7 ," l ! ff.rph7Tr; lv exist i f tne form of silver ic order to increase Vffcsami Purchasing power ot the remaiJOii money, hey could not oestroy the n"ii crop of money, but could limit it by legislation, and the conspiracy . organized was to Jiake the bonds payable in gold and then to I increase the value of every unit of ffold byl destroying destroy-ing the use of every unit of silver.! The effect of this destructive legislation was a financial contraction in thJ "country almost unpa Ueled in its history, and vast fortunes weie accumulated by : few at the (ipense of the many. The ad .ercnts of ;oid have since been driven froi their en-: en-: 'enchment: Silver has been re tored as a ; igal (r an(l a provision ul.de for the i cunaa w between two and four millions of i dllarf m-' month. The predictions made . :iat If would be withdrawn from the ouuilf nd that it would become a silver i ountj were not yet verified. Thflr'Pontots of silver asserted that the t ountf s of Europe would flood us with silver, sil-ver, f rgeting or ignoring the fact that such a tra f-fer would involve the loss to Europe of atieat 3 cents on every dollar in circula-tiopl circula-tiopl Even if this were attempted it could onl.v be prevented by legislation. The Un lcd States needs more money than any coi-ntry in the world, and can easily get it borrowing or by coining. It owes today nifire than the entire volume of money that ti ists in the country. ', Prof. Laughlin of Cornell university and r. H. White of the Event ay Pust spoke on the old issue. |
