Show GOLD AND SIlVER They Are Discussed Before the Baptist Social Union Of Manhattan Island Sewlands Exposes the Conspiracy of 73 Goldlte Predictions Unfulfilled Un-fulfilled Prof Laughlla Replies NEW YORK Dec 3 The Baptist Social union of Manhattan island this evening held its annual meeting and banquet the topio ol discussion dis-cussion being the silver question by Senator Stewart of Nevada Prof J Lawrence Laugh lln of Cornell university and Frances G New lands of San Francisco and Nevada Mr Newlands said this was an age of trusts combines com-bines and corners One of the most gigantic gi-gantic combines was formed in 1873 which had for its object the limitation of the production produc-tion of the money crop from mines and even to destroy the efficiency of half the present supply existing in the form of silver in order to increase in-crease the value and purchasing power of the remaining money They could not destroy the natural crop of money but could limit it by legislation and a conspiracy was organized organ-ized to maine bonds payable in gold and then to increase the value of every unit of gold by destroying the use of every unit of sliver The effect of this destructive legislation was a financial contraction con-traction in the country almost unparalleled in its history and vast fortunes were accumulated by a few at the expense of the many The adherents ad-herents of gold have since been driven from their entrenchments Silver has been restored as legal tender and provisions made for the coinage of between J000000 and 1000000 per month The prediction made that gold would bo withdrawn from the country and is would become a silver country was not verified veri-fied The opponents of silver asserted the countries of Europe would flood us with silver forgetting or ignoring the fact that such a transfer would Involve a loss to Europe of at least three cents on every dollar in circulation Even if this were attempted it could only bo prevented by legslation The United States needs more money than any other country In the world and can easily get It by borrowing or by coining it It owes today moro than the entire volume of money that exists in the country coun-try Prof Laughlln of Cornell university and P H White of the Evening Post spoke on the cold issue |