Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1879-09-13

OuF pcOplc. IL 10 o kICoss WuoLooonAos
Indispensable measure of relief; open
to no just criticism either In respect OF
its honesty or sound policy. 1t will
bring down the purchasing power OF
gold, which has been dishonesty increas-
ed by the decentralization of silver-an
act to which the American people never
consented-done in the dark by some
rascal for the purpose of robblng the
masses and pillng up the fortunes Of tho
moneyed class. !''el ~
The two parties are squarely at issRe
on this question. Mr. Sherman and Mr..
Schurz both take ground in favor OF
stopping the coinage OF the silver dollar
when the amount under existing la#
shall reach sum supposed to bethe
largest which will float at par with gold {;
or, on the other hand, adopting a new
and more valuable silver dollar for the
benefit of the creditor class. Either Of
these methods involves the perpetuation
of the wrong inflicted upon the people
bv the secret and fraudulent act OF de-
monetization. thank these gentlemen
for their frankness on this great question,
and call on the people of Ohio to decide
by their votes whether our great Amer
ican money product shall be put on an
even par with gold, and whether they
will have the old dollar of the fathers
or the new dollar OF the Shylocks. a,
Mr.. Sherman, who Sgas. the, first to
propose the decentralization Of silver In
the interest OF the moneYed class, at
tempts to sustain it by the following
statement: "Many causes contributed
to reduce the relative value OF silver,
and now. 1t requires eighteen ounces oi
silver to be equal to one ounce of gold ;
and, therefore, the chief commercial
countries have either wholly or partially
suspended the coinage of silver" q
He here. with studied vagueness, as
serts that silver at the old ratio of six
teen to one had deprecated as compared
with gold, and for that reason was demon
etized; thus illustrating again his fluent
disregard of facts. The American silver
dollar was always. since 1888. wortt
more than the American gold dollar
down to the very date when it was de
monetized, and at that date it stood at {
premium OF 81 per cent. The depreoia
ton OF our silver, as compared with oul
gold dollar. was caused by the acts o.
demonstration accomplished through I
conspiracy of usurers. II Mr.. Sherman
does not know that tact. he is less III
formed on the subject than nine out o
ten of his hearers. He ought to know
why it was demonetized, for he introdu
ced bill for that purpose in the United
States senate in 1868, and advocated it
decentralization before the congress o
bondholders in Paris. The solo reasel
was that the Unsuitable avarice of tn
bondholders Of Europe and Amerio'
sought to appreciate the value Of thei
property aud labor in which their bond
were payable BY. striking out of exla
tence one-half of the worlds metalli
money. Gen. Ewing referred to the ma
tional banks, declaring them a useles
burden upon the country, and favorinI
the issue of treasury notes for their billi
REPUBLICAN ExTRAvAGANCR.a
Mr.. Sherman has the amazing recR
lessness to assert that the republica
1 administration has been marked by
uniform decrease of expenditures, q
shown by the official table of net ord
nary expenditures;' and the democrat
have been rapidly increasing appropri,
tions since they have had control {
congress- He attempts to sustain thes
assertions by figures made up. not frol
published official reports. but from dat
of which the public has no information
appeal from John Sherman on th
stump to John Sherman in the treasury
hold in my hand his own last report
congress. in a volume entitled sFinanc
Report. 1872 On page II is given th
net ordinary expenditure of the govern
ment Exclusive of premiums, interes
and public debit, in which it is state
that those expenditures since 1870 wei
each year as follows. I give the figure
exactly as published by him: