Show I 1 IGNORANCE AH the gold standard advocates wear long eam ban senator cattery caffery of louisiana made a speech upon the curf currency ency question in the senate the other day from the report in the congressional record we take tal e this extract mr daniel the senator stated that as civilization advanced silver went down will the senator please state how that is consistent with the fact that imm from 1847 to 1850 when more gold was produced the same people who are now warring upon silver led the crusade against gold and actually de it how is that consistent with the idea of the natural law as claimed by the senator from louisiana that carried silver down as civilization advanced mr caffery caff cry I 1 think the senator from virginia has not correctly stated the facts gold has never been demone sized in europe mr daniel in one or two countries it una has been mr caffery there Is no country that I 1 know of in EM europe opa of course the superior information and knowledge of other senators on that point will correct me if I 1 am wrong that ever demone sized gold at the period of the discovery of the gold mines as of california when there was a tremendous output of gold gold being a commodity like everything else a noted french writer of that period M chevalier in discussing the finances of france thought perhaps it was best to demonetize gold goi 1 but it was never done mr mitchell Ml of oregon germany de gold I 1 will say to the senator mr teller and so did holland in 1847 mr caffery I 1 stand corrected then and the question of the senator from virginia now needs an answer here Is a senator of the united sta te presuming to instruct the people upon the subject of currency who actually did not know that two european nations de gold when gold was cheap and silver was dear it if gold should now become cheap and silver dear we would have a repetition of this performance and a nd nothing more would be heard of at the superiority of that gold stan standard dard the whole purpose of men who uphold the system is to make maka money abnormally dears dear and they care little whether they can accomplish the end by using one metal or the other bimetallism means money of normal value the manufacturer |