will be apparent the difference between the real value of the silver
dollar and a dollar in gold, and the two coins will part company.
Gold, still the standard of value and necessary in our dealings with
other countries, will be at a premium over silver; banks which have
substituted gold for the deposits of their customers may pay them with
silver bought with such gold, thus making a handsome profit; rich
speculators will sell their hoarded gold to their neighbors who need it
to liquidate their foreign debts, at a ruinous premium over silver, and
the laboring men and women of the land, most defenseless of all, will
find that the dollar received for the wage of their toil has sadly
shrunk in its purchasing power. It may be said that the latter result
will be but temporary, and that ultimately the price of labor will be
adjusted to the change; but even if this takes place the wage-worker
can not possibly gain, but must inevitably lose, since the price he is
compelled to pay for his living will not only be measured in a coin
heavily depreciated and fluctuating and uncertain in its value, but
this uncertainty in the value of the purchasing medium will be made
the pretext for an advance in prices beyond that justified by actual
depreciation.

The words uttered in 1834 by Daniel Webster in the Senate of the United
States are true to-day:

The very man of all others who has the deepest interest in a sound
currency, and who suffers most by mischievous legislation in money
matters, is the man who earns his daily bread by his daily toil.


The most distinguished advocate of bimetallism, discussing our silver
coinage, has lately written: