Show As to repudiation the enquirer a few days day ago told how geld obligations have been in incurred throughout the commercial world how gold notes have been signed in all the banks of the coun country axy for many any years an and d how these obligations must be paid in the money which the contracts demand we used the i illustration that where we have obligations to pay in gold we cannot repudiate those obligations by saying we will pay in silver any more than a farmer promising to pay a debt in wheat can take it into his bis head bead to pay potatoes the salt lake herald quotes a portion of our article and calls call it a wall street argument and accuses the enquirer of being for a gold stands standard stan daid d then it dodges the main issue as follows if silver is good enough money for for domestic purposes then why should it not cot be good enough for foreign purposes so far as the united states are concerned what has been considered good enough for americans americans have generally considered good enough for a anybody in china we are told the common people use largely copper for currency correspondents write home telling how they have loaded up a donkey with coin to take a trip into the interior china could just as well say in paying off the debt contracted in the late war with japan no matter though our contracts call for gold copper is good enough for foreign purposes yet it if china should say that and thus attempt t to repudiate its just gold debts the nations it is owing would soon have men of war in in chinese waters enforcing payment silver is good enough money where contracts call for coin but where they call expressly for gold as most of our contracts do then gold will have to be given for their cancellation to say that silver is good enough for us and it will have to do our creditors is like a farmer saying laying 1 I can live on rye bread and it if rye bread is good enough for me and my family then rye is good enough to pay my debt to mr jones no matter if the contract calls for wheat i bach argument is a ot of dis honesty that the people of utah will not tolerate they will simply say eay pay the debtor his dues even if it does doea deprive us of a precious policy ol of government state bonds b on d S that were floated a short time ago call for gold and utah people will see they are paid in gold there will be no repudiation by forcing payment in another land kind of money now if saying that a man or a community must honor former contract is is goldbug ism then make the most of it the enquirer is still for free coinage of silver no matter what its contemporaries class it the orly ocly question is can the united states pay off its obligations in gold by pursuing the policy outlined in the chicago platform of free coinage at at 16 16 to to 1 without waiting for other coun countries ries or must we hold to the st louis platform which is also for bimetallism but only through international inter national agreement we are sure the honest people will not say with the malt balt lake herald silver is good enough money for domestic purposes and it should be good enough for foreigners notwithstanding their contracts all call for gold |