Page:Coin's Financial School.djvu/153

Rh "In the impending struggle for the mastery of the commerce of the world, the financial combat between England and the United States cannot be avoided if we are to retain our self-respect, and our people their freedom and prosperity. [Applause.]

"The gold standard will give England the commerce and wealth of the world. The bimetallic standard will make the United States the most prosperous nation on the globe. [Applause.]

"To avoid the struggle means a surrender to England. It means more—it means a tomb raised to the memory of the republic. Delay is dangerous. At any moment an internecine war may break out among us. Wrongs and outrages will not be continuously endured. The people will strike at the laws that inflict them.

"To wait on England is purile and unnecessary. Her interests are not our interests. 'But,' you ask me, 'how are we to do it?' It will work itself. We have been frightened at a shadow. We have been as much deceived in this respect as we have about other matters connected with this subject.

"Free coinage by the United States will at once establish a parity between the two metals. Any nation that is big enough to take all the silver in the world, and give back merchandise and products in payment for it, will at once establish the parity between it and gold. [Applause.]

"France and the Latin Union, with less population and wealth than we have, maintained a premium on silver for forty years by opening their mints to its free coinage, and at a ratio of 15½ to 1, while ours was 16 to 1.

"If France could lift the commercial value of silver above that fixed by the other nations of the world, and