The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1880-09-29
The Scheme to Expel Silver from Our
Money system.

3 S~NJ
In our elaborate discussion Of Gen.
Garfeld's record upon the silver ques-
ton, in late number, we showed that
though it has been overshadowed by
the more absorbing issue involving the
+ existence Of civil liberty in the United
\ States. ii was nevertheless intrinsically
/ important in its relations TO the Presi-
Dental question-that Garfield is COM
mitted to the policy of the Hayes adj
ministration and the party it represents,
to discontinue the coinage Of silver en-
/ tirely, and to return to metallic cur
rency of gold exclusively. We showed
that in 1878, he voted against the joint
resolutions declaring that United States
bonds were payable, under the contract,
in silver a. well as gold-that he voted
to sustain President Hayes veto Of the
silver BILL and that there Is no room to
doubt his endorsing the reeommen-
dations Of President Hayes and of
Secretary Sherman, that the coinage
Of silver be entirely stopped. Sher
man Is on the stump advocating
Garfield's election, and it is under
stood that he will remain at the
head Of the Treasury Department if
Garfield should be the successor of
Hayes.
This is not all The Massachusetts,
Republican State Convention made
point at its recent session to declare the
Republican policy (and also the Demo
cratic policy on this important subject,
as follows:
at is, therefore, to the Republican party
alone that the friends of a currency based
upon the value of gold coin can t00k far the
repeai or notification Of Latcs relating to
c0inage ofSiieer d1lars which derived their
chief support from Democratic votes and
which were passed over the veto of Re
publican President; and the Republicans
Of Massachusetts are of opinion that the
continued cOia0ge u sitCeF dollars of tie
0fescaf sfaHdnrd, while the monetary rela-
lions Of gold and silver remain substanti-
ally as they now are, will bring about ex-
puI.ion OF gold from the country and impose
upon our commerce and industry the dis
advantages of currency deprecated in
/ the markets Of the world, and that the
c1iuoge NJ these d0iiars no1o going on ut the
( rate Of - 100000 II moitth ouhgt to BE- sus-
1 penied until the relation between gold and
silver has been uniformly established by
| leading commercial countries"
Here the policy which will be car
ried out by the Republicans if they
elect their candidate for President, and
get control Of Congress again, is clearly
/ foreshadswcd In Garfield, the mono
metalists will have : candidate whose
record against the reconciliation of
silver. shows that he would be unstinted
/ in the use Of his powers IL PresI-
dent to execute it. On this subject,
we viii employ a. our own the Ian
guage Of leading Democratic journal,
the St. Louis Republican, i'll saying
that the Democracy Of the North as
well a. of the South ''are in favor of
coming both gold and silver, and using
them rs money; they were opposed to
the demonetization 81 silver by Il Re
publican Congress in 1878, and III f4yor
OF the bill passed by Democratic Con
gress which remonetised it 1877; they
are in favor of continuing the coinage
of silver dollars under that law, and the
payment Of them out for interest on the
public debt But the Massachusetts
Republicans, who generally dictate the
policy of the Radical party, demand the
repeal Of the silver law, the arrest of
the coinage of silver dollars and the con-
sequent expulsion Of silver from our
money system; they demand that all
debts shall be made payable in gold ex-
clusively, or it. equivalent, whereby
every debtor would be forced to pay II
per cent more than he really owes
and that the product of our silver mines,
SAC, 100000 a year, instead of being
coined into dollars and made a useful
and available part of our money system,
shall be degroded 10 I,,ere merchandise
and shipped abroad in the toen Qf
bullion"
This is question Of transcendent i'm
portance, and is an issue IL the canvass.
The Republicans, representing .ha
privileged classes, are in favor of strik-
ing silver from the money system in
order to double the taxes and the IN
debtedness to the bondholders, and ths
Democracy are in favor of "honest
money consisting Of gold and silrer and
Of paper convertible into coin" Gin
cinnati PLATFORM. Which Will you
choose?
hurlslan-HancocK