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Show DOUBLE STANDARD. It iB undoubtedly true that an overwhelming over-whelming majority of the people of Utah are in favor of the free and unlimited un-limited coinage of silver, some for the reaeon that they believe it is the financial finan-cial policy which ia best for the whole people, and Borne who fayor it because it will stimulate and benefit the mining min-ing industry. We should hesitate to favor it, if we believed it to be beneficial to the mining min-ing regions alone, and we certainly could not demand it unless we beiieyed it to be good, sound financial policy for the people of the east as well as the weet. The eaBt and west are bo interdependent interde-pendent upon each other commercially, commer-cially, that any financial scheme that fayors either to the detriment of the other ought not to be adopted, hence all discussions of finance by this writer will be based upon the question oi what is beet for the United States as a whole. The gravest argument we have heard j againEt the equal unlimited use of both silver and gold as money, is the supposed sup-posed difficulty of maintaining a double standard of value. It is by no means a new question, it was gravely discussed before any money waB coined by the United States, and the only differen ces between the founders of the two great political parties on this question, were that Jefferson waB in favor of the United States having its own system while Hamilton favored a policy which would adapt itBelf to the practice of such other nations as nrieht have a single standard of either Bilver or gold, but both agreed the double standard i was best for the United States and that a silver dollar should be the unit of value Hamilton feared that an increased production of either of the two metals used as standards of value, would disturb dis-turb values, and require frequent changes of the ratio, yet he advocated and virtually adopted the double standard, stan-dard, trusting to the exercise of "implied "im-plied powers" of the constitution to maintain parity oi VUo Vwo iuctVo tv itK-in itK-in the United States,and diplomatic strategy, to secure the concurrent action ac-tion of the great powers of Europe in maintaining the ratio between the two metals. Jefferson ignorned the subtle distinction dis-tinction that obscuived the brilliant intellect in-tellect of Hamilton, inspired by the great truth taught by nature, that man can see better with two eyes than one, although objects do photograph photo-graph themselves upon each of bis eyes separately, they are strengthened not confused, and the result Is, man appreciates each object more distinctly; dis-tinctly; he walks better with two lege than one, although one foot is standing stand-ing solidly upon the ground whilst the other moves forward, neither hinders, each helps the other, and the whole man progresses. He could not for a moment endure a halting, half blind, one eyed, one legged eystem of finance, hence was in favor of a double standard stand-ard of value a bi-metallic system of currency, and thus from two opposite sources of reasoning they united in reaching one result. Today, the modes of reasoning are different, we in the west, see that we must have bi metallism. or we cannot develop the possibilities of progress that are struggling into action. The people of the eaet need to be taught our prosperity is a great factor in maintaining their industries and com merce, we need to see, 11 we do not see it, that a financial system that is not Bound, will react upon us harshly, and the people of the east need to set that a policy that cripples our industries, indus-tries, will react upon their trades hence whilst reasoning from different standpoints stand-points so far as sections of the country, or fundamental political principles are concerned, we ought to consider the living, burning queetion of the hour on a broad American basis, and get back in the most direct way possible to the principle on which our financial system sys-tem was based. |