The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1885-12-10

| upplhtluH WIZ IehNll III lno hunhllullOn OF
silver for all The gold the government owns
applicable to It's general purposes II will
not do to rely upon tho customs receipts OF
Tho government 10 make gool this drain Of
gold becRus the silver thus coined having
been made legal tender for all debts aud
dues public and private AT limos during
the last six months Is per cont Of tho re-
colpts Tor duties hava been paid In silver or
silver certificates, while tho average within
that period has been 20 per cent.
The proportion OF silver and its certla-
catos received by tho government will
probably increase as time goes on for tho
reason that the nearer the period approaches
when II will be obliged 10 offer silver In pay
mont Of its obligations, the creator Induce
ment thore will bs TO hoard gold againsl de-
! probation In tho value OF silver, or for tie
purpose OF sp'culatlns,
This boarding Of gold has already begun
When tho time comes that gold has been
withdrawn from circulation then VIII bs ap.
parent tho difference between tho yuluo Of
the silver dollar and dollar In gold, and tho
two coins viii part company God, still
tho stanidr OF value anl necessary Ia our
dealings with other countries, viii bs at
/ premium over silver; banks which have sub
slltutel gold for the deposits OF th,r Gus
tomera may pay them with silver bought
with suon gold, thus making handsome
proilti rich spectators will soil their
boarded gold TO their nolghbors who need II
/ 10 liquidnte their foreign debts NJ q ruiuous
| premium over silver, and the laboring men
and women of the land, most deiensoless Of
all, will find that the dollar received for the
wage Of their toll has sadly sbrunk In ita
purchasing power
IL may DO said that the latter result will
be but temporary, and that ultimately tho
! price Of labor will bo adjusted 10 tho change,
but even II this takes place tho wage worker
/ cannot possibly gain but must inevitably
lose since tho price ho Ia compelled 10 pay
for his living viii not only be measured In a
, coin heavily deprecated and iluctuating and
uncertain In tho value OF the purchasing mo-
dium will bo made the pretoxt for an ad
vance In prices beyond that justified by
actual doproalaJion
Those who do not fear any disastrous con-
! sequences nrisng from the continued com.
pusory coinage OF silver aud who suppose
that the addition 10 tho currency intended
Ns It's result will bo a public benefit are 70,
minded by the president that history dem,
onstralos that tho point Is eusjiy reached In
the 0ttompt 10 float at tho same time two
sorts OF money Of different oxcollouco whom
the bottor viii cease TO DO In general circu.
lation, 80 that II silver coinage bO con-
tnuod wo may reasonably expect that gold
aud its equivalent will abandon tho field OF
circulation 30 silver alone; aud this must
produce severe contraction of the currency
instead Of adding to Il, Tho fact that after
special efforts 10y the secretary Of the troOs'
ury 10 increase silver circulation, n largo
share OF tho limited amount put out has soon
returned 10 the treasury In tho payment Of
dutloa, leads 10 tho b'l,f that the people do
not now dosiro to keep II on hand, and this,
with tho evident disposition 10 board gold,
gives rise to Tho suspicion that there already
exists u lack Of confidence among the people
touching our financial processes
There IL scertainly not enough silver now In
circulation 10 cause unOnsinOss; and tho
whole amount couod anj ON hand, mightaf-
tor time b, absorbed by the people with
)ut apprehension, but II is the ocaseloss
/ stream that threatens 20 overthrow tho land
which causes fear and uncertainty
Leaving considerations Of n homo nature
In tho discussion Of this subject, the prOsl-
don't saya line Of action In regard TO our
currency cannot bo wisely settled upon or
persisted In without considering the attitude
OF tho subject OF other countries with whom
wo maintain commercial rotations Tho nt.
titudo Of tho leading powers romans sub.
stantially unchanged since the monetary
conference Of 1881, and the stops already
t0kon 10 secure tho adoption Of n common
international ratio between gold and silver,
demonstrates tho usOlosssnoss OF further at-
onpB at proscnt to arrive Ot any agroo.
mont on tho subject with other nations
In tho meantime wo 6rO accommodating
silver coin basol on our own peculiar ratio
10 such an extent, os will render us an un.
desirable party 10 any any future monetary
conference ot nations
Returning 10 discussion Of the question
at homo, the president says we have now on
hand nll the silver dollars necessary 10 sup
ply the present needs Of the people aud 10
satisfy those who from sontimont wish 10
300 thom In circulation, II their coinage Is
suspended thoY can bo roudily ublaiu0d by
all who desire, II tho mood OF moro Is at any
time apparent coinage eau bo removed
Tho president discusses the silver question
exhousdyoly; doyoting moro space 10 II
than 10 any other subject In his message and
CLOSES discussion with tho following wordsi
"TNat lisOstor has not already oyurtakon
us furnlsbol no proof that danger doos not
wait upon continuation Of the prosont
silver coinage We have boon saved by tho
most careful management and unusual OK
pedions, but continuation Of fortunate
conditions aud bya confident expectation
that the course Of tho government In regard
silver coinage would be speedily changed
y the action OF congress- Prosperity hosl-
ntos upon our threshold because Of tho dan
ors aud uncertainties surrounding this
question Capital timidly shrInks from
trade aud investors are unwilling TO tako tho
chance OF The questionable shape In which
their money viii DO returned TO them, whllo
enterprise hnlts al risk against which caro
aud sagacIous mhnagementdo not protect
"As necessary consequence labor lacks
employment aud suffering and distress arc
visited upon portion Of our fellow citIgons
especially ontltlod 10 tho careful consldcra-
tion Of those charged with the duties Of
Legislation, No interest appeals 10 us no
strongly for a safe and staple currency as
the vast army Of the unemployed"
Reviewing tho report OF tho secretary Of
war, the president recommends reform In
court martial proceedings remedy 10 Tho
present dotenselesa condition Of our sea
coasts and law prohibiting the construc.
tlon OF bridges over navlgablc rivers In such
n manner os 10 obstruct navigation,
Referring 10 our navyi 40 important to
nation like ours having an extended sea
coast TO protect, he expresses the hope that
the day IN not far distant when we will have
q navy such IA BELTS our standing among
nations, but before we proceed further In
The restoration Of tho navy we need thor.
oughly rcore enised navy department II
we desire to build ships for present useful
moss instead Of naval reminders OF daye that
are past we must have a department organ.
lied for work, He earnestly commends tho
portion Of Secretary whitney's report do